Traditional fmicrogrid crowdfundingunding methods often make it difficult to raise capital for microgrid projects, especially those created to specifically for populations with limited means. Funding from NGOs or government agencies is difficult to secure. Crowdfunding, on the other hand, raises capital through the collective effort of individual small investors, making microgrid and other critical projects a reality all over the world — in fact, the World Bank predicts crowdfunding in the developing world will exceed US$96 billion per year within the next 10 years.
On a recent trip to Palestine, I had the opportunity to meet with a long-time HOMER Energy customer, Comet-ME, an Israeli-Palestinian NGO bringing off-grid solar power to villages in “Area C” of the Occupied West Bank. The organization’s Elad Orian and Tamar Cohen took me on a tour of a new project in the village of Jeeb al-Dheeb. The project was funded by the Dutch Foreign Ministry, which gave about half a million shekels […]
Last week, between March 13 and 15, Winter Storm Stella dumped as much as 58 inches of snow on the Northeast and the Mid-Atlantic United States. The storm knocked out power for more than 400,000 people as far south as Virginia and as far north as Nova Scotia. More than 60,000 people lost power in Massachusetts alone. The increasing frequency of severe weather events like Winter Storm Stella exposes the vulnerability of outdated, overloaded […]
Report Calls HOMER Energy ‘Key Player’ in Microgrid Growth Around the globe, governments are increasingly concentrating on RE resource-based microgrids. The microgrid market is expected to be a multi-billion-dollar market and to grow at a significant rate during the forecast period, through 2020, according to a recent Future Market Insights report. At present, the market is led by North America owing to growing industrialization and electrification. However, it is expected to witness a […]
2016 was a busy year for Tesla, with several significant Tesla solar developments leading to a variety of responses in the financial and RE sectors. Will the company’s SolarCity purchase and ambitious plans prove successful in 2017? Experts weigh in.
With a unique set of critical energy challenges, Palestine is an ideal environment for off-grid renewable energy and boasts many initiatives and projects, large and small, which are either in the planning stages or operational. This is the second in a two-part series (read Part 1 here). Dire situation in besieged Gaza Strip Gaza’s acute power shortage has been ongoing since the strip’s main power station was bombed 10 years ago. The area’s 1.9 […]
With a unique set of critical energy challenges, Palestine is an ideal environment for off-grid renewable energy and boasts many initiatives and projects, large and small, which are either in the planning stages or operational. This 2-part article (read Part 2 here) discusses Palestine’s energy poverty and power needs and showcases a number of innovative microgrid solutions. Many players are betting Palestinian microgrids (solar and wind) will ease the country’s energy crisis. Palestinians pay the […]
Public-private partnerships, multi-stakeholder microgrid ownership, public-purpose financing, cooperative ownership, microgrid-as-a-service (MaaS)… It’s fitting that there are multiple monikers for a multi-benefit microgrid financing tool in which ownership is split between several entities. The multi-stakeholder microgrid ownership model challenges the often prohibitive private sector financing models that may disregard the public service microgrids can provide. Owners, partners, and stakeholders may include citizens, small businesses, tech services providers, utility companies, and government entities. This small but growing […]
You’re running out the door for a date, and you’re late, and you’re maybe not looking quite how you want to look. Sure, you’d love to take a shower and put on brand-new clothes, but instead, you go the easy route: grab a clean shirt and head out the door. When large companies claim that they are going “100% renewable,” what they mean, in all but a few notable cases, is that they […]
Part 2 of an in-depth interview (access Part 1 here) with Dipti Vaghela (left) co-founder of Hydro Empowerment Network (HPNET). The organization, founded in 2012, brings practitioners a knowledge platform to advance micro-hydro power.