Leading investors “strongly encourage” donors to provide more effective support for mini-grids in Africa
Diverse group of investors with over $2.0 billion under management say well-designed Results-Based Financing (RBF) for mini-grids will accelerate access to electricity for 600 million people in Africa, and unlock significant private capital.
Pilot project to build mini-grids in Rwanda under way after receiving financial backing from UK-government funded REPP
Initial phase of work expected to pave way for up to 220 mini-grids in the East African country, reaching up to 150,000 people currently living without any access to clean energy.
UK-government funded REPP and EC-sponsored ElectriFI have provided US$2.2m and US$3m initial loans respectively to catalyse rollout of clean energy access to some of the country’s remotest communities.
London, 11 December 2018 – Sub-Saharan Africa’s small to medium-scale renewable energy sector has been given a major boost after the UK Government committed £100m extra funding for REPP. The additional investment should enable REPP to support the financing of up to 40 more projects across the region from 2019-2023 – providing improved or first-time…
REPP signs support agreement with project developer Gigawatt Global for 7.5MW solar PV power plant in Burundi.
Programme signs support agreement for two run-of-the-river hydropower plants in Kenya with developer Virunga Power.
More than 34,000 people are set to gain first-time access to clean, grid-quality energy after a landmark deal was agreed to provide long-term finance for solar PV mini-grids in Tanzania.
Innovative service providing rural communities with credit to purchase solar systems is looking to double its reach after securing additional US$25m funding.
See the full transcript of the REPP team leader’s guest appearance on the popular broadcast series this week.
Responsibilities include implementation, operation and monitoring of environmental and social management system during construction and operation of the 6MW run-of-river power plant.
Small-scale renewable energy developers Virunga Power today announced the first closing of its Series A corporate financing round with a total of US$ 5m invested – half from REPP, the rest from the Electrification Financing Initiative (ElectriFI), a REPP partner. In addition to the corporate investments, REPP and ElectriFI will pursue aligned investments in project…
We are delighted to announce the reappointment of Peter Coveliers as a member of the four-person Board of REPP from 1 December. Peter joined REPP as a Founding Director in December 2015, while he was working as Deputy Head of at Climate Change and Energy Division at the European Investment Bank, which co-founded REPP with…