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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 […]
ARE & TAREA sign MoU to support decentralised renewable energy businesses & market development in Tanzania
Brussels and Dar es Salaam, 12 January 2021 – A Memorandum of Understanding (MoU) has been signed between the Tanzania Renewable Energy Association (TAREA) and the Alliance for Rural Electrification (ARE). The MoU sets out the shared goals of the two […]
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 […]
AfDB launches $50 million facility to support energy access companies through and beyond the COVID-19 pandemic
4 December 2020 – The Board of Directors of the African Development Bank has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP). The $50 million blended […]
Leading Renewable Players Urge Governments to Re-align Recovery Measures with Paris Agreement
7 December 2020 – With the Paris Agreement celebrating its fifth anniversary this week, all eyes are on the world’s governments to urgently scale-up climate action. In a renewed call to action, over 100 leading renewable energy players, as members […]
OFF-GRID Expo + Conference closes on a positive note
Messe Augsburg impresses exhibitors, participants and speakers with the digital format of the international congress and exhibition. The OFF-GRID Expo + Conference managed a successful digital premiere. In total, more than 500 participants from 46 nations took part in the three-day virtual […]
ECOWAS Sustainable Energy Forum 2020 calls for an acceleration of decentralised renewable energy in West Africa
30 November 2020 – The Economic Community of West African States (ECOWAS) held its fourth annual Sustainable Energy Forum (ESEF 2020) from 24-26 November 2020. Due to the coronavirus pandemic, this year’s ESEF was held virtually under the high-patronage of […]
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 […]