GE Power awards R30m of student bursaries in partnership with ESKOM, South Africa’s power utility company
GE’s Steam Power business in collaboration with ESKOM, South Africa’s power utility company, has awarded needs-based bursaries worth up to 30 Million rands to sixty students from the Mpumalanga province.
Azuri Technologies, the first company to launch a complete pay-as-you-go solar TV package in Kenya, has announced a partnership with StarTimes to bring wider choice of content to its off-grid customers.
Somaliland among the first beneficiaries of the 50 Clean Energy Projects initiative by ImpactPPA and Earth Day Network
Decentralized renewable energy company ImpactPPA and Earth Day Network have announced an initiative to install clean energy systems at 50 facilities by 2020.
The Egyptian Government has again outlined plans to eliminate electricity subsidies, in order to allow some form of free market involving the private sector.
Nigeria Vision 20:2020 is set to be a major development plan for the country to accelerate growth of commercial and industrial sectors over the coming years.
Kenya Power mulls partnership with Kenya Association of Manufacturers to lower industrial energy costs
Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers, KAM, to carry out regular energy audits among manufacturers to maximize production efficiency.
Emerging Africa Infrastructure Fund raises $385 million in new debt financing to drive five year business plan
The Emerging Africa Infrastructure Fund, EAIF, managed by Investec Asset Management has successfully completed its latest fundraising round, raising $385million in new long-term debt capital to invest in Africa.
Sustainable energy consumption and 'green' energy production at home is becoming a new lifestyle.
[Tunisia] Islamic Development Bank approves $184 million for energy, healthcare and social integration projects
Islamic Development Bank’s Board of Executive Directors meeting has approved mega financing for different projects in Tunisia.
Ghana’s steady socio-economic development has made it one of Africa’s fastest growing success stories, but in order to compete with the world’s strongest nations more investment in energy infrastructure and skills development is required.
Ghana’s steady socio-economic development over the past few years has made it one of Africa’s fastest growing success stories, but to compete with the world’s strongest nations more investment in energy infrastructure and skills development is required.
The World Bank Group’s Scaling Solar program, designed to help remove obstacles to developing large-scale solar power in developing countries, has set a new benchmark in Senegal resulting in two bids that will produce electricity for under 4 Euro cents.
KWHCoin, the blockchain-based renewable energy company using a digital currency that converts renewable distributed energy resources to digital tokens has signed a Memorandum of Understanding with Nurse In Hand (NIH) Emergency Response.
BBOXX and Lendahand Ethex launch annual £2.5 million crowdfunding initiative to provide families in Rwanda, Togo and Nigeria with affordable solar energy
Lendahand Ethex, an online positive impact investing platform and BBOXX, a next generation utility, have announced the start of a new Energise Africa partnership accessing for the first time, flexible finance from the UK crowd.
Seabased has been contracted by TC’s Energy, a Ghanaian renewable energy production company, to deliver a wave energy plant near Ada, Ghana.
Scatec Solar ASA and partners have signed project documents and are now expected to achieve financial close for three solar PV plants in South Africa totaling 258 MW.
African Development Bank provides $11.23 million to Madagascar for energy, agriculture and pest control
The Government of Madagascar and the African Development Bank Group (AfDB) have signed five project financing agreements in Antananarivo, for an approximately $11.23 million.
Viper Networks Inc. in partnership with Apollo Smart Lights and Apollo INT’L SAL, has completed the first Smart Cities Solution deployment in Africa.
[South Africa] SolarReserve, ACWA and Eskom sign power agreement for construction of 100 megawatt power station
A consortium led by SolarReserve and International Company for Power and Water have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone Solar Thermal Power Project.
ENGIE and Fenix complete acquisition, target to reach millions of African households with affordable, clean energy
Global utility company ENGIE and off-grid energy leader Fenix International have closed their acquisition agreement.
Telecommunication company Orange has expressed its desire to become a key player in the energy transition sector in Africa, by providing services directly to the general public or as a wholesaler to public operators.
His Excellency Dr. Mohammed Amin Adam, Deputy Minister (Petroleum), Ghana, and Alhassan Tampuli, Chief Executive Officer, National Petroleum Authority (NPA) will participate in on stage interviews at the Argus West Africa LPG conference and exhibition on 9 – 10 May in Accra, Ghana.
LINDA DOR Hospitality Group in the Eastern Region of Ghana, chose REDAVIA, a global player in rental solar power for businesses and communities, to implement its first solar farm for its group of companies.
European Investment Bank and d.light announce $25 million financing to strengthen Africa access to clean energy with solar kits
The Vice-President of the European Investment Bank Ambroise Fayolle has announced the signing of $25m in financing with d.light design to strengthen access to energy in Africa via solar kits.
Leroy Mwasaru a 20-year-old Kenyan runs Greenpact, a social enterprise creating biogas and fertilizer made from human and organic waste.
Utility company Kenya Power has expressed its desire to enhance service delivery to large power consumers in a bid to promote the manufacturing sector and encourage a 24-hour economy.
South African government unveils Bio refinery facility to address biomass waste challenges, boost industry competitiveness
The South African government has launched a R37.5 million biorefinery facility in Durban, which is set to extract maximum value from biomass waste.
Vivo Energy, Resolution Call, HPS Worldwide, Webhelp, Teleperformance, Comdata, Hilti, Arval, Masen, Chaabi LLD, Nestle, Promamec, Roche, Nomac were awarded the best place to work in Morocco for 2018.
The United Nations Industrial Development Organization (UNIDO) has signed an agreement to work together with the International Solar Alliance (ISA).
First political risk insurance to unlock $1.4 billion clean energy investment across Africa unveiled
The joint initiative to tackle key investment challenges holding back crucial energy investment across Africa has been formally launched.
GE’s Power Services business and FieldCore, GE’s customer-focused field services company have successfully restarted Metahara Sugar factory in Ethiopia, seven months after the plant was severely damaged by a major thunderstorm.
ALTEN Africa completes financing in Namibia of one of the biggest solar plants in Sub Saharan Africa
ALTEN Africa has achieved financial closure of what will be the biggest photovoltaic solar power plant in Namibia and Sub-Saharan Africa with installed capacity of 45.5 MWp for an output of 37 MWac.
The African Development Bank has undertaken a mission to hold further discussions on Nigeria’s Power Sector Recovery Program (PSRP) with several stakeholders in Abuja, the country’s capital, from March 14-16, 2018.
African Development Bank and the International Solar Alliance team up to drive solar development in Africa
The African Development Bank’s Vice-President for Power, Energy, Climate and Green Growth, Amadou Hott, took part in the Founding Conference of the International Solar Alliance (ISA).
Energy Recovery, Inc. a provider of pressure energy technology for industrial fluid flows, has been awarded $4 million to supply its PX® Pressure Exchanger® technology for desalination projects in Egypt.
Energy 4 Impact is pursuing a new approach that involves community members in the development and operation of mini-grids in Rwanda.
Global solar company Canadian Solar Inc. has successfully completed construction and started commercial operation of a 6 MWp solar photovoltaic (PV) power project in Keetmanshoop, Namibia.
African Development Bank signs deal with International Solar Alliance to propel solar development in Africa
In a major boost for its Light up and power Africa initiative, the African Development Bank has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa.
International commodity price reporting agency Argus continues to expand its global operations, opening a new office in Cape Town, South Africa, this month.
The Board of Directors of IFC and MIGA have approved a plan to refinance more than $400 million of loans to Bujagali Energy Limited and provide up to $423 million in guarantees in support of the Bujagali hydropower project.
Tanzania based clean energy company Rafiki Power and Mobisol GmbH have partnered to pilot a new approach labelled the Hybrid Grid for off-grid clients in rural Tanzania.
Globeleq, an independent power company in Africa, along with CDC Group plc (CDC) and TCQ Power, have celebrated the start of construction of the 57 MW Western Area Power Generation Project in Sierra Leone with a ground breaking event.
IFC and Côte d’Ivoire lead public-private dialogue on opportunities to reduce energy gap with renewables
IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Oil, Energy and Renewable Energy Development of Côte d’Ivoire have partnered to bring together public and private sector executives in dialogue.
The Overseas Private Investment Corporation says it has committed $2.4 billion to date to the U.S. Power Africa initiative to harness the resources of the private sector to bring more electricity to Africa.
The Nigerian National Petroleum Corporation has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium term supply gap by 2020.
Moustapha Sene is soft-spoken, but he is sure of what he's doing, and has proved a rare knack for seeing the obvious.
Challenges and opportunities abound in Africa’s energy sector, with increase in mergers and acquisitions, Baker McKenzie forecast
Baker McKenzie’s Global Transaction Forecast for the Energy Sector shows that total M&A value in the energy sector in Africa and the Middle East was US$ 4.4 billion in 2017.
Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses.
[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.
A new study released by the Center for Global Development found that either grid electricity or off-grid solutions alone are currently inadequate to meet many African consumers’ modern energy demands.
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.
Debt crowdfunding initiatives have highest success rates for East Africa’s small businesses, Energy 4 Impact report
Debt crowd funding is the most popular form of online capital raising for small businesses in Africa’s clean energy access sector.
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.
Demand for remote renewable energy systems propels power storage market in Sub Saharan Africa, Frost & Sullivan
The drive to integrate renewable energy into the grid whilst at the same time supply constant, reliable power for industry activities is one of the key factors driving the power storage market in Sub-Saharan Africa.
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.