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Greenlight Planet announces new funding as revenue rebounds

Africa’s largest off-grid solar company Greenlight Planet has raised $90m of new financing as early Q3 figures show revenue has already surpassed Q1 levels despite the coronavirus pandemic. Further equity raisings are planned to fund the company’s expansion ambitions, writes Dan Marks

Issue 424 - 08 October 2020

PinRenewables, Power, Finance, Off-grid

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Critical issues for power developers before, during and after Covid

The impact of coronavirus on construction and project completions was underlined by figures for Q1 2020 produced by African Energy Live Data and presented at a 6 July Africa Investment Exchange (AIX) webinar on Africa power negotiations. This showed that only 240MW of net installed capacity was added in Q1 2020 (as a total of 438MW was installed but several big rental contracts ended). If this performance continued across the year, there would be a historic low in the installation of new generation capacity.

Issue 419 - 10 July 2020

PinPower, Politics, Off-grid, Renewables

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08-10-2020

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