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The Multilateral Investment Guarantee Agency (MIGA) is issuing a $50.3 million guarantee to Congo Energy Solutions (Nuru). In the east of the Democratic Republic of Congo (DRC), the company is installing metropolitan electricity grids powered by…
energy sector
At a time when Ghana's energy sector is still short of revenue, the World Bank is releasing $260 million in response to the crisis. The programme financed in this way will make it possible to limit state intervention in the energy sector. How can…
wind farm
British International Investment (BII), the financial arm of British diplomacy, is providing $15 million in funding to Rift Valley Energy (RVE). The Meridiam-owned company builds and operates wind farms to supply local electricity grids. Good news…
RE
Lilongwe — The reduced cost of solar electricity has made electricity access affordable even to low-income households. Off-Grid electricity is playing a critical role in rapidly scaling up electricity access in many households that are far from the…
transmission
EBRD commits €45 million to support STEG in constructing ELMED, a 200km submarine cable linking Tunisia and Italy by 2028. The project’s total cost is €920 million, including a €307.6 million EU grant; it is co-financed by the EIB and KfW. ELMED…
Green Hydrogen
While the hydrogen sector is still in the process of being set up, Mauritania wants to take advantage of this relatively new solution to decarbonise the production and export of its iron to the world market. This is the aim of a partnership recently…
Solar
Ivory Coast inaugurates its first solar power plant in Boundiali, marking a shift towards renewable energy. The project aims to reduce reliance on fossil fuels and double its capacity to 80 MWp by 2024. It employs 350 locals and serves as a model…
solar farms
As load shedding continues to plague economic activities across Cameroon, Norwegian company Release by Scatec has reached an agreement with the authorities and utility Eneo to extend its solar power plants in Maroua and Guider. Almost a year after…
Solar
Washington — The World Bank's Board of Executive Directors approved a $35 million grant to enable solar power generation and increase access to electricity in Guinea-Bissau. The Guinea-Bissau Solar Energy Scale-up and Access Project will work on…