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Azuri Technologies, a leading provider of pay-as-you-go solar home solutions to off-grid households across Africa, has announced a strategic investment of $26 million, led by Fortune Global 500 company Marubeni Corporation. The investment has…
The Zambezi River Authority (ZRA) has shortlisted US, China and Italy for contract to construct the Batoka Gorge hydropower. “We have already shortlisted three bidders for the Batoka Gorge hydropower and currently working to make sure the authority…
Some United States-based Nigerians, including professionals in various fields, have advised President Muhammadu Buhari to declare a state of emergency in the power sector. The advice came through an opinion survey conducted by the News Agency of…
The 40MWAC (52MWp) Malindi Solar project in Malindi, Kenya has reached financial close and is now ready to commence with construction. Project developer, Globeleq, a power sector leader in Africa, has advised that the electricity will be sold…
Kenya leads all its East African neighbours in deepening access to electricity by a wide margin according to a recent report by the World Bank. The country was also listed among the top performers in expanding access to power in the period between…
OVER 30 independent power producers (IPPs) with licences to generate up to 5 000MW, stare the prospect of losing the licences for continuously failing to resume operations, at a time the country is contending with acute electricity shortages. This…
New IRENA report on costs for renewable power reaffirms renewables as low-cost solution to boost global climate action. Renewable power is the cheapest source of electricity in many parts of the world already today, the latest report from the…
Ethiopia is set to receive US $200m from World Bank for its Renewable Energy Guarantees Program (REGREP) aimed at supporting the country’s ongoing power sector reforms and leverage private sector financing for renewable energy generation. Rahul…
Globeleq has completed the acquisition of four renewable generation plants and the asset management company from an affiliate of Brookfield Asset Management. The addition of these entities strongly complements Globeleq’s existing renewable power…