Alternative Energy

Acumen closes $70m impact fund for clean energy in Africa

Apr 19, 2019

Acumen, the nonprofit that invests philanthropic capital in companies and leaders tackling poverty, today announced the approximately $70 million close of for-profit fund, KawiSafi Ventures, through Acumen Capital Partners. After investing $22 million of patient, philanthropic capital across the off-grid ecosystem and impacting 81 million lives, Acumen saw an opportunity to drive energy access for…

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Construction begins on the US $167m Kandadji Hydroelectric Dam in Niger

Apr 19, 2019

China Gezhouaba Group Company (CGGC) has officially started construction work on the Kandadji hydroelectric dam on the Niger River. Located in southwestern Niger, it will provide 130 MW. The construction phase of the Kandadji hydroelectric project has just been launched in southwestern Niger. The official launching ceremony was presided over by the President of the…

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Ethiopia begins pre-qualification for 500-MW solar tender

Apr 19, 2019

Ethiopia’s Public-Private Partnerships Directorate General (PPP-DG) this week issued a Request for Pre-Qualification (RfQ) for up to 500 MW of solar power generating capacity divided into four projects. This process is the second round of the Scaling Solar programme and concerns the Humera, Mekele, Welenchitti and Weranso projects. Interested parties need to submit their applications…

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Standard Bank withdraws funding for new coal IPP projects in South Africa

Apr 18, 2019

In a setback for coal-fired power generation and a victory for the renewable energy lobby, Standard Bank will not provide funding for two new independent coal-fired power stations. This follows similar announcements by Nedbank and FirstRand and is in line with new protocols announced by the Organisation for Economic Co-Operation and Development. Further to information…

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Smart housing prototype raises optimism in a rapidly urbanizing Africa

Apr 18, 2019

Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare. Studies show that hundreds of millions more Africans will live in cities over the next three decades. Many of these new urban Africans, however, are likely to end up in informal settlements. Already an estimated…

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IFC and Malawi set to co-develop Mpatamanga hydro power plant

Apr 17, 2019

IFC InfraVentures has signed a joint development agreement with the government of Malawi to develop the 258-MW Mpatamanga hydropower project on the Shire River in Malawi. The agreement, signed last week, is in coordination with the World Bank and with the support of SN Power AS and Power Africa. According to a news announcement, the…

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Watson wind farm project in SA grounded for now

Apr 17, 2019

The controversial decision to grant environmental authorisation for the Watson family’s massive wind farm project on the summit of the Groot Winterhoek mountains near Uitenhage has been overturned – at least temporarily. On Monday Acting Environmental Affairs Minister Lindiwe Zulu upheld five appeals against the 187.2MW, 47-turbine Inyanda-Roodeplaat wind farm. She sent the decision back…

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Oserian emerges Kenya’s best company in renewable energy

Apr 17, 2019

Oserian Development company goal of creating a carbon-free environment by 2020 has received a major boost after it was recognized as the renewable energy champion last week. Investment in geothermal energy to power operations, use of electric cars to transport flowers and use of sheep to mow grass are among initiatives that have seen Naivasha-based…

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US investors’ eye 900MW solar project in Zimbabwe

Apr 17, 2019

An American business, Labacorp Power Company America has expressed interest in developing a 900 megawatt solar project in Zimbabwe. The US-based corporate has applied to Government, through their local partners Craft Properties (Pvt) Ltd, to make presentations on the envisaged implementation of the gigantic and game-changing project. In a statement at the weekend, Craft Properties…

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Morocco seeks $30bn investments for renewables, others

Apr 15, 2019

Morocco is aiming to attract around $30 billion (Dh110bn) in investments to its energy sector by 2030 as it looks to add 10GW of renewable capacity as well as develop a liquefied natural gas plant to meet its growing power needs. “Between 2017 and 2022, we have around $13bn but for 2030 it will be…

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