RENEWABLE ENERGY
-
Kenyan Energy Startup Hydrobox Secures Sh 1.16bn To Scale Mini Grids
Kenyan energy startup, Hydrobox, has taken a big step in its vision to revolutionise rural electrification after securing $9 million (Sh 1.16bn) in debt financing from FMO, the Dutch entrepreneurial development bank. The funding targets to scale Hydrobox’s eight mini-grid projects in a bid to bring underserved communities affordable and sustainable energy. As part of Hydrobox’s mission to electrify remote…
Read More » -
Watt Renewable Secures $15 M Debt Facility for Hybrid Solar Solutions in Nigeria
AFRIGREEN Debt Impact Fund (“AFRIGREEN”), a leading investment fund focused on sustainable energy solutions has announced USD 15 million debt facility with several project companies owned by Watt Renewable Corporation (“WATT”), an independently-owned provider of hybrid solar solutions in Nigeria. AFRIGREEN is backed by prominent institutions including the European Investment Bank (EIB), the International Finance Corporation (IFC), BIO, FMO, Proparco,…
Read More » -
The Nuclear Science and Technology Centre to be planned in Ethiopia
Rosatom signed a contract to develop a feasibility study for the construction of the Nuclear Science and Technology Centre in Ethiopia One of Rosatom’s subsidiary companies and the Ministry of Innovation and Technology of Ethiopia has signed a contract to develop a feasibility study for Nuclear Science and Technology Centre (NSTC) in Ethiopia. “We are working with our foreign partners…
Read More » -
The Egypt’s nuclear power plant is one step closer to the launch
Works for the installation of the core catcher of El-Dabaa NPP Unit 4 in Egypt has recently started. The General Designer and General Contractor of the NPP is Rosatom Engineering Division. The core catcher is a part of the passive safety system, designed to prevent the release of radioactive substances into the environment in the event of a severe accident…
Read More » -
Oslo-based Glint Solar closes $8m to accelerate global solar power adoption
Oslo-based solar developer software Glint Solar, has secured $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler. The solar power industry has seen record growth over the last few years, with the annual global solar PV capacity increasing by 87% between 2022 and 2023. However, more still needs to be done to…
Read More » -
OpenAirlines secures €45m imvestment to accelerate aviation industry’s ecological transition
OpenAirlines, a global provider of eco-flying software solutions, has announced a new milestone in its growth trajectory after raising €45 million from Eiffel Investment Group, leading the operation through its Eiffel Essentiel fund, with the backing of Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investments. Both funds are leading the way in Europe’s energy transition. These two players…
Read More » -
Teraco commences construction on 120MW utility-scale solar power plant
Teraco has announced today that it has started construction of its 120MW utility-scale solar PV power plant in the Free State province of South Africa. In a world first for data centre operators, Teraco will own the 120MW solar PV plant and wheel the renewable energy to its data centres, with the plan to create its own sustainable energy source to power…
Read More » -
Afstor Appoints New Leadership to Drive Sustainable Solutions in Sub-Saharan Africa
Afstor Oy, a leading technology developer in renewable energy solutions has announced a new leadership team and a strategic business plan aimed at expanding its impact in the solar cooking market. Nina Harjula will assume the role of CEO and partner with Kimmo Rauma as the new Chairman of the Board. Harjula joins Afstor from Danfoss Editron, where she has…
Read More » -
KenGen reveals an ambitious 10-year plan to fast-track green energy expansion
Kenya Electricity Generating Company PLC (KenGen) has unveiled its bold G2G Strategy 2024–2034, a visionary roadmap aimed at spearheading Kenya’s transition to a sustainable and green energy future. The strategic plan cements KenGen’s position as a trailblazer in renewable energy, with a clear focus on expanding geothermal, wind, and solar investments, advancing operational efficiency, and integrating cutting-edge technology for the good…
Read More » -
NCBA Leasing LLP Offers Lease-to-Own for Solar PV and Executive Vehicles
NCBA has introduced two leasing solutions to the market: Solar PV and Executive leasing solutions. The bank, through its subsidiary, NCBA Leasing LPP, aims to lead by providing businesses with flexible financing solutions to transition to renewable energy, reduce their carbon footprint, and lower energy costs. Compared to similar solutions in the market, NCBA Leasing will offer customers longer leasing…
Read More »