Market News

Off Grid Electric, a micro-solar leasing platform for Africans, has raised $45 million in debt financing for solar power and battery storage. The Packard Foundation, Ceniarth, Calvert Foundation and other family offices will lend up to $40 million to the fund. The US Agency for International Develop . . .

 Nigerian vice-president Yemi Osinbanjo has signed an agreement with the UK government to increase the deployment of solar energy to the West African country’s rural communities solar succo pixabayThe campaign intends to accelerate the development of Africa’s emerging solar market, . . .

 leading Chinese solar products manufacturer, JA Solar Holdings Co., Ltd., has been awarded a contract to supply 100MW of photovoltaic solar modules in Zimbabwe.   The project will be made up of combined installed capacity of 300 MW given that the solar modules will be supplied to one of . . .

 The South African Department of Energy (DoE) has issued the request for bids of solar water heater systems as part of a national solar geyser roll-out.   The systems are to be procured in phases and with a number of them having been installed under a rebate scheme previously administere . . .

 Japan will fund  the construction of a solar power plant in Egypt in a move aimed at enhancing energy the  sector in the country Foreign Minister Sameh Shoukry  has announced.The solar power plant will be constructed at a cost of $US 100 million.   The power plant will ha . . .