US Development Bank to Invest $2B to Overcome Energy Poverty in Partnership with The Rockefeller Foundation

The US International Development Finance Corp. (DFC) plans to invest up to $2 billion, and The Rockefeller Foundation up to $50 million, to end energy poverty by expanding development of distributed energy systems, including minigrids. The two organizations announced a memorandum of understanding today to work together to bring reliable … [Read more...]

Rockefeller Foundation Pledges $1B for Green Covid-19 Recovery, 10,000 Minigrids

The Rockefeller Foundation will invest $1 billion over the next three years to boost a green pandemic recovery, including construction of 10,000 minigrids in developing countries.  The foundation’s announcement says it will collaborate with global investors, governments and international organizations to drive public-private development of … [Read more...]

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

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...]

Inside the Rockefeller Foundation’s $20 Million Plan to Improve Energy Access in India

The Rockefeller Foundation recently announced it will invest $20 million to expand energy access in rural India over the next three years. Off-grid renewable minigrids, as microgrids are known in India, figure prominently in the foundation's plans. Smart Power India, a program launched by the foundation in 2015, intends to bring sustainable … [Read more...]