CrossBoundary Energy Access Raises $16 Million to Finance 190 Solar Minigrids in Sub-Saharan Africa

solar minigrids

CrossBoundary Energy Access is investing an initial $16 million of capital to finance about 190 solar minigrids, each with a capacity of 6 kW-1 MW, across Sub-Saharan Africa. All told, the minigrids will bring electricity to nearly 34,000 off-grid, rural households and businesses -- about 70,000 people who now lack energy access, according … [Read more...]

Seeking the Right Business Model for Sub-Saharan Africa’s $11B Mini-grid Opportunity

Sub-Saharan Africa

Work is underway by a new Rockefeller Foundation-backed lab to test mini-grid business models for Sub-Saharan Africa, where the technology could cost-effectively serve 100 million people, representing an $11 billion opportunity. In all, about 600 million people in the area do not have electricity, a problem being tackled by the Mini-Grid … [Read more...]