Category: Member article
d.light achieves record profits in Q2 2024
ARE Member d.light, the global provider of transformational household products and affordable finance for low-income households, achieved its highest ever quarterly revenue and profits in Q2 2024. Consecutive record-breaking monthly revenue figures in May and June, combined with improved operational […]
InfraCo Africa invests to pioneer Zimbabwe’s first project financed solar IPP
Harare, Zimbabwe: ARE Member InfraCo Africa, has signed an agreement with Energywise Equipment (Pvt) Ltd (Energywise) and Impala Power Company Ltd (Impala), investing USD 1.5m to progress development of the 30 MWac Vungu Solar project in Zimbabwe’s Midlands Province. Vungu Solar is poised […]
EDP launches Hope Fund to support social entrepreneurs with projects for just transition
The programme is intended to support and finance social impact projects in Portugal, Spain, and Latin America. Applications are now open. ARE Member EDP has launched the Hope Fund, a new funding and incubation programme open to social entrepreneurs with […]
InfraCo Africa invests to develop a 50 MWp solar plant in Côte d’Ivoire
On 2 July 2024, the project company Kong Solaire, jointly owned by ARE Member InfraCo Africa (part of the Private Infrastructure Development Group – PIDG) and Ivorian developer Africa Via, signed a concession agreement with the Ministry of Mines, Petroleum, and […]
Off-grid energy leader ENGIE Energy Access launches 15 solar mini-grids in Zambia, targets 60 by 2025
ARE Member ENGIE Energy Access, Africa’s leading Pay-As-You-Go (PAYGO) and mini-grid solutions provider, has officially commenced the construction of 15 solar mini-grids in Zambia’s Eastern Province. This initiative is a crucial part of the transformative Increase Access to Electricity and […]
Power Purchase Agreement signed to progress the Lilondi run-of-river hydropower project in Tanzania
ARE Members Anzana Electric Group (formerly Virunga Power) and InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), have today announced the signing of a Power Purchase Agreement (PPA) with TANESCO, the state-owned national utility of Tanzania, which took […]
Boosting West African solar companies through investment readiness
How to leverage the power of decentralised renewable energy to catalyse social, economic and environmental impact for the most vulnerable populations? This is the question that ARE Member ADA, a Luxembourgish non-governmental organisation that strengthens the autonomy of vulnerable people […]
Unlocking rural potential: The shift in green energy finance training
Economic and financial aspects have always been part of ARE Member RENAC’s training on RE and EE technologies. In 2015, coinciding with the Paris Agreement, RENAC launched the “Green Banking” project, which focused on RE and EE finance, and access […]
Opportunities for investment in urban & rural electric mobility in Nigeria – New GET.invest Market Insights package
Electric mobility has wide-ranging environmental, social and economic benefits, enabling countries to pursue a low-emission and climate-resilient development path. In Nigeria, e-mobility is still in its early stages, but many opportunities exist for the market to grow. Scaling up the […]
Spark-funded solar project bears fruit for citrus farmer in South Africa
Electricity is critical for the successful operation of every business. Without an affordable and reliable power supply, a company’s performance is constrained, leading to reduced output, job losses and even bankruptcy. But this is precisely the situation being faced by […]