Alternative Energy

South Africa aiming to finalise long-term energy plan next month – Minister

Jan 16, 2019

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…

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Off-grid solar platform BBOXX receives $31m AIIM cash boost

Jan 15, 2019

Off-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…

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IRENA/ADFD project facility backs West Africa’s renewables drive

Jan 14, 2019

Abu 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…

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Sudanese Ministry of Electricity supports Jabrat-a-Sheikh with solar

Jan 14, 2019

The 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…

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SolarNow gets funding for Ugandan expansion

Jan 13, 2019

SunFunder 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…

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Botswana coal IPP underway

Jan 13, 2019

On 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…

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Mercy Corps conducts business training for renewable energy SMEs in Liberia

Jan 11, 2019

An 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…

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AfDB to finance hydro power plants in Gabon

Jan 11, 2019

The 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…

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Sumitomo invests in Kenyan firm M-KOPA

Jan 10, 2019

Japanese 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…

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GCF set to fund mini-grids in Burkina Faso

Jan 10, 2019

The 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…

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