German development bank allots fresh €49m for African mini-grids

A new foundation set up by KfW will offer grants to attract investment in a bid to offer more than 350,000 people access to clean electricity.German state-owned development bank KfW has established the Clean Energy and Energy Inclusion for Africa foundation to acquire and install African mini-grids and to offer grant incentives for companies to invest in African renewables. With an initial budget of €49 million, the clean energy fund will grant-finance mini-grids and distributed generation products such as home solar systems and solar-powered lights, cooling, mills, and pumps. With the World Bank ...

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