Alternative Energy

30MW portion of Benban solar park goes live in Egypt

Jan 29, 2019

A consortium led by local renewables developer Infinity Solar Energy SAE has put on stream a 30-MW solar power plant as part of the larger Benban photovoltaic (PV) complex in Egypt. The European Bank for Reconstruction and Development (EBRD) said in a statement today that this is the first of 16 solar projects totalling 750…

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Mali calls for tenders on rural electrification projections

Jan 28, 2019

Mali launched a call for tenders for the selection of a consultant as part of its Hybrid Rural Electrification Systems project. The chosen company will be responsible for monitoring the environmental and social compliance of the companies selected to build the hybrid power plants. The rural electrification project, which serves as a pilot program for…

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MIGA guarantees €164.5m investments in Nachtigal Hydro IPP, Cameroon

Jan 28, 2019

On December 21, 2018, MIGA agreed to issue guarantees of up to €164.5 million (US$187.9 million) covering EDF and STOA’s equity and quasi-equity investments in the Nachtigal project. The guarantees are issued for up to 15 years against the risk of Breach of Contract. The project consists of the development, construction and operation of a 420…

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Tanzanian govt vows not to back down on Stiegler’s Gorge hydro power project

Jan 28, 2019

Implementation of the Stiegler’s Gorge power project will continue as planned despite renewed foreign pressure to convince the government to go back to the drawing board, a senior official has said. A resolution passed last Thursday by the German Parliament, the Bundastad, is the latest in a string of fruitless efforts by activists and several…

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African mini-grid financing facility announces funding from Rockefeller Foundation & Ceniarth

Jan 27, 2019

Today, CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding commitments from The Rockefeller Foundation and Ceniarth. CrossBoundary Energy Access will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such…

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Commercial, industrial solar opportunities growing rapidly in sub-Saharan Africa – BNEF

Jan 27, 2019

A combination of high electricity tariffs, falling solar PV prices and a lack of reliability on the grid is spurring sales of on-site solar to business customers in sub-Saharan Africa. This is the conclusion of a new report by research company BloombergNEF (BNEF), commissioned by responsAbility Investments, assessing the potential of commercial and industrial solar…

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Energy efficiency programmes for SMEs to enable benefits beyond energy savings – Mauritius Acting PM

Jan 27, 2019

‘Small and Medium Enterprises (SMEs) need to develop energy efficiency systems as well as manage energy utilisation since the SME sector as a whole consumes a significant amount of energy thereby contributing to energy efficiency improvements’. This statement was made today by the Acting Prime Minister, Minister of Energy and Public Utilities, Mr Ivan Collendavelloo,…

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SYL calls for Electricity Control Board, Nampower to push solar power in Namibia

Jan 26, 2019

IN A wide ranging statement on Wednesday the Swapo youth league demanded amongst others that the Electricity Control Board facilitate increased domestic solar energy production. The Swapo Party Youth League (SPYL) called on NamPower to set up solar plants in order to generate power locally. The statement issued by SPYL secretary Efraim Nekongo said the…

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AFC invests €174m in 44MW Singrobo-Ahouaty hydropower project in Cote d’ivoire

Jan 26, 2019

Africa Finance Corporation (“AFC” or the “Corporation”), the leading infrastructure development finance institution in Africa, is pleased to announce financial close of a bridge loan facility contracted by Ivoire Hydro Energy (“IHE”) for the construction of the 44-MW Singrobo-Ahouaty hydroelectric power project (“SAHP” or the “Singrobo-Ahouaty Hydropower Project”) and associated infrastructure. AFC’s commitment towards IHE…

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UKCI to invest in African renewable energy yieldco

Jan 25, 2019

UK Climate Investments (“UKCI”) today announced a planned R500 million (£28 million) cornerstone investment in a dedicated African renewable energy yieldco, Revego Africa Energy Limited. Managed by a newly incorporated majority black-owned fund manager, the investment vehicle will seek to acquire equity in operational renewable energy projects across sub-Saharan Africa. In a region where energy…

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