Alternative Energy

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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ElectriFI, REDAVIA sign $2m solar finance deal in Ghana

Jan 9, 2019

The Electrification Financing Initiative (ElectriFI) has entered into a USD-2-million (EUR 1.74m) financing agreement with solar firm REDAVIA to support the latter’s expansion in Ghana’s commercial and industrial (C&I) sector. This investment will aid the development of some 15 MWp of photovoltaic (PV) arrays for C&I off-takers such as educational institutions, agro-foods processing and manufacturing…

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Kenyan govt seeks to install solar PV plants

Jan 9, 2019

The government of Kenya has received a credit from the International Development Association (IDA) and grants under Scaling Up Renewable Energy in low income countries under the Strategic Climate Fund Grant towards the cost of Kenya Electricity Modernisation Project (KEMP). It is intended that part of the proceeds of this credit and SREP grants will…

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