Fenix International’s ReadyPay line of high-efficiency, off-grid mobile pay-go solar products are proving very popular with Ugandans. The socioeconomic and environmental advantages and benefits should serve them in good stead for many years to come.
A mix of equity and grant funding, the capital infusion brings the total amount d.light has raised over the past four months to more than $40 million, highlighting growing investor confidence in mobile pay-go solar as an effective means of sustainable socioeconomic development..
A solar energy revolution is building momentum in Nigeria as BoI joins with multilateral development agencies, wirless network operators, local entrepreneurs and rural residents to roll out solar home energy services.
The Church Pension Fund and Wespath Benefits and Investments have invested $60 million ($30 million each) in Developing World Markets’ (DWM) landmark $60.8 million ORCA (Off-grid Renewables-Climate Action) note.
USAID will award Scaling Off-Grid Energy Development Grand Challenge grants of up to $500,000 each to Sub-Saharan start-ups that demonstrate commercially promising innovations and show they’ve raised sufficient capital from private sector investors.
The first to be awarded funding from ElectriFi, pioneering renewable energy micro-utiliy Sigora International aims to expand the customer base of its pilot, community solar microgrid from 5,000 to 136,000 (27,000 accounts).