EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]

Solar Soccer Cup kicks off in Nairobi.

Solar Soccer Cup kicks off in Nairobi.

Philips Lighting, a Royal Philips company, has announced a Solar Soccer Cup to mark the successful implementation of more than 100 Community Light Centres at soccer pitches in Africa, Asia and Latin America. UNEP Executive Director Achim Steiner joined Tamer Abolghar, Chief Executive Officer of Philips Lighting Africa to introduce the final match of the tournament. Two under-15 […]

Zambia to diversify energy mix.

Zambia to diversify energy mix.

For almost one year now, Zambia has been rationing electricity after a scorching drought across the entire southern Africa hit hydropower generation, the main source of electricity in Africa’s second-biggest copper producer. With energy as the lifeline of any modern economy, the electricity deficit now estimated at 1,000 megawatts (MW) has slowed down the country’s […]

The future for renewables in Africa can be bright.

The future for renewables in Africa can be bright.

It is surprising how many people still believe that renewable energy (RE) is too expensive to be a viable option for power generation. Globally, innovation and competition have driven down costs, and solar photovoltaic (PV) and wind energy are now amongst the cheapest electricity sources in many countries, including South Africa. While intermittency remains a […]

Foreign firms bid to construct 300 MW power plant in West Africa.

Foreign firms bid to construct 300 MW power plant in West Africa.

Several foreign companies from China, Turkey, Brazil, Europe and the U.S. have submitted bids to construct a 300 MW hydroelectric power plant in Guinea, which will be supervised by the Senegal River Basin Development Organization (OMVS). The information was revealed on Wednesday in Conakry by the head of this regional organization, Kabinet Komara. The hydroelectric […]

Ghana will soon update its FiT for solar to last 20 years.

Ghana will soon update its FiT for solar to last 20 years.

Ghana will soon update its feed-in-tariff (FiT) programme for solar to include the possibility of having contracts last for 20 years, a government official has announced.   Wisdom Ahiataku-Togobo, director of renewables and alternative energy at the Ministry of Power Ghana, told delegates at the Solar and Off-grid Renewables West Africa event in Accra, Ghana, […]

Kenwind Holdings to build 90MW wind project in Kenya.

Kenwind Holdings to build 90MW wind project in Kenya.

In East Africa, Kenyan firm Kenwind Holdings in partnership with Belgian renewable energy company Electrawinds and the World Bank are to construct a 90MW wind power project in Mpeketoni, Lamu County. According to the Daily Nation, Kenwind Holdings director, Susan Nandwa, highlighted that this wind power project has experienced some difficulties, explaining that they were forced to […]

2 GW solar power capacity initiated in Egypt

2 GW solar power capacity initiated in Egypt

International companies are making swift progress on their plans to significantly boost renewable energy capacity addition in Egypt. An international consortium led by Terra Sola recently announced that it started construction of a 2 GW solar power project in Egypt. The project is expected to require a total investment of $3.5 billion. The consortium includes Terra Sola […]

EAIF financing hydro in Uganda.

EAIF financing hydro in Uganda.

The Emerging Africa Infrastructure Fund (EAIF) has participated in the financing of a project to develop and construct a 5.4MW run-of-the-river hydropower project in Uganda. FMO, the Dutch development bank, has acted as mandated lead arranger of the $10.2m senior loan facility, of which 50% was syndicated to the EAIF, a direct investment vehicle of […]

CDC backs Virunga Energy with $9 mln

CDC backs Virunga Energy with $9 mln

UK development finance institution, CDC Group, is backing Virunga Energy, a hydro-electric power business backed by The Virunga Foundation, a UK charity, with a 10-year loan of up to $9 million for its project to build two new plants with almost 50MW generation capacity in North Kivu, Eastern Congo. The investment is being made with funds […]