Yellow Door Energy, a UAE-based leading solar developer, announced today that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions in the Middle East and Africa. This is one of the Middle East's largest private placements in distributed solar.
EDF and CONERGIES-GROUP announced the partnership to jointly develop and deploy groundbreaking energy efficiency solutions in refrigeration and air conditioning for industrial and tertiary customers in West Africa.
M-Kopa and Jaza Energy take different approaches, but their founders agree there is plenty of room for expansion in East Africa
The investment will be made into a larger equity fund which seeks to develop 533 MW in the market, which currently has the lowest rate of access to electricity in the world. Even small capacity additions can bring economic impacts to many people.
The World Bank assisted Agro-Processing Productivity Enhancement and Livelihood Support in Kogi state is set to equip 10,000 farmers in 6 participating states with $200 million grant.
At a site in the Western Desert, some 650 km south of Cairo, one of the world’s largest and most ambitious solar energy projects is underway.
Ethiopia’s Ministry of Finance has announced the issue of an international bid for six mega solar projects worth $800 million, with an estimated capacity of around 750 megawatts.
Approximately 75% of Kenyans have access to electricity from grid and off-grid sources, according to the World Bank, but the Kenyan government wants to increase that to 100% by 2022. The Kenya National Electrification Strategy references mini-grids, independent solar power plants, and off-grid technology as options to utilize. About 49 million people live in Kenya, and most of them are in rural areas.
Kampala-based off-grid solar company SolarNow has closed its largest receivables financing facility to date, with SunFunder, Oikocredit and responsibility.