Alternative Energy

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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(FT) Africa editor affirms ‘Frontier vibe’ still driving clean energy advances in South Africa

Jan 25, 2019

The Financial Times (www.FT.com) published on Thursday January 24 a first-ever special report on Innovation in South Africa. Africa editor David Pilling in his lead article writes that “homegrown innovators are fighting the brain drain and finding ways past a funding squeeze.” The six-page edition casts a bright light on South African technology, research, energy…

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Egypt keen on promoting green tourism

Jan 25, 2019

At the World Economic Forum in Davos, Switzerland, Egypt’s Minister for Tourism Raina Al-Mashat made it know the country is looking to implement green tourism measures going forward. Speaking to CNN reporters Becky Anderson and John Defterios, Minister Al-Mashat said: “What we are trying to do is green tourism… we’re changing the norms of our…

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Mozambique set to benefit from SunFunder/SolarWorks! deal

Jan 24, 2019

We are expanding into new markets, with our first transaction in Mozambique with SolarWorks!, the country’s leading Pay-As-You-Go (PAYG) solar home system and energy services provider. The $2m debt facility will allow them to directly impact 65,000 people with improved energy access while displacing at least 26 tonnes of CO2 emissions. It also took an…

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AfDB approves $25m for renewable energy projects in Africa

Jan 24, 2019

The Board of Directors of the African Development Bank Group has approved an equity investment of up to US$ 25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy projects across Sub-Saharan Africa. ARPF will provide equity for the development and construction of 10 to 15…

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Ethiopia issues tender for installation of solar power plants

Jan 23, 2019

In Ethiopia, the Ministry of Energy launched a call for tenders for the installation of six large-scale solar power plants. The plants would have a combined capacity of almost 800 MW and be located in the states of Afar, Somali, Oromia and Tigray. The solar plants are being developed as part of a public-private partnership…

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Zimbabwe’s Govt shifts focus to renewable energy

Jan 23, 2019

Government is set to meet senior officials from ZESA Holdings and independent power producers (IPPs) as it seeks to deepen local electricity generation with new focus on renewable energy, particularly solar and wind. This comes as some giants in renewable energy from the United Arab Emirates, have shown interest in setting up 100 MW wind…

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Strathclyde Uni promotes solar power usage in Malawi

Jan 22, 2019

A solar power project, led by Strathclyde University researchers, has transpired in affordable energy supply businesses being set up in four Malawian villages. The partnership, which has been backed by a £600,000 ($772,017) grant from the Scottish government, ensures locals own and operate the solar equipment. The project includes battery chargers and power connections for…

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Coal suppliers & IPPs influence Eskom’s request for tariff increase

Jan 21, 2019

Eskom focused on coal and independent power producers (IPPs) in its presentation at the National Energy Regulator of South Africa’s (NERSA) public hearings in Durban, on Thursday. A series of public hearings are being held across the country, allowing the power utility to explain reasons for its Regulatory Clearing Account (RCA) application for year 5…

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