Renewable Energy

Using tech to enable the production of energy from sources such as wind, solar, biomass or hydropower, that can be constantly replenished. The sector is getting smarter with the use of apps, and IoT enabled devices.

At ₦617 per litre, here are the EV alternatives to petrol in Nigeria

Bolu Abiodun

4 months ago

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Renewable Energy

At ₦617 per litre, here are the EV alternatives to petrol in Nigeria

At ₦617 per litre, would you consider an electric vehicle? Tesla is expensive, but can Nigerian EV manufacturers create a car that is affordable and fit for Nigeria?

Bolu Abiodun

4 months ago

Renewable Energy

Can electric buses work in Lagos?

The Lagos State Government (LASG) has announced the launch of the first set of electric buses in its Lagos Mass Transit Master Plan. While the government plans to modernise every sector of the state, is its ambition for electric buses sustainable? We take a look at what...

Bolu Abiodun

7 months ago

Renewable Energy

592 million Africans do not have electricity, but this company has an AI solution

Africa has the most people living without electricity globally, and the companies building affordable renewable solutions need funding for manufacturing and distribution. Nithio wants to provide the investments, but can it do it alone?

Bolu Abiodun

1 year ago

Renewable Energy

Daystar Power receives $20 million in funding to boost operations in West Africa

Nigeria-based renewable energy provider @Daystar_Power announces a $20 million investment from IFC as revealed in April 2021. This fund will be used to carry out more renewable energy projects in West Africa.

Joy Matthew

2 years ago

Renewable Energy

Nithio FI to scale up off-grid energy access in Africa with $4.5m investment from FSD Africa

@nithiocredit has secured $4.5m from FSD Africa Investments to provide access to off-grid energy solutions for households, smallholder farmers, and micro-entrepreneurs in Kenya, Nigeria, and Uganda.

Joy Matthew

2 years ago

Renewable Energy

Senegalese-based solar energy startup, Oolu Solar, raises $8.5m Series B

With over 60,000 solar home systems sold in five African markets since launching in 2015, Senegalese-based solar energy startup, Oolu Solar, has raised $8.5m Series B for product development and expansion.

Tage Kene-Okafor

3 years ago

Governance & Policy

Nigeria's economic recovery plan and a million-dollar bet on renewable energy

Nigeria’s apex bank has earmarked loan facilities of up to $1.3 million to provide energy in rural areas. However, in the broader context of Nigeria’s economic recovery plan, it raises a few questions

Emmanuel Paul

3 years ago

Renewable Energy

Diageo invests $219 million in renewable energy for its African operations

Diageo PLC, the UK based beverages producing company best known for such consumer staples as Guinness Stout, Johnny Walker Whiskey, Smirnoff Vodka and Ciroc eau-de-vie has announced a $219 million dollar investment in renewable energy resources across 11 of its 12 refin...

Udoka Chiefe

4 years ago

Renewable Energy

Why you were led to believe Tesla is coming to Nigeria

Last week stories made the rounds that Tesla is coming to Nigeria with its Powerwall, they were proven untrue. Here is a possible explanation for those stories.

Victor Ekwealor

5 years ago

Renewable Energy

African Development Bank approves $25 million for renewable energy projects in Sub-Saharan Africa

The Board of Directors of the African Development Bank Group has approved an equity investment of up to US$ 25 million in ARCH Africa Renewable Power Fund (ARPF) for renewable energy projects across Sub-Saharan Africa.

Titilola Oludimu

5 years ago

Renewable Energy

Egypt’s second largest city just concluded a 3-month pilot of using electric buses for public transport

For three months, Alexandria's electric buses went through an experiemental phase that was just recently concluded.

Titilola Oludimu

5 years ago

Renewable Energy

African Development Bank to invest $32.5 million in energy projects across Africa

African Development Bank has approved $32.5 million for energy project across Africa

Victor Ekwealor

5 years ago

Renewable Energy

Uganda-based SolarNow secures $9 million in credit to expand across the country

Ugandan solar energy company, SolarNow has raised a $9 million credit fund to expand depolyment of off-grid solar systems and appliances across Uganda

Titilola Oludimu

5 years ago

Renewable Energy

8 months after import tariff hike, Nigeria's renewable energy situation is not looking up

Eight months and hundreds of protests after the Nigerian Customs Services(NCS) increased import tariff on solar panels, nothing is changing. And this may adversely affect the renewable energy industry.

Victor Ekwealor

5 years ago

Renewable Energy

Nigerian energy startup, Rensource secures €500,000 debt financing

Besides its January investment, Rensource had secured a previous funding round of $1.1 million in 2016. Thus bringing the total investment raised in external funding since that time to $5.5 million.

Ifeanyi Ndiomewese

5 years ago

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