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PPA
The government has signed two new Power Purchasing Agreement (PPA) to add about 720 Mega Watts (MW) of power to the country's generation capacity, Minister of Energy, Dr Matthew Opoku Prempeh has disclosed. The two agreements 370MW AKSA, Tema and…
battery storage
Senegalese National Electricity Company (SENELEC) has signed a power purchase agreement (PPA) with Infinity Power. The contract covers the installation of an electricity storage system for the Taïba N'Diaye wind farm in the Thiès region of western…
hydro
In Gabon, the Kinguélé Aval hydroelectric project has received its first disbursement of 81 billion CFA francs. The funding has been raised by four lenders to the project, which is being developed under a public-private partnership (PPP). The…
Climate Finance
The African Development Bank (AfDB) is providing South Africa with budget support worth $300 million. This loan will support a government programme dedicated to energy transition and climate resilience. After the World Bank, it is now the turn of…
renewable energy
The Federal Government has partnered with a United States based firm, Hecate Global Renewables to develop a sustainable renewable energy sector in the country. Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji disclosed this…
electricity trading
ADDIS ABABA- Ministry of Water and Energy (MoE) expressed that Ethiopia is committed to increasing energy export as the national power generation capacity is growing through time. Ethiopia's power export capacity is growing by 15% since the past…
solar grid
Solar-powered irrigation systems provider SunCulture has secured funding to promote solar irrigation in Africa and accelerate agricultural innovation in the context of the food crisis. The funds are being provided by Nithio Financial Intermediary,…
transmission
Addis Abeba — Ethiopian Electric Power (EEP) has announced plans to boost electric power export to neighboring countries and earn more revenue in the current fiscal year. Last year, the country exported 1701 GW of electricity to three neighboring…
electric vehicle
A partnership has just been formed between the South African subsidiary of German carmaker BMW, mining operator Anglo American and chemicals giant Sasol. The aim is to accelerate the development of hydrogen-powered mobility in the rainbow nation.…