US$20m capital to help Rensource provide more Nigerians with cheaper, cleaner and reliable solar energy

US$20m capital to help Rensource provide more Nigerians with cheaper, cleaner and reliable solar energy

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NIGERIA – Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar-powered micro-utilities that provide electricity to commercial community structures, such as open-air…

Mexican energy company IENova secures a US$200 from IFC, NADB to fund solar power projects

Mexican energy company IENova secures a US$200 from IFC, NADB to fund solar power projects

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MEXICO – Infraestructura Energética Nova S.A.B. de C.V. (IEnova), a Sempra Energy Company has secured a US$200 million loan from the International Finance Corporation (IFC) and North American Development Bank (NADB) to finance four solar power plants with a total capacity of…

US solar company SunPower to splits into two business units to enhance efficiency

US solar company SunPower to splits into two business units to enhance efficiency

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UNITED STATES – U.S. solar company, SunPower has revealed that it will split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services. The announcement resulted in a spike in the company’s share value…