U.S. International Development Finance Corporation and Shell Foundation sign MOU expansion to support distributed renewable energy solutions in emerging markets

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Initial collaboration exceeded deployment targets within two years.  Partnership demonstrates how philanthropic and development finance institutions can align to enable faster deployment of capital into impact sectors.  Expansion will support several distributed renewable energy (DRE) areas including energy for households and local enterprises, e-mobility, and climate-smart agri-tech.  Specific focus on local representation and consideration for…

BII, Shell Foundation, and SunCulture pilot innovative carbon financing to accelerate access to solar irrigation systems for Kenyan farmers

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British International Investment and Shell Foundation approve $2.6m carbon credit pilot investment to scale supply of solar irrigation in Kenya. Investment will allow SunCulture to provide a 25-40 per cent reduction in upfront product cost and reach an additional 9,000 smallholder farmers. Smallholder farmers in Kenya produce 78 per cent of the country’s food; only…

Shell Foundation supported S4S Technologies claims Earthshot Prize

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Shell Foundation portfolio partner, S4S Technologies, was announced last week as a winner of the 2023 Earthshot Prize in the ‘Build a Waste-Free World’ category. S4S was awarded £1 million to help scale their innovative solutions and growth in India and beyond.   Impact of S4S Technologies  S4S Technologies (S4S) is an Indian food tech…

Kofa’s multi-purpose battery tech is increasing transporter and business productivity across Africa

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Shell Foundation partner Kofa’s multi-purpose battery network has recently featured in articles in both CleanTechnica and Medium demonstrating how urban transporters and micro-entrepreneurs across Africa can lower costs and increase productivity through access to  clean energy tech. Based in Ghana – with funding from SF and UK Aid from the UK government under its Transforming…

How Solar-Assisted Electric Boats Can Empower Fishing Livelihoods

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Eighty percent of the fisherfolk on the coast of Kochi in Kerala, India use motorised boats.  But the fuel, maintenance and repair costs are cutting into the income of the community and contributing to a large amount of carbon emissions from fossil fuels. Despite having the highest net operating income among the coastal states, Kerala…

SF & BII sign MoU to work in partnership to increase access to finance for clean energy businesses in Africa and South Asia

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Shell Foundation (SF), the UK-registered charity supporting energy access market solutions in Africa and South Asia, recently signed a memorandum of understanding (MoU) with British International Investment (BII), the UK’s development finance institution and impact investor, to work in partnership to support the just and inclusive energy transition in sub-Saharan Africa and South Asia. Through…

SF & FCDO provide catalytic funding to new Mirova SunFunder Fund

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Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment – supported by Mirova SunFunder East Africa Ltd as Investment Advisor (a wholly-owned subsidiary based in Nairobi) –   last week announced a $171m first close of its Mirova Gigaton Fund which aims to accelerate the clean energy transition in emerging countries in Africa and…

ENERGY ACCESS PROGRAMME WITH USAID AND POWER AFRICA ENDS WITH 15 MILLION LIVES IMPROVED

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Our six-year Scaling Energy Access Markets in Africa (SEAM) partnership with The US Agency for International Development (USAID) and Power Africa met its objectives and came to its natural conclusion in October. SEAM improved the lives of more than 15 million underserved people in Africa, delivered over 3.1 million new connections,  leveraged $441 million of…

Pay-at-Harvest increases insurance uptake by 14x in Nigeria

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Agriculture is a major driver of economic output in Africa, providing income and livelihoods for millions of smallholder farmers, including the most vulnerable parts of the population. However, climate-related threats, including droughts and excess rainfall as well as pests and diseases, threaten crop yields.  Agricultural insurance serves as a powerful risk mitigation tool for dealing…

New MOU with FMO addresses finance continuum needed for clean energy transition

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Shell Foundation and Dutch development bank FMO have signed a Memorandum of Understanding (MOU) to support the just and inclusive energy transition in sub-Saharan Africa and India. The MOU builds on a previous agreement that concluded in 2019, as well as collaborations and co-investments in companies and financial intermediaries such as the Energy and Entrepreneurs…