28 Nov '16, 9am

USAID invests US$4 million in African off-grid solar

USAID invests US$4 million in African off-grid solar

The eight start-up recipients of the funds were: d.light, Vitalite, PEG Africa, Greenlight Planet, Orb Energy, Fenix, Shinbone Labs and Village Energy. Source: Africa Solar Designs The United States Agency for International Development (USAID) has announced US$4 million in new investments for off-grid solar in Africa during the COP22 conference in Marrakesh, Morocco. The funds will go to eight selected companies that are supporting solar start-up ventures for the residential sector through the US$36 million ‘Scaling Off-Grid Energy’ programme. Andrew Herscowitz, coordinator of Obama’s Power Africa scheme, said this off-grid development programme is specifically targeted at innovators such as d.light and Greenlight Planet who are “scaling up their inventions” and will provide seed funding for the purposes of geographic expansion, the testing of new business models and the c...

Full article: http://www.pv-tech.org/news/usaid-invests-us4-million-in-...

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