South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday. “We are aiming for February,” Radebe told Reuters, when asked when the Integrated Resource Plan (IRP) would be…
Read MoreOff-grid solar power provider BBOXX has secured a USD-31-million (EUR 27m) investment from the Africa Infrastructure Investment Managers (AIIM) fund that will enable it to install two million solar systems in Africa by 2022. The investment, made through the AIIF3 fund, will give Africa’s largest infrastructure-focused private equity fund manager a minority stake in the…
Read MoreAbu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) have announced the selection of renewable energy projects in three West African regions to receive funding from the ADFD. Guyana, Liberia and Togo have been selected to receive these funds as part of the sixth cycle of the IRENA/ADFD Project Facility. With ADFD…
Read MoreThe Ministry of Water Resources, Irrigation and Electricity has affirmed the implementation of a number of water harvesting projects and alternative and renewable energies in Jabrat-a-Sheikh Locality in North Kordofan State in support of exports and enhancing the capacity of animal resources producers to expand production of export meat. This came during the meeting of…
Read MoreSunFunder and two institutional investors, ResponsAbility and Oikocredit have provided additional financing of $9 million to SolarNow, a specialist in off-grid solar installations in Uganda. SunFunder is a firm founded by a former US-based banker in Kenya. The facility comes after a $6 million first round brought by SunFunder and its two co-investors, ResponsAbility and…
Read MoreOn Monday, Kibo Energy head announced to stakeholders that efforts on fast-tracking the remaining technical work to complete an integrated bankable feasibility study for Botswana’s Mabesekwa Coal Independent Power Project is a top priority for this year. Additionally, a feasibility study is underway for the Benga 150-300MW coal-fired power station in Mozambique. This project is…
Read MoreAn international non-governmental organization, Mercy Corps Liberia, on Monday, January 7, embarked on a five-day business development training for over 35 renewable energy products retailers in the country. Participants are expected to learn how to start-up a business, identify viable business ideas, research and selection of best business ideas, implementation of ideas, business review and…
Read MoreThe AfDB and GPC-ERANOVE Consortium signed a LoI for the financing of Gabon’s Ngoulmendjim and Dibwangui hydropower plants. The hydropower plants will have a capacity of 73 MW and 15 MW, respectively. Following a call for expressions of interest, the AfDB confirmed its intention to act as co-arranger and co-lender, up to €160 million. The…
Read MoreJapanese firm, Sumitomo Corp., has invested in M-KOPA Holdings Limited. M-KOPA empowers homes and small businesses through an advanced pay-as-you-go platform – unlocking solar, information, technology, finance and opportunity for millions of people. Through this investment, Sumitomo aims to launch a new business related to distributed power sources and contribute to improving the living standards…
Read MoreThe Green Climate Fund (GCF) will provide €24.3 million to the Burkina Faso’s Yeleen Rural Electrification Project. The project aims to bring clean energy to 100 villages through the installation of solar mini-grids in rural areas. The assistance will be provided as capital grants to selected bidders for each successful electricity connection. This project will…
Read More