CrossBoundary closes on $8 million fund for C&I solar in Africa

first_imgCrossBoundary closes on $8 million fund for C&I solar in AfricaThis is the first dedicated fund for commercial and industrial solar in Africa. The company plans to finance the deployment of over $25 million in African PV over the next 18 months. December 7, 2015 Christian Roselund Finance Legal Markets Markets & Policy Share With a combination of excellent solar radiation, growing power needs and unreliable grids, much of Sub-Saharan Africa is ripe for the deployment of large amounts of solar PV.However, many barriers remain, including not only issues of familiarity with the technology, but also the difficulty of financing the relatively high up-front cost of solar in poor nations where capital is often very expensive.Today CrossBoundary Energy announced that it has closed on a fund which it hopes will address the latter of these issues, by allowing African solar developers to offer fully financed power purchase agreements (PPAs) for projects at least 100 kW in capacity.CrossBoundary has closed on US$8 million in equity investments for its CrossBoundary Energy Fund 1, which will support its SolarAfrica platform. Through SolarAfrica, the company will offer its “PPA in a box” to African developers, which includes technical oversight and asset managmenet services from South Africa’s NVI Energy.CrossBoundary is currently working with installers in Kenya, but says that it hopes to expand to three new nations in Sub-Saharan Africa in the next three to six months. The company plans to leverage the $8 million in the fund to deploy US$25 million in PV projects. Mercom Capital CEO Raj Prabhu notes that CrossBoundary is one of the first solar companies to address the commercial & industrial (C&I) market segment in Africa. “This is one of the first funds that we are hearing about with the lease model,” Prabhu told pv magazine. “But we have been seeing quite a few VC funding deals going into Africa this year.”“It’s a signal that Africa is opening up to investors, and investors are realizing that there is a need in Africa and that it is a growing market.”The company’s first major investment is an 858 kW PV project at a newly opened mall in Nairobi, Kenya. The project at the Garden City Mall is the largest rooftop PV system in Africa and the largest solar carport system in Africa. CrossBoundary also notes that this the largest solar PPA that it knows of with a private off-taker in sub-Saharan Africa.CrossBoundary has been strongly supported by the U.S. government. The U.S. Overseas Private Investment Corporation (OPIC) provided an early-stage grant to the company, and the U.S. Agency for International Development (USAID) provided a $1.3 million first-loss contribution to the CrossBoundary Energy Fund 1.CrossBoundary’s announcement comes less than one week after M-KOPA Solar announced the close of a US$19 million fund to deploy its “pay-as-you-go” solar solutions in Africa. Update: This article was modified at 12:25 Eastern Time (U.S.) on December 7 to include the quotes by Raj Prabhu.This content is protected by copyright and may not be reused. 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See Brian Cox & the Cast of The Great Society in Exclusive Presidential Portraits on Opening Night

first_img View Comments Robert Schenkkan’s The Great Society, a sequel to his Tony-winning All the Way, has arrived on Broadway. Headlined by Succession star Brian Cox as President Lyndon B. Johnson, the play tells the history of what happened when the popular President decided not to run for re-election. Also featuring Grantham Coleman, Richard Thomas, Marc Kudisch, Bryce Pinkham, Barbara Garrick and Nikkole Salter as some of history’s most notable names, The Great Society opened at Broadway’s Vivian Beaumont Theater on October 1. In honor of the sequel arriving to the Great White Way, check out the exclusive shots below of the cast and creative team taking their own presidential portraits and be sure to see history come to life on stage for yourself. Marc Kudisch Barbara Garrick portrays Ladybird Johnson. Show Closed This production ended its run on Nov. 30, 2019 View the Full Gallery Here Richard Thomas is Vice President Hubert Humphrey. Related Shows Brian Cox (Photos: Emilio Madrid for Broadway.com) Star Files Bryce Pinkham Gordon Clapp Grantham Coleman plays Martin Luther King Jr. Brian Cox The Great Society Grantham Coleman Richard Thomas Frank Wood View All (7)last_img read more

CBS: 288 round trips in Croatia in the first half of the year

first_imgIn the period from January to June 2016, there were 288 cruises of foreign ships in the Republic of Croatia, which is 2 percent more than in the same period last year, according to the Central Bureau of Statistics (CBS).There were a total of 371.656 passengers on board, which is 20,5 thousand more than last year at the same time, and on average they stayed 2 days. Also, the total number of days of stay is 689 days and is higher by 12,2 percent. Compared to the same period in 2015, the number of trips increased by 1,8%, and the number of passengers who entered the Republic of Croatia in this way increased by 5,9%. The total number of days the ship spent in the same period increased by 12,2 percent.In the structure of cruises of foreign ships, most foreign ships on cruises recorded the first entry into the territorial sea of ​​the Republic of Croatia in Dubrovnik-Neretva (63,2%) and Split-Dalmatia County (21,5%), which is a total of 84,7% . The other 15,3% of foreign cruise ships recorded their first entry into the territorial sea of ​​the Republic of Croatia in the other five counties: Zadar (6,3%), Istria (5,6%), Šibenik-Knin (2,4%), Primorje-Gorski Kotar (0,7%) and Lika-Senj (0,3%).Read the full CBS report herelast_img read more

City Of Kenai Looks At Amending Mobile Food Vendor Requirements

first_imgHeinz: “At the next meeting it is my intention to bring forth a resolution, to coincide with enactment of this ordinance, to amend the fee schedule for Mobile Food Vending Licensure from $120 per year to $50 per year which is consistent with the fee in Soldotna.” The Kenai City Council will look at an ordinance proposing  some amendments to the application requirements consistent with the state licensing and requires less private information for security purposes. The code enacting mobile food vending licensing was developed in 1978 and has remained relativelyunchanged since enactment, according to City Clerk Jamie Heinz Heinz: “Given changes over the years in state licensing and identity security it is prudent to update the regulations for the City’s mobile food vending licensing.”center_img FacebookTwitterEmailPrintFriendly分享The City of Kenai is looking to amend the mobile food vending licensing requirements including cutting the licensing fee in half. The Kenai City Council will introduce the ordinance at their meeting on Wednesday, February 6.last_img read more

Elm Grove boys, Cope girls capture first meet of season

first_imgRussell [email protected] Grove swept the seventh- and eighth-grade boys titles and Cope won the girls  in the Elm Grove/Haughton middle school track and field meet Tuesday.It was the first meet of the season.Elm Grove scored 135.5 points in the eight-grade division. Haughton was second with 70 followed by Benton (64.5), Greenacres (56), Cope (44) and  Rusheon (17).The Eagles won the seventh-grade division with 172 points. Cope and Benton shared second with 59. Greenacres was fourth with 48 followed by Rusheon (35) and Haughton (27).Cope piled up 146 points in the girls division. Haughton and Greenacres shared second with 60 points each. They were followed Elm Grove (55), Rusheon (42) and Benton (39).Cope’s Tre’ Jeter was the only double winner in the eighth-grade division, taking the long jump with a 19-2 and the discus with a 110-7.5.Elm Grove had three winners  — Darrius Bradford (100), Quinton Smith (400) and Kendrick Norwood (800).Other eighth-grade winners were Cope’s Daniel Dial (1,600),  Benton’s TJ Anderson (shot put), Haughton’s Bradley Moore (hurdles), Greenacres’ Coby McGee (200) and Rusheon’s Ke’Shawn Jones (high jump).Greenacres won the 4X100 relay, Haughton took the 4X200 and Elm Grove captured the 4X400.Elm Grove’s Amani Larry and Scott Perez and Rusheon’s Daniel Moore were double winners in the seventh-grade division.Larry won the 400 in 1:00.0 and the 100 hurdles in 15.83. Moore won the long jump with a 17-11 and the 100 in 12.20.Perez took the 800 in 2:24 and the 1,600 in 5:18.80.Three other Elm Grove athletes won their respective events — Anthony Papason (discus),  Kobe Gill (high jump) and Zeke McKnight (200).Greenacres’ Londell Delanie won the shot put.Elm Grove swept all three relays.Cope’s Isabelle Shamblin was the only triple winner of the meet.She won the 400 in 1:09.96, the 800 in 2:51.92 and the 1,600 in 6:09.Cope’s Lauren Daley was a double winner, taking the 100 in 13.42 and the 200 in 28.37.Other winners in the  girls division were Greenacres’ Antavia Holmes (shot put), Greenacres’ Brittney Roberson (long jump), Elm Grove’s Abbie Norcross (discus) and Cope’s Chloe Walker (hurdles).Cope swept all three relays.Premier Diamond BoutiqueHong Kong’s first lab-grown diamond empirePremier Diamond Boutique|SponsoredSponsoredUndoInstant Voice TranslatorInstant Voice Translator (43 Languages) Takes Hong Kong By StormInstant Voice Translator|SponsoredSponsoredUndoIDA Ireland by CNBC CatalystWhy Are 14 of the World’s Top 15 Medtech Companies Invested in Ireland?IDA Ireland by CNBC Catalyst|SponsoredSponsoredUndoStanChart by CNBC CatalystBlockchain Is Changing the Game for Trade Financing. Here’s How It’s Driving Future Global Trade.StanChart by CNBC Catalyst|SponsoredSponsoredUndoPerfect-Dating.comAre You Ready to Meet Cool Guys in Tung Chung?Perfect-Dating.com|SponsoredSponsoredUndoDating.comWhere do attractive singles meet in Tung Chung?Dating.com|SponsoredSponsoredUndolast_img read more