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With a previous 50-50 split between equity and debt investment funding for the off-grid market lurching to 84% borrowing, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the…
The Marula Platinum Mine in South Africa wants a 10 MW solar plant after claiming the unreliable electricity supply from financially-troubled state-owned utility Eskom has affected production. “Given the recent enabling regulatory changes by the …
Danish investment firm Frontier Investment Management ApS has agreed to provide an undisclosed amount of financing for three PV projects in Guinea with a combined capacity of around 82 MW. “We are planning to invest between €65 million ($76.5…
The grants will provide reliable, affordable off-grid electricity to about 300 healthcare facilities Power Africa, through the United States Agency for International Development (USAID), has announced grants totalling $2,620,650 to solar energy…
The Ethiopian parliament has just validated the 117.3 million euro loan agreement concluded between the government and Danske Bank, Denmark's main bank for the construction of the Assela wind farm. The project, which is now entering its construction…
Solar home systems provider Easy Solar has just secured $5 million to accelerate the spread of its renewable energy solutions in West Africa, particularly in Liberia and Sierra Leone where it has already provided access to electricity to more than…
The World Bank has disclosed that about 80 per cent of subsidy the federal government provides in the electricity sector benefits mostly the country’s wealthy citizens with only two per cent of such getting to the poorest population. The bank also…
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. A new study for IFC, a member of the World Bank Group, shows that continental Africa possesses a stunning onshore wind potential…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than it supplied to its domestic industries, averaging about 600.38 million standard feet per day (mmscf/d). In its July…