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Zola Electric scores $8 million partnership for solar mini-grids in Africa

Zola Electric scores $8 million partnership for solar mini-grids in Africa

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Investment and spending on energy access in sub-Saharan Africa and other emerging markets screeched to a halt at the outset of the COVID-19 pandemic. It appears to have come roaring back.

“I’ve never seen the amount of new interest that I’m seeing right now,” Bill Lenihan of Zola Electric, which will sell at least $8 million in mini-grid technology through a new partnership with Distributed Power Africa, a subsidiary of South Africa-based mobile telecom provider Econet Group, in one of the largest revenue deals to date for distributed electrification.

“It’s a demonstration of these large energy companies embracing digital networked smart energy as a real solution for the market,” Lenihan told ImpactAlpha.

DPA will deploy’s Zola’s Infinity power systems in Zimbabwe, Zambia and a half-dozen other countries, as well as South Africa.

Source : impactalpha
Anand Gupta Editor - EQ Int'l Media Network