The European Investment Bank (EIB) is to provide US$25 million in financing to off-grid solar product distributor d.light to strengthen access to energy in Africa via solar kits, starting off in Ethiopia, Kenya, Nigeria, Tanzania and Uganda. The solar kits use a pre-payment system that makes them financially accessible to low-income consumers. The EIB financing will go particularly towards rural and suburban populations and micro-entrepreneurs. It will also enable d.light to develop the installation of its solar kits, which including PV panels, lamps and low-energy equipment such as radios and TVs.
Ethiopian Electric Power (EEP) has announced the list of pre-qualified bidders for the country’s Scaling Solar tender. In total, 28 developers submitted their applications, a new record under the Scaling Solar program. Of those, 12 have been pre-qualified to submit a proposal in the bidding process:
(Gogla Staff, 15 Feb 2018)
As financing energy access through decentralized renewables continues to be a challenge, some off-grid solar companies have turned to crowdfunding to finance their projects. With sometimes as little as $25, individual investors are gathering around the off-grid solar space. During the recent Global Off-Grid Solar Forum & Expo in Hong Kong, GOGLA sat down together with three crowdfunding platforms to discuss the latest trends in crowdfunding off-grid solar. The three participants were: