Energy access

The additional €3m investment from Activate Capital, Rubio Impact Ventures and PDENH brings the total funds raised by the company to €25m, as it plans to expand its flexibility services across Europe’s energy grids

The Energy Entrepreneurs Growth Fund has received a $40m investment from the US International Finance Corporation, taking total capital commitments to the fund to $106m

ABN AMRO Sustainable Impact Fund, INCO Ventures and NGO ACTED have participated in the latest fundraising round for crowdfunding platform Lendahand which backs entrepreneurs in emerging countries

The Beyond the Grid Fund for Africa is expanding its geographical reach in its aim to bring clean, affordable, off-grid energy access to millions of households and support the growth of commercially sustainable businesses across the continent

Katherine Lucey tells us how she is bringing light to sub-Saharan Africa with an army of female entrepreneurs: “No one should go to bed just because the lights go out.”

A new mandate awarded by Germany’s KfW to a consortium comprising Triple Jump, Persistent and GreenMax Capital Advisors will support new ways to decentralise electricity supply in sub-Saharan Africa.

The Energy Entrepreneurs Growth Fund, founded late 2019 and managed by Triple Jump, announced today it has made its first investments totalling $10mn in three off-grid solar providers in sub-Saharan Africa.

Millions of financial support have been mobilised for off-grid energy companies in need due to the Covid pandemic. But how do fund managers ensure it’s disbursed fast and effectively to those most in need?

An innovative financing deal by African renewables and microgrid provider PowerGen Renewable Energy in Nigeria could serve as a model for how private capital can be brought into the sector.

The provision of off-grid solar energy to households and small businesses in low-income countries has been one of the development success stories of the last decade.