Alternative Energy

Zimbabwe Govt revives jatropha project as fuel crisis persists

Aug 15, 2019

Government, desperate to end a recurrent fuel crisis, has revived its Jatropha fuel project abandoned during ex-President Robert Mugabe’s era. Information Minister Monica Mutsvangwa revealed this during a Post Cabinet media briefing Wednesday, where she emphasised on the need for alternative sources of fuel to ease the challenge. “The proposed National Biofuels Policy will guide…

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Ethiopia works on electricity pricing formula for off-grids

Aug 15, 2019

The Ethiopian government is currently studying a pricing formula for off-grid energy systems. Its aim is to accelerate access to electricity through this formula, while encouraging investment by solar off-grid suppliers. Provide access to electricity for the entire population. This is the objective of most African governments, but it often cannot be achieved by relying…

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AfDB approves $20m for clean energy in Africa

Aug 15, 2019

The African Development Bank (AfDB) has approved $20 million for the Facility for Energy Inclusion (FEI). The facility was sponsored by the bank to  provide sustainable financing for small-scale renewables in Africa. The FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions. The FEI On-grid,…

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Clean energy cited as most feasible remedy to Zambia’s power woes

Aug 14, 2019

Zambia’s energy crisis, an impediment to government’s economic diversification plans, tells an all-too-familiar irony in most parts of the continent: crippling deficits despite abundant sources of renewable energy sources. This is because of an over-reliance on hyro-power. Thus, as the Zambian government initiates efforts to diversify the economy from an over-dependence on mining (mainly copper),…

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KCPL completes project financing for Kikagati dam project

Aug 14, 2019

Emerging Africa Infrastructure Fund (EAIF), one of the project partners, announces that Kikagati Power Company Limited (KPCL) has completed the financing round for the Kikagati hydroelectric project on the Tanzania-Uganda border. Kikagati Power Company (KPC), the ad hoc company developing the Kikagati hydroelectric power plant, has finalised the financing of its project. It is located…

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SCATEC Solar, partners successfully connect Mocuba plant in Mozambique

Aug 14, 2019

The Mocuba solar power plant was recently inaugurated in the province of Zambézia, in eastern Mozambique. Built by a consortium, it supplies 40 MW to Mozambique’s national electricity grid. Mozambique has an operational solar power plant. It is located on the outskirts of Mocuba, a town in the province of Zambézia, in eastern Mozambique. The…

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EIAF renewable energy projects achieve milestones in Mozambique and Uganda

Aug 14, 2019

Investec Asset Management’s Emerging Africa Infrastructure Fund (EAIF) has announced two renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant open Financial close reached for new Uganda-Tanzania Kikagati hydropower project On 10th August, Mozambique’s President, His Excellency Filipe Jacinto Nyusi, declared open the…

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Lekela reaches financial close on first wind project in Egypt

Aug 13, 2019

Lekela, the renewable power generation company that delivers utility-scale projects across Africa, has successfully reached financial close on its first wind project in Egypt: West Bakr Wind. Construction will shortly begin, delivering 250MW of clean, reliable power at a highly competitive price. Once the project is fully operational in 2021, it will produce over 1,000GWh…

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South Africa’s SOLA Group secures debt for 40MW of solar

Aug 13, 2019

SOLA Group, a South African solar project developer, has secured financing to install 40 MW of photovoltaic (PV) capacity at home, it said on Monday. The ZAR 400 million (USD 26.1m/EUR 23.3m) was obtained under a partnership with the African Infrastructure Investment Managers (AIIM) and Nedbank Energy Finance. Through newly established renewable energy fund Orionis,…

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IFC & MIGA to support landmark wind farm on Egypt’s Gulf of Suez

Aug 12, 2019

IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate. IFC will provide $84 million in financing while MIGA will offer $122 million in financial guarantees, helping to bolster the production of clean energy, lower generation costs,…

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