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 […]

Access Power gets financing for 50 MW PV project in Nigeria.

Access Power gets financing for 50 MW PV project in Nigeria.

The $1.65 million loan will be used to co-finance a 50 MW solar facility under development in Nigeria’s Kaduna State. The company expect to reach financial close for the project by the end of this year. UAE-based project development and advisory firm Access Power MEA announced that its Nigerian subsidiary Access Quaint Solar Nigeria Ltd. […]

Infinity Solar, ib vogt and Solizer secure 64.1 MWp solar power plant at Benban, Aswan under round one of the Egyptian FiT programme.

Infinity Solar, ib vogt and Solizer secure 64.1 MWp solar power plant at Benban, Aswan under round one of the Egyptian FiT programme.

Egyptian-based company Infinity Solar S.A.E. and German-based companies ib vogt GmbH and Solizer GmbH & Co. KG have announced the successful closure of a 64.1 MWp solar power plant project in Benban, Aswan, Egypt by the Infinity 50 consortium of which they are members. The project was approved by the Egyptian Electricity Transmission Company on […]

Engie to push renewables in Senegal.

Engie to push renewables in Senegal.

France’s Engie has announced it will team up with Senegal’s National Renewable Energies Agency (ANER) to accelerate the development of renewables. The Paris-listed company will focus on increasing individuals’ use of solar power, promotion of market energy performance contracts and strengthening the use of renewables in the local industrial network. Engie will carry out a […]

$46 Million in loans announced for four renewable energy projects in Africa, Caribbean.

$46 Million in loans announced for four renewable energy projects in Africa, Caribbean.

Projects selected by IRENA/ADFD will power rural communities, decrease emissions, improve health and create jobs The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) today announced USD 46 million in concessional loans for four renewable energy projects in developing countries. The loans will fund a wind and solar project in […]

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE signs deal for development of renewable energy in Senegal.

ENGIE announced Wednesday that it has signed off on a partnership with ANER, the National Renewable Energies Agency in Senegal, to spur the deployment of renewable energy within the country. The first part of this agreement involves the development of solar energy for individuals in multi-occupancy or individual housing. The aim of this measure is […]

ACWA Power sets separate company for renewable energy assets.

ACWA Power sets separate company for renewable energy assets.

With its global aggressive push in the renewable energy sector, Saudi Arabia-based company ACWA Power has launched a separate company to take control of its clean energy assets. ACWA Power RenewCo will absorb around 1 gigawatt (GW) of operational renewable energy assets. The company stated that all these projects have been secured through a competitive […]

NEPAD to boost Africa’s renewable energy project initiative.

NEPAD to boost Africa’s renewable energy project initiative.

NEPAD, being the implementing arm of the African Union (AU), is embarking on an exercise that hastens the expansion and execution of Africa’s Renewable Energy Projects. This is NEPAD Agency’s input in the execution of the Africa Renewable Energy Initiative that was approved by the AU Summit in June 2016 and also to the SE4ALL […]

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