{"id":76882,"date":"2023-04-06T02:35:14","date_gmt":"2023-04-06T02:35:14","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/06\/congos-nuru-secures-mns-in-funding-for-power-hungry-nation\/"},"modified":"2023-04-06T02:35:14","modified_gmt":"2023-04-06T02:35:14","slug":"congos-nuru-secures-mns-in-funding-for-power-hungry-nation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/06\/congos-nuru-secures-mns-in-funding-for-power-hungry-nation\/","title":{"rendered":"Congo\u2019s Nuru secures mns in funding for power-hungry nation"},"content":{"rendered":"<p><strong>Congo\u2019s Nuru is getting some love:<\/strong> Congo-based solar mini-grid company Nuru, which aims to supply power to five mn people in a country where access to electricity is largely lacking, is close to finalizing a USD 60 mn series B funding round, and another USD 90 mn round is set to follow in the coming months, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-05\/nuru-is-raising-money-for-mini-grids-in-war-ravaged-eastern-congo?srnd=premium-middle-east\">Bloomberg<\/a>reports. The International Finance Corporation and the UK government-funded Renewable Energy Performance Platform are among the investors participating in the series B round. The funds will go towards adding three additional facilities to Nuru\u2019s portfolio, allowing the company to generate a combined 13.7 MW from its plants, growing tenfold. This would raise the number of people that Nuru serves to 500k from a current 50k.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Bangladesh would require USD 1.71 bn annually<\/strong> to have 40% of its electricity generated from renewable sources by 2040. The country has increased the subsidies allocated to conventional power sources by nearly 152% in 2021, reaching USD 2.8 bn, which is higher than the investment that would be required to enhance the renewable energy capacity. Currently, less than 5% of the country\u2019s energy comes from renewable sources. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-05\/bangladesh-needs-1-7-billion-a-year-for-green-energy-transition?srnd=premium-middle-east\">Bloomberg<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Congo\u2019s Nuru is getting some love: Congo-based solar mini-grid company Nuru, which aims to supply power to five mn people in a country where access to electricity is largely lacking, is close to finalizing a USD 60 mn series B funding round, and another USD 90 mn round is set to follow in the coming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,279,11,1565],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-congo","tag-enterpriseclimate","tag-nuru","wpautop","entry"],"acf":{"mongo_id":"055cf16b-ab3c-4fd5-a470-b47aabf5eb6c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/1024.jpg","photo_position":"above","related_issue":[76865],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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