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Apis Partners invest $60 MM in Greenlight Planet for Off-Grid Solar Financing Business

London-based private equity fund manager Apis Partners and other investors announced on November 05 disbursement of $60 MM in new funding to Greenlight Planet, the leading provider of off-grid solar products and solar financing for underserved populations around the world.

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Bankability shifts focus in emerging markets

As emerging market banks gradually grow used to solar, the bankability issue for developers is increasingly around off-takers and currency, not projects.

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USAID and ADB to Facilitate $848M in Funding to Develop Solar Parks across India

The U.S. Agency for International Development (USAID) and the Asian Development Bank (ADB) signed yesterday a Memorandum of Understanding to facilitate $848 million (Rs. 5,681 crore) in funding to develop solar parks across India. The agreement was signed by Jonathan Addleton, Mission Director, USAID/India and M. Teresa Kho, Country Director, India Resident Mission, Asian Development Bank.

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Solar Finance Solutions Africa to bridge funding gap for solar and energy storage projects in Sub-Saharan Africa

Solarplaza’s Africa-featuring event series returns for the sixth time to help Africa get one step closer to viable generation and consumption of sustainable energies.

Project manager for the Africa-EU Renewable Energy Cooperation Programme (RECP), Ina de Visser, recently said in an interview with global events organizer Solarplaza, that project developers in Sub-Saharan Africa (SSA) states are confronted by profound difficulty in financing commercial and industrial projects, whereas lenders in the region claim that they fail to source bankable projects.

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ADB funds $6 million for off-grid solar home systems in rural India

The Asian Development Bank (ADB) announced last week that it is administering a $6 million loan from the Clean Technology Fund (CTF) to help Simpa Energy India Private Ltd expand its off-grid solar home system service to underserved markets in rural India.

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