Off-grid African solar ‘could offer opportunities worth $24bn per year’

That’s the prediction from Kleos Advisory, which in a new report stresses the importance of harnessing the potential of the continent and strengthening ties with UK businesses

IEA: ‘Rapid and widespread changes needed across all parts of energy system’

The International Energy Agency says this is vital to ensure a secure and sustainable future for the global population

Innovative light tech lands £600k of new funding

Deciwatt aims to help improve energy access around the world using its NowLight, which allows its user to generate electricity by pulling on a cord

World Bank grants $7.6m for renewable energy in Nepal

The project aims to address the barriers to private sector participation in the mini grid sector for renewables

UK’s PACT with Colombia to improve energy access

Around three million people in Colombia have no access to electricity

Africa’s solar TVs get bigger and better

Azuri has unveiled a new 32-inch version of its sun-powered TV for off-grid households

IEA: Only four out of 38 clean technologies on track to meet sustainability goals

Most technologies will not meet the climate, energy access and air pollution targets under its Sustainable Development Scenario

African nation Togo renewable with $4m funding

The Government of Togo’s energy access initiative has received a $4 million (£2.9m) funding boost from a local bank. Union Togolaise de Banque (UTB) will provide the finance to utility BBOXX as part of the ‘CIZO’ initiative, which aims to bring renewable electricity to more than two million of the country’s people by 2022. The […]

Investment platform beams up $50m for energy access

An investment platform aims to scale up energy access in the developing world, starting with a $50 million (£35.4m) investment in sub-Saharan Africa and Asia. The BEAM platform, created by private equity firm Bamboo Capital Partners and utility BBOXX, will provide equity for distributed energy service companies and catalyse further funding. In turn, these businesses […]

IEA: $31bn a year needed for universal energy access by 2030

Providing universal energy access by 2030 would require an investment of $31 billion (£23.6bn) a year. That’s equivalent to less than 2% of global energy investment, with a majority of it needed for sub-Saharan Africa and renewables, according to the International Energy Agency (IEA). It reveals the most cost-effective strategy for achieving it in developing […]