Investment
Aggreko Acquires Advanced Battery Storage-Smart Microgrid Systems Pioneer Younicos for $52 Million
Aggreko and Younicos' chief executives waxed optimistic regarding the all-cash, GBP40 million acquisition and merger despite expectations Younicos will continue to lose money over the near term.
Read more →Microgrids without Subsidy? Check Out the C&I Market
Microgrids often need some form of policy support. This is especially so for microgrids that are deployed for a public purpose, such as community resilience. Because utility distribution microgrids face a higher regulatory standard, they also often incur a premium…
Read more →Facebook, Microsoft Join in Launch of Sustainable Microgrid Investment Accelerator
Facebook and Microsoft are joining the growing ranks of leading high-tech industry players aiming to expand sustainable energy access and renewable energy microgrid deployment across the developing world. Partnering with clean energy venture capital specialists at Allotrope Partners, the high-tech industry leaders aim to raise $50 million from 2018-2020 to expand sustainable energy access in East Africa, India and Indonesia.
Read more →First Non-Recourse Project Financing for Utility “Behind the Meter” Battery Energy Storage
CIT has completed the first non-recourse project financing package for Macquarie Capital, which is working with Advanced Microgrid Solutions, to bring 50-MW of "behind the meter" battery storage capacity online to shore up Southern California Edison grid services in pockets of the West Los Angeles Basin.
Read more →Solar Crowdfunding Non-Profit Wins DOE-SunShot "Solar in Your Community" Seed Funding
Innovative non-profit, community solar-focused RE-volv will use an initial $100,000 seed grant to further develop its plans to install solar PV systems for 10 local non-profits and take another step towards winning a $100,000 "Solar in Your Community" grand prize.
Read more →Episcopalian, Methodist Churches Plow $60MM into Developing World Off-Grid Solar
The Church Pension Fund and Wespath Benefits and Investments have invested $60 million ($30 million each) in Developing World Markets’ (DWM) landmark $60.8 million ORCA (Off-grid Renewables-Climate Action) note.
Read more →MTN, Lumos Global Expect to Empower 1 Million Nigerians with Launch of Mobile Electricity Service
The advent of off-grid, mobile pay-go household solar energy systems is producing amazing results in a growing range of Sub-Saharan nations. The MTN-Lumos partnership serves as a prime example.
Read more →USAID Adds Momentum to Sub-Saharan Off-Grid Solar with $4 Million of New SOGE Grant Awards
USAID will award Scaling Off-Grid Energy Development Grand Challenge grants of up to $500,000 each to Sub-Saharan start-ups that demonstrate commercially promising innovations and show they've raised sufficient capital from private sector investors.
Read more →Haiti Solar Micro-Utility Amps Up, 20x Expansion in Customer Base on Tap
The first to be awarded funding from ElectriFi, pioneering renewable energy micro-utiliy Sigora International aims to expand the customer base of its pilot, community solar microgrid from 5,000 to 136,000 (27,000 accounts).
Read more →Nigeria Launches National Off-Grid Pay-Go Solar Homes Initiative
20,000 households are expected to benefit by having off-grid, mobile pay-go solar energy systems installed over the next 12 months in the initial phase of Nigeria's Solar Home Systems initiative.
Read more →Nigeria Bank of Industry Pumps Up Mobile Pay-Go, Solar Microgrid Financing
A solar energy revolution is building momentum in Nigeria as BoI joins with multilateral development agencies, wirless network operators, local entrepreneurs and rural residents to roll out solar home energy services.
Read more →Solar PV, Renewable Microgrids Stand Out in 2017 IRENA/ADFD Joint Facility Awards
Four renewable energy projects in Africa and the Pacific region will receive $44.5 million in IRENA-ADFD Joint Facility loans that come with low interest rates and other favorable terms developers would not be able to qualify for otherwise.
Read more →D.light Raises Another $10.5MM as Kenya Launches $150MM Mobile Pay-Go Solar Plan
A mix of equity and grant funding, the capital infusion brings the total amount d.light has raised over the past four months to more than $40 million, highlighting growing investor confidence in mobile pay-go solar as an effective means of sustainable socioeconomic development..
Read more →Jacobs Engineering Group Selected for NJ Transit Microgrid Design and General Engineering
NJ Transit is constructing the first of its kind microgrid that takes advantage of transit infrastructure to harden critical infrastructure. The Project is a result of a partnership between NJ TRANSIT, the New Jersey Board of Public Utilities, the U.S.…
Read more →Pay-As-You-Go Solar and Microgrids Considered New Class of Infrastructure Investment
Small enough to be deemed insignificant by conventional power market and investment standards, off-grid solar-storage mini- and microgrids now account for a significant and still growing share of electrification taking place in a diverse range of populous countries around the world – from Peru, Pakistan and Yemen to island nations, including the Dominican Republic, Fiji, Samoa and Indonesia.
Read more →Biggest Drivers Of US Electric Grid Transformation According to DOE
According to the 2nd Quadrennial Energy Review , here the key trends shaping the electricity sector today. It also reads as a list of opportunities for microgrids. Increasing Importance of “Internet of Things” (IoT) and Digitization. IoT is “sensors and…
Read more →World's First Open Microgrid Lets Commercial Zones Co-Invest and Optimize Energy Resources
Two new pilot projects, dubbed 'E-Cloud' seek to develop and optimize open microgrids in Belgium's industrial zones. E-cloud is funded by the local Wallonia government. The "eco-zoning" will allow different companies in the same commercial park to invest together into…
Read more →'Microgrid as a Service' Projected Annual Growth Over 15% In New Report
According to a new report from Markets and Markets, the Microgrid as a Service (MaaS) is likely to grow at a CAGR (compound annual growth rate) of 15.86% between 2015 and 2022, bringing the market from a 2015 base of…
Read more →Solar Startup Harnesses the Power of the Sun and the Mighty Zambesi
Construction of the first three of a planned 12 hybrid solar-hydroelectric microgrids highlights the creative, effective ways multilateral Power Africa off-grid energy program partners are teaming up with African entrepreneurs to bring affordable, reliable, emissions-free electricity access to rural communities for the first time.
Read more →Off-Grid Solar Industry Investments Rise 15-Fold, Total $276 Million in 2015
Two market research reports from the World Bank Group's Global Lighting Program and GOGLA reveal growing use of off-grid solar energy and associated solar products and the beneficial impacts they're making worldwide, particularly in rural and remote communities.
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