Category: Member article
Crowdfunding boost for airborne wind energy tech
12 July 2023 – Two airborne wind energy developers have attracted major global investment through crowdfunding initiatives, pushing the sector closer towards commercialisation. According to ARE Member Airborne Wind Europe (AWE), which said that the latest funding rounds from EnerKite and Kitemill […]
Gaia’s investee Nuru closes over $40m of equity funding to drive metrogrid scaling in the Democratic Republic of the Congo
Goma, Democratic Republic of Congo, 3 July 2023 – Nuru, one of Africa’s pioneering renewable energy-powered metrogrid companies, has announced the successful close of over $40m in Series B equity funding and anticipates the close of an additional $28m in project […]
MySol Grid Zambia (ENGIE) to construct 60 mini-grids – USD 7.5 million of debt transaction signed with Cygnum Capital
30 June 2023 – On June 29th 2023, FEI signed finance documents to provide USD 7.5 million of senior debt to MySol Grid Zambia. This transaction structured by FEI provides MySol Grid Zambia (“ENGIE”) with the necessary funding and flexibility to […]
Reskube introduces its new solution equipped with solar charging capability
23 May 2023 – ARE Member Reskube unveiled the highly anticipated launch of Reskube Home Pro, now equipped with an innovative solar charging capability. This groundbreaking development marks a significant milestone in their ongoing mission to improve the availability of reliable power […]
Schneider Electric launches free online energy transition course
20 June 2023 – ARE Member Schneider Electric, the leader in the digital transformation of energy management and automation, together with the International Trade Centre (ITC), a United Nations (UN) agency, and the French NGO Atelier 21, have launched a new online training […]
Intersolar Europe shines a light on Photovoltaics in Africa in New Report
19 June 2023 – In the frame of Intersolar Europe, the “Solarize Africa Market Report 2023“ analysing developments in Photovoltaics (PV) markets on the African continent is published. Long gone are the days when African PV markets were limited to […]
HydroBox Supports Hydroelectric Power Production In Remote Villages
ARE Member HydroBox has plans to support the production of hydroelectric power in some of the local villages in remote areas. The Chief Executive Officer of HydroBox, Mr. Thomas Poelmans, has said that by the year 2027, they are targeting to […]
On.Capital invests in e-mobility-Saas pioneer STIMA in Kenya
16 June 2023 – ARE Member On.Capital SAS has invested, alongside a group of experienced business angels, in STIMA, a Kenya-based software as a service for electric mobility and traditional fleet managers. STIMA created a smart energy infrastructure solution to enable 15 million […]
ENGIE Energy Access to provide electricity to low-income communities in Benin
Cotonou, 13 June 2023 – Construction has started on a mini-grid project set to give low-income communities in Benin access to electricity. The Beninese Agency for Rural Electrification and Energy Management (ABERME) has signed an agreement with ARE Member ENGIE Energy […]
Asantys Systems moves forward with mini-grid project in Senegal
1 June 2023 – German system integrator and ARE Member Asantys Systems GmbH has started deploying a series of solar mini-grid projects through the ASER300 project in Senegal. KfW IPEX-Bank, a subsidiary of Germany’s development bank KfW, has provided a €130 million […]