Tag: offgrid solar

Financial Management for African Offgrid Solar Companies: Handbook

Financial Management for African Offgrid Solar Companies: Handbook

November 24, 2023 | ,

USAID Power Africa and Open Capital helped 30 companies across 17 African countries to develop robust finance functions. Lasting three to six months, this tailored assistance aided the companies to evaluate, plan, and analyze their finances; manage their risks; become more investment ready; and handle transactions. Power Africa and Open Capital also helped the companies gain access to capital and enhance the skills of their finance teams.

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An increased role for private sector: Mozambique’s new regulatory policy in the off-grid energy sector

An increased role for private sector: Mozambique’s new regulatory policy in the off-grid energy sector

July 12, 2022 |

Recently, Mozambique’s growth trajectory has been driven by pandemic-related restrictions, the conflict in Cabo Delgado, extreme damage by tropical storms, and by commodity output and prices. Not all is negative—at the same time, new opportunities in the energy sector are opening doors for an economic boost. More specifically, the country is taking steps into a new direction toward creating an environment that enables private investment in the off-grid sector.

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ACWA-led consortium secures loan for Red Sea renewable power project

ACWA-led consortium secures loan for Red Sea renewable power project

March 3, 2022 |

A consortium of developers led by ACWA Power has secured financing for the massive Red Sea tourism project, on the west coast of Saudi Arabia, which is set to feature a 320 MW solar array and a 1.3 GWh off-grid battery. The project has reached financial close securing a $1.3 billion debt facility. The $1.302 billion senior debt facilities have been secured by ACWA Power, SPIC Huanghe Hydropower Development Company, and Saudi Tabreed Cooling Company.

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Rolls-Royce invests in off-grid solar systems in Africa

Rolls-Royce invests in off-grid solar systems in Africa

July 13, 2021 |

Rolls-Royce has announced an investment in Kowry Energy, a Berlin-based start-up that provides sustainable and decentralised energy systems. By merging renewable energy sources such as solar and battery storage systems, the start-up will deliver energy solutions employing photovoltaic systems and demand of up to 1 MW in collaboration with local independent power providers and operators. This reduces the use of fossil fuels while maximising the benefits of Africa’s climatic conditions.

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Financing distributed renewable energy in India

Financing distributed renewable energy in India

May 10, 2021 |

In the report titled, “The Future of Distributed Renewable Energy in India” published by the Climate Policy Initiative in May 2021, the benefits and market potential of India’s DRE sector are outlined, the current policy and institutional landscape is examined, and recommendations are provided for different stakeholders. REGlobal provides an extract of the report related to financing of DRE projects in India.

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Zimbabwe announces tax exemption for solar energy producers

Zimbabwe announces tax exemption for solar energy producers

April 1, 2021 |

The government of Zimbabwe has announced that it intends to exempt investors in solar energy from paying taxes for a period of five years. The move is targeted at attracting investment from solar energy producers in the country. This new move is set to complement other measures taken by the Zimbabwean government, such as the duty-free import of solar energy production equipment.

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Daystar Power mobilizes $38 million from development partners

Daystar Power mobilizes $38 million from development partners

January 14, 2021 | , ,

Daystar Power, a Nigerian supplier of solar off-grids, has since been helping, along with other companies, to fill this gap. To increase the spread of its solution to households in West Africa, the company recently carried out a financial mobilisation that raised $38 million. The solar off-grid provider will use these funds to expand its activities in West Africa.

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Quality infrastructure key for smart mini-grids

Quality infrastructure key for smart mini-grids

December 16, 2020 |

Mini-grids are complex systems with different suppliers, they are developed for different applications and there is often high regulatory uncertainty regarding their installation and operation. The sustainable market growth and long-term profitability of mini-grid systems requires Quality Infrastructure.

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Nigeria commences installation of off-grid solar systems in the residential segment

Nigeria commences installation of off-grid solar systems in the residential segment

December 1, 2020 |

The federal government of Nigeria has commenced its program of installing solar home systems across 5 million households in the country. After a three-year period, beneficiaries could fully own the solar system and be entitled to a monthly payment of up to $10.49. The program will also foster the development of the local manufacturing industry for the assembly and manufacturing of components.

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The changing energy dynamics in Sub-Saharan Africa points towards an emerging renewable opportunity

The changing energy dynamics in Sub-Saharan Africa points towards an emerging renewable opportunity

May 7, 2020 |

Sub-Saharan Africa is an emerging market that is fast moving towards solar and wind power generation with the potential for battery backup systems. Although in its early stages at present, solar energy is gaining traction on the back of falling costs and greater availability, and is expected to become a major source of additional energy generation in Sub-Saharan Africa.

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