FEATURED STORY

Renewable energy challenge gets Ksh110 million boost

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GE Africa, the US African Development Foundation (USADF)  and the US Agency for International Development (USAID) today announced that an additional $1.1 million (Ksh110 million) has been awarded to 11 companies across Tanzania, Kenya, Nigeria, Ghana and Ethiopia.

These 11 winners will each receive a grant of up to $100,000 to expand their renewable energy solutions and reach those currently not served by the grid. The awards were announced during President Obama’s trip to the Global Entrepreneurship Summit in Nairobi, as part of his continued commitment to Power Africa and providing underserved communities access to energy. 

The Off-Grid Energy Challenge, part of the Beyond the Grid Initiative and funded by GE Africa, USADF and USAID, promotes innovative solutions that increase access to reliable, affordable and sustainable power. The $ 5 million (Ksh500M), three-year challenge will award 50 or more grants of up to $100,000 (Ksh10M) each to African companies providing off-grid solutions that deploy renewable resources and power economic activities. These energy entrepreneurs are finding solutions for rural communities to access power, including solar-powered mini-grids, home solar systems and revolving credit funds.

The most recent winning projects include 5 solar systems, 3 biogas generation projects, and a small hydro-electricity power plant, providing over 10,000 people with electricity and light that did not have access before. That’s just $100 (Ksh10,000)  per person invested for off-grid solutions to a brighter world.

In Kenya, Ambalian Company will install a wind turbine in one of northern Kenya’s rural communities to replaced diesel-powered generators used currently to pump water, and will use the installation to roll out the fabrication of its own local-content wind turbine components.

Rafode, a local Kenyan microfinance organization, will provide credit to fisherman in the Lake Victoria region to purchase solar lamps, thereby boosting the catch from their traditional night time fishing.  And in Nigeria, Ajima Farms is developing a major biogas plant to provide electricity to homes and businesses currently living off the grid.

The competition is part of Power Africa, a partnership-based effort to double access to electricity in sub-Saharan Africa, where more than 600 million people still lack basic access to electricity.
 

Written by
BUSINESS TODAY -

editor [at] businesstoday.co.ke

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