Inspired Evolution backs Alten for 500MW solar portfolio in Sub-Saharan Africa

Inspired Evolution has signed off on a deal to invest up to US$36 million in Alten RE Developments Africa, the Sub-Saharan African subsidiary of Alten Energías Renovables.

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African Infrastructure Investment Managers invests in solar-battery-diesel hybrid systems

African Infrastructure Investment Managers (AIIM) has invested in Starsight Power Utility, a Nigeria-based energy services company providing solar-diesel-battery hybrid and efficient cooling and lighting solutions to its commercial and industrial clients.

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BEAM investment platform launched to deploy US$50 million for renewable energy in developing markets

The platform will look to grow off-grid energy service companies spanning solar home systems, large solar, and metering applications such as pumps and mini-grids.

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IFC, Canadian government announce partnership to spur renewable energy in Africa

IFC, a member of the World Bank Group, and the government of Canada has formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy in Sub-Saharan Africa.

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Africa Development Bank plans 10GW of solar across the Sahel by 2020

This is expected to supply power to 250 million people, with 90 million of these provided through off-grid systems.

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Akuo Solar secures financing for 50MW solar project in Mali

The West African Development Bank (BOAD), Emerging Africa Infrastructure Fund (EAIF), the National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo have agreed to finance a 50MW PV project in Mali.

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Off Grid Electric using US$55 million financing from EDF, GE and others for Ghana expansion

Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).

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EDF, GE fuel Off Grid Electric’s Ghana push with US$55 million Series D financing

Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).

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InfraCo Africa commits US$3.1 million to Guinea’s first grid-connected solar project

InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea.

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Shell, ENGIE invest US$20m in clean microgrids for India and Tanzania

Major oil company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa.

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Church Pension Fund provides US$17 million for off-grid solar loans in Africa and South Asia

The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested US$17 million in a fund that provides loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector in sub-Saharan Africa and South Asia.

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