In Short : The International Finance Corporation (IFC) has invested $5 million in Husk Power Systems Nigeria to install 108 solar-hybrid mini grids across northern Nigeria. Supported by Canada’s Renewable Energy Program for Africa, the project will provide clean energy to 115,000 people through 28,750 new connections, reducing electricity costs by 25% and significantly cutting […]
Energy firms look to make green hydrogen cheaper – EQ
In Short : Energy firms are focusing on reducing the cost of green hydrogen production to accelerate its adoption as a clean energy source. By investing in advanced technologies, scaling up production, and improving electrolyzer efficiency, companies aim to make green hydrogen more affordable. This shift could significantly contribute to decarbonizing industries like transportation and […]
DFC invests $5 million in Revfin to drive inclusive EV financing in India – EQ Mag
Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space, has successfully secured a $5 million investment from the United States International Development Finance Corporation (DFC). This investment is part of DFC’s Portfolio for Impact and Innovation, with a focus on promoting inclusive financing for electric vehicle (EV) adoption in India. […]
ADB Approves $5 Million Grant to Develop Clean Energy Projects in FSM – EQ Mag
MANILA, PHILPPINES : The Asian Development Bank (ADB) has approved a $5 million grant to help fund the preparation of ADB-supported clean energy projects in the Federated States of Micronesia (FSM). The grant will fund assessments, planning, and capacity building to promote energy efficiency and implement clean energy projects including solar and hydro. ADB is […]
EDF successfully installs 100,000 smart meters in India, to launch commercial rollout of its 5-million smart meters contract
Global low-carbon electricity leader EDF successfully installed 100,000 smart meters in India under its contract with Energy Efficiency Services Limited (EESL), an energy service company under administration of Ministry of Power, Government of India and the world’s largest public ESCO (Energy Services Company). This is the first large scale prepaid smart meter solution to be […]