Category: Member article
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 […]
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 […]
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 […]
ARE Member SustainSolar delivers 7 turnkey systems to OnePower as part of Power Africa’s Beyond the Grid initiative in Lesotho
Lesotho, mid-September 2020 – OnePower Lesotho (1PWR), a mini-grid developer working in Lesotho with the mission to bring electricity to underserved communities, was announced as one of the winners of Power Africa’s Beyond the Grid initiative to electrify primary healthcare facilities […]
ARE Member Sunkofa secures first equity funding raise with Gaia Impact Fund to develop mini-grids in Africa
16 October 2020 – ARE Member Sunkofa Energy develops and operates solar mini-grids, aiming at giving access to energy to inhabitants in Africa living in off grid areas. Sunkofa Energy focuses on in-house operations, customer management, demand stimulation activities and […]
ARE Member SparkMeter Completes $12 Million Series A Financing
Washington, 25 Aug 2020 – ARE Member SparkMeter, a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia and the Americas, announced the closing of an $12 million Series A financing. The round was led […]
Early stage C&I solar company with a focus on West Africa closes investment with ARE Member EAV
Nairobi, 7 July 2020 – SolarX, a Mali-based solar company, is pleased to announce the close of its Series A round led by ARE Member Energy Access Ventures (EAV), an early-stage fund investing in and supporting decentralised energy companies across sub-Saharan […]
ARE Member Phaesun takes home two awards for water desalination project in Somaliland
Memmingen, 14 July 2020 – The Memmingen-based solar company and ARE Member Phaesun received two international awards on 30 June 2020: Phaesun was honoured with the Energy Globe Award and the SmarterE Award for the installation of a solar-powered water desalination system in […]