Category: Member article
ARE Member SunFunder completes capital raise for Solar Energy Transformation Fund
8 March 2021 – Solar investments help reduce emissions and improve energy access in Africa and Asia ARE Member SunFunder, a finance company specialising in distributed solar in emerging markets, announces the final close of capital investments in the oversubscribed […]
Local Innovation: Creating a Foundation for Success in Rural Liberia
After several years of working closely with the people of Totota, Liberia, NRECA International in partnership with USAID/Liberia collaborated with this rural community to establish an electric cooperative in 2018 to bring them affordable, reliable and safe electricity. In less […]
ARE Members SunCulture & SunFunder collaborate to expand solar irrigation in Africa
10 February 2021 – ARE Member SunCulture, a solar irrigation company headquartered in Nairobi, Kenya, today received the first disbursement from a new $11m syndicated debt facility to expand its operations in sub-Saharan Africa. The new loan is groundbreaking for the […]
Innovex closes an equity investment with ARE Member Gaia Impact Fund
Kampala, Uganda, 19 January 2021 – Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from ARE Member Gaia Impact Fund. Innovex is a technology company with hardware […]
ARE Members Nexus Energy & Africa GreenTec announce successful merger
Florence, Italy, 14 January 2021 – Green Climate Ventures (GCV) announced the successful merger of its fully controlled company Nexus Energy with Africa GreenTec – both ARE Members. The financial terms of the transaction, finalised on 1 January 2021, have not […]
REPP injects £1 million into smart battery rental business targeting off-grid customers
London, 11 December 2020: The Renewable Energy Performance Platform (REPP), funded by the UK Government’s International Climate Finance, has invested £1 million into a renewables-powered battery rental company that provides affordable energy access to off-grid communities in West Africa. UK-based Mobile Power […]
After a slow year for electrification, 2020 ends with a full workshop and promising pipeline for ARE Member SustainSolar, greatly supported by innovative mini-grid asset leasing offering
9 December 2020 – The contraction of the global economy paired with far-reaching travel restrictions during most of 2020 did not only slow down many industrial sectors but also had a significant impact on the implementation of rural electrification projects […]
ARE Member EDP renews fund to support clean energy projects in developing countries
26 November 2020 – ARE Member EDP is preparing to sponsor new clean energy access projects in five African countries through the A2E Fund. The third edition of this financing program has €500,000 and two new target locations. The focus on […]
ARE Member SustainSolar delivers 7 turnkey systems to OnePower as part of Power Africa’s Beyond the Grid initiative in Lesotho
Lesotho, mid-September 2020 – OnePower Lesotho (1PWR), a mini-grid developer working in Lesotho with the mission to bring electricity to underserved communities, was announced as one of the winners of Power Africa’s Beyond the Grid initiative to electrify primary healthcare facilities […]
ARE Member Sunkofa secures first equity funding raise with Gaia Impact Fund to develop mini-grids in Africa
16 October 2020 – ARE Member Sunkofa Energy develops and operates solar mini-grids, aiming at giving access to energy to inhabitants in Africa living in off grid areas. Sunkofa Energy focuses on in-house operations, customer management, demand stimulation activities and […]