Azuri is a leading commercial provider of Solar Home Systems for rural off-grid homes.
The solar energy industry keeps on plowing forward (or shining forward?), even in the winter. Below were notable developments in the industry last month — not just big project news, but industry-changing news. Enjoy!
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The World Bank, through its project appraisal document for off-grid solar access, heaps praise on the vibrancy of Kenya’s private sector-led solar projects. Kenya is the birthplace of a flourishing private solar industry, including the innovative pay-as-you-go (PAYG) model. Many companies started their solar business in Kenya and since then have expanded into other markets, the World Bank says. The exploding demand for off-grid solar power solutions in remote villages gave rise to equipment vendors like Nairobi-based M-Kopa and attracted multinationals such as UK firm Azuri Technologies, Indian company Orb Energy and Germany-based Mobisol.
Azuri Technologies, a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes, was named in the Red Herring Top 100 Europe. A prestigious list honouring the year’s most promising private technology ventures from the European business region. The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees were evaluated on a quantitative and qualitative criterion, which included disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
is a flexible financial facility funded by the European Commission and managed by the Association, aims to support investments that increase and/or improve access to modern, affordable and sustainable energy services. The projects must lead to new and improved connections for populations living principally in rural, under-served areas as well as regions affected
is an impact fin-tech company, bringing access to electricity to the 1.1 billion people currently living without.