One of Africa’s pioneering renewable energy-powered metrogrid companies has announced the successful close of over USD 40m in Series B equity funding.
The position paper, co-authored by the REPP and the Africa Minigrid Developers Association (AMDA), sets out a series of recommendations for ramping up financing for mini-grids in Africa.
President Ndayishimiye of Burundi announced plans to double the country’s solar capacity at a ribbon cutting ceremony at the first solar field, which was financed by REPP. The 7.5MW field in Mubuga was the result of a multinational effort and has been providing more than 10% of nation’s electric generation capacity since it was commissioned in 2021.
Nuru SASU is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 after securing an initial USD1.5 million from Camco-managed Renewable Energy Performance Platform (REPP), Proparco and E3 Capital.
A multi-stakeholder position paper co-authored by REPP was published today, setting out a series of recommendations on how to improve the bankability of Nigeria’s mini-grid policy and regulatory framework.