With a previous 50-50 split between equity and debt investment funding for the off-grid market shifting to 84% debt, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the prospects for the sector.
Investors continue to invest and clean energy entrepreneurs continue to innovate — despite, or because of, global setbacks.
A new fund has been launched to provide microgrants of $3,000 to $10,000 to the women entrepreneurs and community organizations working to provide clean, reliable and primarily off-grid power to remote communities.
Also in the brief: Pennsylvania has its first project using Commercial Property-Assessed Clean Energy financing, Gov. John Bel Edwards of Louisiana has signed two executive orders to reduce greenhouse gas emissions and enhance coastal resilience and more.
When Covid-19 hit his small solar engineering business, CEO Methode Maniraguha said, no furloughs or layoffs — we’ll pivot.
Also African microgrids, $200 million for solid-state batteries, $20 million for utility field safety, billions for infrastructure, and millions for deep tech.
Researchers in Kenya say the geomagnetic field could reduce solar panel conversion efficiency 0.21% between the equator and a 50-degree latitude. Their analysis showed the complex magnetic field can determine increases in module fill factor and falls in maximum power.
Since financing and developing a commercial solar project wasn’t enough of a challenge, SunExchange adds crowdfunding and cryptocurrency to the mix.
Also in the brief: SEIA disappointed by USTR’s decision to remove Section 201 tariff exclusions for bifacial solar modules, plus VC investment in energy and grid startups.
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