[Sierra Leone] Easy Solar receives funding from Acumen and Gaia Impact Fund to accelerate access to off grid solutions
Acumen, the nonprofit global venture fund, and Gaia Impact Fund, a venture fund specializing in clean energy have announced their investment in Azimuth, trading as Easy Solar, a pay-as-you-go solar distribution company operating in Sierra Leone.
The British High Commissioner to Uganda, Peter West has announced a new partnership between the UK’s Department for International Development and the United Nations Capital Development Fund in Uganda.
Research Triangle Park, NC—RTI International has been named a prime contractor on the United States Agency for International DevelopmentPower Africa indefinite delivery, indefinite quantity contract.
World Bank approves $486 million to improve Nigeria electricity transmission network and infrastructure
The World Bank has approved an International Development Association Credit and an IDA Scale Up Facility Credit in the total amount of $486 million equivalent for rehabilitation and upgrading of electricity transmission substations and lines.
TRINE has launched the world’s largest crowd-investment initiative for off-grid solar.
The Managing Director of Eni Ghana Giancarlo Ruiu has signed two separate MOUs with the CEO of the Bui Power Authority Fred Oware and the CEO of the Volta River Authority Emmanuel Antwi-Darkwa, on the joint development of power generation from renewable sources.
As developing countries embrace innovation that will guarantee faster solutions to energy challenges, GE Power and Marinus Energy have announced a pilot project to capture Isopentane gas and use it as a fuel source for generating electricity.
Member of the Managing Board of Siemens AG Ms. Janina Kugel, together with regional and pan African executive management visited Sudan.
EAIF has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a US$21million B loan to Central Termica de Ressano Garcia S.A.
EnSync, Inc a developer of innovative distributed energy resources has announced its entry into the rapidly growing African microgrid market through the sale of a project that will deliver electricity to an East African village.
Sterling and Wilson, global solar company has been chosen to construct Zambia’s largest solar plant, of capacity 54.3 Megawatt peak.
[Mali] Emerging Africa Infrastructure Fund and Akuo Energy to finance construction of largest solar plant in West Africa
The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, French green independent power produced have agreed to finance the Akuo Kita Solar power plant, to be built at Kita in southern Mali.
African Infrastructure Investment Managers and Helios Investment Partners invest in Nigeria's Starsight Power Utility
African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), has announced an investment in Starsight Power Utility Ltd.
Tanzania private energy company Ruaha Energy has entered into a Standard Power Purchase Agreement with Tanzania Electric Supply Company Limited, TANESCO.
Credit rating agencies Moody's and Fitch Ratings have downgraded the credit rating of South African electricity public utility Eskom citing the company's uncertain capacity to fulfill its short term financial obligations.
Rensource, a Lagos-based renewable energy startup, has raised $3.5 million in bridge financing to expand its business. This is coming nearly 2 years after a previous seed round of $1.1m in 2016.
The China-based auto manufacturer BYD has been expanding internationally in recent years quite a bit, with the most recent news on that front being that a deal has been struck that will see the old city of Alexandria granted its first electric buses.
In line with its High 5 development priorities and, in particular, its agenda to Light up and power Africa, the African Development Bank plans to reach 29.3 million people in African with electricity by 2020.
African Infrastructure Investment Managers, one of Africa’s infrastructure equity investment managers and a member of Old Mutual Alternative Investments, today announces its acquisition of a minority stake in the Amandi IPP power plant in Ghana.
Senegalese Prime Minister Mahammed Boun Abdallah Dionne has inaugurated a twin solar facility, Ten Merina. This is a major milestone and cements Senegal’s position as the leading regional producer of solar energy.
The President of the Republic of Madagascar, HE Hery Rajaonarimampianina has presented to the private sector and civil society organizations the country’s strategy for growth and transformation by 2030.
Morocco and European Bank for Reconstruction and Development (EBRD) signed Wednesday in Rabat a Memorandum of Understanding on green projects financing.
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.
Islamic Corporation for the Development of the Private Sector and IL&FS Investment Managers sign agreement to establish $1bn Africa-focused infrastructure financing fund
The Islamic Corporation for the Development of the Private Sector (ICD) and the IL&FS Investment Managers Limited (IIML) have signed a Shareholder Agreement to establish an infrastructure Fund focused on Africa.
Energy 4 Impact has signed an agreement with Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH to assist mini-grid projects in receiving result-based financing, as part of their Energising Development programme.
InfraCo Africa increases its commitment to $30 million for Ethiopia’s first private geothermal project
InfraCo Africa has signed a Shareholders Agreement with Berkeley Energy, committing $30m of equity investment to Ethiopia's Corbetti Geothermal project, doubling its original commitment of $15m.
African energy and infrastructure conglomerate, Sahara Group will make a strong case for collaborative efforts towards achieving the Sustainable Development Goals (SDGs) through more access to power in Africa.
Aggreko has started to supply stable power, using 28 MW of its HFO-generated energy to Madagascar.
InfraCo Africa, part of the multi-lateral Private Infrastructure Development Group (PIDG), has signed a Joint Development Agreement (JDA) with Solvéo Energie S.A.S, Solvéo Guinea Renewable Energy SA and Solvéo International Investments SARL.
At the Global Off-Grid Lighting Association conference in Hong Kong, Azuri Technologies has launched its innovative $20 million off-balance-sheet debt financing program.
[Mali] 12,500 new subscribers connected to the national grid with $ 28 million funding from African Development Bank
The year 2018 is starting well for the rural populations of Mali: nearly 12,500 new subscribers living in rural areas will soon be connected to the electricity grid.
Power Africa, a U.S. Government initiative to double electricity access in sub-Saharan Africa, has launched the Guide to Community Engagement for Power Projects in Kenya.
Astronergy/CHINT Solar has won a new contract to provide EPC services to the 165 megawatts solar project in Egypt. The company will undertake the technology, design, engineering, procurement and construction work for the whole project.
Orb Energy has raised more than $15 million in equity and debt to grow its in-house finance facility of rooftop solar for small- and medium-sized enterprises (SMEs) in India and to further expand its Kenya operations.
BBOXX, a next generation utility, has launched large pay-as-you-go (PAYG) solar systems in towns and cities in the Democratic Republic of Congo (DRC).
Husk Power Systems, a rural distributed utility company operating mini-grids in Asia and Africa, has announced a $20 million equity investment by Shell Technology Ventures LLC.
The International Islamic Trade Finance Corporation, a member of the Islamic Development Bank Group has signed a $210 million Framework Agreement with Government of The Gambia for financing over a three year period.
[Egypt] NEXTracker delivers smart tracker technology to world's largest planned solar power plant in North Africa
Power company NEXTracker has announced that global solar EPC company Sterling and Wilson selected NEXTracker to supply 325 megawatts of its smart solar trackers to its project within the Benban solar park in Aswan, Egypt.
Acquisition of Afric Power and Tieri gives ENGIE strong local presence to accelerate its expansion in energy services in West and Central Africa
ENGIE has signed an agreement to acquire two companies specialising in energy services in West Africa.
Abu Dhabi Fund for Development has announced that USD25 million in concessional loans from ADFD have been earmarked for two solar PV projects, one each in Mauritius and Rwanda.
Enos Banda has been appointed Chief Executive Officer of Anergi, the major African power company established through the joint venture between Africa Finance Corporation and Harith General Partners.
A U.S. based company, RD Global, working with a Japanese company, Mera Group Corporation, plans to set up a manufacturing plant of energy renewable products in Zambia in an effort to mitigate the energy deficit in the region.
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited.
2017 had its ups and downs and the power sector was no exception. The year started with a generally low mood in terms of the quantum of power generation available for distribution from none to a peak of 5,222MW on 18th of December, 2017.
Africa will not be able to accelerate and sustain growth without adequate access to energy, says Economic Commission for Africa’s Executive Secretary, Vera Songwe.
Gowling WLG has served as the legal adviser on one of the largest new-build nuclear power construction projects in the world: the El Dabaa project in Egypt, worth more than $30 billion.
Kenya Power has named Ambassador (Eng.) Mahboub Maalim Mohamed as its new Chairman.
Samuel Tafesse, the founder of Sunshine Construction, has announced plans to build a solar park in Ethiopia. “At the moment, we are exploring opportunities in power generation,” the 60-year old entrepreneur".
IFC, a member of the World Bank Group, has finalized financing for the construction of Zambia’s first large-scale solar power plant – the first project to be developed, tendered, awarded, and financed under the World Bank Group’s Scaling Solar program.
The technology group Wärtsilä is set to deliver a turnkey power plant to provide electricity for the Phase Two expansion of the Tasiast mine located in Mauritania.
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change.
The World Bank Group has approved an International Development Association guarantee of up to $2.8m that will support Zambia in increasing its solar photovoltaic electricity generation capacity and diversify the country’s primary energy sources.
Energy chief of the bank Bakr Abdel Wahab stated that within the upcoming three years, Egyptian investment bank EFG Hermes is looking to run renewable energy projects reaching 400 to 500 megawatts in the North African country.
Africa will not be able to accelerate and sustain growth without adequate access to energy, says Economic Commission for Africa’s Executive Secretary, Vera Songwe.
The World Bank has approved a $35 million International Development Association (IDA) credit to support the country’s investments in the energy sector.
Bluedrop Learning Networks, a division of Bluedrop Performance Learning has secured a contract with Solar Sister to scale and build the capacity of their Associates in Nigeria and Tanzania.
The Government of Sierra Leone is pleased to announce that Sierra Leone has undergone a number of critical steps leading up to the historic landmark event on 12th of December 2017, where the Solar Park Freetown project was inaugurated.
The Commission of the Economic Community of West African States (ECOWAS) and the World Bank have agreed to collaborate closely in the areas of infrastructure, transportation, energy, agriculture and food security.
The International Islamic Trade Finance Corporation signs a €110.5 million agreement with SENELEC to boost Senegal’s energy sector
The International Islamic Trade Finance Corporation, member of the Islamic Development Bank has signed a EUR 110.5 Million agreement, in favor of Senegal National Power Company to enhance the country's power system efficiency.
In order to help Ghana meet its industrialization targets, Siemens and Rotan Power have signed a memorandum of understanding (MoU) to develop and build a combined cycle power plant with a capacity of 660 megawatts.
Globeleq, a power producer focused on Africa, says its majority owned subsidiary, Azito Energie and the Government of Côte d'Ivoire have signed an agreement to enable implementation of technical improvements to its Azito combined cycle power plant .
Mobisol receives $25 million funding in six months from Investec Asset Management as follow on investment
Investec Asset Management, through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol – meaning that Mobisol has secured over $25 million funding in the last six months.
Côte d’Ivoire’s renewable energy project receives €50m financing support from African Development Bank
Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on Wednesday, 6 September 2017 in Abidjan.
Power Africa partners with Africa Trade Insurance to provide access to energy for 50 million in Sub Saharan Africa
Power Africa and the African Trade Insurance Agency (ATI) have partnered to ramp up efforts to provide first-time access to power to 50 million people in sub-Saharan Africa.
World Bank and Government of Rwanda sign agreement to enable financially sustainable expansion of electricity services
The World Bank Group and the Government of Rwanda have signed a $125 million Financing Agreement for the First Programmatic Energy Sector Development Policy operation.
Following on from the Government of Sierra Leone’s signing of the 25-year Power Purchase and Implementation Agreements with Joule Africa in August 2017, these important project documents have now been ratified by the Sierra Leone Parliament.
ENGIE announces that an agreement was reached with two South African energy services companies, Thermaire Investments and Ampair to acquire 100% of their respective shares.
[South Africa] GE reaches half way point of Medupi power plant construction with final acceptance of unit four
General Electric Steam Power Systems has received a Final Acceptance Certificate from Eskom for the successful testing and transitioning of Medupi Power Station Unit 4
The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement.
Financiers of the $1.2billion Zambia, Kenya and Tanzania power interconnector meet to raise funds for its completion
Project financers for the 2,300km Zambia Tanzania and Kenya (ZTK) power interconnector are meeting in Zambia to raise funds for the completion of the $1.2 billion project.
Globeleq, a developer, owner and operator of electricity generation projects in Africa, has increased its shareholding in the Jeffreys Bay Wind Farm, De Aar Solar and Droogfontein Solar power projects in South Africa.
The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of € 150m to help finance the 420 MW Nachtigal hydroelectric project, with the financial support of other partners.
The Dangote Group of Nigeria, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville.
Eni becomes operator of Cabinda North, strengthens presence in upstream, downstream, trading and renewable sectors in Angola
Eni’s CEO Claudio Descalzi and Sonangol’s Chairman of the Board of Directors Carlos Saturnino have signed an agreement that assigns operatorship of Cabinda North block to Eni, as well as 48% the block’s rights.
Puma Energy selects WEX IFCS and OTI PetroSmart’s Easy Fuel Plus solution to drive B2B growth in Africa
WEX Inc a global provider of corporate payment solutions, and OTI PetroSmart, a wholly owned subsidiary of OTI have been selected by Puma Energy to support its on-road B2B fueling offer.
Kenya Power has signed a total of 23 contracts for the implementation of the Last Mile Connectivity Project (LMCP) funded by both the African Development Bank and the World Bank.
The technology group Wärtsilä has received a letter of award for a 95,3MWp (75MWac) solar photovoltaic (PV) power plant in Nigeria.
Executive Directors of the African Development Bank Group have approved a loan and a grant amounting to $101.46m for the rehabilitation of power systems in Ethiopia.
CNN Market Place Africa follows a delegation of Kenyan utility managers and policy makers as they travel to the Solar Farm Project in the Californian desert to learn about more about the opportunities provided by solar power.
Two off grid projects were recently announced in Nigeria, one consisting of a partnership between Pan Africa Solar and BBOXX (PAS BBOXX), adding to the growing momentum of the off grid sector across Africa.
The 23rd Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) held in Bonn, Germany from November 6 -17 2017, provided the framework for the launch of the UCLG Africa Climate Task Force
To improve performance and visibility into plant and turbine operations, GE’s Power Services business has signed an agreement with Azito Energie S.A. to upgrade two gas turbines at the company’s combined-cycle power plant.
Germany backs renewable energy project in Africa with the launch of RLSF, an innovative liquidity facility managed by ATI
KfW, the German Development Bank, and the African Trade Insurance Agency have unveiled a new instrument to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale green power energy projects.
Soraa, the company behind high-quality LED lighting and illuminator of the world’s most famous historical buildings has announced that its VIVID lamps were chosen to perfectly illuminate the new City of Johannesburg Council Chambers.
The Lumos Mobile Electricity Service aims to bring power to millions of people who do not currently have access to an affordable, reliable or clean energy supply.
The Sustainable Energy Fund for Africa (SEFA) has approved $990,000 to eThala Management Services, to support the development of a 10-MW Biomass-to-Power plant to be located in the KwaZulu Natal Province of South Africa.
The Boards of Directors of the African Development Bank Group (AfDB), on Wednesday, 8 November 2017, approved the Africa Thriving and Resilient: The Bank Group’s Second Climate Change Action Plan, 2016-2020 (CCAP2).
The Nigerian National Petroleum Corporation and the Nigerian Agip Oil Company Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts through the completion of its Okpai Phase II Independent Power Project by 2019.
Alfanar Company has closed the financing for the development, construction, ownership and operation of a 50 MW solar PV plant in Egypt's Aswan province and which will be supported by Egypt's FiT program.
During an official visit to Tanzania, Commissioner for International Cooperation and Development Neven Mimica signed a €50 million programme to support rural electrification in the country.
Phoenix Energy of Safra, Lebanon participated in the official signing of the International Finance Corporation’s (IFC) Nubian Suns Feed-in-Tariff Financing Program in Cairo, Egypt.
Schneider Electric signs manufacturing partnership agreement with SDM Electrical Switchboards Botswana
Schneider Electric, a global specialist in energy management and automation, is empowering the continent through supporting and addressing the transfer of skills and technology in the power and energy industry.
REDAVIA a global leader in solar energy has invested in the largest minigrid in Tanzania connecting more rural people to the national grid.
[Kenya] JinkoSolar switches London Distillers to solar energy in largest commercial rooftop project in East Africa
JinkoSolar Holding Co., Ltd a global player in the photovoltaic (PV) industry has supplied 924 Kilowatts of PV modules to be installed on the rooftop of the London Distillers’ distillery in Athi River, Kenya.
Africa Finance Corporation (AFC) has signed an Accreditation Master Agreement (AMA) with the Green Climate Fund (GCF) in Seoul, South Korea.
EREN Renewable Energy and Access Power enter Egyptian renewable energy market with completion of financial close for two solar plants
EREN Renewable Energy and its strategic partner Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126MWp located in the Benban complex.
The United States Agency for International Development (USAID) will advance off-grid energy solutions in sub-Saharan Africa through several new awards announced at the Unlocking Solar Capital: Africa Conference in Abidjan, Côte d'Ivoire.
Africa50, the infrastructure fund for Africa, Scatec Solar and Norfund have signed the long-term financing documentation for the 400 MWDC utility scale photovoltaic power plants in Egypt.
ENGIE and Fenix have agreed on a transaction in which ENGIE will acquire 100 per cent of Fenix International, a next generation energy company, offering Solar Home Systems (SHS) in Africa.