The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.

A solar and storage project totalling 20MW has entered commercial operation in Malawi, which the companies involved say is the first grid-connected utility-scale co-located project to do so in sub-Saharan Africa.

The UK pledges US$250 million for global energy storage as France and the Netherlands announce US$100 million for solar initiatives.

IFC, a member of the World Bank Group, and the government of Canada have formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy, including energy storage, in Sub-Saharan Africa.

Rental solar power company Redavia has commissioned two microgrid PV-plus-storage systems totalling 303kWh of energy storage capacity, both located in the Songwe region in western Tanzania.

The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.