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Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, has announced the closing of a $20 million facility from the International Finance Corporation (IFC). Following its $38 million series-B fundraise in January,…
The Niger Delta Power Holding Company (NDPHC) has commenced work on a new 15-kilometre 33kV line to restore power supply to a community in Nigeria that has been without electricity for a decade. The 33kV line from Ile-Ife transmission station to…
Solar is the main energy source among all independent power producer projects licensed by the authorities in Zimbabwe. The largest solar plant under construction in the country is a 25 MW facility in Matabeleland North province. The Zimbabwe Energy…
The Alliance for Rural Electrification (ARE) and the Solar Industry Association of Zambia (SIAZ) have signed a memorandum of understanding (MoU) to support the transition to renewable energy sources in Zambia. One of the goals is to create at least…
China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of their projects. Industrial and Commercial Bank of…
The French investment company Meridiam and its partner, Gabon Power Company (GPC), the subsidiary of the Gabonese Strategic Investment Fund (FGIS) have just completed the financing for the construction of the Kinguélé Aval hydroelectric dam. The…
The African Development Bank, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development…
The Inga hydropower scheme in the Democratic Republic of Congo (DRC) could be the key to the green electrification of Africa, according to a new report from Wood Mackenzie. Could the project also be a catalyst for the development of vast…
South Sudan will work with Egypt to carry out feasibility studies for the Wau Dam project in the south of the country. The infrastructure will provide water for irrigation for 500,000 people. The Wau Dam project in South Sudan is progressing. The…