Category: Member article
InfraCo Africa to invest US$15m to anchor pioneering new guarantee company
Sharm El Sheikh, 7 Nov 2022 – On the opening day of COP27, ARE Member InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) has announced that it will invest US$15m into a newly established guarantee company, alongside a US$5m commitment […]
Bboxx partners with Ampersand to provide thousands of taxi e-motos for drivers in Rwanda
11 October 2022 – ARE Member Bboxx, a platform providing access to essential products and services, and Ampersand, an e-mobility company delivering sustainable transport solutions in East Africa, partner to expand Ampersand’s e-mobility scheme in Rwanda. Following a successful initial […]
Equatorial and GIZ team up to solarise 27 rural clinics in Uganda
17 October 2022 – In Uganda, electricity provider and ARE Member Equatorial Power is teaming up with the German International Development Cooperation Agency (GIZ) to provide solar energy to at least 27 health centers in rural areas. The project by […]
Off-grid RDG Collective and seed impact investor EDFI ElectriFI to narrow electrification gap in Zambia
EDFI ElectriFI, the EU-funded Electrification Financing Initiative, invested a USD 2 million convertible note in RDG Collective, an early-stage Solar Home Systems and Productive Use Appliances provider in rural Zambia. Brussels, 6 October 2022 – The EU, through ARE Member EDFI […]
InfraCo Africa & Equatorial Power set to roll out access to clean power and agri-processing in the DRC & Rwanda
30 September 2022 – ARE Members InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) has signed an agreement with Equatorial Power, committing US$1.7m to scale the company’s innovative mini-grid model in the Democratic Republic of the Congo (DRC) and Rwanda. […]
CrossBoundary Energy Access & ENGIE Energy Access sign largest Mini-Grid Project Finance Transaction in Africa to build $60M of Mini-Grids in Nigeria
28 September 2022, Nairobi & Lagos — ARE Members CrossBoundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria (ENGIE) are announcing a project finance agreement to build a $60 million portfolio of mini-grids that will connect over 150,000 people to […]
EDFI ElectriFI signs microgrid debt facility to drive net-zero economic growth in 80 communities in rural India
Brussels & Patna, 15 September 2022 – Husk Power Systems, operator of the largest fleet of solar-hybrid microgrids across rural Asia and Africa, will electrify 80 additional communities in India with $6 million in new debt financing, announced today, from the EU-funded Electrification Financing […]
Hybrid Solar PV System Installed for Zembo Motorcycles in Uganda
Kampala, 23 August 2022 – ARE Member Aptech recently commissioned a hybrid PV system for Zembo Motorcycles SMC LTD in Kampala, Uganda. The system has an 8.55 kWp solar system with 9.6 kWh battery storage. The system is integrated with […]
Okra Solar’s mesh-grid energises Nigerian community with 30% cost saving compared to mini-grid
Nigeria, 18 August 2022 – Creeds Energy has energised 50 households in Bassa, Nasarawa State, with 24-hour solar energy access using mesh-grids from Okra Solar. The 50 household project with Creeds Energy marks Okra’s third successful deployment of mesh-grids in Nigeria. Creeds has […]
InfraCo Africa invests U$43m to launch a new climate-focused infrastructure fund for Africa
London, 9 August 2022 – InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG) and ARE Member, today announced a US$43 million anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advised by Helios Investment […]