As solar falls in price, innovators see opportunities to create off-grid energy solutions for the millions without access to power. Entrepreneurs have identified ways to leverage these technologies to build businesses addressing energy access in emerging markets. This week’s articles take a look into recent developments in the market. Why solar costs will fall another 40% in just two years by Giles Parkinson on Renew Economy The World Energy Future Conference took place in Abu … read more
Simpa Networks announces commercial debt financing to scale up its clean electricity solutions in rural India
FOR IMMEDIATE RELEASE
BANGALORE – 17 December 2014 – Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program.
An estimated 400 million people in rural India still do not have access to an electricity … read more
Access to clean, affordable energy for the rural poor is an issue that we are actively trying to solve. Solar power is a great solution, but solar products often have large up-front costs and the rural population can be skeptical about purchasing technologies they know little about. Entrepreneurs are taking the initiative to overcome these obstacles by creating innovative financing models or technical solutions such as integrating pay-as-you-go technologies with solar products, notably our own … read more
Most of the developing world finds itself in an energy crisis, with little to no access to the grid or unreliable power supply for those with access. The portion of the world with reliable energy on the other hand wastes billions of dollars worth of watts every year. The articles below discuss each of these energy problems and outline solutions that could save money while providing more.
Solar energy is one of the biggest potential sources for decentralized energy. Check out news from the last few weeks on the latest news in the solar industry.
Nebo Suggests Adoption Of Solar Energy By Africa on Leadership Newspaper
Nigeria’s Minister of Power, Prof. Chinedu Nebo, recently suggested that African countries should embrace solar energy as a major form of power generation for the continent. He cited the expansive solar resources that Africa holds and … read more