6 January 2022: The EU-funded Electrification Financing Initiative (EDFI ElectriFI) and the UK-funded Renewable Energy Performance Platform (REPP) have each invested LSL 75m (~ EUR 4.4m) in equity and senior debt in a project-financed vehicle led by OnePower (1PWR), an innovative social enterprise with deep roots in Lesotho.

EDFI ElectriFI, REPP, and 1PWR have reached financial close on Africa’s second largest project-financed mini-grid transaction. The equity-and-debt investment into the project vehicle, Sotho Minigrid Portfolio SPV, will fund the construction of a portfolio of 11 mini-grids in Lesotho with a total capacity of 1.8MW. Once built, the mini-grids will provide first-time electricity access to 20,000 people and enable seven health clinics to benefit from renewable energy.

Lesotho, a landlocked nation surrounded by South Africa, has one of the lowest electrification rates on the continent, with about 62% of the population lacking access to electricity and with a rural electrification rate estimated at below 20%.

In addition to bringing grid-quality service to the 11 communities by deploying solar-battery energy systems, 1PWR will deploy a raft of technological innovations, including PV trackers – the only such systems currently being designed and manufactured in sub-Saharan Africa. The company will also deploy smart meters optimized for local and off-grid conditions, and pre-built powerhouses to ensure efficient construction and deployment of generation systems.

With the support of European programme GET.invest, 1PWR has optimized its financial modelling and mini-grid development process, enabling it to offer a tariff of 5 Maluti per kWh ($0.33/kWh), which is very competitive for an almost cost-reflective tariff.

Both EDFI ElectriFI and REPP, which is managed by Camco Clean Energy, have previously invested into 1PWR projects. EDFI ElectriFI started investing in the company in 2018, when the EU-funded blending facility signed a development finance loan of EUR 0.1m with 1PWR, allowing the organization to procure a comprehensive feasibility study which laid the groundwork for the current investment in 1PWR’s mini-grid portfolio. In 2019, REPP extended a LSL 7m loan to 1PWR to finance Lesotho’s first solar-battery mini-grid at the village of Ha Makebe. This project became operational in 2021 and now services 215 households and businesses in the community.

“Two years ago, a REPP loan helped 1PWR to forge ahead with its plans to build Lesotho’s very first solar mini-grid and deliver a transformational impact on the underserved community of Ha Makebe,” said Geoff Sinclair, Managing Director of Camco Clean Energy. “It has been tremendously satisfying to witness the successful completion of that mini-grid and there is a real buzz of excitement to now be supporting this next and much larger phase of the project.”

Today, EDFI ElectriFI and REPP are reinforcing their financial support to 1PWR. Once completed, the project aims to create approximately 7,300 new connections and generate up to 3,480 MWh per year, avoiding the emission of some 2,780 tons of CO2 annually. Up to 100 local jobs will be created by 1PWR during the construction of the project. Six permanent positions will be created during operations.

In addition to the investment by EDFI ElectriFI and REPP, 1PWR has received support from a variety of organizations for this project: Grant support was provided by the UN Capital Development Fund and UN Development Programme, the US Agency for International Development – Power Africa, the Energy and Environment Partnership Trust Fund (EEP Africa), and UKAID via the Transforming Energy Access program. 1PWR also received a loan from the Open Road Alliance. Furthermore, the company has benefited from the advisory and facilitation services of the European programme GET.invest as well as legal services from Sidley Austin and Covington & Burling through the Thomson Reuter Foundation’s TrustLaw program.

“This investment is an excellent opportunity for EDFI ElectriFI to support OnePower in its mission to provide stable electricity to more than 20 000 citizens but also to seven health centres in the country. It was a pleasure to work with a team of strong professionals dedicated to deliver the first solar mini-grids in Lesotho.” explained Quentin De Hoe, ElectriFI Senior Investment Officer at EDFI Management Company.

“We are proud to have supported 1PWR towards reaching this milestone with EDFI ElectriFI and REPP. The company’s persistent engagement and innovative portfolio approach have resulted in a major step for rural electrification in Lesotho, bringing modern energy services to those that need it most.” – Michael Franz, Team Leader at GET.invest.

“I am thrilled to close on this landmark mini-grid transaction with two excellent investors. As a team with deep roots in Lesotho, we are proud that this will not only connect 20,000 people to electricity, but also create renewable energy engineering and manufacturing capacity in the country. I want to extend my gratitude to the hard-working team at 1PWR as well as the numerous partners who have ensured the success of this project, most notably Lesotho’s Ministry of Energy and Meteorology as well as Michael Feldner of GET.invest,” concluded Matthew S. Orosz, CEO of OnePower.

###

About OnePower: 1PWR is a social enterprise with roots at the Massachusetts Institute of Technology and is owned by a local and a US-based non-profit organization. The organization has more than 17 years of experience working in Lesotho, having developed a strong local presence and maintained relationships with various governmental entities involved in the energy sector to ensure that the deployment of mini-grids is consistent with national policy and regulation. The organization is dedicated to increasing energy access in Lesotho and hopes to attract further investment to achieve full energy access in the country. For more information, visit: www.1pwrafrica.com.

About EDFI ElectriFI: EDFI ElectriFI is an EU-funded impact investment facility, financing early-stage private companies and projects, focusing on new/improved electricity connections as well as on generation capacity from sustainable energy sources in emerging markets.

EDFI ElectriFI, is managed by the EDFI Management Company, a company established by the 15 European Development Finance Institutions (DFIs). For more information, visit: www.electrifi.eu.

About REPP: The Renewable Energy Performance Platform (REPP), managed by Camco Clean Energy, works to mobilise private sector development activity – and investment – in small to medium-sized projects (typically up to 25MW). It is supported with £148m funding from the UK’s International Climate Finance through the Department for Business, Energy and Industrial Strategy (BEIS), and to date, has agreed contracts with 30 renewable energy projects across 16 countries, employing six different technologies, from SHS and PV mini-grids to biomass and run-of-river hydro. For more information, visit: www.repp.energy.

6 January 2022: The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to facilitate Botswana’s transition to clean energy . The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified at the Africa Energy Market Place (AEMP 2019). These include the introduction of least-cost planning, reduction of adverse environmental impacts and support for increased private sector participation in renewable energy (RE) generation investments.

Some of the notable outputs from the project include a national Grid Code, Electricity Cost of Service Study (CoSS) and licensing framework to regulate power sector activities. The outputs from the project will contribute towards the implementation of Botswana’s first Integrated Resource Plan (IRP), thus facilitating investments in new solar PV and wind generation capacity, amounting to at least 100MW and 50MW, respectively, by 2030. Through its support for the further development of the renewable energy generation sector in Botswana,  the project also contributes to  the Mega Solar initiative, launched in 2021 in collaboration with Namibia and development partners, with the aim of building renewable energy capacity in the two countries, to enable electricity exports to the rest of the region.

Conceptualised under SEFA’s Green Baseload component, the project "will contribute to the development of essential building blocks to support Botswana’s energy transition ", said Dr. Daniel Schroth, Acting Director for Renewable Energy and Energy Efficiency at the African Development Bank. ‘’It has been a long journey to access this AfDB grant facility,” observed Duncan Morotsi, Chief Operating Officer at the Botswana Energy Regulatory Authority (BERA), “The approval is a great step forward in the regulator’s quest to facilitate independent power producers (IPPs), renewable energy sources and cost reflective tariffs in Botswana.  It was worthwhile pursuing this technical assistance from the AfDB’’.

###

About SEFA: SEFA is a Multi-Donor Special Fund that aims to unlock private sector investments that contribute to providing universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the Bank’s New Deal on Energy for Africa strategy and Sustainable Development Goal 7.

20 December 2021: The French Agency for Ecological Transition (ADEME) and the Alliance for Rural Electrification (ARE) have entered into a partnership to promote and provide market intelligence on productive use of energy, as well as advance renewable and reliable electricity for essential services in Benin, Cameroon and Madagascar.

Targeting these countries, the partners will carry out the following activities:

1. a market study on decentralised renewable energy (DRE) equipments for productive use,
2. a technical guide for rural healthcare facility electrification, and
3. an awareness campaign on DRE deployment for productive use in rural communities.

Currently, the rate of access to electricity in rural areas is 6.6% in Benin, 24% in Cameroon and about 5% in Madagascar. However, all three countries have significant local renewable energy sources. Benin has a high rate of sunshine all year round and can favour the production of electricity via solar energy. Cameroon has a huge potential for hydroelectricity thanks to its five watersheds, to which a significant potential in biomass and solar can be added as well. Madagascar also has a strong potential for solar, biomass and hydropower.

The three activities that ARE aims to carry out with the support of ADEME are in line with the approach of promoting reliable, sustainable, modern and affordable renewable energies while taking into account the specificities of each country.

David Lecoque, CEO of ARE stressed: “At ARE, we consider renewable electrification, economic development, through productive uses of energy, and climate as intricately-linked topics that must be addressed holistically. That is why we are thrilled to enter into this partnership with ADEME to jointly support the development of a sustainable and inclusive private sector-driven DRE sector in Benin, Cameroon, and Madagascar, contributing to improved access to clean, modern and affordable electricity, including for essential services such as health care facilities.”

Philippe Masset, Director Europe & International of ADEME confirms: “At ADEME, we have been working in the field of sustainable energy access for more than 30 years alongside our partners on innovative projects. In this line, we are delighted to be able to support ARE in this project, which will strengthen local welfare and socio-economic development by working on two key elements linked to access to sustainable energy: the health sector and the productive uses of energy.”

• Bboxx sees positive results from cash loan pilot in Kenya, providing affordable, quick, and easy access to financial services;
• Necessary step to help bridge the gap with millions of people unfairly excluded from mainstream finance;
• Another step towards Bboxx building a digital marketplace for all underserved customers and following MoU signed to sell smartphones in Togo;
• Scaling partnerships needed to roll out initiatives further in 2022.

15 December 2021: Bboxx, a next-generation utility, is ramping up the promotion of greater financial inclusion in Africa through a series of new initiatives. Among these is a cash loan and affordable financial services pilot aimed at positively transforming lives in Kenya.

The pilot has secured access to finance for customers who would otherwise struggle to obtain it elsewhere. These cash loans will help to significantly support people, from improving financial capacities to invest in businesses like farming to paying school fees, medical emergencies, among other uses. Bboxx acts as the platform between the customer and the lender, using its platform Bboxx Pulse® and its credit scoring algorithm capabilities to identify customers that may require a loan. Bboxx has partnered with a Kenyan Fintech company, a financial services provider to conduct this pilot. Since the launch of the pilot, Bboxx has recorded a repayment rate of 80% and a low NPL (Non-Performing Loans) at 2%. This is a positive indication of what can be expected when scale happens.

The opportunity to transform lives for the better through providing access to financial services is huge, with over half of the population in Sub-Saharan Africa not currently banking or borrowing from a regulated financial institution*. Bboxx’s customers are often building digital credit histories for the first time through paying for their solar energy Pay-As-You-Go via mobile money. Despite being excluded from mainstream financial services, Bboxx’s data backs up that these customers are highly reliable. Bboxx is looking to roll pilots out further in 2022 in Kenya and other markets, working with financial institutions, fintechs and traditional banks.

Bboxx CEO and Co-Founder, Mansoor Hamayun said: “We believe that technology is the key to unlocking inclusive and sustainable development in Africa. The launch of our latest cash loans pilot in Kenya is part of our wider strategy to continually innovate and to promote financial inclusion throughout Sub-Saharan Africa. There is a significant untapped market opportunity here to enable people who have been previously unfairly cut off from finance to reach their full potential.

“Through leveraging our scalable technology platform and decentralised distribution network, we have a growing pipeline of opportunities where we can significantly help customers across a variety of sectors and services. We look forward to keeping up momentum as we accelerate our pilot launches throughout 2022 and beyond, working with a range of partners to put this vision into action.”

The launch closely follows Bboxx’s recent signing of the first ever Memorandum of Understanding (‘MoU’) to sell smartphones in Togo, in partnership with the Togolese Government. The MoU will improve digital inclusion and the delivery of digital public services, with the smartphones made available to the public via more affordable financing options.

Both initiatives form part of Bboxx’s broader vision to build a digital marketplace for all underserved customers across a range of essential sectors and services. Bboxx’s roots lie firmly in clean energy driven by its purpose to tackle energy poverty. The business is investing in IoT technology solutions and using its innovative proprietary Bboxx Pulse® platform to scale clean energy access in Africa. Pulse® software is now evolving further in response to customer demand for wider products and services, including pay-as-you-go LPG clean cooking systems, solar-powered water pumps and irrigation systems for farming, through to TV content, internet and smartphones, all of which can be delivered once people have access to clean energy and built up a track-record of online bill payments.

Access to energy brings people into the digital economy and fosters greater financial inclusion. Bboxx impact analysis has found that thousands of people have undertook more economic activities as a result of using Bboxx’s energy products and services, generating entrepreneurship and $30m of income within hard-to-reach communities who have previously been overlooked.

14 December 2021: The World Bank approved today a $300 million grant from the International Development Association (IDA) that will support the Government of Mozambique’s efforts to increase access to energy and broadband services, as well as strengthen the operational performance of the country’s electricity utility.

“Mozambique’s economy can benefit from systematically harnessing the synergies of energy and digital connectivity in rural and fragile areas to enhance economic productivity, promote inclusive growth and build resilience in a sustainable manner,” said Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Comoros, Mauritius, and Seychelles.

Energy access remains low in Mozambique with significant rural-urban disparities. The rural electricity access rate is estimated at about 8%, against 72% in urban areas. Only 4% of the population in Mozambique has access to clean cooking solutions. Likewise, access to telecommunication services is limited, with only 30% of the population using the internet.

“We will focus on energy provision to the poor, to those displaced by conflict and to critical social services such as schools and hospitals where private sector participation is limited. This financing will also help local enterprises bridge market and capacity gaps and grow as reliable partners in the provision of energy and communication services,” said Samuel Oguah, Senior Energy Specialist, and the project’s co-task team leader.

The project financing will be utilized to expand on-grid peri-urban and rural grid electrification to over 3% of the nation’s population (1,1 million beneficiaries); expand off-grid electricity access and clean cooking solutions through increased availability and affordability with a particular focus on underserved areas of the northern provinces; and expand broadband access for at least 580,000 people thereby supporting efforts to improve service delivery and bridge the digital divide. Part of the funds will also be utilized to improve the electricity utility’s operational performance. The project leverages private sector investments and builds on development patterns’ interventions, particularly on clean energy solutions.

“Another area of our focus is on productive use of electricity particularly in agriculture,” added Claudio Buque, Senior Energy Specialist, and the project’s co-task team leader. “By investing in clean cooking solutions, we’ll contribute to reducing the health risks of women and children, particularly those associated with traditional cooking.”  

“Energy and information and communications technology (ICT) access increasingly go hand in hand – electricity is needed to power digital devices and networks, while mobile communications and payments can unlock new business models for low-cost solar home system deployment,” added Casey Torgusson, Senior Digital Development Specialist, and the project’s co-task team leader. “By adopting a coordinated approach in the deployment of energy and ICT, this project holds significant potential to improve access to energy and broadband services in rural areas, creating greater social and economic connection and opportunities in otherwise isolated communities.”

This project is co-financed by the Kingdom of Sweden and the Kingdom of Norway through the Mozambique Energy for All Multi-Donor Trust Fund with an additional amount of $38 million equivalent and the ESMAP Clean Cooking Fund in the amount of $5 million. It will contribute to the achievement of the government’s National Electrification Strategy, which aims to provide electricity for all Mozambicans by 2030. This operation is aligned with the World Bank Group Country Partnership Framework (CPF) for Mozambique FY17-21, especially on its focus on inclusive growth and private sector development.

###

About World Bank’s International Development Association (IDA): The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 74 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to the 1.3 billion people who live in IDA countries. Since 1960, IDA has provided $458 billion to 114 countries. Annual commitments have averaged about $29 billion over the last three years (FY19-FY21), with about 70% going to Africa. For more information, visit: IDA.worldbank.org.

13 December 2021: Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW/19 MWh storage. The plants will supply low cost, clean and reliable electricity in Maroua and Guider in the Grand-North of Cameroon. IFC is partnering with Release to realise these redeployable projects.

Release by Scatec will further install 7.7 MWp solar in Chad to supply clean, renewable energy to five smaller grids owned by ZIZ Energie. FMO and Energy Access Ventures back the Chad project.

Cameroon

“We are pleased to enter into this agreement with ENEO, which further fuels our journey to make renewable energy more accessible and affordable across growth markets. The deal marks our entry into the Cameroonian market, and we are proud to contribute with a cost-efficient and immediate solution to a cleaner and more stable electricity supply in a region suffering from power shortages caused by droughts limiting the supply of hydropower,” says Raymond Carlsen, CEO at Scatec.

Release by Scatec is a pre-assembled, modular and redeployable solar power and storage system, allowing for fast and easy power generation. ENEO and Release by Scatec have entered into a flexible contract term that enables ENEO to coordinate the generation capacity with their needs going forward.  

IFC will contribute 10-20% of the project costs of the Cameroon project and will further support the development of Release by Scatec through project development activities and future financing.

“Access to sustainable, reliable and affordable power is essential to economic recovery and growth. IFC is proud to partner with Scatec’s Release to help bridge the power gap in Cameroon through a unique solution that enables solar power systems to be quickly deployed to help meet the electricity needs of today while paving the way for more competitive, cleaner and long-term energy sector sustainability in Cameroon. This partnership fits with the World Bank Group’s mandate to align its work with the Paris Agreement goals to help our private and public sector partners meet global climate targets,” says Sylvain Kakou, IFC’s Country Manager for Central Africa.

The first power is expected to be delivered around year end 2021, and the remaining will be delivered in phases, where the full project is expected to be completed by mid-2022.

The pay-back time for Scatec’s investment in the project is in line with previous guidance around the Release business concept.

“The structure of this project is unique as it ensures supply of clean and reliable energy for governments and utilities, without sovereign guarantee requirements or parliamentary approvals. We believe this model will be a sound solution for many utilities in Africa struggling with power shortages and grid instabilities,” says Hans Olav Kvalvaag, SVP Release by Scatec.

Chad

In Chad, Release by Scatec is installing 7.7 MWp of solar plant capacity  across the country, which will support clean energy access to 300,000 people across 5 provincial cities and their newly built decentralised “metro-grids” developed and operated by local private utility ZIZ Energie. ZIZ Energie is backed by the Dutch FMO and Energy Access Ventures and has recently received funding from the Development Bank of Central African States (BDEAC), to build grid infrastructure and connections to provide access to electricity for households and industries in the proximity. Installation of the power plants is expected to be finished during 2022.

The projects in Cameroon and Chad add to Release by Scatec’s ambitions of providing cost-competitive, high-quality and redeployable renewable energy solutions with a unique financing model to countries and consumers that are hit hardest by the impact of climate change.

###

About Scatec ASA: Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. In the first half of 2021, Scatec will have a total of 3.3 GW in operation on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. For more information, visit: www.releasesolar.com.

About IFC: IFC - a member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For more information, visit: www.ifc.org.

13 December 2021: Genius Watter innovative talent and commitment to the environment and social sustainability have been internationally recognized and celebrated at the prestigious AFSIA Solar Awards 2021.

Genius-RO, our solar-powered reverse osmosis desalination technology has won Genius Watter the "Solar Innovation of the year" award, while the Chairman and Co-founder of Genius Watter, Franco Traverso, has won the “Lifetime Achievement” award for his 40 years of experience in the solar sector and his significant long-term contribution to the development of the African solar industry.

Genius Watter has engineered and patented a battery-free modular desalination technology that can provide high volume clean water in off-grid areas by using exclusively solar energy. Genius-RO can successfully meet the water demand from the agriculture, tourism, health care and humanitarian aid sectors in water-stressed locations.

Click on the links below to find out more about the two awards and watch the awards ceremony at the Africa Energy Forum, held in London:

• Solar Innovation of the year - Genius-RO, solar-powered reverse osmosis desalination technology: https://www.geniuswatter.com/afsia-solar-awards-2021-solar-innovation-of-the-year/;
• Lifetime achievement - Franco Traverso: https://www.geniuswatter.com/afsia-solar-awards-2021-lifetime-achievement-award/.

• With this investment, Spark will support its last-mile distributors in supplying solar electricity to hundreds of thousands of low-income households over the next two years.

9 December 2021: Social impact investor Oikocredit is providing a credit line of € 2 million to Spark, a supplier of pay-as-you-go off-grid modular solar solutions and appliances. This credit line will support Spark’s plans to bring access to electricity to an estimated 500,000under-served households in sub-Saharan Africa.

With Oikocredit's support, Spark will be able to give low-income people in the Democratic Republic of Congo, Kenya, Malawi, Liberia, Mali, Niger, Nigeria, Senegal, Uganda, Zambia and others both access to clean energy and a path to ownership of off-grid solar products that can be extended to fit users' growing energy needs. Access to renewable electricity will support households in improving their living standards, increasing their earning potential and achieving lives of greater dignity.

Since its inception in 2013, Spark has pioneered and built innovative solar energy solutions. It has sold more than 75,000 energy kits to date, helping improve the lives of over 375,000 people and providing technical capacity building to 2,700-plus solar sales agents. Renewable energy generated by Spark's solar home systems over their product lifetime currently avoids approximately 200,000 metric tonnes of CO2 equivalent by replacing kerosene lanterns and diesel generators.

Bas Pijnenburg, Finance Director at Spark, said: "Cooperating with Oikocredit enables us to provide renewable electricity to significantly more homes and villages. Working with Oikocredit means we have a partner with a strong presence in the sector. Combining our strengths, we believe Oikocredit and Spark can lead the way towards a better, solar-powered future for under-served households and communities."

Siebren Wilschut, Investment Officer at Oikocredit, said: "We're very pleased to support Spark in its expansion to ensure access to energy and other technology services across Africa. We're proud to be partnering with Spark, a game-changer in the industry, and to support the company as it continues to scale up and increase its social impact by helping low-income people become healthier, improve their livelihoods and be better connected."

###

About Spark: Solar-powered lives are future-proof lives. Spark delivers smart and simple solutions that are owned and operated by the people who need them most. Spark empowers emerging markets to take control of their energy needs with systems that are smartly distributed, viable and sustainable. This means that life doesn’t stop when the sun sets. Spark’s modular solutions make it easier for people to climb the energy ladder and allow small businesses to grow. For more information, visit: www.sparkenergy.io.

About Oikocredit: Social impact investor and worldwide cooperative Oikocredit has 46 years of experience funding organisations active in financial inclusion, agriculture and renewable energy.

Oikocredit's loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America to improve their living standards sustainably.

Oikocredit finances 527 partners, with total outstanding capital of € 876 million (at 30 September 2021). For more information, visit: www.oikocredit.coop.

9 December 2021: The Africa Minigrid Developers Association (AMDA), represented by Chief Executive Officer, Jessica Stephens, and the Common Market for Eastern and Southern Africa (COMESA) represented by the Secretary General, Ms Chileshe Mpundu Kapwepwe, signed a Memorandum of Understanding between the two organizations. The signing of the MOU underscores the two parties' shared efforts to promote sustainable energy access and the energy trade in the COMESA region.

Under this agreement, AMDA and COMESA agreed to enhance the quality of data collection and dissemination about the minigrid sector in the region, improve the availability of financial instruments that increase the sustainability to the sector and support programmes that build synergies with the agriculture, health and education industries. This will be supported by the overarching commitment to work with COMESA states to develop and implement policies and regulations that are supportive of minigrids as a tool to help Africa achieve the United Nations Sustainable Development Goal 7: universal access to affordable and clean energy by 2030.

“The signing of the MoU is part of our efforts as AMDA to create the right policy and finance environment that will help African nations meet their growing energy and climate resilience needs.”, Ms Stephens said.

This notion of cross-continental action was reiterated by Ms Kapwepwe:

“COMESA recognizes that the key challenges faced by most of COMESA member states include inter alia low-level access to modern energy, weak development of energy infrastructure, lack of appropriate financing mechanisms and unclear regulatory environments for private sector involvement in renewable energy projects. We believe that by implementing the regional infrastructure Finance Facility Project (RIFF) and working with organizations such as AMDA, we can see a modern, sustainable energy systems develop in COMESA member states.”

###

About the Common Market for Eastern and Southern Africa (COMESA): The Common Market for Eastern and Southern Africa (COMESA) is a regional inter-governmental organization established by Treaty on 8th December 1994 as an organization of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people’ and as such it has a wide-ranging series of objectives which necessarily include in its priorities the promotion of peace and security in the region. For more information, visit: comesa.int.

About the Africa Minigrid Developers Association (AMDA): The Africa Minigrid Developers Association (AMDA) is the leading body representing private sector minigrid developers on the continent. We work with governments, donors, funding partners and the wider energy sector to build an optimal energy network that will meet the current and future needs of African economies. AMDAs work focuses on improving the financial and regulatory landscape for the decentralized utilities sector ensuring that we can collectively tackle the energy access challenge in order ensure that we eliminate energy poverty. Today, AMDA represents over 35companies, who operate minigrids in 15 Sub-Saharan countries. For more information, visit: africamda.org.

• The two parties will work closely together on de-risking investments in decentralised renewable energy systems.

7 December 2021: The International Renewable Energy Agency (IRENA) signed a memorandum of understanding (MoU) with the Alliance for Rural Electrification (ARE), to strengthen their existing cooperation on rural electrification and universal access to energy. The MoU was signed in the margins of the fifth International Off-grid Renewable Energy Conference (IOREC) by IRENA Director-General Francesco La Camera and ARE Chief Executive Officer David Lecoque.

Off-grid renewable energy solutions provide an opportunity to achieve universal access to energy without undermining climate goals, making them critical to achieving a just energy transition. According to IRENA, decentralised renewables create employment opportunities in productive uses ranging from agri-food and healthcare to communications and commerce in local communities. “Building out the deployment of off-grid renewable energy in low- and medium-income countries is crucial to achieving the 2030 Sustainable Development Goals and delivering positive outcomes for people and communities in rural settings,” said Francesco La Camera, Director-General of IRENA. “This partnership brings together two organisations with complementary strengths but a singular aim to drive inclusive, equitable development through the widespread adoption of renewable energy.”

“ARE is very proud to vastly scale up its cooperation with IRENA to boost distributed renewables and the clean energy transition, underpinned by the ambitious MoU signed today. Building on ARE’s enormous growth in 2021 and IRENA’s public sector leadership, this landmark partnership demonstrates the powerful benefits of strong cooperation between key governmental and private sector actors to achieve our shared objectives,” said David Lecoque, CEO of ARE. The MoU represents an extension to an existing partnership between IRENA and ARE that has seen the two parties work closely since 2012, notably delivering five successful IOREC meetings in four countries. IOREC has quickly established itself as the preeminent global meeting place for the off-grid renewable energy community.

Steady cost reductions and technological innovation have strengthened the business case for off-grid renewables as a means to expand rural electricity access. However, accelerating the deployment of mini-grid and stand-alone solutions will depend also on stable policies and regulations, along with dedicated funds and de-risking instruments for renewables. Moving forward under the new agreement, IRENA and ARE will jointly work on de-risking investments in energy access and decentralised renewable energy and on activities aimed at increasing private sector participation.

The two parties will also exchange expertise on emerging delivery models for the deployment of decentralised renewable energy solutions and collaborate on capacity development in issues pertaining to skills development, improving resilience of decentralised renewable energy projects and renewable energy entrepreneurship support.

25 November 2021:  The Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the closing of a USD 4.2 Million transaction with Sunspot Energy Kenya Limited (operating as Spark Possibilities), to finance new solar home systems in Kenya.

The financing will enable Spark Possibilities to offer an expanded range of solar energy solutions to more households in Kenya and to enter other markets in Sub-Saharan Africa. The relationship underscores the potential for more private sector mobilization, access to improved, reliable and affordable electricity, and contributes to the realization of multiple Sustainable Development Goals (SDGs) including SDG 7 Affordable and Clean Energy, SDG 5 Gender Equality, and SDG 13 Climate Action.

This transaction is supported by TDB’s USD 75 million SME Off-Grid Facility, in turn supported by a USD 415 million World Bank Regional Infrastructure Finance Facility (RIFF) signed with TDB in 2020 – the first of its kind to be extended to a regional development bank by the World Bank’s International Development Association (IDA). Through this facility, TDB finances long-term infrastructure projects, particularly in renewable energy, including those of micro, small and medium enterprises (MSMEs) in need of debt financing.

Founded in 2016, Sunspot Energy Kenya Limited provides affordable, high-value, reliable pay-as-you-go (PayG) solar home systems to customers in rural and semi-rural communities in Kenya. Sunspot has scaled-up principally through private sector funding without any meaningful support from any grant, philanthropic or governmental programs. As a certified B Corp, the company’s core business model contributes to ethical and environmental objectives that align with multiple SDGs. As part of its commitment to grassroots development, most of Sunspot’s personnel is under 30 years old, 99% of its staff is Kenyan, and half of its employees are women. To date, Sunspot operates across 12 Kenyan communities.

Admassu Tadesse, TDB President Emeritus and Group Managing Director said: “In line with TDB’s progressive growth in green energy and SME portfolios, the Bank has been expanding its suite of innovative low-carbon product offerings for clients, including for MSMEs in the region it serves. With 25% of the Kenyan population still lacking access to electricity and almost 30% in rural areas, we are excited to finance Spark Possibilities to build more solar home systems, enabling those who need it the most to run their businesses, study, and improve their living standards overall.”

“With 1,200 jobs expected to be created by the end of 2022 including 700 representatives in local communities, 40% of which are women, Spark Possibilities is growing into an impactful business, which in addition to reducing the electrification gap, is empowering youth and women in rural and semi-rural areas. We are pleased to be part of their story,” added Michael Awori, TDB Deputy CEO and COO. “Via this transaction, we look forward to working together to contribute to further driving triple bottom-line impact in our region.”

“This financing marks a new chapter,” commented Hal Peters, CEO and Co-Founder of Sunspot Energy Kenya Limited. “Having TDB as a long-term partner further raises the bar for our young company, which plans to not only grow its Kenyan footprint but also expand into new Sub-Saharan countries in 2022. With this transaction, TDB has visibly demonstrated its expertise to create an innovative, bespoke debt structure. Clearly understanding prospective financial capacity along the company’s growth path is significant – TDB has great team, and we are delighted that they are our financial partner.”

###

About TDB: Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB) is a multilateral, treaty-based, investment-grade development finance institution, with 41 sovereign and institutional shareholders and assets of USD 7.2 bn. TDB serves 22 economies in its region, with the mandate to finance and foster trade, regional economic integration, and sustainable development.

TDB is part of the TDB Group, which also comprises TDF (the Trade and Development Fund), ESATF (the Eastern and Southern African Trade Fund), TCI (TDB Captive Insurance), and the TDB Academy. For more information, visit: www.tdbgroup.org.

About Sunspot: Sunspot is a revenue-generating, off-grid solar distributed energy services company focused on enhancing the lives of millions of residents living in rural sub-Saharan Africa. For more information, visit: http://www.sparkpossibilities.com/.

About Qbera Capital: Qbera Capital is an independent advisory and asset management firm, facilitating and providing debt and equity solutions for real economy assets and companies specialising in the energy, resources, agricultural and renewables sectors. Qbera Capital is the strategic advisor to Sunspot Energy Inc. and its subsidiaries. For more information, visit: https://www.qberacapital.com/.

22 November 2021: Solaris Offgrid is thrilled to announce their partnership with Kenyan manufacturers The KGS Group, a collaboration put in place to make the AllSola computer Paygo-compatible through PaygOps SaaS platform, enabling underserved and off-grid communities in Sub-Saharan Africa to have access to the Internet and benefit from education and financial opportunities that may help them improve their livelihoods.

The AllSola computer is an integrated solar device with a 60-watt solar panel, a 20 AH lithium battery, a charge controller (for lighting and charging electronics), and an attached Google 9.0 Certified FHD 13.3'' Android screen (for free- to-air TV and Internet). The device provides stable and reliable warm lighting and device charging in addition to a platform for digital TV and internet access through app and digital content.

This robust combination between the AllSola computer and PaygOps flexible features enables an innovative platform with access to energy and digital content to users who are unable to pay for the product in cash. By providing affordable access to the internet, the two organisations are empowering underserved users to be more literate, aware, connected and able to generate income from new opportunities. On top of that, last-mile distributors of the AllSola devices will be able to smoothly manage their lease, sales and after-sales operations through PaygOps, Solaris Offgrid’s renowned last-mile management software.

“We believe that our partnership with PaygOps will increase access to clean energy and information to the right groups, such as marginalised communities, refugees, students, rural populations, and connect them to the rest of the world, thus offering them better life opportunities to improve their lives.” Marielle Fillit, co-founder and CEO at The KGS Group.

Technology and access to the internet are powerful tools to break the cycle of poverty, yet millions of people in emerging markets do not benefit from the advantages of Information and Communications Technology (ICT) products, due to their high costs. Computers are essential tools for schools to create better learning environments and for students to access unlimited resources of information and foster their education. PaygOps is committed to reducing the digital divide, facilitating and promoting access to ICT such as the AllSola computer by The KGS Group.

"In our continued efforts to bring our Paygo and open source technologies to as many sectors as possible, we see The KGS Group as a strong partner that allows us to provide clean energy and digital communications to neglected communities.By leveraging the advantages of the innovative AllSola computer through our Paygo flexible functionalities, we’re supporting LMDs in their mission to serve more customers in remote areas with robust life-changing products”, adds Thibault Lesueur, Co-founder and CCO at Solaris Offgrid.

The KGS Group develops and distributes smart solar products as a positive contribution to fighting climate change. With the AllSola device, they envision a connected world, with renewable energy at its core. Their mission is to achieve quality, efficiency and affordability in providing energy solutions to the right groups of users.

###

About Solaris Offgrid: Solaris Offgrid supports distributors and manufacturers across all industries in over 35 countries through Product Development Services and flexible IT solutions. Solaris Offgrid’s flagship PaygOps platform is an interoperable B2B SaaS which connects energy and utility appliances (solar devices, water-pumps, cookstoves, smart meters, e-bikes) and payment methods (Pay-as-you-go and Mobile Money) within a suite of enterprise applications or API services, to allow distributors to smoothly manage their operations and tackle their challenges at the last mile, thus enabling them to provide affordable essential products and services to millions of people at the Bottom-of-the-Pyramid.

19 November 2021: The African Development Bank Group and the Government of Burundi on Tuesday signed a $29 million grant agreement to finance Phase 1 of the Access to Energy Project, which is part of the country's infrastructure development program.

The agreement was signed during an official meeting in Bujumbura between the African Development Bank Group's Director General for East Africa, Nnenna Nwabufo, and Burundi's Minister of Finance, Budget and Economic Planning, Domitien Ndihokubwayo.

Nwabufo was in Burundi to reaffirm the Bank's commitment to the Burundian government's 2018-2027 National Development Plan. She was accompanied by Daniel Ndoye, the Bank's Country Manager in Burundi, and Marcellin Ndong-Ntah, Chief Economist for East Africa.

Phase I of the Energy Access Project will benefit not only the population but also private sector development, said Ndihokubwayo, welcoming the Bank's donation. The Minister stressed that cooperation between the African Development Bank and the Government of Burundi was well under way.

"The African Development Bank is once again pleased to expand the list of agreements signed with Burundi," said Nwabufo. "Our support will not be limited to the energy sector. It will also take into account agriculture and job creation for young people in the coming years."

18 November 2021: A Memorandum of Understanding (MoU) has been signed between the Business Council of Renewable Energies of Senegal (COPERES) and the Alliance for Rural Electrification (ARE). The MoU sets out the shared goals of the two organisations to address the existing obstacles which hinder the optimal use of the various renewable energies for electrification and the potential for energy efficiency in Senegal. Both organisations agreed to promote social and economic development by increasing the share of renewable energies in the energy mix in West Africa and particularly Senegal.

The associations will work together on a number of activities, including joint advocacy for renewable energy policies in Senegal to create a conducive market environment for decentralised renewable energy (DRE) actors, accompanying and contributing to the government’s efforts to achieve renewable energy targets as well as targeted business development and market intelligence support for DRE companies.

In this regard, the associations aim to develop the capacity of renewable energy stakeholders in Senegal to create local jobs and secure more financing for renewable energy projects and businesses. This will, for example, be achieved by spearheading “DRE Investment Academies” or similar trainings for Senegalese and international DRE developers and other stakeholders, with the aim to attract additional fundraising and technical support.

Finally, the MoU states that the partners will offer business development services for renewable energy actors working in Senegal, to address electrification, energy security and climate change challenges, as well as conduct applied research to foster the market for renewable energy technologies.

David Lecoque, CEO of ARE said: “This MoU exemplifies ARE’s ambition to work in tandem with national counterparts to boost renewable electrification at the country level. The cooperation with COPERES empowers efforts to drive and expand clean and affordable electrification across rural Senegal”.

Karim NDIAYE, President of COPERES said: “COPERES is very pleased with this partnership, which fits well with our missions. We need a strong and innovative private sector in renewable energy. We look forward to a fruitful cooperation with ARE”.

18 November 2021: Kalahari GeoEnergy Ltd, the Zambian geothermal exploration and energy development company whose objective is to be a regional producer of sustainable baseload power, is pleased to announce that the Malawi Ministry of Natural Resources, Energy and Mining has granted the Company’s Malawi registered subsidiary a Reconnaissance Licence for the Chiweta Geothermal target in the northern region of Malawi.

The Chiweta target is 370 Km north of Lilongwe in Rumphi District, proximate to the western shoreline of Lake Malawi. It is within the northern portion of the Malawi Rift, a branch of the East African Rift System, which is widely considered to be very prospective for geothermal.  

A prefeasibility study conducted by ELC-Electroconsult of Italy in 2017 under a credit from the International Development Association of the World Bank to support the implementation of the  Malawi Energy Sector Support Project established that the granitic Basement Complex is overlain by Karoo (Permian) era sediments and a thin level of Quaternary deposits, which would create the  conditions for a caprock for a geothermal system. The geoscientific investigations conducted during  the study included geological, geochemical, gravimetric and geoelectrical surveys, the data from  which were used to create a conceptual model of the field. A volumetric estimate of the electric  potential of the Chiweta system indicates a likely value of 13.5 MW electrical and a highly probable value of 10.5 MW electrical. No drilling was undertaken. 

The Company will now verify earlier exploration results and reassess the model, which is likely to define targets for an exploratory drilling programme, aimed at proving the existence of a geothermal  system and defining its thermodynamic, hydraulic, and chemical features. Concurrently, the Company  will also sample for gases and instigate feasibility studies in selected direct applications. The initial objective is to assess the viability of commercial power generation with an associated hub for direct  applications and if viable undertake development and commercial operation. 

Kalahari Director, Dr Moses Banda, who has led the negotiations with the Malawi Authorities  commented: We thank the Malawi Ministry of Mining for the opportunity to assess the Chiweta  geothermal target. We believe our experience with our Bweengwa River target, which is in a similar  geologic setting, and our experience of operating in the region gives us the ability to conduct and  effectively manage the exploration work required to be able to develop Chiweta.  

Even at a modest scale, sustainable baseload power generation, would have an impact on power  availably and reliability in the Northern Region, which largely relies on hydro power from the Shire River in Southern Region and diesel generation. This is particularly pertinent given increased  uranium exploration and mining around Livingstonia, some 12 km to northwest of Chiweta. Direct applications of thermal energy are likely to lead to greater food security, social uplift, and climate adaption. 

The inclusion of Chiweta is a further step in the Company’s objective of being a regional energy producer. 

Geothermal Energy  

Geothermal energy is the heat produced by sub-surface materials of the earth. It is contained in the  rocks and fluids beneath the earth’s surface, heated by hot molten rock, magma, deeper in the earth’s crust and mantle. To produce electrical power from geothermal energy, wells are drilled to access underground reservoirs and the pressurised steam and hot water contained there, this can then be used  to drive turbines connected to electricity generators. At the identified temperatures in Malawi,  Kalahari is likely to use binary technology to produce power, wherein the geothermal fluid heats a secondary liquid with a lower boiling point and is then pumped back into the reservoir feed zone,  ensuring a closed system. The secondary liquid flashes to vapour to drive the turbine and produce  electricity. The hotter and more pressurised the geothermal fluid, the greater the electricity generated. 

Geothermal power is sustainable, operates at a high capacity and is environmentally benign. In addition to this, the direct application of heat for agro-industrial processes may have a significant impact in strengthening food security at a time of uncertainty as to the ongoing effects of climate change.

###

About Kalahari GeoEnergy Ltd: Formed in 2010, Kalahari GeoEnergy is a privately owned, Zambian-registered exploration company whose objective is to be an Independent Renewable Energy Power Producer. The management and  their consultants have wide-ranging experience in exploration, development and energy utilisation.  

The Company is currently undertaking a Feasibility Study at is Bweengwa River geothermal project in southern Zambia on the Kafue Rift. It is anticipated that a pilot power and direct application units will  be developed in 2022 with commercial development once regulatory permits and funding are in place. 

16 November 2021: The growth of the off-grid solar sector into a USD 1.75 billion industry, delivering energy services to 420 million global users, speaks to the sectors’ immense value.  CLASP, which leads the VeraSol quality assurance initiative, commissioned a study to evaluate consumers’ experiences with off-grid solar products in Kenya, a global off-grid market leader. Overall, the consumers surveyed confirmed that off-grid solar products are indeed delivering as expected, with about 70% expressing satisfaction with solar products’ durability, price and aftersales services offered​.

“It seems that years of quality assurance and consumer awareness support have had their intended impact and led to Kenya’s consumers being more discerning when purchasing solar products, which could be a significant factor in driving the high levels of user satisfaction,” says Dana Rysankova, Global Lead for Energy Access at the World Bank.

This study was the first of its kind and sought to complement existing data gathered through laboratory testing by focusing on how consumers interact with quality-verified and non-quality verified products. “This type of consumer survey is important and will continue to be critical for the sector to understand the effectiveness of adopting quality standards by interrogating the type of products that ultimately reach the consumer and the user experience (which supports the need for quality verification of products),” says Pauline Githugu, Team Leader for the UK aid-sponsored Africa Clean Energy Technical Assistance Facility.

In addition to being a key off-grid market, Kenya is also an early adopter of the IEC quality standards for solar products, making it a suitable example of the value of leveraging government support in implementing national quality assurance measures. EED Advisory conducted the consumer study by visiting and interviewing a nationally representative sample of 3915 households in early 2021 about their experiences with solar lanterns, lighting kits, home systems, and appliances. The study found that 28% of Kenyan households have access to at least one standalone off-grid solar product, with 21% using it as the primary source of lighting. Rural households were more than twice as likely to have off-grid solar products as were urban households (37% vs 16%), and seven counties (Homa Bay, Kilifi, Kitui, Machakos, Migori, Narok and Siaya) stood out as having a higher prevalence of off-grid solar products compared to the rest of the country.

The study results highlight a clear link between quality assurance and consumer satisfaction in many but not all aspects. For example, respondents indicated similar satisfaction rates with product durability for quality-verified (77%) versus non-quality verified (72%) solar lighting systems. However, for product breakdowns, a significantly higher proportion of non-quality verified solar lanterns (19%) and solar home systems (31.3%) were reported to have broken down compared to quality-verified ones (9.2% and 8.9%, respectively). For repair cost, there was a stark difference, with non-quality verified lanterns over three times more expensive to repair than quality-verified lanterns in Kenya.

The study proposes building firm-level verification methods and standards, strengthening partnerships between affiliate brands and last-mile distributors, and leveraging brand integrity to predict products’ quality and service to enhance quality assurance. Read the full ‘Quality in the Off-Grid Solar Market: An Assessment of the Consumer Experience in Kenya’ report for more information.

###

About VeraSol: An evolution of Lighting Global Quality Assurance, VeraSol supports high-performing, durable off-grid products that expand access to modern energy services. VeraSol builds upon the strong foundation for quality assurance laid by the World Bank Group and expands its services to encompass off-grid appliances, productive use equipment, and component-based solar home systems. VeraSol is managed by CLASP in collaboration with the Schatz Energy Research Center at Humboldt State University. Foundational support is provided by the World Bank Group’s Lighting Global program, UK aid, IKEA Foundation and others. For more information, visit: verasol.org.

16 November 2021: Kiri Energy has won the Kenyan stage of the EDF Pulse Africa Tour, part of the more global EDF Pulse Africa innovation competition. Twelve candidates will take part in the grand finale, held on December 2 in Paris. Embodying EDF's commitment to Africa, the EDF Pulse Africa competition supports its most promising innovative start-ups to meet Africa's current energy challenges and contribute to its economic development.

The EDF Pulse Africa Tour, launched in 2019, is conducted in partnership with African incubators and other EDF institutional partners to meet innovative start-ups on the ground. During the Kenyan finale, two candidates stood out among the nine finalist start-ups, demonstrating the diversity of the Kenyan entrepreneurial and start-up ecosystem.

The entrepreneurs presented and defended their projects in front of a jury of experts in the field of entrepreneurship, renewable energy, and energy transition, composed of Luc Koechlin, EDF VP for Southern and Eastern Africa; Christ Anderson Ahoua Boua, EDF Pulse Africa Project Manager; Dennis Keya, EDF Kenya Country Manager; Vladimir Dugin, Investor at Energy Acess Venture; Lillian Marenya, Head of Catalytic Support at GrowthAfrica; Mikayla Czajkowski, Chief Of Staff at Sunculture; Jerome Baconin, Head of the Economic Service at the French Embassy in Kenya; Jeff Vanden Berghe, Managing Director of BBOXX Kenya; as well as Emmastella Gakuo, COO and Co-founder of Savanna Circuit.

At the end of this stage, the jury finally awarded two prizes (a first prize and a "jury's coup de coeur") to two Kenyan entrepreneurs:

• The first prize was awarded to the start-up Kiri Energy and its integrated distribution offer of electric scooters;
• The jury's coup de coeur is the project Baridi, which creates and commercializes systems of conservation of meat by the cold fed by solar panels, in a “Pay-as-you-store” fashion.

During the final, on December 2, 2021, in Paris, four winners will be able to win up to €15,000 and join the EDF Pulse Africa Factory, an acceleration program bringing together players committed to accompanying and supporting the growth of African “nuggets” in the field of energy access. 

This fourth edition is redoubling its ambition after a growing success over the last five years, with 79 profiles selected in 2017 against 536 in 2019, spread over more than half of the 54 African countries. It will award three prizes as well as a "jury's coup de coeur" to African start-ups and SMEs proposing innovative solutions in the following areas:

• Off-grid power generation - any innovative solution for the generation or storage of electricity in off-grid areas;
• Electricity services and uses - any service that extends electrification and any innovative product that is electricity efficient or reusable by users of electricity services;
• Access to water - any innovative solution to improve access to water through electricity.

"EDF Pulse Africa is at the core of EDF dedication to the renewal of energy offering in Africa, pushing and supporting innovation to foster the emergence of locally produced solutions," says Luc Koechlin, EDF VP for Southern and Eastern Africa.

This initiative is a continuation of the EDF Pulse Awards. These awards were launched in 2012 and fostered 1,500 innovative projects in France, the UK, and Italy. They are part of EDF's strategy to identify potential partners, develop its ecosystem, and give visibility to young innovative African structures to gain agility and respond more appropriately to market needs.

As a reminder, EDF has been present for 50 years in more than 14 African countries, with more than 500,000 households electrified according to a "low-carbon" model that favors sustainable and accessible energy. This is evidenced, for example, by its acquiring of shares in two Kenyan companies, Aconet Energy Kenya, which specialized in solar energy destined to companies, and Bboxx Kenya specialized in the development of autonomous solar kits. EDF aims to expand its off-grid offering to the residential market and connect more than two million Kenyans to electricity by 2025.

• Seven-Up Bottling Company (SBC) is partnering with Daystar Power to roll out solar systems as a primary day-time energy source for all its Nigerian factories over the next year. These installations will bring SBC’s total installed solar power capacity to 12MW, making it Nigeria’s largest industrial player using solar energy to power its operations.

10 November 2021: Daystar Power, the leading provider of solar power solutions to West Africa’s industrial manufacturers, announced that it has reached an agreement with SBC to install 10.5MW solar power systems for five of its factories across Nigeria. This will bring SBC’s total installed solar power capacity to 12MW, making it Nigeria’s largest industrial manufacturer to power its operations with solar energy.

In 2021, SBC partnered with Daystar Power (“Daystar”) to design, operate and manage nearly 1.5MW solar power systems at two of its bottling plants. Daystar installed 450kW and 990kW solar systems at SBC’s Kaduna and Kano factories. The rooftop installations consisted respectively of 842 535Wp panels and 1,543 535Wp and 532 310Wp panels. With the two solar power systems, SBC will offset a combined 24,224 MT in CO2 emissions over the installations’ twenty-year lifetime and save up to 40% on its power costs.

Following these two installations, SBC has committed to partnering with Daystar on additional solar power systems at its five factories in Abuja, Lagos (Ikeja), Ibadan, and Ilorin over the next six months. This will bring Seven-Up’s total installed solar power capacity to 12MW across 7 factories. The solar power systems at the factories could provide over 50% of its total daytime power consumption depending on the installation size and amount of sunshine. Current Daystar clients in Lagos have generated up to 86% of total daytime energy needs from solar power.

Both companies are in discussion to roll out solar energy as the primary daytime power source at SBC’s nine sites in Nigeria, making it Nigeria’s largest industrial manufacturer to use solar energy in its operations.

“We’re delighted to deepen our partnership with Daystar Power to install solar power systems for our Nigerian operations. Solar energy is a win-win for us - we can save significantly on our power costs and reduce our carbon emissions,” said Ziad Maalouf, Managing Director of SBC.

“Seven-Up has shown extraordinary leadership in adopting solar energy. They are proof that Nigerian industrial manufacturers can save costs on energy and meet their sustainability requirements,” said Jasper Graf von Hardenberg, CEO and Co-founder of Daystar Power.

“We’re excited about this partnership between Daystar Power co-founders, Jasper Graf von Hardenberg and Christian Wessels who are Endeavor Entrepreneurs, and Faysal El-Khalil, Chairman of Seven-Up Bottling Company, who is a member of the Endeavor Nigeria board. Daystar Power has built a fantastic solution and we were thrilled we have a board member whose company would benefit from using solar energy to power its operations. This partnership clearly illustrates the magic of the Endeavor network and the relevance of fostering lasting relationships,” Tosin Faniro-Dada, Managing Director and CEO, Endeavor Nigeria.

9 November 2021: At COP26, World Resources Institute (WRI), in partnership with the International Solar Alliance (ISA) and Bloomberg Philanthropies, launched a Solar Investment Action Agenda, which identifies potential high-impact opportunities to rapidly accelerate solar investment and reach ISA’s goal of mobilizing US$1 trillion by 2030.

To meet both climate goals and growing energy needs over the coming decades, the world must rapidly scale investment in solar energy. Scaling solar deployment – by providing access to clean electricity, creating jobs, improving human health, and advancing gender equality – can help countries tackle growing demand for energy and achieve multiple Sustainable Development Goals.

The Action Agenda summarizes policy and risk management actions that can unlock investment by industry, governments and investors—and initiates an examination of the institutional arrangements needed to accelerate solar deployment. It will guide the development of a Solar Investment Roadmap to be released in 2022.

“The time for solar energy is now. Solar makes economic sense for energy access, energy security and climate mitigation,” said Ani Dasgupta, President & CEO, World Resources Institute. “We must ensure that the commitments made by financial institutions, governments and foundations are used to scale up solar and get energy to the people who need it most. The Action Agenda and Roadmap can help us get there. WRI is pleased to work alongside the International Solar Alliance and Bloomberg Philanthropies to accelerate this movement.”

Enormous growth and investment in solar generation capacity will be required to meet global climate and development goals. Solar investment today lags far behind global needs: To get the world where it needs to be, average annual solar investment needs to double through 2050. And today, developing and emerging economies — home to two-thirds of the world’s population — receive only 20% of global renewable energy investment.

“Solar can be capitalized to help lift people out of energy poverty, and drive the transition to a low-carbon economy. Trillions of dollars in investment need to be mobilized and the right policy frameworks need to be put in place,” said Dr. Ajay Mathur, Global Director, International Solar Alliance (ISA.) “The ISA is working towards mobilizing USD 1 trillion of investment for a massive deployment of solar energy technologies and for expanding solar markets. Public and private finance must be equal contributors in mitigating the climate change challenge. ISA’s partnership with Bloomberg Philanthropies and World Resources Institute to develop the Solar Investment Action Agenda and Solar Investment Roadmap will drive the infrastructure and ecosystem requirements for a zero carbon emission future.”

Scaling solar investment is essential to build just, resilient and climate-safe economies. In addition to helping achieve global climate goals, clean electricity from solar can meet growing demand across a range of end uses, including buildings, transport and agriculture, and next generation solar technologies are critical for enabling the industrial sector to decarbonize. Solar power also diversifies countries’ energy supply, thereby increasing energy security and improving system resilience in the face of challenges like extreme weather. And, critically, it makes economic sense.

"Speeding up investment in solar power is critical to winning the battle against climate change,” said Michael R. Bloomberg, the UN Secretary General's Special Envoy for Climate Ambition and Solutions and Founder of Bloomberg Philanthropies. “It will also help us deliver energy to the hundreds of millions of people who still lack it without increasing carbon emissions and deadly air pollution. We're glad to be working with the International Solar Alliance and WRI on this roadmap to ramp up solar investment and unlock its benefits. The more we work together, the faster we can turn plans into action."

“The scale of investment needed to fulfill solar’s potential to achieve these benefits is possible to achieve through increased collaboration among public and private sector actors. “A better climate future is within reach provided countries have access to the scale and type of finance needed,” said Mafalda Duarte, CEO of the Climate Investment Funds, among the world's largest multilateral climate funds. “Concessional climate funding is key to overcoming investment barriers and to crowd in other sources of finance. We at the Climate Investment Funds have demonstrated it across sectors and geographies and are launching new initiatives at COP26 to raise the level of ambition.”

Just as critically, there is an urgent need to ensure that committed investments and financing are programmed in time to meet climate goals and in a way that results in an equitable distribution of solar energy to support energy access and security.

“At COP26, it is clearer than ever the world needs to change energy for good to expand access to renewable electricity for those without, create good jobs for people and avert greenhouse gas emissions,” said Dr. Rajiv J. Shah, President of The Rockefeller Foundation. “The Global Energy Alliance for People and Planet, which we launched last week with $10 billion in committed capital and nearly two dozen public and private sector partners from around the world aims to do just that; and we applaud the International Solar Alliance and WRI‘s new Solar Investment Action Agenda and Roadmap.”

The Action Agenda—and the more detailed Solar Investment Roadmap that will follow in 2022—will help governments and investors expand solar energy for households, electrical utilities and industry. The Roadmap will analyze high-impact opportunities to equitably scale solar investment and deployment; define strategic interventions by policymakers and investors to increase the level and pace of investment; strengthen coalitions of governments, private sector leaders and international financial institutions to optimize opportunities for scaling solar; and help mobilize $1 trillion of solar investment by 2030.

###

About World Resources Institute: World Resources Institute (WRI) is a global research organization that spans more than 60 countries, with international offices in Brazil, China, India, Indonesia, Mexico and the United States, regional offices in Ethiopia (for Africa) and the Netherlands (for Europe), and program offices in the Democratic Republic of Congo, Turkey and the United Kingdom. Our more than 1,400 experts and staff turn big ideas into action at the nexus of environment, economic opportunity and human well-being. For more information, visit: https://www.wri.org/.

About Bloomberg Philanthropies: Bloomberg Philanthropies invests in 810 cities and 170 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a pro bono consultancy that works in cities around the world. In 2020, Bloomberg Philanthropies distributed $1.6 billion. For more information, visit: bloomberg.org. 

About International Solar Alliance (ISA): The ISA is a growing international organisation of 80 member countries. ISA supports governments around the world to improve energy access and security by promoting solar energy as a sustainable, affordable and resilient way to transition to a carbon-neutral future. ISA’s vision is to facilitate energy access in every corner of the world by delivering cleaner electricity to all by 2030. ISA’s mission is to unlock USD 1 trillion of investment by 2030 by reducing the cost of the technology and its financing, and increasing the skills of people working in the industry. The ISA will help deliver global relevance, local benefit to all countries through collaborations, with its key interventions focusing on readiness & enabling activities, risk mitigation & innovative financing instruments, which will then facilitate the promotion and deployment of technologies in respective target markets.

About the Climate Investment Funds: The Climate Investment Funds (CIF) was established in 2008 to mobilize resources and trigger investments for low-carbon, climate-resilient development in select low and middle-income countries. 14 contributor countries have pledged up to $10.5 billion to the Funds. To date, committed CIF capital has generated an additional $61 billion in co-financing for mitigation and adaptation interventions at scale in 72 recipient countries. CIF is one of the largest active climate finance mechanisms in the world. For more information, visit: www.climateinvestmentfunds.org.

About Global Energy Alliance for People and Planet: The Global Energy Alliance for People and Planet (GEAPP) launched on November 2, 2021 at COP26 with USD10 billion of committed capital to accelerate investment in green energy transitions and renewable energy solutions in developing and emerging economies.  This historic partnership leverages catalytic grant funding to unlock investment capital with the aim of mobilizing USD100 billion in public and private capital in order to reach one billion people with reliable, renewable power, avoid and avert four billion tons of carbon emissions, and create, enable, or support more than 150 million jobs and drive economic growth over the next decade.  The Alliance serves as a platform for collaborative action and provides grant funding, technical assistance, and a range of financing options.  For more information, visit: www.globalenergyalliance.org.

• Delivered by leading advisory firms, the new service will help to bridge the access-to-finance gap for local, earlier stage companies in sub-Saharan Africa, the Caribbean, and the Pacific.

4 November 2021: On the COP26 Energy Day, the European programme GET.invest – supported by the European Union, Germany, Sweden, the Netherlands, and Austria – is officially launching the pilot phase of the GET.invest Finance Readiness Support, a new offering to help locally-owned and managed energy access companies, particularly in sub-Saharan Africa, access finance.

Across market segments, these companies tend to face significant barriers in tapping into funding opportunities, not least due to their track record, size and financing requirements. This is mirrored in global market trends. Investments in the off-grid solar sector have been highly concentrated, with the top 10 recipients of financing receiving 80 percent of the total value of investment in 2020 (GOGLA Off-Grid Solar Investment Trends 2020). This access-to-finance gap is a major roadblock for universal energy access, as 84% of people without access to energy live in rural areas and could benefit from companies with deep distribution roots and knowledge of local customer preferences. Furthermore, small and medium sized companies (SMEs) in emerging markets are widely considered key engines of growth, job creation and economic development.

Building on broad stakeholder consultations as well as the experience of supporting over 200 companies and projects in the sustainable energy sector, GET.invest launches the Finance Readiness Support to complement the advisory portfolio of the GET.invest Finance Catalyst. As such, the new service will target local, earlier stage micro-, small- and medium-sized energy companies and provide hands-on, in-depth business development advisory and coaching along the fundraising journey.

In the words of Michael Franz, Team Leader of GET.invest: “With this new service, GET.invest extends its support of mobilising renewable energy investments to an underserved clientele, who in turn often serves those in greatest need of access to energy. The GET.invest Finance Readiness Support has been built specifically for locally owned and managed businesses aiming for growth but in need of customised, professional advisory to get there. Our new service will support them in getting ready for investment and accessing finance, usually for the first time. Our vision with this is to make a real difference towards reaching SDG7 with diverse and vibrant energy markets.”

The GET.invest Finance Readiness Support will be implemented by eight advisory firms: Catalyst Off-Grid Advisors, Energy 4 Impact, GFA Consulting Group, GreenMax Capital Advisors, Inensus, KPMG, Open Capital and Persistent. In its initial pilot phase, the service will draw on the firms’ networks to support innovative, impactful and scalable companies and projects, based on eligibility criteria developed in collaboration with industry associations.

GET.invest will shape the Finance Readiness Support throughout the pilot phase by working closely with several core partners, including the Alliance for Rural Electrification (ARE), GOGLA, the Global Distributors Collective (GDC), the Clean Cooking Alliance (CCA) and ENERGIA (Hosted by HIVOS). 

Additionally, GET.invest is collaborating with national renewable energy associations including the

Associação Moçambicana de Energias Renováveis (AMER), Energy Private Developers (EPD), the Renewable Energy Association of Nigeria (REAN) and the Uganda National Renewable Energy and Energy Efficiency Alliance (UNREEEA). More partners are expected to be mobilised. Via this coalition, lessons learned and knowledge generated will also be shared with the energy access community at large.

“We are glad to see this facility materialise, especially in the aftermath of Covid-19 and its impact on earlier-stage locally-owned enterprises. This service will be crucial to reach our goal of ‘energy access for all’. GET.invest is uniquely positioned to drive this forward given its wide network and partnerships with the industry associations at global and national levels, which can make this approach more holistic and inclusive,” said Sarah Bieber, Associate Director for Strategic Partnerships at Acumen on the occasion of the launch.

Ruchi Soni, Programme Manager, Results-Based Financing at SEforALL, added: “A just and equitable energy transition can only happen with increased investment in local energy access enterprises, including those serving the last mile. The GET.invest Finance Readiness Support will be key in mobilising much needed capital for these companies.”

###

About GET.invest: GET.invest is a European programme which supports investments in decentralised renewable energy. The programme targets private sector business and project developers, financiers and regulators to build sustainable energy markets in developing countries. Services include market information, a funding database, matchmaking events and access-to-finance advisory. The programme is supported by the European Union, Germany, Sweden, the Netherlands, and Austria, and works closely with initiatives and business associations in the energy sector. The GET.invest Finance Readiness Support is a service of GET.invest. For more information, visit: https://www.get-invest.eu/.