Category: Member article
ENGIE partners with CarbonClear to finance the access to energy challenge in Africa through the Voluntary Carbon Market
21 March 2023 – A landmark partnership was signed today to foster the sustainable development and access to energy financing in Africa through the Voluntary Carbon Markets. ARE Member ENGIE Energy Access — one of the leading off-grid providers in Africa, […]
Launch of Gaia Energy Impact Fund II
Paris, 21 March 2023 – Schneider Electric, Capelan, Capital Croissance and Investisseurs & Partenaires (I&P) team up with Gaia Impact team to launch Gaia Energy Impact Fund II, a venture capital fund specialising in the energy transition in Africa and […]
Investors buy stake in ground-breaking solar company Nuru SASU in DRC
London, 3 March 2023 – Nuru SASU (Nuru), the company behind Democratic Republic of the Congo (DRC)’s first solar PV metrogrid, is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 after securing an initial USD1.5 million from investors […]
Fronius again earns top rankings
22 February 2023 – ARE Member Fronius has again achieved top rankings in the annual Energy Storage Inspection by the Berlin University of Applied Sciences (HTW), due to the company’s high system efficiency. The Fronius Primo GEN24 6.0 Plus earned top […]
SINOSOAR is to build 9.52 MW microgrid project in Niger
13 February 2023 – At the beginning of the Chinese Spring Festival 2023, ARE Member SINOSOAR once again brings good news– Their Niger Branch Company has just signed a contract of 9.52MW Solar microgrid in Dosso and Tahoua Provinces of Niger. This project […]
ARE Member LydetCo goes off-grid
28 January 2023 – On the Ethiopian capital’s outskirts, at about 400 meters from the Ayat roundabout, sits a sparkling white building with the logo LydetCo plastered all over it. A casual glance at the six-storey building reveals little to leave […]
Renewvia launches joint venture with Okapi Green Energy Ltd. to deliver clean and affordable energy to Kenya’s refugees
25 January 2023 – ARE Member Renewvia, a leading global solar energy microgrid developer, has partnered with Okapi Green Energy (Okapi) Ltd to launch a Joint Venture, OkRene Energy, to deliver clean and affordable electricity through a financially sustainable model to […]
Kenyan internet service provider, Mawingu, raises US$9m to expand operations across Kenya
Nanyuki, Kenya, 1 Feb 2023 – Mawingu, a Kenyan based Internet service provider operational in 15 counties, successfully closed their Series B investment bringing onboard new investor and ARE Member InfraCo Africa, part of the Private Infrastructure Development Group (PIDG). InfraCo Africa’s […]
Piloting a new financing model to scale energy access in Sierra Leone
Freetown, Sierra Leone, 18 January 2023 – Following the successful commissioning of their Sierra Leone Mini grid project which has connected over 13,000 homes and businesses to clean energy, ARE Members InfraCo Africa and PowerGen Renewable Energy (PowerGen) have announced that they are collaborating to […]
SunCulture begins selling carbon credits
22 December 2022 – This quarter, ARE Member SunCulture Kenya has begun to sell its first carbon credits. Additionally, they have raised funding via a Result Based Financing (RBF) grant, which aims to mimic a high price of the carbon offsets. SunCulture […]