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Kenya Electricity Generating Company (KenGen) has won a Sh5.2 billion tender to drill geothermal wells in Ethiopia, marking the second win in the landlocked country in under four months. Business development director at KenGen Moses Wekesa said it…
Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018. The regions of sub-Saharan Africa, Latin America and the Caribbean, and…
Benin’s Council of Ministers has approved the construction of four PV power plants with a combined capacity of 50 MW. The government said in a press release that the projects will be developed in the frame of the Millennium Challenge Account-Bénin…
Local asset manager Mergence Unlisted Investment Managers (Namibia) has bought a majority stake for an undisclosed sum in the 6MWp Momentous Solar One solar energy plant, located near Keetmanshoop. The seller is NASDAQ-listed Canadian Solar, one of…
IFC allocates USD 40 million to promote solar technologies. A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market. The Shenzhen-based company displayed solar powered…
The Electricity Company of Ghana (ECG) has stated that the retail of power to domestic homes will be opened up to private distribution companies in 2023. By this, the Power Distribution Services (PDS) will not be the only company supplying…
Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA). This compares with 10.3 million in 2017. As more and more countries manufacture, trade…
Finnish development financier Finnfund has signed a $5 million long-term senior debt financing to Starsight Power Utility Limited group in Nigeria to encourage green investment.  Starsight offers solar-diesel-battery hybrid generation and efficient…
New solar in Africa can be established at a going rate of just nine U.S. cents per kilowatt-hour, according to investors at yesterday’s opening day of the Africa Energy Forum. States should embark on a solar gold rush to secure global investment…