Fall in off-grid solar sales deprives 5m people of access to clean power
The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.
Scatec to drop the ‘Solar’ with hydro acquisition
The renewables business is set to acquire the SN Power hydropower operator belonging to Norwegian state-owned private equity business Norfund, with the $1.17 billion deal expected to go through in the first half of the new year. Scatec said the transaction could offer floating solar opportunities.
Renewable energy education fast changing Nigeria’s employment landscape
Renewable energy training institutes are springing up all over Nigeria, empowering an army of young people with solar technology skills in a country where unemployment is a huge challenge.
Financial closing for 82 MW of PV in Guinea
German developer Clean Power Generation will build three PV plants in two different parts of the West African nation. All of the projects will sell electricity to state-owned utility Electricité De Guinée.
South African platinum mine tenders for 10 MW of solar
Developers have until October 20 to submit bids with the Marula Platinum Mine having lost patience with unreliable power supply from the troubled state electric utility.
Off-grid solar funding concentrated in just three companies
With a previous 50-50 split between equity and debt investment funding for the off-grid market lurching to 84% borrowing, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the prospects for the sector.
Mozambique tenders 120 MW of solar
The Ministry of Mineral Resources and Energy is tendering three solar power projects with capacity of 40 MW each. Mozambican utility Electricidade de Mocambique (EDM) is likely to be the future buyer of the renewable energy generated.
IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
Lumos receives $35 million from DFC to expand renewable energy access to over 1 million Nigerians
Lumos Global has received US$35 million to fund its off-grid solar home systems installation project in Nigeria.
Solar module factory begins production in Burkina Faso
The 30 MW fab will assemble modules with power ratings from 260 W to more than 330 W.
