
Paris & Mahé, August 20, 2025 – Independent renewable energy company Qair has secured a USD 5.7 million senior debt facility from the Facility for Energy Inclusion (“FEI”), managed by Cygnum Capital, to finance the development, building, operations, and maintenance of a 5.8 MWp Floating Solar plant located in the Providence Lagoon on Mahé Island in Seychelles. [pdf]

The global solar energy storage battery market size was estimated at USD 5.50 billion in 2024 and is predicted to increase from USD 6.84 billion in 2025 to approximately USD 48.14 billion by 2034, expanding at a CAGR of 24.23% from 2025 to 2034.The solar energy storage battery market growth is attributed to the growing demand for reliable and strong renewable energy storage battery solutions. [pdf]

The first battery, Volta’s cell, was developed in 1800. 2 The U.S. pioneered large-scale energy storage with the Rocky River Pumped Storage plant in 1929. 3 Energy storage research accelerated dramatically 2 after the 1970s oil crisis, 4 driving significant improvements in battery cost and performance. 5 Energy storage is a critical component for current and future sustainable energy grids. 6 [pdf]

Bogotá, 19 November 2025: Climate Fund Managers (CFM), a climate-focused blended finance investment manager operating in emerging markets across Africa, Asia and Latin America, and Erco Energía, a leading Colombian renewable energy developer, with support from the European Union, today announced the inauguration of the Pétalo del Norte I solar power plant in northern Colombia and development funding for the neighbouring Pradera solar-plus – storage plant. [pdf]
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