The December edition of our “Top 5 Hybrid Energy News” features Off Grid Electric, Packard Foundation, Calvert Foundation, Ceniarth, U.S. Agency for International Development (USAID), Enel, Powerhive, Younicos, First Solar, Grupo ECOS, LWP Property Group, Brookfield Renewable Energy Partners, ARENA, Panasonic and UNESCO.
Off Grid Electric, a company specialising in providing electrification to rural communities, has created a US$45 million investment vehicle. New lenders include Packard Foundation, Calvert Foundation, private investor Ceniarth, and U.S. Agency for International Development’s (USAID) Development Innovation Ventures.
Enel and Powerhive will develop a minigrid system in Western Kenya for 100 villages: solar panels and wind turbines will be the main energy source with battery storage and generators as back-up.
Younicos raised $50m for expansion. New investors included First Solar and Grupo ECOS, a sustainable investment-focused private equity firm. They joined an undisclosed strategic lead investor.
LWP Property Group, an Australian property developer, has commissioned an AUD $1.1 million study to see if 7,500 new homes can run entirely off-grid. Brookfield Renewable Energy Partners, a Canadian project developer with a 7-gigawatt wind and hydro portfolio across North and Latin America and Europe, will carry out the ARENA backed feasibility study.
Panasonic supports UNESCO programs for off-grid in Myanmar by donation of 500 solar storage units.
For extended information about the Top 5 news with sources, please have as well a look at