Energy

Energy (93)

Energy Leaders To Meet In Casablanca This November

Two energy forums focusing on gas and renewable energy in Casablanca this November have secured the endorsement of the Honourable Minister Aziz Rabbah, Minister of Energy, Mines, Sustainable Development in Morocco

The Africa Renewable Energy Forum and the preceding Gas Options: North & West Africa meeting will take place from 29th November – 1st December 2017 at the Hyatt Regency Hotel, Casablanca.

As the officially labelised side-event of COP22, the Africa Renewable Energy Forum was first held in Marrakesh from 2-4 November 2016 under the aegis of the Ministry of Energy of Morocco and endorsed by ONEE.

The second Forum returns to Morocco this year to build its foundation as the pan-African meeting for stakeholders driving forward renewable energy projects in Africa.

ARF will bring together government ministers, heads of African utilities and some of the biggest global investors in renewable energy to discuss solutions to move forward renewable energy projects.

The first forum attracted over 350 high level international participants, including 11 African countries represented at senior government and utility level.

Preceding the renewable energy forum this year will be the Gas Options – North and West Africa meeting - an international gas-to-power focused gathering shining a spotlight onto gas projects in North & West Africa.

This meeting will invite all 12 countries involved in the Morocco–Nigeria Gas Pipeline project to discuss next steps and the benefits of the project in developing the region. Investors and energy decision-makers will be invited to participate in discussions with the public sector on how they can contribute to the project. This meeting has the support of the National Office of Hydrocarbons and Mines (ONHYM) and participation from Director General Amina Benkhadra.

Organiser of the forums Valeria Aruffo said the forums will hone in on investment opportunities in the Nigeria–Morocco Gas Pipeline, as well as bringing together key stakeholders to drive forward renewable energy projects on the continent in light of the COP22 outcomes last year."

Unlocking Solar Capital Africa Conference To Unlock Continent’s Energy Potential

Solaplaza's 'Unlocking Solar Capital Africa' conference, an event focused on connecting solar project development and finance & investment, will be the first African event featuring a Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge.

The initiative, 'The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,' will be launched by Phanes Group in partnership with Solarplaza, Hogan Lovells, responsAbility, and Proparco, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear CSR component.

Candidates are asked to submit their proposals before October 1, 2017, via Phanes Group's website or through the conference website. Shortlistees will be invited to pitch their projects to an expert panel at Solarplaza's 'Unlocking Solar Capital Africa' conference in Ivory Coast, October 25 - 26, where the industry's biggest players will hold extensive discussions about solutions for Africa's solar energy funding gap. 

It comes as part Unlocking Solar Capital Africa's goal to solve Africa's solar energy funding gap and Phanes Group's core strategy to collaborate with Africa-focused counterparties, such as local project owners, governments, and developers on projects that seek to create a sustainable future for urban and rural communities across the sub-Saharan region.

"Clean energy has the potential to transform sub-Saharan Africa for years to come, but successfully implemented PV solar projects require a diverse mix of expertise and knowledge to bring them to financial close," said Martin Haupts, CEO, Phanes Group.

"We believe the Phanes Group Solar Incubator will leverage untapped local PV potential, and create more opportunities for local projects. Combined with our strengths in developing bankable solutions for clean, affordable energy and efforts in CSR, the incubator initiative can help to address local needs that haven't yet been met."

There are currently more than 620 million people in sub-Saharan Africa living without electricity, according to the International Energy Agency (IEA), which works to ensure global access to reliable, affordable and clean energy.

This initiative aims to support developers not just in the funding phase, but throughout the project development and delivery phases, to ensure important, CSR-focused projects are brought to financial close.

Phanes Group, along with its partners, will provide PV developers with access to a reliable partner that will support them in reaching bankability. Through an initial incubator phase, extensive mentorship, and access to the right network, this year's candidate will have an opportunity to roll-out a sustainable energy solution in their community, as well as develop a lasting relationship with an end-to-end, integrated solar expert.

After the winning project has been announced at the 'Unlocking Solar Capital Africa' event, the developers will be invited to join Phanes Group for an intensive 4-day workshop at its headquarters in Dubai, UAE. This will help lay the foundations for delivering a bankable and sustainable project.

"As dreamers of a future where everybody can have access to electricity for a fair price, initiatives focused on long-term success like the Phanes Group's Solar Incubator are always dear to our hearts," said Edwin Koot, Solarplaza.

"Renewable energy infrastructure projects result in myriad benefits. We wish participants the best in bringing forth this ripple effect to their communities, and look forward to meeting them at the 'Unlocking Solar Capital Africa' conference this October," Edwin Koot added.

More about the Solar Power Incubator 

The inaugural Solar Incubator, held under the theme of 'Your Project, Our Expertise, For a Sustainable Future', will be supported by Solarplaza, Hogan Lovells, responsAbility, and Proparco.

The initiative aims to select and develop PV project opportunities in sub-Saharan Africa that haven't been able to gain access to funding and necessary know-how. Corporate Social Responsibility (CSR) is an integral part of this initiative; along with the project details a solid CSR concept must be submitted and will be further developed during the incubator phase, and implemented in parallel with execution of the PV project.

The candidate of the winning project will enter a partnership with Phanes Group and hold a long-term stake in the project, collaboratively bringing it to financial close. With the incubator, Phanes Group and its partners will provide the winner with extensive mentorship and knowledge transfer throughout the project.

The deadline to submit projects for evaluation and shortlisting ends on October 1, 2017. The final selection process will take place during a live panel session in the 'Unlocking Solar Capital Africa' conference in Abidjan, Ivory Coast, October 25-26, 2017, where the winner will be announced.

Interested candidates can submit directly on the PV Solar Incubator Competition website at www.PhanesGroup.com/incubator or on the 'Unlocking Solar Capital Africa' conference website at http://Africa.unlockingsolarcapital.com/solar-incubator.

Leaders To Gather In Italy To Scale-Up Geothermal Energy Worldwide

Leaders and ministers from more than 25 governments will meet in Florence, Italy on 11 September, to accelerate the global adoption of geothermal energy. The Global Geothermal Alliance (GGA) meeting represents the largest such ministerial gathering dedicated to geothermal energy development.

Geothermal energy today accounts for just 0.3 percent of globally installed renewable energy capacity. However – once start-up costs are met – it is one of the lowest-cost and most reliable renewable energy sources available. The global potential for geothermal is estimated to be in the region of 200 gigawatts.

Entitled: ‘Working Together to Promote Geothermal Energy Towards a Sustainable Energy Future’ the conference will bring together private and public sector representatives to address and overcome barriers that have hindered the deployment of geothermal despite its vast potential.

The meeting is organised by the Italian government, including the Ministry of Foreign Affairs and International Cooperation, the Ministry of Economic Development, and the Ministry for the Environment, Land and Sea together with the International Renewable Energy Agency (IRENA).

"In line with our commitment to the COP21 Agreement, the Italian Government is determined to promote renewable energy and invest in innovative, zero-emission technologies with low environmental impact, including in the geothermal sector,” said Italian Minister for Environment Mr. Gian Luca Galletti.

“My country is engaged, and will continue to pursue objectives within the framework of our National Energy Policy and Strategies based on our broad and remarkable renewable energy knowledge,” continued Minister Galletti.

“This is especially true of our geothermal energy experience, having developed the first-ever geothermal energy production plant in Lardarello, Tuscany,” he concluded.

“Globally, geothermal energy remains largely untapped despite its huge potential for low-carbon power generation and direct use in heating and cooling,” said Mr. Adnan Z. Amin, IRENA Director-General.

“Right now we may only be harvesting six per cent of proven geothermal energy potential, meaning the sector represents a significant opportunity to decarbonise the energy system and drive economic growth in the 90 countries with proven resources.

“This Global Geothermal Alliance ministerial is a milestone that, in the strongest possible terms, demonstrates renewed will to unlock the potential of geothermal and reinforce the importance of its deployment to the global energy transition,” concluded Mr. Amin.

The conference will attract more than 200 attendees who will hear global government and business leaders discuss the challenges and opportunities associated with scaling-up geothermal energy.

In particular, the meeting will focus on identifying the mechanisms required to de-risk geothermal investments, creating regulatory consistency and pathways to strengthen institutional and human capacity within the sector.

Launched in 2015 at COP21 in Paris, the GGA is an inclusive multi-stakeholder platform of public, private, intergovernmental and non-governmental actors committed to scaling up geothermal energy deployment worldwide.

Its membership is composed of 42 countries, and 29 partner institutions, including multilateral organisations, development partners, international and regional organisations, global financial institutions and private sector.

The Alliance aims to enhance multilateral efforts towards a more favourable environment to achieve a 500 per cent increase in global installed capacity for geothermal power generation and a 200 per cent increase in geothermal heating by 2030.

Geothermal energy is energy in the form of heat within the sub-surface of the Earth that is carried up to the surface as water and/or steam. Depending on its characteristics, geothermal energy can be used to generate clean electricity, or in direct use applications such as heating, cooling, the agribusiness and in industrial applications, to name a few.

The environmental footprint of geothermal energy is negligible and its predictability and reliability make it a significant contributor to decarbonisation of the global energy system, while increasing security of supply, and boosting local economic development.

GE Deploys Technology At 800MW Kusile Unit One

Equipped with the latest Ultra-Supercritical technology, Kusile will be one of the most efficient coal power plants in the region. Kusile’s Air quality control systems is first of its kind in Africa, guaranteeing cleanest and most environmentally friendly coal power processing.

GE’s Engineering Procurement and Commissioning (EPC) expertise ensured the delivery of Unit One on schedule. Commercial operation of Unit One will bring online the first 800MW of power from the plant’s planned 4800MW capacity

GE this week announced that it has successfully commenced commercial operations of Unit One of Kusile’s coal power plant. GE’s scope in Kusile Unit One is the Engineering, Procurement and Construction (EPC) of six turbine islands, air cooled condensers and wet flue gas desulphurization plant (WFGD). The WFGD plant is an environmental control solution and the first to be built on a power plant in Africa.

GE Steam Power System’s efficient technologies help make Kusile one of the cleanest coal fired power plants in the continent. Ultra-supercritical power generation technology keeps raising the efficiency bar of coal power plants.

It has achieved 47.5% efficiency in the world’s most efficient coal power plant in Germany, well above the global average of 33%. Each percentage point improvement in efficiency is significant as each point reduces CO2 emissions from coal power plants by 2%.

“We are extremely proud of our expert global and local EPC teams who have worked professionally to ensure that we were able to support the commercial operation of Unit one” said Nthabiseng Kubheka, GE’s Executive - Project Director for Kusile’s 6 x 800MW Turbine Islands & WFGD Projects. “This great achievement definitely resonates with our goal to power everyone using clean technology,” she said.

In addition to USC power generation technology, Kusile is the first power plant in the continent to deploy state of the art wet flue gas desulfurization technology. This air quality control system ensures the highest removal of sulphur and dust from the air, ensuring that Kusile coal power plant will comply with the most stringent international standards and protect the communities around it. 

“Kusile is the first power plant in Africa to implement clean fuel technology such as flue-gas desulphurisation – a state-of-the-art technology used to remove oxides of sulphur, such as sulphur dioxide, from exhaust flue gases in power plants that burn coal or oil.”

“This technology is fitted as an atmospheric emission abatement technology, in line with current international practice, to ensure compliance with air-quality standards, especially since the power station is located in a priority air shed area,” said Eskom’s Interim Chief Executive Johnny Dladla.

Unit One of Kusile will deliver an additional 800MW to the grid and this new unit will help to stabilize the South African grid. Once in full operation, Kusile power plant will consist of 6 units delivering 800MW each for a total of 4,800 MW. This is enough power to meet the electricity needs of 3.5 million households in South Africa.

Ugandan Projects Get Renewable Energy Funding

The U.S. African Development Foundation (USADF), in collaboration with partners Power Africa and GE, last week announced the winners of the 2017 Women in Energy Challenge in Uganda, where only 20% of the population is connected to electricity.

Joint Energy and Environments Projects (JEEP) and Conservation and Development Uganda Limited (CODE) will each be awarded a grant of $100,000 to expand their renewable energy enterprises to reach women beneficiaries.

Dr. Maria Bawabya Senkezi, JEEP’s Chairwoman, says investing in women entrepreneurs is critical because “women invest money back into the community.”

The Women in Energy Challenge, part of the Off-Grid Energy Challenge, was launched in 2016 by USADF and GE to identify and accelerate enterprises either led by women or benefitting women, and help African entrepreneurs compete in the global economy.

The Off-Grid Energy Challenge is a part of Power Africa’s Beyond the Grid initiative, which aims to drive private investment in off-grid and small-scale renewable energy solutions. By funding energy entrepreneurs, USADF is bridging the energy gap for some of Uganda’s most vulnerable populations.

Joint Energy and Environments Projects (JEEP) is a 100% women-owned enterprise in central Uganda. With a $100,000 grant, it will install 6 green power units in Kalangala district, a remote island district in Lake Victoria.

Fishing is the main industry in this island district in Lake Victoria, but commercial ice to preserve fish is both expensive and limited. As a result, a significant amount of fish is lost before it can be sold in the market.

The 6 green power units which JEEP establishes will each have solar-powered cold storage facilities for preservation, phone charging and solar home systems for sale, and each will be run by a women’s group trained in bookkeeping.

The green power units will each repay a portion of their profits to JEEP to be used to replicate the model throughout the region. This will not only provide local jobs, but will increase incomes for local women.

Conservation and Development Uganda Limited (CODE) is a majority-women owned enterprise in western Uganda where surrounding national parks limit the amount of available firewood, and as a result, women bear the brunt of energy poverty, walking long distances in search of firewood and cooking fuel.

Through the grant, CODE will sell an initial 350 Agro-Eco kits using a flexible repayment financing model, which will provide alternative and safer fuel sources. Using a low-cost distribution system using Village Savings and Loan Associations, CODE will collect revenues and expand their business to impact more and more households in the region.

The U.S. African Development Foundation is the only U.S. agency dedicated entirely to Africa, and solely funding 100% African-owned businesses and African entrepreneurs. USADF aims to promote innovative solutions that increase access to reliable, affordable and sustainable power – particularly for vulnerable populations who will have little to no access to grid power.

“We launched this Women in Energy Challenge to find the best and the brightest female entrepreneurs that are making a difference in bringing electricity to rural communities. We are very pleased to see that these women-led enterprises are showing promise in finding alternative solutions to Uganda’s energy crisis,” says C.D. Glin, USADF President and CEO.

“Providing energy access to Africa’s population is a priority for us,” said Jay Ireland, President & CEO of GE Africa. “The Women in Energy Challenge is one of our commitments towards supporting local entrepreneurs and we are delighted that African women-owned enterprises are solving local challenges.”

In Uganda, where USADF has a $5 million co-funding agreement with the Government of Uganda, USADF has awarded three Off-Grid Challenge grants to energy enterprises.

Since 2013, USADF has partnered with GE and Power Africa to fund over 70 off-grid energy companies in nine countries in Africa, and invested over $7 million in Africa's energy entrepreneurs, which has already resulted in over 20,000 actual connections benefitting over 100,000 people.

To learn more about the USADF Off-Grid Energy Challenge, visit www.USADF.gov/off-grid.

Let Us Promote Energy Transition To Renewable Energy Technologies

Imagine a world where everyone’s energy needs are adequately catered for without harming the environment but energy coming from 100 percent renewable energy resources. That world is possible if we accelerate the promotion and adoption of the concept of energy transition from the current dependence on non-renewable energy technologies to renewable energy resources.

The global demand for energy keeps increasing everyday especially in the transportation industry, manufacturing industry and meeting the household energy demands however currently these come at accost to our environment. 

We cannot afford to continue damaging the environment to meet these needs at the expense of our livelihoods and the future generations to come yet there is already and existing alternative we can fully adopt without having to innovate further. 

Energy transition therefore, is defined as a gradual shift from an energy system dominated by non-renewable energy sources such as fossil fuels towards an energy system using a majority of renewable energy sources such as solar energy, wind power among others.

This shift is necessary to address the current challenges of depending on non-renewable energy sources which has resulted not only in the pollution of our environment but also in changing the global temperatures at a rate we cannot even adapt.

In fact, climate change impacts are already visible with the occurrences of large-scale catastrophes, flooding and drought, infestation of pest and diseases and widespread food and water shortages; the faster we transition away from dangerous fuels, the better we will be to protect our communities from harm.

The Paris agreement on climate change formulated in 2015 has enabled nations make historic commitment to protect our climate and pledged to limit global temperature increase to 1.5°C above pre-industrial levels. To achieve this goal and commitments made, we must transition to 100 percent clean energy as soon as possible. 

According to the statistics from the Ministry of Energy and Mineral Development, Uganda has vast renewable energy potential with not less than 5,400 MW from sources such as Solar, wind, geothermal, hydro among others and this potential is enough to power the country to 100 percent clean energy that we must transition.

Just think of the comfort it brings to drive your car without worrying about fuel cost but electrically charged, or taking a warm shower with solar powered heaters, even the amount of school hours our children will enjoy out of lighting from wind power. 

Better still, seeing our mothers prepare a decent meal with solar energy and not worrying about smoke affecting their respiratory system or the number of business unemployed youth would start up without worrying of the monthly bill.

Therefore, it is important for our leaders at all levels to accelerate our transition to 100 percent renewable energy. This can be done through putting priorities on clean energy technologies; promoting the deployment of clean renewable energy sources and then civil society organizations continue to work together to sensitize the communities to swift from use of dirty fuels to more cleaner sources for sustainability in the energy sector.

By Samuel Okulony

Environmentalist

Programmes and Research Coordinator

Africa Institute for energy governance

This email address is being protected from spambots. You need JavaScript enabled to view it. 

GE, Partners To Train Students In Advanced Manufacturing

GE, the world’s Digital Industrial Company has announced a skill development partnership programme involving its GE Lagos Garage, the Lagos State Ministry of Wealth Creation and Employment and the Lagos State Technical and Vocational Education Board (LASTVEB) aimed at developing the skills of students in the State in advanced manufacturing.

The GE Garage Advanced Manufacturing programme will involve 20 final year students and five instructors from the five Government Technical Colleges in the State taking part in an intensive one-week training that will hone their skills in advanced manufacturing.

The selected technical colleges, spread across the state and under the supervision of the Lagos State Technical and Vocational Education Board are located in Ikotun, Ikorodu, Agidingbi, Ado-Soba and Epe. The programme takes place at the LASTVEB HQ School Complex, Ikeja GRA. The programme will commence on Monday July 24 and end on Friday July 28.

During the programme, the students will be exposed to cutting-edge technology, experiencing GE’s Digital Industrial leadership in shaping modern manufacturing. They will also learn how such readily available technology can help their future businesses.

To facilitate this, GE has set up a temporary scaled version of its Garage at the venue. This comprises select equipment like 3D printers, CNC mills, among other equipment. As a guide, greater emphasis will be placed on Additive Manufacturing, 3-D printing, CAD designing, rapid prototype development, basic subtractive manufacturing using CNC mills to demonstrate mould making; and basic business knowledge. The program will be run by GE Garage engineers and instructors to enhance the students’ current capabilities whilst helping them develop new skill sets.

Speaking on the development, the Director, Communications & Public Affairs, GE Africa, Patricia Obozuwa said the initiative was aimed at promoting advanced manufacturing and technology in the modern work environment by extending the GE Lagos Garage entrepreneurship programme through LASTVEB to its colleges.

In this vein, she said, a condensed version of the current GE Garage curriculum will expose the technical college students to latest developments in advanced manufacturing, taking into consideration the student’s vocational studies exposure and their area of specialization, to ensure proper focus and impact.

Obozuwa restated GE’s commitment to empowering people through technology, pointing out that this was the very reason behind the GE Garage initiative.

“We are committed to supporting skills development in Nigeria, and across Africa. We see ourselves as partners in building a sustainable future for Africa, and we believe that partnerships such as this are necessary if we are to overcome Africa’s economic challenges,” she said.

Speaking in the same vein, the Lagos State Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosinmi-Etti commended GE Nigeria for their efforts in transferring such important skills to Lagosians.

He said the collaborative initiative is in line with the ministry’s mission to promote and sustain entrepreneurship and employment through effective use of wealth creation strategies and resources by collaborating with all stakeholders.

According to him, the ministry was established in fulfilment of the promise of His Excellency, the Governor of Lagos State, Akinwunmi Ambode, to address the unemployment crisis in the State.

“It pursuit of this mandate to create employment, the ministry came up with similar initiatives like the 'Graduate Internship Programme,' a 3-month paid Internship Scheme for graduates who have been unemployed for a minimum of one year after National Youth Service Corps (NYSC). The Programme is designed to give candidates an opportunity to develop employability skills which are often vital in securing employment,” he said.

Also speaking, the Executive Secretary of the Lagos State Technical and Vocational Education Board (LASTVEB), Mrs. Omolara Erogbogbo expressed the belief that programmes such as this will go a long way in bridging the unemployment gap as well as addressing skills deficit in the country.

She highlighted the importance of vocational education to Nigeria’s socio-economic well-being, saying that the era when vocational education was believed to be undertaken by school drop-outs and pushovers was over.

 

 

 

 

 

Bujumbura Gets Green Energy Lights

Downtown Bujumbura just got a little brighter, thanks to an innovative partnership between Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of United States Power Africa's Beyond the Grid program.

This week solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace, extending commercial hours and personal safety. 

“The city of Bujumbura is very pleased to be working with Gigawatt Global on this important solar street lighting project,” said Mayor Freddy Mbonimpa.

“This project will enhance security as well as provide opportunities for economic development to the citizens of Bujumbura. It is the hope and wish of all involved that this project can spread throughout the city, as well as expand to other cities in Burundi within the near future.”

Gigawatt Global is now in discussions to scale the solar-powered ‘light islands’ program throughout the city and in other major Burundian towns.

“We are grateful and pleased to work with the city of Bujumbura, and the Honorable Mayor Freddy MBONIMPA to realise this important first step of the solar street lighting project,” said Michael Fichtenberg, Managing Director of Gigawatt Global Burundi.

“We intend to expand throughout the capital and to other locations as part of our larger program of green electrification in Burundi, with 40 'light islands' planned in the first phase of the program,” Fichtenberg continued.

“Every country in which we develop commercial scale solar fields will receive additional benefits like these ‘light islands’ and rural electrification with mini-grids.”

Gigawatt Global, which provides 100% financing for its projects, pioneered commercial scale solar power plants in sub-Sahara Africa, launching the first one in Rwanda in 2014, which is currently supplying 6% of the country's generation capacity.

Gigawatt Global will complete a 7.5 Mw solar field in the Gitega region of Burundi in the next six months, which will supply 15% of the East African country's generation capacity. Similar projects are currently being developed in 10 African countries, including Liberia and South Sudan, among many others. 

“Over 95% of Burundi's 11 million people lack access to electricity. Gigawatt Global is honoured to play a role in advancing economic and social development through green power in the country,” says Josef Abramowitz, CEO of Gigawatt Global.

 “By expanding our investments from commercial scale projects to include off-grid installations, we are positively impacting the lives of millions of people in Burundi and throughout Africa, and are becoming a leading force in green energy projects across the continent.”

The ‘light islands’ project in Bujumbura is produced by a team that includes local members Patrick NZINTUNGA, Gigawatt Global Regional Coordinator, and Deo HUGERE, Gigawatt Global Engineer.

The engineering, procurement, and construction components of this project are being carried out by Asantys System. The pilot program is supported by the Energy & Environmental Partnership (EEP), an initiative of the governments of the United Kingdom, Austria and Finland, and with an impact investment from entrepreneur Alex Goldberg.

“God bless the people of Burundi,” says Goldberg. “In Bujumbura, we found a place ripe for innovation and open to economic development.”

As part of Gigawatt Global's commitment to additional Corporate Social Responsibility, one of its investors, Mark Gelfand, funded and built the STEM Centre (Science, Technology, Engineering and Math) at the Université Polytechnique de Gitega.

Mobisol Boosts Capital Base With Finnfund Loan

Mobisol has strengthened its capital base by an additional substantial senior loan facility from Finnfund (Finnish Fund for Industrial Cooperation Ltd.), following an already provided senior loan in 2016 toMobisol’s operations in Tanzania, Rwanda and Kenya. 

This additional funding, granted up to 10 million Euros, will support Mobisol’s fast expansion in East Africa, where the company installed nearly 10 megawatts of capacity in Tanzania, Rwanda and Kenya, providing clean and reliable electricity to households and small businesses in low-income communities.

In this way, Mobisol enables particularly rural families and business owners to power a range of appliances, such as televisions, stereos and refrigerators to improve their standard of living and earn incremental income through solar powered businesses, such as mobile phone charging stations, barber salons, movie theatres and more.

The new financial commitment will pave the way for further growth. “Mobisol is very pleased about the sustained support from Finnfund, which allows us to further ‘plug in the world’ and connect more people to a reliable source of energy,” said Thomas Gottschalk, Chief Executive Officer at Mobisol.

“This is not only adding to the socio-economic growth in insufficiently served regions in East Africa, but also contributes to a greener and more sustainable future globally.”

Jaakko Kangasniemi, Chief Executive Officer of Finnfund, commented: “Finnfund is excited to support Mobisol’s work and expansion in East Africa. For us, as an impact investor, the key is that supplying electricity to new areas can improve human lives, reduce inequality, and even help people out of poverty. Simultaneously, the use of renewable energy helps us to fight against climate change, one of the biggest challenges of our time.“

 Mobisol, a leading player in decentralized solar electrification, offers a clean and affordable alternative to fossil fuels for lower-income households and small businesses in rural sub-Saharan Africa.

Finnfund (Finnish Fund for Industrial Cooperation Ltd) is a Finnish development finance institution, aiming to foster sustainable development by providing long-term risk capital for private projects in developing countries.

 

 

 

Y’ello Box Brings Mobile Phone Electricity To Nigeria

The Y’ello Box is a solar electricity system that officially launched earlier this year and allows families and business owners to harness the power of the sun cheaply and efficiently, in a way we’ve never seen before.

In homes, clinics, schools and businesses across Nigeria, people are running fans, charging phones, watching TVs and lighting rooms, all using affordable, reliable, clean electricity. The Y’ello Box is already powering the lives and businesses of more than one hundred thousand Nigerians. 

Designed and operated by Lumos Mobile Electricity Service, the Y’ello Box provides electricity to customers 24 hours a day, which people pay for using their MTN mobile phone.

It has proved itself to be the most reliable and affordable service on the market, with customers delighted at the switch from traditional fuel.

Yuri Tsitrinbaum, CEO of the Lumos Mobile Electricity Service said: “People don’t have access to the power they need. Fuel is very expensive and other services are unreliable. The Y’ello Box saves customers money all while providing better and more reliable electricity. As Nigeria modernizes, our demand for power increases. It’s time we did more to harness the power of the sun. That is why the Y’ello Box is changing so many lives. It is affordable, it is reliable and paying by mobile phone makes it easy.

“Lumos is growing rapidly across Nigeria, as we invest more money, create business opportunities for Nigerians and employ more and more people. Equally important is the fact that the service is improving the everyday operations of community centers like schools, health clinics and religious institutions,” added Tsitrinbaum.

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