Category: Member article
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 […]
On.Capital invests in Solarbox Africa, an emerging leader in electric 3-Wheelers
25 May 2023 – Solarbox Africa Inc, incubated by Wuri Ventures, brings a new approach to electrifying last-mile logistics for Fast Moving Consumer Goods (“FMCG”) and people. Their initial pilot in Senegal demonstrated the competitiveness in their design, assembly, charge, and […]
InfraCo Africa and Afresco partner to deliver ‘Energy-as-a-Service’ solutions in Africa
Kampala, 26 April 2023 – ARE Member InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), is delighted to announce its investment of US$1.5 million to enable Afresco’s `Energy-as-a-Service’ solution to bring clean, reliable power to Commercial and Industrial (C&I) clients in Uganda, […]
Vitalite Zambia secures USD 1,5 million from EDFI ElectriFI to support its growth
27 April 2023 – ARE Member EDFI ElectriFI, the EU-funded Electrification Financing Initiative, is committed to invest a USD 1,5m convertible note in Vitalite Zambia, the pioneer of pay-as-you-go (PayGO) solar home systems distribution in Zambia. The EDFI ElectriFI investment in […]
EDP is looking for energy access projects to finance in five African countries
20 April 2023 – Through A2E CSR Fund, ARE Member EDP provides one million euros to finance projects that contribute to fighting poverty and energy exclusion in Africa. Organisations can apply until 22 May. Organisations that want to promote the […]
Ryse Energy Raises $15 Million in Growth Capital Round Led by RWE Energy Transition Investments
11 April 2023 – Abu Dhabi based ARE Member Ryse Energy, a global leader in decentralised renewable energy systems having sold or installed more than 4,000 units for clients worldwide, announces it has raised a $15 million growth funding round. The […]
Airborne Wind Energy is ready to contribute to the 5% target for innovative technologies
Brussels, 27 March 2023 – These days, the trilogue negotiations on the revision of the Renewable Energy Directive (RED III) enter into their final phase. The Airborne Wind Energy sector welcomes the proposed 5% target for innovative renewable energy technologies and […]
SelfChill technology from Phaesun and Solar Cooling Engineering awarded world’s best solar-powered cooling solution
Memmingen, 7 March 2023 – The most efficient and reliable solar-powered cold room for small-scale farmers in Africa comes from the Allgäu region in Germany. The companies Phaesun GmbH and Solar Cooling Engineering GmbH from Memmingen have developed the SelfChill […]