African Power Platform - News

Churchill Downs rolls-out $400m development projects

"We are excited to partner with the PaygOps team to expand the reach of our product to customers who are sensitive to the initial investment. It has been a very positive experience so far and is essential to our mission of making cooling accessible to everyone," says Ayula Dominique, CEO and co-founder of Koolbox.

Harnessing the natural power of the sun and water, Koolbox has developed a truly innovative product for the sub-Saharan African market. It is the Koolhome Solar Cooler, which can provide continuous cooling for up to four days in places without electricity and sunlight, and has an external LED light for night lighting and two USB ports for charging mobile phones. This is made possible by the innovative ice battery. During the day, ice is stored in the ice battery by solar power instead of lithium batteries, and is used at night when the sun is out. This solution reduces production costs by more than 40% and increases energy efficiency.

To reduce the high cost of owning a solar refrigerator, Koolhome solar freezers have incorporated PAYGO technology, which allows customers to pay for cooling services in installments. This is powered by Solaris Offgrid's OpenPAYGO token application, which works by generating a token. The user enters this token into the device (refrigerator) via a keypad to run the refrigerator for a certain period of time.

Thanks to the OpenPAYGO token, an open source solution developed by Solaris Offgrid and EnAccess Foundation, Koolboks' solar coolers are now paygo-enabled, providing flexibility and affordability to last-mile customers through easy installment payments. In addition, by integrating with Paygo software such as PaygOps, distributors of Koolboks products can efficiently manage their last-mile operations with advanced lease financing, sales, after-sales and inventory management capabilities.

"PaygOps is on a mission to expand access to essential services beyond SHS. Access to refrigeration/cooling services is a critical commodity for farmers, small business owners and households, and the services Koolboks provides are critical to many people. We are honored to help Koolboks expand their business through Paygo's technologies such as Openpaygo Token and PaygOps.

About Solaris Offgrid: Solaris Offgrid helps solar energy distributors achieve strong customer traction and investor engagement through flexible and comprehensive paygo solutions designed for last-mile businesses. Taking a bottom-up approach to designing solutions and creating synergies with a strong partner network to solve last-mile challenges, the company has already deployed Paygo solutions in around 20 countries through its Solaris Offgrid Insours Software Solution, paygops, built "in the field, for the field" and its product design services. A leading reference in the solar offgrid market, PayGOPS is designed to provide modular and interoperable solutions to address offgrid energy access challenges and distribution complexities.

About Koolboks: Koolboks is a technology startup based in France with a branch in Nigeria that aims to democratize the way people experience cooling. Its mission is to make cooling affordable and accessible to everyone by providing solar cooling devices. Koolboks' first product, Koolboks Coolers, is sold in 70 stores worldwide and has received widespread attention from publications such as GQ, Le Figaro, Forbes, BFM News, Journal du Geek, and Le Parisien. To specialize and diversify into the sub-Saharan African market, they founded Koolhome. Koolboks aims to use their technology to better humanity and increase access to clean energy.

Spacecom and Ignite Power Sign Strategic Partnership to Provide Connectivity Solutions Across Africa

12 October 2020: Spacecom (Tel Aviv Stock Exchange: SCC), operator of the AMOS satellites fleet and Ignite Power, a Pan-African developer of vital infrastructure projects, are pleased to announce the signing of a Strategic Cooperation Agreement. Under the new agreement, the companies will collaborate to install e-Health connectivity solutions in remote clinics, which will provide local medical teams with immediate access to physicians around the world, as well as data analysis over the cloud. Using designed-for-solar medical devices and systems and satellite connectivity, all will be powered by cost-effective off-grid solar systems. With the support of global medical experts, doctors and paramedics in these rural areas will have the opportunity to expand their reach and knowledge to new treatments and procedures.

For billions of people in developing countries, access to the Internet and advanced digital services remains a distant dream. It is precisely those who need it most who live without enjoying the enormous benefits that the information revolution has made possible, and the gap between developing and developed countries continues to widen. Together, Spacecom and Ignite are determined to make a difference and create a new reality that provides digital equality.

The solutions include Spacecom's advanced high-progression satellites, IGNITE's high-progression and sustainable high-performance satellites, and IGNITE's solar-powered and diagnostic solutions for communications. This mutual solution will enable efficient infrastructure underlying digital communities and services in rural areas, and is poised to create thousands of jobs while empowering a generation of students with new skills and distance learning opportunities through e-learning platforms.

AMOS-17 will operate in sub-Saharan Africa, providing C-band HTS, Ka-band and Ku-band coverage, enabling a combination of wide area links and high performance points that maximize throughput and spectral efficiency. It was specifically designed to meet the rapidly expanding requirements of communications and digital transformation in Africa, but until today, many remote communities have been unable to enjoy these benefits due to a lack of reliable electricity supply. Until now.

Ignite Power has deployed extensive and efficient solar power generation across Africa, already providing electricity to 1. 5 million un-electrified rural residents and over 10, 000 villages through affordable solar home systems. All standard home system packages include a USB charger, long-life lithium battery, life-extending charger, rechargeable radio and stationary lamp.

Dan Zajciec, CEO of Spacecom, said today: "Bringing internet connectivity to rural areas in Africa is a priority for us. Our partnership with Ignite Power is a major step towards pan-African transformation. It's an honor to make a difference in people's lives, and it's invaluable to see progress being recognized for something that seems insignificant to most projects."

"The combination of off-grid solutions and advanced communications systems is almost a given, enabling an immediate, affordable, and reliable solution to one of Africa's most significant challenges today," said Ignite CEO Yariv Cohen. "Internet access has tangible potential for large-scale impact. We are excited to partner with a global technology leader like Spacecom. Together we will drive the realization of this potential and lead Africa to a brighter, more inclusive future."

World’s first long-range wireless transmission project to be presented at Africa Energy Forum

14 October 2020: The Africa Energy Forum will host a special presentation on 21 st October at 9am (UK time) by EMROD CEO and Founder Greg Kushnir, demonstrating the world’s first ever long-range wireless transmission project, currently operating in New Zealand.

Emrod has developed the world's first commercially viable long-distance, high-power wireless power transmission as an alternative to existing copper wire technology.

Emrod's technology uses electromagnetic waves to transmit power wirelessly over long distances safely and efficiently.

"Being able to transmit high power electricity without wires is a breakthrough for the continent. It means a barrier to energy access has been removed and Africa could be fully electrified within 10 years. This is technology that millions of people have been waiting for." Simon Gosling, CEO of EnergyNet

The company was founded by serial technology entrepreneur Greg Kushnir, who was determined to find technology that would reduce energy distribution costs, avoid blackouts, and support renewable energy.

"Clean hydro, solar, and wind energy is abundant around the world, but delivering this energy in traditional ways is costly - for example, offshore wind farms and, here in New Zealand's Cook Strait, undersea cables that are costly to install and maintain.

"I wanted to find a solution to move this clean energy from where it's abundant to where it's needed in a cost-effective, environmentally friendly way."

While energy generation and storage methods have advanced significantly over the past century, power transmission has remained largely unchanged since Edison, Siemens, and Westinghouse first installed copper-based power grids 150 years ago.

By reducing infrastructure costs, Emrod's technology has the ability to support remote communities like those in Africa and the Pacific Islands by providing access to cheap, sustainable energy to power schools, hospitals, and economies.

"The data is compelling: Emrod's solution could increase sustainable energy use by 50%, reduce power outages by up to 85% and cut power infrastructure costs by 65%.

"Since announcing Emrod's technology, we've seen strong interest from electricity distribution companies and engineering firms around the world. We're advancing exciting opportunities to improve energy access for remote communities in India, Africa, island nations and more," Kushnir added.

The company has seen strong interest from electricity distribution companies, including New Zealand's second-largest electricity distribution company, PowerCo, deciding to invest in a working proof-of-concept technology today.

Kushnir commented: "The system we are currently building for PowerCo transmits a few kilowatts of power, but using the exact same technology, we can transmit 100 times more power over much longer distances. A wireless system using EMROD technology can transmit whatever amount of power that a current wired solution can transmit."

More about this session

Event name Africa Energy Forum 2020 (online)

Date: 20 October - 13 November 2020

Session time: 21 October 09:00 (UK time/GMT)

Sunkofa, a mini-grid developer and operator, secures first equity funding raise with Gaia Impact Fund

16 October 2020: Sunkofa Energy develops and operates solar mini-grids, aiming at giving access to energy to inhabitants in Africa living in off grid areas. Sunkofa Energy focuses on in-house operations, customer management, demand stimulation activities and training of local talents, targeting to provide people with the means to climb the energy ladder via innovative solutions related to electricity (refrigeration, milling, internet…).

Sankofa Energy has successfully secured its first equity investment from the Gaia Impact Fund. This funding will enable Sankofa Energy to further expand into key markets in sub-Saharan Africa, particularly in West and Southern African countries. This achievement will support the company's expansion as it aims to provide access to electricity to more than one million sub-Saharan Africans in the medium term. Demand for reliable, clean and affordable electricity continues to grow in sub-Saharan Africa, where more than 600 million people lack access to electricity, about 80% of whom live in rural areas (according to the International Energy Agency).

The company was recently awarded the contract by the US development finance institution Millennium Challenge Corporation (MCC) to build one of the largest solar mini-grid projects in West Africa. Sankofa Energy has a number of projects in other regions to be developed over the next few years.

"Sankofa Energy is pleased to partner with Gaia Impact Fund to provide renewable rural energy to rural areas in Africa. Juan Garcia Montes, CEO and co-founder of Sankofa Energy, said: "Our experience and expertise in rural electrification to provide reliable and clean energy solutions focused on productive uses, together with Gaia Impact Fund, will help us to become an economic and social development agent in the countries where we operate.

Hélène Dumaegde, Chairperson of Gaia Impact Fund, commented: "We are very pleased to join Sankofa's business adventure. We are very impressed with the team's commitment to the development of the mini-grid project and are convinced that they will pursue their goal of providing people with the means to step up the energy ladder through innovative electricity-related solutions. Without a doubt, our values and objectives are aligned."

Guilhem Dupuy, Investment Manager of Gaia Impact Fund, said: "Sunkofa "The team brings a unique skill set to the mini-grid sector in Africa," said Sankofa Energy.

Antoine Weil, CFO and co-founder of Sankofa Energy, added: "Throughout the investment process, the Gaia Impact Fund team has demonstrated the agility, creativity and commitment required by our shareholders to help Sankofa Energy navigate the unique challenges and opportunities in Africa. We are excited to embark on this journey with Gaia Impact Fund."

Finergreen acted as exclusive financial advisor to the equity round, with manager Jean-Jacques Ngono explaining: "We have strong confidence in this experienced team and the business model they have developed. We are honored to participate in this initial share issue that will enable us to expand on the continent, together with a qualified core investor like Gaia Impact Fund."

Asafo & Co. acted as legal advisor to Sankofa Energy and Numa Avocats acted as legal advisor to Gaia Impact Fund in the transaction.

Henri-Olivier Essienne, consultant at Asafo & Company, said: "This transaction confirms the relevance of pursuing venture capital and private equity transactions in the African renewable energy sector, more than ever, despite the Covid crisis."

About Sunkofa Energy: Founded in 2018, Sunkofa Energy was founded by a veteran team of energy access experts with a cumulative 20 years of experience in projects in sub-Saharan Africa. Sunkofa plays a leading role in attracting new business models in energy access and applies its capabilities to innovate and scale mini-grid operations in Africa. For more information, please visit: www. sunkofa. energy.

About Gaia Impact Fund: Gaia Impact Fund is a French impact fund dedicated to energy access entrepreneurs. Gaia invests in start-ups and SMEs active in sub-Saharan Africa and Southeast Asia, working in various sectors, including solar kits, productive use of electricity, mini-grids, commercial and industrial solar installations and cleantech. Gaia Impact Fund was founded by a group of entrepreneurs specializing in renewable energy and social impact investing. Since 2017, Gaia has supported 10 innovative companies in emerging countries and actively pursues investment strategies with strong social and environmental impact. For more information, please visit: www. gaia-mpactfund.

About Finagreen: Finagreen is an international financial consultancy boutique specializing in the renewable energy (solar, wind, hydro, biomass and storage) sector. Founded in 2013, it has completed €2. 1 billion in transactions across more than 6GW of assets. With a team of more than 50 lawyers based in Paris, Madrid, Budapest, Dubai, Singapore, Mexico, Abidjan, Nairobi and Singapore, it operates through three main divisions: Project Finance, M& A and Strategic Advisory. For more information about Finagreen, please visit www. finergreen.

About Asafo: Asafo & Co. is an international law firm established to provide a unique and comprehensive range of world-class legal services specialized in Africa-related business activities. With a team of more than 150 lawyers based in Abidjan, Casablanca, Johannesburg, London, Mombasa, Nairobi and Paris, Asafo & Co. works on complex and extensive transactions, financings and dispute resolutions across a wide range of sectors, including energy. Traditional and renewable energy, infrastructure, natural resources (mining, oil and gas), telecommunications, banking and financial services. Asafo & Co. regularly acts for governments, government-linked companies, private investors, developers, commercial banks, development banks, development finance institutions and investment funds. For more information about Asafo & Co., please visit www. asafoandco.

About Numa Avocats: Numa Avocats is an independent business law firm operating in Aix-en-Provence, Marseille, Paris and Shanghai. Numa Avocats lawyers advise small and medium-sized companies, international groups, entrepreneurs, managers and institutional investors on complex and strategic transactions in all aspects of business law, in particular on acquisitions, private equity, financing, contracts, tax and employment. For more information about Numa Avocats, please visit www. numaavocats.

Hivos-Triodos Fund invests in Amped Innovation through AlphaMundi's investment fund AlphaJiri

19 October 2020: Early 2020, Triodos IM - through its Hivos-Triodos Fund - partnered with Switzerland-based AlphaMundi Group and anchored the USD 21 million AlphaJiri Fund. The fund targets SMEs in sustainable agriculture and renewable energy in East Africa and recently finalised its first equity investment in Amped Innovation.

AMPED is revolutionizing affordable high-power products for low-income, non-electrified households in sub-Saharan Africa. The company works with distributors in seven sub-Saharan African countries to provide electricity to more than 60, 000 low-income households by supporting productive appliances that allow people to charge their phones, power their shops, preserve vegetables, irrigate their crops, and more.

With this investment, Ampudo will support the development of hig h-efficiency and affordable new generation of DC electric appliances for lo w-income households, and develop teams for sales, manufacturing, and engineering. This promotes the growth of amplifier as a B2B energy and home appliance company, and has a vision of energy access for everyone.

Alphamundi's senior associate Diana Irung said: "We are very happy to be able to add amplifier innovation to the ALPHAJIRIRI FUND portfolio. Supported by innovative teams with high skills, the company designed hig h-performance and affordable products. -The manufacturing has made a great deal of progress with our support to promote the energy access of lo w-income households in Africa. I am convinced that it will provide more innovative products that can improve the quality of life and reduce energy poverty.

HIVOS-TRIODOS fund manager Karel Nielop: "Approximately 600 million people are not available in Africa, south of Sahara. In Africa south of Sahara, about 600 million people can access energy. No of f-grid solutions are the best way to supplies a reliable power with local partners. Can be given.

About Alpha Jiri Fund: Alpha Jiri Fund provides dead, mesnindet and equity investment for small and mediu m-sized businesses, and is initially focused on East Africa. The fund is operated by Alpha Mundi's local team in Nairobi, Kenya. Triodos Investment Management supports governance and operation. Switung ABENDROT, Switzerland's sustainable pension fund, is also the main investor of the fund. < SPAN> Ampudo will support the development of new generations of new generations of hig h-efficiency and affordable prices for lo w-income households, and develop teams for sales, manufacturing, and engineering. This promotes the growth of amplifier as a B2B energy and home appliance company, and has a vision of energy access for everyone.

Announcing the operationalisation of a new business model to scale up renewable energy in Zambia and subsequently other countries in Southern Africa

27 October 2020: Africa GreenCo Group, together with its Lusaka-based operating company GreenCo Power Services (together GreenCo), is delighted to announce the investment of USD 1.5m by Denmark’s Investment Fund for Developing Countries (IFU) and Private Infrastructure Development Group’s InfraCo Africa (InfraCo). This investment completes GreenCo’s operational establishment in Lusaka as an intermediary renewable energy buyer/supplier and power services provider and is a precursor to the 2021 capitalisation of our credit support for IPPs.

About Alpha Jiri Fund: Alpha Jiri Fund provides dead, mesnindet and equity investment for small and mediu m-sized businesses, and is initially focused on East Africa. The fund is operated by Alpha Mundi's local team in Nairobi, Kenya. Triodos Investment Management supports governance and operation. Switung ABENDROT, Switzerland's sustainable pension fund, is also the main investor of the fund. With this investment, Ampudo will support the development of hig h-efficiency and affordable new generation of DC electric appliances for lo w-income households, and develop teams for sales, manufacturing, and engineering. This promotes the growth of amplifier as a B2B energy and home appliance company, and has a vision of energy access for everyone.

GreenCo's transformational role is to mobilize large-scale private investment in renewable energy, strengthen the country's and the Southern African Power Pool's (SAPP) electricity markets, and facilitate a move away from the current single-buyer model. The region has great potential for renewable energy and urgently needs more electricity generation to support economic recovery and provide clean, affordable energy to its citizens. GreenCo's model brings important innovations to the electricity market architecture, partnering (rather than competing) with existing industry players to deliver better value in terms of increased electricity generation and improved security of supply. GreenCo and its investors are committed to supporting the Government of Zambia and other governments in the SADC region to open up their electricity markets. The company's activities contribute to the realization of the Zambian government's power sector vision as outlined in the 2019 National Energy Policy and the subsequent new legal and regulatory framework for the energy sector. This is a key step to scale up investment in renewable energy and contribute to climate change mitigation, improved security of supply and growing electricity demand. Zambia's Minister of Energy, Matthew Nkwa, said: "GreenCo's operation is an excellent example of national action and international cooperation to provide affordable energy for all. Despite the current global economic uncertainties due to the COVID-19 pandemic, it is important to plan for a future in which renewable energy can help promote sustainable social and economic development in Zambia."

Minister of National Development Planning, Alexander Chiteme, said: "Today, a real paradigm shift towards sustainable, low-emission and climate-resilient development is needed to mitigate the adverse effects of climate change on the sustainable growth and development of Zambia and the Southern African region. We are pleased to work with GreenCo and key collaborating partners in Zambia to ensure that new business models, innovations and systemic change are realized on the ground and felt by those who need it most. Through this model, we can raise significant amounts of capital needed to harness Zambia's abundant renewable energy resources."

According to the IFU's CEO, CEO, "Greenco is an innovative business model and provides solutions to reduce financial risks in renewable energy."

According to Infraco Africa's CEO Gilles Vaes, "Interimperson and Greenco's initiative are very innovative, and in cooperation with the main players of Zesco and other power sectors, Zambia's power sector will be preparing for the future. I will help. " The development of new renewable energy power generation in Zambia is a major issue, and it is necessary to combine the power of initiative like Greenko. We look forward to working with Greenko and supporting the start of operation. "

According to the CEO of Zesco's Victor Mundende (CEO), "The innovative solution like Greenco provides a substitute for ESI in Zambia to make the power generation project easier. We are looking forward to realizing a useful business model by cooperating with Greenko to promote the maturity of the power market and promote power transactions. "

Greenko's Ana Ha j-duka CEO added: "I would like to thank" I borrowed this place, thank the Zambian government, industry partner, and especially IDC's leadership. I am very grateful to the financial institution for supporting the NDA/MNDP, EAZ, and the continuous support of the IFU and the infrastra Africa. It is an irreplaceable thing, and applauds the continuous support of the partnership that supplies Clean and inexpensive power. > IFU's CEO of IFU's CEO (CEO) stated: "Greenco is an innovative business model and provides solutions that reduce financial risks in renewable energy. "

Africa Energy Forum: IPP Office Head Tshifhiwa Bernard Magoro and Eskom CEO André de Ruyter to co-chair energy roundtable with investors

30 October 2020: For the first time, Eskom CEO André de Ruyter and Tshifhiwa Bernard Magoro, Head of South Africa’s IPP Office will Co-Chair an intimate boardroom on 2 nd November during the Africa Energy Forum.

Greenko's Ana Ha j-duka CEO added: "I would like to thank" I borrowed this place, thank the Zambian government, industry partner, and especially IDC's leadership. I am very grateful to the financial institution for supporting the NDA/MNDP, EAZ, and the continuous support of the IFU and the infrastra Africa. We are irreplaceable, applauding investors' continuous support to Zambia's clean and inexpensive power. "Greenco is an innovative business model and provides a solution to reduce financial risks in renewable energy," said Torven Hus's CEO (CEO):

Greenko's Ana Ha j-duka CEO added: "I would like to thank" I borrowed this place, thank the Zambian government, industry partner, and especially IDC's leadership. I am very grateful to the financial institution for supporting the NDA/MNDP, EAZ, and Greenko so far, and the investment of IFU and infrastructure Africa. It is irreplaceable, and applauds the continuous support of investors to provide a clean and inexpensive power to Zambia.

Greenco's innovative business model was incubated with the Rockefeller Foundation, Convergence, and P4G subsidies and strategic advice. Greenco is also supporting Sadc PPDF through Southern African Development Bank and Power Africa (Power Africa), and Africa GREENCO is a private sector partner. In December 2018, the French Development Agency (AFD) board of directors approved the provision of AFD to provide a guarantee to Greenco. This is the following that the European Commission approved the warranty in June 2018 through the European Sustainable Development Fund (ESDF) based on the EU's foreign investment plan.

About IFU: IFU, an independent government fund, is an independent government fund and offers advisory services and venture capital to companies that develop business in developing countries and emerging markets. Investment is made under commercial conditions with the aim of creating economic and social progress and supporting sustainable development goals. For more information, see https: // www. Ifu. DK/JA/ABOUT-IFU/.

About INFRACO AFRICA (PIDG): Private infrastructure development groups (PIDG) encourage private investment in innovative infrastructure in Africa and Southeast Asian border markets south of Sahara to promote economic growth and poverty reduction. , Moved innovative infrastructure development and loan organization. PIDG has realized its ambitions in accordance with the values of opportunities, accountability, safety, honesty, and impact. Since 2002, PIDG has supported 157 infrastructure projects for economic closure and has provided 29 million new or improved infrastructure. PIDG has been funded by the si x-country government (UK, the Netherlands, Switzerland, Australia, Sweden, Germany) and IFC. PIDG TA can provide PIDG companies with technical support and capital subsidies to meet the various needs related to the life cycle of the infrastructure project. PIDG TA also provides a pr e-executable gap loan subsidy to support a PIDG project that requires a loose loan to make a project with a strong development effect can be funded. You can do it. See www. Pidg. Org for details.

InfraCo Africa is part of the Private Infrastructure Development Group (PIDG). InfraCo Africa aims to alleviate poverty by mobilizing private investment in quality infrastructure projects in the poorest countries of sub-Saharan Africa. InfraCo Africa addresses the risks and costs of early stage project development by funding a team of experienced developers and providing venture capital to projects that require the financial commitment and leverage that InfraCo Africa can provide. InfraCo Africa is funded by the UK Government (through FCDO), the Dutch Government (through DGIS) and the Swiss Government (through SECO). For more information, please visit www. infracoafrica. com.

Sun Exchange Announces African Expansion with 1.9 MW Solar-Plus-Storage Project for Nhimbe Fresh

About GreenCo: The GreenCo Group in Africa, through its entity GreenCo Power Services Limited, acts as an intermediate supplier and service provider, purchasing electricity from renewable energy sources and selling it to power utilities, private sector beneficiaries (commercial and industrial users) and the SAPP market. GreenCo mitigates buyer default risk through securing alternative buyers and short-term trading in the SAPP electricity market. Through participation in competitive electricity markets, GreenCo facilitates cross-border electricity trading and a more dynamic and liquid short-term electricity market. Through its activities, GreenCo expands the supply and demand of energy project finance and mobilizes private capital more quickly for significant and transformative power generation capacity additions. For more information, please visit https://africagreenco. com/.
Forum Programme Manager Sidika Mohammed commented: "The couple have been discussing this meeting for a few weeks now and have emphasised how important it is for them to sit down with investors and discuss how this relationship will work for the coming years.

10 November 2020: Sun Exchange, the world’s first peer-to-peer solar leasing platform, today announced its expansion into sub-Saharan Africa with the launch of the crowdsale for Phase 1 of a multiphase 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh, a premier exporter of fresh produce in Marondera, Zimbabwe. This will be the largest Sun Exchange solar installation to date and the first outside South Africa.

Recent months have seen a significant shift in the relationship between the two industry players with Eskom fully supporting the IPP Secretariat's regulatory approval of its 11. 5GW round 11. 5GW procurement programme. The move comes directly from Eskom's CEO, who continues to address the challenges facing the state-owned power utility with a clear message."

The meeting on 2 November is an opportunity for the two leaders to sit down with investors and discuss how to move the relationship forward.

In the conference room, GlobeleQ's business development director John Smeluser will be the host, the IPP Secretar y-General and the ESKOM CEO will be the chairman, and the leadership team of both organizations will meet.

ESKOM & AMP; IPP Office Event in Africa Energy Forum
Date and time November 2nd (Monday) Grinic Standard time 12:00

Note: This session is limited in order to enable comprehensive dialogue due to the nature of the conference room.

Participation registration: https: // bit. LY/3IBLEXL

Media registration: https: // bit. Ly/3mzdyru

Media Inquiries: Amy Oford | This email address is protected by spambot. You need to enable JavaScript to browse.

After the 4 million dollar financing series in June, Momentum Exchange Exchange has expanded to Africa south of Sahara.

A luxurious solar sale phase 1, a luxurious solar sale phase 1, to supply power to NHIMBE FRESH, a major exporter in Zimbabwe of fresh food, will begin this week.

This announcement was a 4 million dollar series A financing round after San Except for $ 3 million from San Except for Arch Emerging Partners Limited Referable Power Fund (ARPF). It shows a rapid progress for the African expansion goal south of Sahara when the end is announced.

Mult i-step solar battery projects will supply power to NHIMBE's fresh packhouse and cold store facilities (first steps), pump sites (second steps), and Churchill Farm (third stage). The introduction of continuous and reliable electricity, which is lower cost than diesel generators, predicts that the energy cost of new facilities in NHIMBE will be reduced by more than 60 % annually and the amount of carbon dioxide emissions will be reduced by more than £ 1 million per year. It is done.

Camco Clean Energy joins Green Climate Fund’s list of accredited entities

11 November 2020: Camco Clean Energy (Camco) had been approved as an accredited entity by the Green Climate Fund (GCF) at the 27th Board meeting being held this week.

This Solar project has achieved many other important first businesses for San Extrium:

The first project with energy storage capacity: The three project sites are integrated with the 3, 9 MWH battery system, and NHIMBE Fresh can be operated continuously with solar power. As a result, the burden due to the shutdown of the transmission network may be reduced, which can reduce the income of hundreds of thousands of dollars per year and reduce additional expenses.

In order to reduce the risk of the first project on the mitras exchange, solar cells are leases to NHIMBE fresh at a fixed US dollar price, and the internal profit ratio (IRR) of solar cells is expected to be 12, 33 %. The best in the helium replacement project.

In a ti e-up with United Exports, Czon, and Global Fresh, NHIMBE FRESH is a blackberry, raspberry, strawberry, stone fruits, peas, snow peas, the United Kingdom, European Union, the United Arab Emirates, and South Africa's major international food retailers. It is exported. In April 2019, the company issued a $ 29 million convergenc e-type fiv e-year bond, and the Africa's leading asset management company Old Mutual Investment Group has undergone a total of.

Ninbe Fresh has a strong interest in sustainable and surrounding areas. The company operates a no n-cultivation program in cooperation with 250 micr o-farmers who receive special training and support and gain enormous access to the export market. The company also provides employees with clinical and childcare facilities, provides sports funds, and participates in the Youth Empowerment Program in Agriculture.

"Ninve Fresh recognizes mutual dependencies with the surrounding communities and the environment in Ninve Fresh," said Edwin Machimba Moyo, the only shareholder of Ninbe Fresh Corporation. Our vision is to pursue a greater cause and use solar power through sustainability and environmental responsibilities. Is an important step toward that vision, minimizing energy costs and climate impacts, and enhancing our resilience and business continuity by continuing business in the event of a power outage. It's a thing. "

According to the founder Abraham Cambridge, the founder of Sun Exchange, CEO: "Agriculture accounts for about 23%of Africa's GDP south of Sahara. Important sector is a supe r-simple and affordable price, such as unstable power supply, up of electricity, drought with climate, and restrictions on clean energy finance. Directly address these issues by facing reliable solar power.

According to Davis Mussa, head of the alternative investment department of the Old Mutual Investment Group Zimbabwe, said: "Ninbe Fresh is a conscientious, climate change and a local communit y-friendly approach. By hiring, it has built up a hig h-prosperity and reliable agricultural business, is a leader in sustainability and resilience, and stands out as a model.

Sun Exchange sells solar cells through its online platform to over 19, 000 Sun Exchange members in 168 countries worldwide, who then lease the solar cells to schools, businesses and other organizations in sub-Saharan Africa. Solar cell owners offset their carbon emissions by earning income from the clean electricity generated. As a result, businesses and organizations can go solar at no cost, minimizing their energy costs and climate impact.

About Sun Exchange: Sun Exchange is the world's first peer-to-peer solar leasing platform. By harnessing economic innovation and the power of the crowd, Sun Exchange makes the environmental, social and economic benefits of solar energy accessible, affordable and accessible to everyone. For more information, please visit www. thesunexchange. com.

About Nimbe Fresh: Nimbe Fresh is a leading African exporter of blueberries, raspberries, strawberries, stone fruits, peas and snow peas, pioneering new ways to do business profitably through sustainability and environmental responsibility. For more information, please visit https://nhimbefresh. com/.

CAMCO, as an accredited entity, can submit proposals to the GCF and oversee, manage and monitor approved proposals.

Acumen and Green Climate Fund Boost COVID-19 Relief in Off-Grid Energy Access

12 November 2020: With a $30 Million Investment for Sub-Saharan Africa, Green Climate Fund joins a Coalition of Investors and Donors to protect the Progress made in achieving Universal Energy Access.

The GCF was established in 2010 by the United Nations Framework Convention on Climate Change (UNFCCC) and is the world's main mechanism to help developing countries reduce greenhouse gas emissions and strengthen their capacity to adapt to climate change.

The second replenishment of the GCF has just surpassed the pledge of US$10 billion, and the fund has already committed more than US$7 billion to climate action, with accredited entities ranging from the world's largest development banks to micro-organizations. The accreditation will enable CAMCO to propose low-to-medium risk private sector-based projects and programs of up to US$250 million in any developing country.

Commenting on the GCF Board's approval, Camco CEO Jeff Sinclair said: "We are pleased and proud to be welcomed as a GCF accredited entity and are committed to supporting the GCF's goal of creating a paradigm shift in the goals of the Paris Agreement.

"I would like to thank the GCF secretariat, certified team, and Miles Austin of Advisory 42. From now on, many exciting and innovation in many excitement, which supports the active relationship of private sectors, which is essential as a catalyst for larg e-scale climate change measures. It is time to start the work of presenting a concept note for GCF. "

For more than 30 years, Camco has provided innovative financial solutions and management services that enable renewable energy development and climate change funds. The headquarters is located in Acula, Helsinki, Johannesburg, London, Nairobi, and leads the world experience and the world in the development, development, financing, and implementation of renewable energy and electrification projects in developed and existing markets around the world. He has financial expertise.

Bamboo Capital Partners, the Government of Madagascar and the World Bank partner to launch USD$40 million energy access fund for Madagascar

Since 2015, Camco has been an investment manager of the Renewable Energy Energy Platform (Renewable Energy Platform) and supports the development of small distributed renewable energy in African countries. It is a fund.
"Because it is a relatively small company, you have the freedom to act quickly and agile. This is often out of the range of many larg e-scale businesses certified by GCF, small and distributed in developing countries. Sinclair is an important qualities for the development of the type renewable energy market. "
"In combination with our team's diverse experience in finance and investment, risk management, engineering, policies, sustainability, etc., we can prove that it will be a very useful tool box in GCF. I am convinced. "
The Green Climate Fund (GCF) is the world's largest climate change fund. GCF's mission is to promote a paradigm shift to a development route that is resistant to climate change due to low emissions in developing countries. GCF has more than $ 6 billion projects and program portfolios in more than 100 countries. GCF also supports countries to form a lon g-term plan for fighting climate change, and also provide preparation support programs to build abilities. The GCF is the management of the Funds of the UN Conditions (UNFCCC), contributing to the 2015 Paris Agreement by supporting the goal of suppressing the average average temperature rise to less than two times.

16 November 2020: Bamboo Capital Partners (‘Bamboo’), the impact investing platform, has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund (‘OMDF’ or ‘the Fund’), a USD$40 million renewable energy access fund.

About Camco Clean Energy: Camco Clean Energy (CAMCO) is a FC A-approved fund manager specializing in the important impact of climate change finance and sustainable development in emerging markets. With the lon g-standing status in the renewable energy department in Africa, the company provides project developers and sponsors a reliable combination of global access and local presence, and appropriate financing solution for project development and construction. It is possible to procure.

CAMCO was established in Nairobi 30 years ago, and has since provided creative loan solutions for 180 projects equivalent to $ 15 billion.

This week, the Green Climate Fund (GCF) Board has approved $ 30 million in the energy access embossed facility, a fund to support off-grid energy companies through the great trends of COVID-19. 。 Ascumen has become a global partnership between investors and donors to realize the fund as an of f-grid energy access pioneer. This support from GCF is an important milestone in important initiatives to maintain this sector.

For the past decade, of f-grid energy companies have supplied 470 million inexpensive and rehabilitated power to 470 million. The pandemic financial crisis shakes the foundation of these companies, threatens its development, and not only threatens access to of f-grid families, but is still waiting for electricity. It is also threatening such access. The crisis also threatens the ability of the SDG7 "Universification of Clean Energy" and the ability of the entire sector to achieve access to many other SDGS that depends on energy access.

Since March, Acumen, a long-standing partner in GCF, activates investors, donors, and advisor coalitions, responding to the influence of COVID-19 in this sector, in Africa and South Asia, south of Sahara. We have been providing support to protect the development of energy access business. In the energy access sector, demand and sales have declined, staff dismissed, and business closure has been hit nearly on e-third of the market. As the second wave of the COVID-19 incident progresses, these new businesses, which provide services to customers and struggle to keep lighting, will not end.

Through partnerships with Acumen, GCF investment will support Energy Access Relief Facility. This facility is a debt facility of $ 100 million, which combines charity funding and investment funds to provide lo w-interest loans to meet the needs of companies in companies. The goal of energy access rescue facility operated by the SIMA fund is to maintain both existing no n-electrified energy services and lifelong employment required when the energy access department has a potential.

Since 2007, Accumen has invested in providing of f-grid energy to lo w-income earners. And now we are not going to stop. In a global crisis, we can't see silently seeing these companies' progress and influence decrease. Instead, Acumen confronts with a solid hope. In the event of this extremely important crisis, it is the responsibility and privilege of those who dedicate this sector. Over the past nine months, we have always been inspired by the fact that many people involved in this sector are working together. In order to develop this facility all over the world and for weeks, a collaborative work that we have never seen before will keep companies and our customers in mind. I was born. Accumen is a partnership with GCF, and has no more joy, making the path to energy access for all people.

The of f-grid market development fund (OMDF) aims to increase access to power through of f-grid solar energy solutions, from solar lamps to imported solar home systems (SHS).

OMDF will launch a result s-based subsidy (RBF) program and accept the first application from October 28 to December 8.

In parallel, OMDF offers credit solutions to sellers and financial institutions active in the of f-grid solar power sector.

OMDF is operated by Bamboo Capital Partners in collaboration with Societe General Madagashikara, and Societe General makes fund hosting and lending.

OMDF was established in April, and from October 28 to December 8, it will start financing activities at the first proposal recruitment window for achievemen t-based funding (RBF). In parallel, OMDF also offers a dead finance for Madagascar's solar power generation dealers and financial institutions that are loaning to final customers and solar power developers.

CrossBoundary Energy fully exits first fund at 15% net internal rate of return (IRR), raises $40M to continue to scale financed solar for businesses in Africa

Societe General Madagascar is in charge of the acceptance of OMDF funds and financing.
OMDF aims to improve the access to the power of Madagascar and small and mediu m-sized enterprises through of f-grid solar energy solutions. In 2020, it is presumed that only a quarter of the Madagascar population can only use electricity. In the rural areas of Madagascar, the electrification rate is about 5 %, which varies in electrification. Madagascar has a potential customer base of 2 to 5 million households in which solar lamps and solar home systems can enter the market. The fund is intended for companies that provide hig h-quality products that have been certified by Lighting Global/Verasol to Madagascar families.
The fund was launched by the Madagascar government and received funding from the World Bank. Bamboo and Societe General Madagascar's partnership combines the knowledge of the local market of Societe General Madagascar with deep bamboo expertise in the operation of international funds investing in clean energy access solutions.
"Energy access is still a global challenge, and 800 million people have not been able to use reliable power sources. This problem is particularly Madagascar and serious, especially in the Madagascar rural areas. "OMDF is based on our investment experience in the renewable energy field for decades, and in cooperation with the Madagascar government, the Societe General Madagascar, and Madagascar," Madagascar is sufficient. I am looking forward to providing a clean and reliable distributed energy source to people who are not receiving service.

17 November 2020: CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.

The Fund will provide both RBF facilities and credit lines to of f-grid solar energy companies and financial institutions active in the of f-grid solar energy field.

The RBF subsidy supports of f-grid solar energy distributors who operate in Madagascar. The RBF subsidy provides a company that provides hig h-quality products and services, and gives even more incentives to companies that provide financing solutions to final customers through a pa y-a s-yo u-go model or MFI. OMDF will accept proposals for subsidies from October 28 to December 8, 2020, and from early 2021.

OMDF's credit provision provides funds, especially for working funds, good product inventory construction, and loans to end users. In addition, we will build a credit history in Madagascar and to attract more private sector loans.

The league's coordinator Jakis Landria Mahazomana said: "OMDF is particularly accessible to powerful, no n-electrified, and small and mediu m-sized enterprises through the use of solar power generation in Madagascar. This project is aimed at improvement, which is the main purpose of the Madagascar government's energy policy, which is the main purpose of the Madagascar government's energy policy in accordance with socially fair renewable energy solutions. We will secure universal access to modern energy services at an affordable cost. "

Societary General Madagascar CEO's Zdenyek Meterak: "Societye General Madagascar is Societye General Madagascar. Ral Group It is part of the Glow with African program.

About Bamboo Capital Partners: Bamboo Capital Partners (hereinafter referred to as "Bamboo") is an impact investment platform established by Jean Philip de Schulver in 2007, innovative funding for catalytic impact. Providing a procurement solution. Bamboo has filled the gap between seed finance and glows finance through all financing options, from debt to equity. Bamboo aims to create a sustainable impact and provide powerful financial returns while improving the world's most alienated community life. Since its establishment, Bamboo has raised more than $ 400 million for developing countries and has positively affected more than 184 million lives through investment in more than 30 countries, and hires 15. 900 for women. We have supported 45. 000 employment including. The company has 30 expert teams working throughout Europe, Latin America, Africa and Asia. See www. Bamboocp. Com for details or follow@bamboocp. < SPAN> coordinator Jakis Landria Mahazomana, the coordinator of the league, said: "OMDF is a diversified, no n-electrified, and small business power through the use of solar power generation products in Madagascar. This project is aimed at improving access to the Madagascar government, which is the main purpose of the Madagascar government, along the socially fair renewable solution. We will help you secure universal access to modern energy services at an affordable cost. "

Societary General Madagascar CEO's Zdenyek Meterak: "Societye General Madagascar is Societye General Madagascar. Ral Group It is part of the Glow with African program.

About Bamboo Capital Partners: Bamboo Capital Partners (hereinafter referred to as "Bamboo") is an impact investment platform established by Jean Philip de Schulver in 2007, innovative funding for catalytic impact. Providing a procurement solution. Bamboo has filled the gap between seed finance and glows finance through all financing options, from debt to equity. Bamboo aims to create a sustainable impact and provide powerful financial returns while improving the world's most alienated community life. Since its establishment, Bamboo has raised more than $ 400 million for developing countries and has positively affected more than 184 million lives through investment in more than 30 countries, and hires 15. 900 for women. We have supported 45. 000 employment including. The company has 30 expert teams working throughout Europe, Latin America, Africa and Asia. See www. Bamboocp. Com for details or follow@bamboocp. The league's coordinator Jakis Landria Mahazomana said: "OMDF is particularly accessible to powerful, no n-electrified, and small and mediu m-sized enterprises through the use of solar power generation in Madagascar. This project is aimed at improvement, which is the main purpose of the Madagascar government's energy policy, which is the main purpose of the Madagascar government's energy policy in accordance with socially fair renewable energy solutions. We will secure universal access to modern energy services at an affordable cost. "

Societary General Madagascar CEO's Zdenyek Meterak: "Societye General Madagascar is Societye General Madagascar. Ral Group It is part of the Glow with African program.

GIZ and Energy 4 Impact join forces to give a green energy boost to farmers in West and East Africa

18 November 2020: On November 4th 2020, GIZ and Energy 4 Impact announced the start of a new collaboration under the Water and Energy 4 Growth initiative. Energy 4 Impact is a non-profit organisation which accelerates the growth of locally-led businesses in the energy access space, to stimulate economic growth and employment in off-grid rural communities in sub-Saharan Africa. Its work involves promoting social equity, building climate-resilient economies, and affecting sustainable development outcomes in disadvantaged communities.

Societe General Madagascar Bank Societe General Madagascar is a subsidiary of the Societe General Bank Group. Societe General supports 31 million individuals and corporate customers worldwide, striving to improve continuous services using innovation and digital technology at the center of their activities. Societe General Madagascar has both financial skills and sustainable growth strategies, aiming to become a market in close contact with customers and selected for team quality and commitment. Societe General Madagascar supports all customer categories, such as corporations, small and mediu m-sized enterprises, SMIs, individuals, wealthy, experts, and institutional investors, based on a multifaceted global banking model. We currently have 59 branches, five Espass Premier, and five business centers, and have more than 900 employees throughout Madagascar. As a dedicated corporate citizen, Societe General Madagascar is promoting the support of education and professional integration, and supporting Madagascar's youth development through support of art, sports, and culture.

CROSSBOUNDARY Energy currently operates or provides $ 57 million assets, providing 20 customers in eight countries in Africa, among which solar power generation and 10 megawatts with more than 40 megawatts. Includes time storage battery projects.

The transaction provides an exit with 15 % of the initial investors, providing a powerful pool finance demonstration, and reducing profits to US bonds by catalytic contribution to USAID.

With a new financing of $ 40 million, cros s-bound Energy's commercial and industrial solar power generation services will expand the scale to provide more African companies to provide cheap and clean power access. Can do.
The support from institutional investors and continuous recruitment by major companies emphasize the execution and charm of distributed power generation.

This withdrawal and new investment strongly support the role of distributed natural energy in Africa and the possibility of pool finance that unravels new asset classes.

First, the significant increase in new capital highlights the exciting potential of distributed solar to provide more reliable and affordable power to African businesses. Over the past five years, CBE has been a pioneer in the solar C& I sector in Africa. CBE's Solar-as-a-Service model allows its customers to avoid the upfront investment and technical risks that are barriers to solar adoption. Instead, customers enter into long-term solar service contracts, and CBE (in partnership with local developers and solar contractors) finances, installs and operates the solar assets, delivering cleaner, cheaper power to its customers. CBE has signed its first distributed solar power purchase agreements with corporate clients in Kenya, Rwanda, Ghana, Madagascar, Uganda, Sierra Leone, Zambia and Nigeria. It has also established a strong client base with multinationals such as Unilever, Diageo, Coca-Cola Distributors, Rio Tinto, Heineken, AB InBev, Actis and major local companies such as Kasapreko and Exflora Group. CBE currently manages and delivers $57 million in assets and serves 20 clients in 8 African countries.

Bboxx secures loan with FEI OGEF in the DRC

Secondly, the results of Cross Base Energy I (CBE1) also strongly demonstrate the potential of pooled finance to unearth new active asset classes. CBE1 closed in November 2015 as Africa's first C& I solar-only fund. It was also a prototype for a new blended finance approach to renewable energy in Africa. USAID's Power Africa initiative contributed $1. 3 million in the form of a redeemable grant to encourage private investors into the fund. USAID's equity investment attracted additional equity investors, resulting in an effective leverage of more than six times the private equity match. Upon closing, this leverage increased to more than 30 times, and USAID's $1. 3 million blended loan is now being repaid to the U. S. Treasury at a 5% return. CBE1 also received grant support from OPIC (now the United States International Finance Corporation) and the Shell Foundation in partnership with the UK Foreign, Commonwealth and Development Office, which enabled the fund to scale back its activities.

19 November 2020: Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP).

According to Peter Jubert, the Chief of Cross Boundary Energy, "Blue Haben Initiative, Ceniarth, Slocum Investment, TreeHouse Investment, and other partners and investors Inexpensive and clean for business business We trusted our vision of providing energy, supported us, and continued to work together in the industry like Arch Arpf. We emphasize that the execution of commercial and industrial solar power projects in Africa has been proven to African major companies. I am very happy to be able to continue offering clean, highly reliable energy at no initial cost, which means the next stage of the largest dollar trading. Our C & Amp; AMP; I will further reduce the energy cost of our customers and create further employment in the solar category. Significantly reduce.

According to Arch Arpf's CEO of William Barry (CEO), "I believe that distributed renewable energy will play an important role in the future of African energy. The cost of solar power and power storage is reduced. ARCH ARPF, a company like CROSSBOUNDARY ENERGY, is able to provide highly reliable and cos t-efficient solutions to retail consumers and in partnership with powerful management. The CBE is accelerating hig h-quality asset portfolios, including the C & AMP; II, which provides exciting options. SPAN> Petel Jubert, Chief of Energy, "Blue Haben Initiative, Ceniarth, Slocum Investments, TreeHOUSE INVESTMENTS and other partners and investors , Inexpensive for businesses throughout the continent We trusted our vision of providing clean energy, supported us and continued to work together to achieve our vision. Investors have emphasized that the execution of the commercial and industrial solar power project in Africa has been proven to African companies. I am very happy to be able to continue providing cheaper, cleaner, highly reliable energy at no initial cost. Expanding our C & Amp; AMP; I in the entire African area, enabling further reduction of our customers' energy costs and creating further employment in the solar category. Significantly reduce the amount.

According to Arch Arpf's CEO of William Barry (CEO), "I believe that distributed renewable energy will play an important role in the future of African energy. The cost of solar power and power storage is reduced. ARCH ARPF, a company like CROSSBOUNDARY ENERGY, is able to provide highly reliable and cos t-efficient solutions to retail consumers and in partnership with powerful management. The CBE is accelerating hig h-quality asset portfolios, including the C & AMP; II, which provides exciting options. Boundary Energy's highest investment officer, Petel Jubert, "Blue Haven Initiative, Ceniarth, Slocum Investment, TreeHouse Investment, and other partners and investors Inexpensive and clean energy We supported us visions, supported us, and continued to work together as the following developments. The partnership emphasizes the possibility of execution of commercial and industrial solar power projects in Africa, and is cheaper to African major companies. I am very happy to be able to continue offering clean, reliable energy at no initial cost, which means the next stage of the largest dollar transaction. Expanding our C & Amp; I in category, and enables further reduction of our customers' energy costs, creating further employment in the solar category. Reduce to.

Mark Kalat, coordinator of the US government-led Power Africa Initiative, said: "Power Africa supports market-driven business innovation to solve Africa's energy problems. CrossBoundary Energy's distributed renewable energy model, which accelerates access to cheaper and cleaner energy, is a great example. In 2015, Power Africa provided a repayable, first-loss investment of $1. 3 million to facilitate the establishment of the CrossBoundary Energy I Fund. The grant initially drew six times matching private capital, but is now 30 times more invested by private investors. Additionally, the original $1. 3 million plus 5% interest was returned to the US Treasury. This success is a testament to Power Africa's focus on catalyzing the private sector to provide radical access to electricity across sub-Saharan Africa." Sam Parker, CEO of Shell Foundation, says: "The Shell Foundation's mission is to create investment businesses that make energy accessible to low-income people in Africa and Asia. CrossBoundary Energy is making a big impact by providing lower-cost, clean and reliable energy to African businesses. We are proud that our early support has helped them achieve commercial viability and scale."

About CrossBoundary Group: CrossBoundary Group's mission is to unlock capital that delivers strong returns and lasting change in underserved markets. With offices in Bangkok, Ghana, Kenya, Mali, Nigeria, Senegal, South Africa, Tunisia, UAE, UK and USA, the firm employs over 100 dedicated staff.

CrossBoundary Advisory offers a range of due diligence and transaction services. CrossBoundary Energy was founded in 2015 and is the leading investment platform for solar C& I in sub-Saharan Africa. CrossBoundary Energy was founded in 2015 and is the leading investment platform for solar C& I in sub-Saharan Africa. CrossBoundary Energy Access is the Group's newest investment platform, providing blended project finance for mini-grids in Africa.

About Arch Africa's Renewable Energy Fund: Founded in 2018 as a partnership between African Rainbow Capital Proprietary Limited and JCH & Partners LLP, Arch Emerging Markets Partners Limited is an emerging investment advisory firm specializing in private equity opportunities with an early focus on energy and logistics in developing countries. ARPF ARPF is an African renewable energy specialist fund whose mission is to address the growing demand for bankable power generation in African markets while creating long-term value for stakeholders. ARPF ARPF's team has decades of experience (prior to launching ARCH ARPF) in sourcing and managing private sector investment opportunities across Africa, from early development to commercialization. ARPF ARPF's investors include institutional investors and DFIs, with some funding from the European Union. For more information, please visit www. archempartners. com/africa-renewable-power. On November 4, 2020, GIZ and Energy 4 Impact announced the launch of a new partnership under the Water and Energy 4 Development initiative. Energy 4 Impact is a non-profit organization that accelerates business development locally in the energy access sector to stimulate economic growth and employment in rural off-grid communities in sub-Saharan Africa. Its activities include promoting social justice, building economies of scale, and influencing sustainable development outcomes in disadvantaged communities.

The Water and Energy for Food Grand Challenge (WE4F) is an international collaborative initiative to improve energy and water efficiency in the agricultural sector through environmentally sustainable innovations. This partnership with Energy 4 Impact addresses a critical shortcoming in traditional farming methods. Agriculture in sub-Saharan Africa is typically characterized by non-drained agricultural systems that rely on rain-fed agriculture. Smallholder farmers suffer from lack of effective farming techniques, inadequate knowledge of agronomic and horticultural practices, limited access to agricultural inputs such as seeds and fertilizers, adequate storage facilities, market technologies and data, digital services and mobile finance.

Lack of irrigation is both a symptom and a cause of these problems. The new initiative will implement three joint programs to provide innovative clean energy solutions:

Tanzania's lo w-development areas to micr o-farmers will enhance the lives and recovery of Tanzania's micr o-farmers through comprehensive support services, funds and information, and spreading smal l-scale solar heat irrigation equipment.

The Green Energy and Finance projects that enable food production in Senegal and Benan is divided into separate work programs for each country. Both programs aim to improve the lives and resilience of farmers and paddy rice processors through access to solar irrigation, processing technology, technical support, and comprehensive support services.

It is the center of this initiative to convey the benefits of solar irrigation to the farmers. The program provides information on how to improve the knowledge of peasants on the solar market, provide information on how energy efficiency improves profitability, indicates business models for expanding scale, and suppliers for financial institutions and comparative services for loan. Adjust the cooperation with and provide technical support. However, the WE4F has a comprehensive approach to ensure such a lon g-term effect of such a program, not just a small solar irrigation plant. As a result, support for farmers by GIZ and Energy 4 Impact also includes advice on agriculture, production of solar energy in pos t-harvest processing, and routes to the market.

U.S. Government’s Power Africa to Bring Electricity to 5,200 Rural Homes and Businesses

23 November 2020: The United States Government, through the United States Agency for International Development (USAID) and the Power Africa initiative, has awarded three companies in Madagascar a combined $1.2 million in grant funding to develop mini-grids that will bring electricity to more than 5,200 rural homes and businesses. These grants are part of the U.S. Government’s $3 million effort to increase energy production and electricity access in Madagascar. Since 2018, the initiative has helped more than 57,000 people gain access to electricity and will, by 2022, provide electricity to over 400,000 people.

Such innovative clea n-energy solutions are expected to increase the profitability of farms, local markets, and wider agricultural sectors. For micr o-farmers, it leads to improvement of productivity, increased income, strengthening drought, strengthening agricultural and marketing skills, diversifying crops, and easier access to finance. It also has a ripple effect on the regional market. The government's governments promote this initiative by promoting agricultural improvement and spread activities. These three programs will create a wealth of knowledge to promote the use of renewable energy in the agricultural field.

BBOXX has received a loan from Fei Ogef to accelerate energy access in the Democratic Republic of Congo.

The loan accelerates Bboxx's activities in Kib, Ituri, and Tosho in the Democratic Republic of Congo (DRC), aiming to further expand in the country. Currently, only about 19 % of the Democratic Republic of the Congo Democracy can use electricity, and for those who can use it, electricity lacks reliability.

The Democratic Republic of the Congo is already an important market for Bboxx, which builds, sells and loans a distributed solar energy system in developing countries. The company has a positive impact on many people's lives through clean and reliable and inexpensive energy access, and this new financing will further increase the influence of Bboxx in the Democratic Republic of Congo. It will be. Earlier this year, BBOXX has published a memorandum (MOU) with the Democratic Republic of Congo to provide 10 million citizens, 10 % of the population, to provide clean energy.

The debt loan from Fei Ogef is based on the $ 8 million financing of the Fund for the Energy Access Project in Turbocarge Boxx's Rwanda project. Fei Ogef is a mixed financial fund of $ 100 million, which provides a loan loan mainly to support the growth of innovative companies in the field of of f-grid energy, and is part of the African Development Bank (AFDB) Initiative. 。

BBOXX celebrated its 10th anniversary this year and has reached a milestone to change the lives of more than one million people through energy access.

Mansoor Hamayun, a CEO and c o-founder of Bboxx, commented as follows: "The productive relationship between Faye Ojev and Lion Global Partners is a business model in our business model. It supports investors' trust, and more to deal with the gap between energy access worldwide and move forward to achieving a sustainable development goal of the United Nations. Securing capital is a positive step in the right direction.

EDP renews fund to support clean energy projects in developing countries

26 November 2020: EDP is preparing to sponsor new clean energy access projects in five African countries through the A2E Fund. The third edition of this financing program has €500,000 and two new target locations.

"We have important businesses and track record in China, and have signed important memorandums with the Chinese government earlier this year. In the next stage of ambitious development, there are more through access to clean energy. I am looking forward to making effective use of this fund to change the life of people.

Harry Guinness, the leader of the Lions Head, and Ogef's fund manager Harry Guinness: "The OGEF team is impressed by the Bboxx mission, technology, and scale, and the Democratic Republic of the Congo. We are excited to be able to enhance our business in difficult market development, thanks to the world bank partners and local donors. Yes, this cooperation and efforts emphasize OGEF commitment to the expansion of dead finance in Africa.

"We are looking forward to continuing to contribute to the important business performance of Bboxx, which will increase access to clean energy through the scalable capital needed. This transaction is a new standard. Yes, we will adapt, learn and reproduce this with the borrowers of the entire Africa. "

Bboxx: Bboxx is a nex t-generation utility company that changes life through access to energy and brings out potential. BBOXX builds, sells and loans a distributed solar power generation system in developing countries. The scale is expanding through strategic partnerships, innovative Bboxx Pulse® technology, and integrated management platforms using IoT technology. BBOXX enables the economic growth of people who lead people to digital economy, create new markets, and live without a reliable grid connection through affordable and reliable clean utility. Masu. The company has a positive influence on products and services in more than 1 million people's lives in more than 35 markets, contributing to 11 of the 17 sustainable development goals.

To date, Bboxx has introduced more than 350. 000 solar home systems. The BBOXX has more than 800 staff members in nine offices, including the Democratic Republic of Congo, Kenya, Rwanda, and Togo, and the headquarters is in the UK and manufacturing in China. In 2019, BBOXX won the ZAYED SUSTAINABILITY PRIZE in the energy department. This is a proof that the company has caused a meaningful change in the lives of people around the world.

About Fei Ogef: Fei Ogef (www. Ogefafrica. com) is a bond fund operated by LHGP Asset Management, an energy inclusion of AFDB (Africa Development Bank), which was established to expand access to energy throughout Africa. Part of facility (FEI). FEI Ogef is a no n-profit ALL established to expand the access to commercially commercially of f-grided energy products and services in Nigeria, a blended fins facility of the European Commission, the European Commission's blended fins facilities, and Nigeria. I have been investing from ON. Fei Ogef also received debt loans from AFDB, Al l-on, Carbert Impact Capital, Prudential Insurance Company of America.

ECOWAS Sustainable Energy Forum 2020 calls for an acceleration of decentralised renewable energy in West Africa

30 November 2020: The Economic Community of West African States (ECOWAS) held its fourth annual Sustainable Energy Forum (ESEF 2020) from 24-26 November 2020. Due to the coronavirus pandemic, this year’s ESEF was held virtually under the high-patronage of His Excellency, Mr. Jean-Claude Kassi Brou, President of the ECOWAS Commission.

Fei Ogef was established to make electricity more accessible to low-income households by building an efficient, market-driven, scalable trading platform across Africa. The fund is focused on reducing the overall risk and cost of off-grid electricity access companies by investing through customized, flexible credit lines in foreign and local currencies to address inventory, consumer financing and other working capital needs. Fei OGEF is lending $10 million to companies to expand the role of local capital markets and ultimately improve access to reliable energy for households across the African continent.

About Lions Head Group: Lions Head Group (www. lhgp. com) is a marketplace investment bank. Its primary activities are financial advisory, capital raising and asset management. LHGP Asset Management (LHGP AM) is the Group's FCA regulated asset management arm and manager of FEI-OGEF (www. alcbfund. com) and Energy Infrastructure (www. feiafrica. com), which have $500 million in assets.

Despite Madagascar's abundance of renewable energy sources such as solar, wind and hydroelectric power, only 5% of rural communities in Madagascar have direct access to electricity. Access to remote areas is difficult, so Power Africa is working with the Ministry of Energy, the Regional Electricity Agency (ADER) and the private sector to develop solar home systems and mini-grids. Mini-grids are a particularly important tool to accelerate development in rural areas. Improving access to electricity allows for the introduction of modern services and machinery such as irrigation pumps and cold storage, which contributes to business growth and job creation. Madagascar has a high level of expertise in developing mini-equipment, but many companies have difficulty accessing financing. USAID and Power Africa recognized this financing gap as a key barrier to rural development and responded by creating this grant opportunity. Fei Ogef was established to make electricity more accessible to low-income households by building an efficient, market-oriented, scalable trading platform across Africa. The fund focuses on reducing the overall risk and cost of off-grid electricity access companies by investing through customized, flexible credit lines in foreign and local currencies to address inventory, consumer financing, and other working capital needs. Fei OGEF is lending $10 million to companies to expand the role of local capital markets and ultimately improve access to reliable energy for households across the African continent.

About Lions Head Group: Lions Head Group (www. lhgp. com) is a marketplace investment bank. Its primary activities are financial advisory, capital raising, and asset management. LHGP Asset Management (LHGP AM) is the Group's FCA regulated asset management arm and manager of FEI-OGEF (www. alcbfund. com) and Energy Infrastructure (www. feiafrica. com), which have $500 million in assets.

Despite Madagascar's abundance of renewable energy sources such as solar, wind and hydroelectric power, only 5% of rural communities in Madagascar have direct access to electricity. Access to remote areas is difficult, so Power Africa is working with the Ministry of Energy, the Regional Electricity Agency (ADER) and the private sector to develop solar home systems and mini-grids. Mini-grids are a particularly important tool to accelerate development in rural areas. Improving access to electricity allows for the introduction of modern services and machinery such as irrigation pumps and cold storage, which contributes to business growth and job creation. Madagascar has a high level of expertise in developing mini-equipment, but many companies have difficulty accessing financing. USAID and Power Africa recognized this financing gap as a key barrier to rural development and responded by creating this grant opportunity. Fei Ogef was established to make electricity more accessible to low-income households by building an efficient, market-oriented, scalable trading platform across Africa. The fund focuses on reducing the overall risk and cost of off-grid electricity access companies by investing through customized, flexible credit lines in foreign and local currencies to address inventory, consumer financing, and other working capital needs. Fei OGEF is lending $10 million to companies to expand the role of local capital markets and ultimately increase access to reliable energy for households across the African continent.

Power Africa launched the Madagascar Mini Grand Development Program in May 2020. This subsidy, which is implemented by the Southern African Energy Program (SAEP) of Power Africa, supports min i-grid developers who have obtained a concession from ADER but are struggling to secure funds for project implementation. It is expected that developers with existing mini grids will use a subsidy to connect more households to the transmission network. The project supports the Madagascar government's goal of achieving 50 % of power access nationwide by 2023.

17 companies have applied for the subsidy. As a result of thorough examination, "I MANIA, ATSIMO, ATSIMO. ANA, Boeny.

Autarsys Madagascar and Henri Fraise Fils & Amp; CIE constructed a hybrid mini grid that combines solar panels and storage batteries, and is 100kwp; CIE.・ New mini grid. H. I. E. R. Expans the existing hydropower min i-grid as part of the 100 village program for rural electrification.

Under Power Africa, SAEP has promoted investment in the energy sector in 11 countries, including Madagascar, and supports participating countries, power generation, and increased power distribution. Through this program, the United States supports Madagascar's energy goals by supporting hydroelectric projects, of f-grid solar power housing systems, and min i-grid development. SAEP also cooperates with Antanana Ribo University's Faculty of Engineering to enhance local expertise in min i-grid development.

In September 2020, Power Africa also provided $ 240, 000 to Madagascar's social company Nanoée to supply 35 rural clinics to 140, 000 patients in the northeastern part of Madagascar. 。

These projects are as part of the US government's efforts to increase access to power of Madagascar, but more than democracy, reinforcement, trade and economic relationships, and promoting sustainable independence. It also matches the development goal. For this purpose, USAID spent about $ 114 million in health, environment, energy, food security, and humanitarian support last year.

CrossBoundary Energy Access open sources their Investment Approach for Mini-grids to accelerate Energy Access for all in Africa by 2030

The focus on projects that promote access to renewable energy in developing countries is one of the commitments that prompted EDP to develop another version of the A2E (Access To Energy) fund. The funding program, with a budget of 500, 000 euros, was created to support clean energy projects in Mozambique, Nigeria, Malawi and, for the first time, Angola and Rwanda.
This third edition will provide funding of between 25, 000 and 100, 000 euros for both commercial and non-commercial projects. Applications will be accepted from Thursday, November 26 to Thursday, January 10. The results will be announced in April 2021. Applicants will then have one year to implement their projects.
As in previous editions, the program's priority areas are education, health, agriculture, business and community. Evaluation criteria include social impact, partnerships, sustainability, scalability and economic viability.
With the new version of the A2E Fund, EDP reaffirmed its commitment to sustainability and the fight against energy poverty, which continues to affect more than one billion people. Since its launch in 2018, the funding program has received more than 260 applications and allocated almost 1 million euros to projects that use renewable energy to enhance the social, economic and environmental development of remote communities. Over the past three years, the projects funded by the EDP program (which can be found here) are estimated to have directly benefited the lives of more than 55. 000 people and indirectly more than one million people.

2 December 2020: CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, is open sourcing their approach to investing infrastructure capital into mini-grids across Africa.

The selection of the target regions for this EDP fund is also linked to the company's A2E strategy, which prioritizes investments in sub-Saharan Africa. Companies that have received EDP funding in recent years for sustainability projects include SolarWorks!, which sells distributed solar power solutions in Mozambique and Malawi, and Rensource, which develops and manages small-scale solar power grids in Nigeria. These investments are in line with EDP’s long-standing commitment to support renewable energy projects and sustainable solutions to ensure energy access for all.

Rules and further information about the 3rd A2E Fund can be found here.

The ECOWAS Center for Renewable Energy and Energy Efficiency (ECREEE) established the ECOWAS Sustainable Energy Forum (ESEF) in 2017 to support member states' investment and policy initiatives in the renewable energy sector in the region. Since its inception, the Forum has proven to be the largest sustainable energy gathering in the West African region.

This year, the Forum, co-organized with ARE (Alliance for Rural Electricity), attracted nearly 1, 200 registrants, including energy experts as well as diverse stakeholder groups, financial institutions and civil society organizations, highlighting the collective progress made towards achieving the sustainable energy goals of the ECOWAS region and the remaining challenges faced by stakeholders in building a robust renewable energy market.

ESEF2020 coincided with the 10th anniversary of the founding of ECREEE, a specialized agency with a mandate to promote sustainable energy, and raised awareness of the progress of ECOWAS member states towards achieving the 2030 sustainable energy goals.

Speaking at the opening ceremony, ECOWAS Commissioner for Energy and Mines, Douka Sediko, said the renewable energy opportunities in the ECOWAS region are huge and called for concerted efforts to mobilize the necessary financing. Commissioner Douka also told stakeholders that ECOWAS provides an investment-friendly environment in the region and is always encouraging companies to enter into partnerships to expand the renewable energy and energy efficiency market.
The day-long forum featured several high-level discussions, including one that focused on the role of off-grid renewable energy in achieving the SDGs in the ECOWAS region. Dr. Bachir Ismael, Minister of Energy of Burkina Faso, stressed the importance of renewable energy, saying that electrifying rural areas is closely linked to the development of local economies. This, he said, will help members of the member states to lift themselves out of poverty.

The CEO of the Rural Electrical Federation of David Lucock (CEO), the CEO of the Rural Electrical Electric Federation (CEO), has announced that it will welcome ESEF 2020 c o-organizers and strengthen cooperation with ECREEE. Lecokk stated that the ECOWAS area was the highest priority because 47 % of the population could not yet access power. He pointed out that the achievement of the SDG-7 inside and outside the Eco Was region is the key to the power of the national-level distributed renewable energy.

"To achieve the SDG-7, it is necessary to set people to the center of the agenda," said RES4AFRICA Secretary-General Robert Vigotti. In order to promote effective and comprehensive green conversions, it is necessary to foster nex t-generation investors, managers, entrepreneurs, and engineers. "

David Hiwich, head of the energy category of Innovate UK, is the Innovate UK's energy catalyst program that supports companies developing sustainable technologies and business models, and Southeast and Southeast Asia in South Korea, south of Sahara. He said that it was aimed at accelerating the transition to clean energy in. He told the delegation that energy catalists are accelerating the innovation necessary to end energy poverty. "In order to achieve this is the true partnership between the UK and the West African entrepreneur, which provides innovative technology and business models that overcomes the issues facing in the area."

In the gender session, new publications were also announced with 17 case studies from members. The title of this publication is "Best Practice and Innovative Business Model as a female entrepreneur as an important propulsion in the distributed renewable energy (DRE) sector." This publication focuses on energy access and sustainable soci o-economic development in rural areas, and considers gender to mainstream gender equality at all levels of DRE Supply Chain. This is a hint for an innovative approach. The

Ecreee's secretar y-general Bah F. M. Saho, who greeted the closing ceremony, is another opportunity to evaluate the national forums for their membershi p-level progress to achieve sustainable energy goals on 2020/2030. Was stated. According to the forum, the number of clean energy mini grids in operation is less than 600, which is far from the regional goal of installing 128, 000 clean energy mini grids by 2020 by 2020 by 2030. Therefore, it emphasizes the need to promote the development of clea n-mini grids and independent technology to improve and improve the access rate to electricity, and to achieve these goals for partners and donors. He called for cooperation.

Secretar y-General Saho thanks to the c o-sponsor, conventional partner, donor, and participants who spent time and effort to succeed in the ESEF2020 Virtual Forum, and provide a great deal of support for the ECREEE program. We have grateful to ECOWAS Chairman, ECOWAS energy and mining mining committee. He also sent a passionate praise to Mahama Cappia, a pioneer in EcReee, that its model leadership and vision have led to the establishment of ECREEE and smooth features.

Rensource and Premium Poultry team up with Empower to deploy solar energy project to poultry farm

3 December 2020: Rensource, a leading West African renewable energy services provider, announced today its entrance into the provision of Commercial & Industrial (C&I) solar with a project in partnership with the Norwegian impact investment company, Empower New Energy, to deploy a 700 KWp solar photo-voltaic plant to Nigeria´s largest egg producer, Premium Poultry Farms. The power plant, ground-mounted on Premium Poultry’s farm, will generate ca. 1 gigawatt hour of clean energy annually, save up to 25 000 tons of CO2 in its lifetime and contribute to Abuja´s fight against local air pollution.

This year's forum is supported by ECREEE, a distributed renewable energy industry association that provides innovative clean energy solutions throughout Africa, and the European Union (EU), Germany, Sweden, the Netherlands, and Austria. It was held c o-hosted by Get. invest, a European program that mobilizes investment in renewable energy. ESEF2020 is also supported by GIZ, Austrian development cooperation, donors such as Energy Catalyst and RES4AFRICA.

The matching meeting hosted by Get. invest has been registered by over 700 participants, and has provided opportunities to connect with potential business partners, investors, and related experts through virtual exchanges and promote projects.

600 million people all over Africa lack access to reliable and reliable and sustainable energy.

Mini grid is a new approach that accelerates energy access.

The International Energy Agency (IEA) predicts that min i-grids will be the lowest cost of connecting at least 264 million by 2030.

But to bring out that possibility, you need a new loan method for a mini grid. Cross Energy Access has opened a source of funding for min i-grids to accelerate universal energy access in Africa.

The UN's sustainable development goal calls the international community to achieve universal energy access by 2030. I have no time to achieve this goal. In Africa, 600 million people have not yet access to electricity.

A mini grid is a new destructive method for realizing energy access. The International Energy Agency (IEA) predicts that min i-grids are the lowest costs to connect at least 264 million by 2030. The min i-grid is ready to expand in Africa, but has not yet collected the necessary funds.

Local currency financing for off-grid energy solutions in Africa limited, needs scaling up - African Development Bank report

3 December 2020: Although advantageous, local currency financing for off-grid renewables projects and businesses in Africa is still limited, according to a new report released by the African Development Bank.

The mini grid is an infrastructure. Like conventional infrastructure, it is a basic physical system of the nation, such as transportation, communication, water, and electricity. Therefore, as with other infrastructure assets, lon g-term and lo w-cost capital is required. However, it is difficult to apply a traditional infrastructure loan approach to a mini grid. Unlike conventional infrastructure, mini grids are small and distributed, providing direct services to customers, not outside the government. To supply funds to such new and destructive assets, the min i-grid sector requires a new financing model in which infrastructure is flowing to basic assets.

CBEA has developed a new project financing model that enables this fund change. To design and launch this model, CBEA is the partner, Camco Clean Energy, DOEN FOUNDATION, Foley Hoag, Norton Rose Fulbright We cooperated with RMANCE PERFORMANCE (repp) and UK. Currently, this approach is needed to accelerate access to energy. However, project funding has a high barrier. Project funding requires a complex, detailed and interconnected financial model and project contract.

To deal with this, CBEA offers the main elements of the fund procurement method open source:

It is a white paper that summarizes funding mechanisms and guidelines, typical issues and risks faced when practicing this mechanism, potential improvements for this model, investors, developers, donors, and government proposals.

A deadline for project contracts and corresponding project financing models that will be available in February 2021.

CBEA welcomes others to use and improve by providing a mini grid funding approach. CBEA believes that in order to achieve the goals of CBEA and his partner to supply inexpensive and reliable electricity to everyone by 2030, CBEA is considered far exceeding its abilities. There is.

According to the CROSSBOUNDARY Energy Access partner, Humfrey Wiiyako: "We have seen how the open source movement has changed the software industry. Best software innovation. However, we believe that the fundamental approach to information sharing is the same for more people.

"This approach is not the best for all fund providers and mini grids, but we are min i-min i-mini," said Matt Tilder, a jointly founder and manager of crossboundary. We believe that we have created valuable intellectual property by adapting to the distributed properties of grid assets. I believe that cooperating with people can accelerate access to energy worldwide.

"I am glad to be able to launch an open source initiative. We provide funds to CBEA to bring out the maximum effects and support the other shell shell shells that have been supported by this sector. You can do it. " Universal Electricity Facility (UEF) that introduces.

Cros s-boundary groups of crossboundy groups are unleashing capital to bring powerful returns and permanent changes in no n-covered markets. We have more than 90 professional staff, Akura, Bamakok, Bangkok, Dakar, Dubai, Dubai, Johannesburg, Johannesburg, Lagos, Nairobi, Nairobi, New York, and the office sector CROSSBOUNDARY CONSULTING D. C. I am. The Crossbound Energy, established in 2015, is a major investment platform for C & AMP; I solar in Africa south of Sahara. For details, see www. CrossbOUNTARY.

At the Crossroads of Energy Access CBEA was launched in January 2019 as Africa’s first mini-grid project with funding from Seniorus and the Rockefeller Foundation. CBEA invests long-term equity and debt in mini-grids through project finance structures to provide first-quality grid access to rural homes and businesses. For more information, visit www. crossbounty. com/energy-access/.

This landmark project represents one of the largest solar power purchase agreements signed in Nigeria’s C& I sector and the largest clean energy project in the poultry industry. The plant is expected to operate for at least 25 years under a power purchase agreement signed between Premium Powritory and Empower.

"This solution for Premium Poultry Farms, Nigeria's largest egg producer, demonstrates our ability to meet the energy needs of our diverse industrial customers. We are honored to provide affordable clean energy to further develop Nigeria's important agricultural sector while reducing emissions," said Ademola Adesina, Founder and CEO of Rensource.

Premium Poultry Farms produces approximately 600, 000 eggs daily and has its own feed mill, making it the largest egg producer in the country. The company prides itself on distributing and feeding high-quality eggs across the country to Nigerian families. The project, which will begin operations in December 2020, will leave a significant mark in terms of sustainability. It will reduce CO2 emissions by 840 tons per year and create 40 jobs during construction and operation.

We take great pride in being good stewards of the environment and are pleased that this solution will further strengthen our efforts." "This project will allow us to take advantage of the significant energy cost savings that solar technology offers, and we are excited to become the largest solar poultry farm in the country.

According to Terie Osmunsen, the founder and CEO of Empowere New Energy, "Empower is a partnership with Ren Sauce Energy, and the Premium Poultry Farm reflects the success, dynamism, and growth of Nigeria's renewable energy category. I am very happy to be able to lend, and our investment fund is ready to accelerate the transition to clean energy in Africa, and this important project will be able to mobilize funds. "

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

RES4Africa (Renewable Energy Solutions for Africa) is a Foundation that works in support of Africa's just energy transition in order to achieve the SDG7. The African Power Platform aims to connect private and government stakeholders in Africa's power sector. The platform helps circulate and propagate tenders. SEI Platform Africa-Europe High Level Platform for Sustainable Energy Investments (the SEI Platform) news-and-events/african-development- bank-launches.

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