News

Bloomberg Philanthropies partners with International Solar Alliance to mobilize $1 trillion in solar financing

10-26-2021 | 07:53:36
Bloomberg Philanthropies and the International Solar Alliance (ISA) have announced a partnership to mobilize $1 trillion in global investments for solar energy across ISA’s member countries.

Africa REN launches the construction of the largest solar plant in Burkina Faso

10-26-2021 | 07:49:21
With an installed capacity of 38MW, Kodeni Solar will be the largest solar power plant in the country as well as the first public-private partnership to reach financial close.

IRENA and Climate Investment Funds partner to advance the energy transition

10-26-2021 | 07:47:21
The Climate Investment Funds (CIF) and the International Renewable Energy Agency (IRENA) are joining forces to accelerate investment in clean energy globally.

South African Wind Energy Association joins global push for Net Zero

10-25-2021 | 16:39:47
The South African Wind Energy Association (SAWEA) has reiterated its commitment to ensure the country’s wind industry aligns with global plans.

[Kenya] Safaricom Recognized for Net Zero Efforts in the East African Climate Action awards

10-25-2021 | 13:19:28
Kenya’s leading telco Safaricom has received an honorary recognition from the IGAD Climate Prediction and Applications Centre (ICPAC) East African Climate Action Awards.

Renewable energy jobs reach 12 million globally, report

10-22-2021 | 11:30:01
Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019, according to the eighth edition of Renewable Energy and Jobs: Annual Review 2021.

Orascom Construction Consortium to develop a 500 MW wind farm in Egypt

10-21-2021 | 09:51:00
This new 500 MW wind farm triples Orascom Construction’s wind energy capacity to over 750 MW and builds on the consortium’s success in developing Ras Ghareb Wind Farm, Egypt’s first renewable energy Independent Power Producer (IPP) project of its kind and size.

Solar home systems company d.light raises $15 million to fund expansion

10-21-2021 | 09:40:12
d.light, a innovator of solar, lighting and sustainable products, has announced that it had raised $15 million of equity financing from existing investors, led by Inspired Evolution.

Sahara Group invests $1b in LPG to enhance African energy transition

10-21-2021 | 09:18:00
Energy and infrastructure conglomerate, Sahara Group announced it will invest over $1billion to enhance access to Liquefied Petroleum Gas (LPG) in Africa and emerging economies in a bid to boost energy transition on the continent.

ITFC signs €100m Murabaha financing agreement with SENELEC to support Senegal’s energy Sector

10-20-2021 | 14:29:00
The International Islamic Trade Finance Corporation (ITFC) approved a €100 million Murabaha financing to SENELEC (Senegal National Power Company), to enhance the production, transmission, and distribution of electricity in Senegal.

Scatec and Fertiglobe to develop green hydrogen as feedstock for ammonia production in Egypt

10-20-2021 | 12:20:12
Scatec will build, operate and majority own the facility and a long-term off-take agreement will be entered into with Fertiglobe’s subsidiary EBIC.

[Kenya] BTE Renewables and TNC invest $10 million in Kipeto Wind Power Project

10-20-2021 | 09:44:00
Sourced from TNC and private impact investors, the $10 million loan will facilitate funding, over the life of the project, towards implementing local human-wildlife initiatives in the areas surrounding the wind project.

Qair and STOA partner to launch investment platform for renewable projects in Africa

10-20-2021 | 09:39:26
The construction of the platform’s first solar power plant project in Burkina Faso is expected to start soon in Zano, in the department of Tenkodogo. The objective is to reach commissioning of the plant during 2022’s second half of the year.

Tlou Energy signs 10MW Power Purchase Agreement with Botswana Power Corp

10-19-2021 | 11:10:00
Tlou Energy signed a 10MW Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). Under the terms of the PPA, BPC will purchase up to 10MW of power generated at Tlou's Lesedi power project, to be sold into the local power grid.

Globeleq acquires Egyptian solar plant ARC

10-19-2021 | 10:26:00
Globeleq, the independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt.