In two years, Egypt’s EETC buys renewable energy worth $230m from IPPs

Mar 9, 2020

The Egyptian Electricity Transmission Company (EETC) has purchased 3.6 billion Egyptian pounds (nearly $230 million) of electricity from renewable energy sources since February 2018. The power is produced and sold by Independent Power Producers (IPPs). It is a record that should encourage independent power producers (IPPs) who are already investing heavily in Egypt. The Egyptian…

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Old Mutual to install 650kw solar plant in Zimbabwe

Mar 9, 2020

Financial services group, Old Mutual Zimbabwe, in partnership with Easy Power Limited, will install a ground mounted solar system with a capacity of 650kW at its Mutual Gardens property by August this year, to meet electricity requirements of the entire office complex. The investment comes as Government is moving fast to incorporate solar into its…

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U.S. ready to invest $ 5bn in several areas in Ethiopia, including geothermal energy

Mar 9, 2020

The United States of America is preparing to invest $ 5 billion in Ethiopia over the next three to five years. These funds will be used to support the country’s efforts to develop the private sector, but also to counter China’s growing influence, reports the Financial Times . They will be invested through the International…

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EBID disburses $21m to electrify 750 infrastructures in Benin using solar

Mar 9, 2020

The ECOWAS Bank for Investment and Development (EBID) is providing $21 million (close to 13 billion CFA francs) to Benin. The funds will help electrify 750 socio-community infrastructures throughout the country using solar energy. The project to electrify Benin’s urban and rural areas using solar energy is on track. The Beninese government has just obtained…

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Analysts hail Ghana’s commitment to nuclear energy policy

Mar 9, 2020

The Comprehensive Nuclear Test Ban Treaty Organisation (CTBTO) has applauded Ghana for its efforts in adopting nuclear energy within the next decade to supplement its energy supply needs. The Executive Secretary of the Organisation, Lassina Berbo, told Accra-based Citi FM that the progress with researches being carried out by the Ghana Atomic Energy Commission shows…

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Azelio inaugurates renewable energy storage at Noor Ouarzazate solar complex in Morocco

Mar 9, 2020

Azelio has completed the installation of its renewable energy storage with 24h clean power production at Noor Ouarzazate solar complex in Morocco. An inauguration ceremony was held on March 5, 2020 together with the Moroccan Agency for Sustainable Energy (Masen) and invited prominent guests. A well-attended inauguration ceremony of Azelio’s renewable energy storage took place…

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Construction of the Pwalugu multipurpose dam in Ghana will start in April 2020

Mar 8, 2020

The Ghanaian Parliament has recently approved the Pwalugu multipurpose dam project on the Volta River. This decision had been delayed by parliamentarians who questioned the cost of the project. The Pwalugu Multi-Purpose Dam project will “store water for hydropower, for downstream irrigation and for flood protection for people living in the White Volta Basin”. This…

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AfDB provides $150m to electrify 250,000 households with solar

Mar 7, 2020

The Kenyan government has recently secured $150 million (over 15 billion Kenyan shillings) from the African Development Bank (AfDB). The funds will provide solar energy to 250,000 households in 14 counties. Over 150 million dollars (more than 15 billion Kenyan shillings) have been provided to the Kenyan government for the implementation of its off-grid electrification…

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Morocco pledges support for electricity projects in Southern Africa

Mar 7, 2020

Morocco is committed to sharing its expertise with African countries in the field of electricity, said the Director-General of Morocco’s National Office for Electricity and Drinking Water (ONEE), Abderrahim El Hafidi. The ONEE plays an active role in Morocco’s South-South cooperation policy, he affirmed. El Hafidi made the statement during a meeting with a delegation…

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IFC invests $200m in Standard Bank of South Africa’s green bond issuance

Mar 7, 2020

IFC, a member of the World Bank Group, invested $200 million in The Standard Bank of South Africa Limited’s green bond placed on the London Stock Exchange today. It’s Africa’s largest green bond and South Africa’s first offshore green bond issuance, which will increase access to climate finance. The 10-year green bond facility privately placed…

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