Category: Member article
Amped Innovation contracts USD 6m with ARE Member EDFI ElectriFI to provide solar home systems to 500,000+ people in frontier markets
16 September 2021 – EDFI ElectriFI is making available a USD 6m revolving working capital facility (USD 4m from its global facility and USD 2m from the Nigeria Country Window) to Amped Innovation, a company designing and supplying high efficiency, […]
ARE Member SunFunder Finances Yellow’s Solar Kits with a USD 4m Loan in Malawi
13 September 2021 – Fund manager SunFunder is providing a USD 4m loan to Yellow. The loan will support the company’s growing sales of solar home systems. With over 110,000 units sold, Yellow has improved energy access for more than 400,000 people, […]
ARE Member CrossBoundary to Supply 13 MW of Solar Power to GCO Facilities
7 September 2021 – Solar energy provider CrossBoundary Energy has signed an agreement with Grande Côte Operations (GCO), the subsidiary of French group Eramet. The agreement covers the installation of a 13 MW hybrid solar power plant with storage for the […]
ARE Member SparkMeter Digitalises the Management of Green Mini-grids for 100,000 People in Benin
31 August 2021 – SparkMeter will digitise the management of green mini-grids in Benin. To carry out this project, the smart metering and grid analysis technology provider is receiving a grant from the US Trade and Development Agency (USTDA). Enabling remote […]
ARE Member Azelio Signs Order for 20 Energy Storage Units in Egypt
19 August 2021 – Azelio has received a conditional order from Engazaat Development S.A.E. for 20 of Azelio’s TES.POD® renewable energy storage units. The order is valued at approximately USD 1.5 million, and it is estimated that delivery will take […]
STAG-Tech and ARE Member 247Solar to collaborate for round-the-clock wind power
3 August 2021 – ARE Member 247Solar Inc., a US-based spinoff of MIT, along with UK-based STAG-tech, a supplier of low-cost, containerised wind turbines, today announced a collaboration agreement to combine STAG-Tech’s innovative compact wind turbines with 247Solar’s HeatStorE™ long-duration thermal […]
ARE Member CrossBoundary Energy to supply solar and wind power to the Rio Tinto mine in Madagascar
28 July 2021 – Renewable energy provider ARE Member CrossBoundary Energy (CBE) has signed a power purchase agreement (PPA) with Anglo-Australian mining company Rio Tinto. CBE will supply solar and wind power to an ilmenite mine operated by Rio Tinto in […]
MyJouleBox, a leading West African solar operator, secures EUR 3m Series A round from ARE financier members to boost growth in core markets
ARE Member EDFI ElectriFI invested a total of EUR 1.5m split (under the Benin Country Window funded by the European Union) for EUR 500,000 into equity alongside ARE Member Gaia Impact Fund and for EUR 1m into convertible notes together […]
PowerGen partners with CrossBoundary Energy Access, Oikocredit, Triodos Investment Management and EDFI ElectriFI to connect 55,000 people to electricity in rural Nigeria
22 July 2021 – ARE Member PowerGen, the leading developer in Africa of on-grid and off-grid distributed energy, has secured long term project financing to connect 55,000 people to electricity in rural Nigeria from ARE Member CrossBoundary Energy Access with construction […]
ARE Member Inensus GmbH to increase the profitability of mini-grids in agricultural value chains through its joint venture Volt-Terra with grant funding from PREO
16 July 2021 – VOLT-TERRA seeks to increase profitability of mini-grids in agricultural value chains by applying the cutting-edge KeyMaker Model (KMM). Responding to the aim of rural industrialisation, the KMM is based on Economies of Scope theory. It utilises the […]