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EAAIF commits USD 20 million to CME Solar in Vietnam

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The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has committed USD 20 million to CME Solarin Vietnam to develop a pipeline of rooftop solar projects, potentially scaling to over 260 MWp.  This investment supports Vietnam’s green growth goals and accelerates the energy transition in key industries like electronics, textiles, and manufacturing.  With coal accounting for 45% of Vietnam’s energy supply, this initiative aims to reduce carbon emissions and promote renewable energy…

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EAAIF, FMO, and DEG invest €84 million in Senegal solar projects

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The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region.  These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project cost exceeds €105 million, with…