Clean energy companies get $80m relief against COVID-19 shocks

OBI METU   Green Climate Fund (GCF) recently  launched an emergency $80 million Energy Access Relief Fund (EARF) that shields clean energy companies in developing countries in Africa and Asia from COVID-19 economic shocks to keep...

ALL ON , USADF announce nine finalists for the $100k 2020 Nigeria off-grid energy...

  The US African Development Foundation (USADF) and All On today announced that nine wholly African-owned enterprises have emerged as finalists for the 2020 Nigeria Off-Grid Energy Challenge. The winners of the third edition of the...

$3.40trn to be invested globally in renewable energy by 2030 – Report

A recent   Frost & Sullivan’s report and  analysis has indicated that an estimated $3.40 trillion will be invested in renewable energy during the next decade, including $2.72 trillion in wind and solar. By 2030,...

Tesla now worth more than Exxon Mobil, Shell and BP combined

The rise of Tesla reaching the symbolic mark of 2,000 dollars, which is more than the shares of Exxon Mobil, Shell and BP combined, has confirmed the dynamism of the electric car industry in...

All On announces N180m COVID-19 solar relief fund to power emergency healthcare in Nigeria

  Nigerian off-grid energy impact investing company All On, seeded by Shell, today announced N180 million in assistance to renewable energy companies, Auxano, Arnergy, GVE and Lumos to provide solar power for emergency health centers...

Commercial battery storage market to generate $1.6bn by 2025

Energy market research firm Frost & Sullivan has issued a new report on the global market for commercial battery storage systems. The research firm is expecting the market to increase revenue generation from $160.4 million...

Petrocam opens new solar powered fuel station

Petrocam Trading Nigeria Limited has opened a new solar-powered fuel station in Lagos, increasing the number of its retail outlets to 10. The Managing Director, Petrocam Trading Nigeria, Mr Patrick Ilo, said at the inauguration...

Commercial battery storage market to generate $1.6bn by 2025

Energy market research firm Frost & Sullivan has issued a new report on the global market for commercial battery storage systems. The research firm is expecting the market to increase revenue generation from $160.4 million...

USADF, All On Open 2019 $100,000 Off Grid Energy Challenge for Nigeria

The U.S. African Development Foundation (USADF) and All On have officially opened the application window for the 2019 Nigeria Off-Grid Energy Challenge, which will provide up to $100,000 in blended finance per enterprise for...

Nigeria’s commercial banks still overlook solar market – Report

Despite the huge investment opportunities in the renewable energy sector, Nigeria commercial banks are yet to play a vital role in proper investment in the sector. A recent report by solar for businesses in sub-Saharan...
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