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climate financing
The International Finance Corporation (IFC) is taking a $20 million equity stake in the Africa50 Infrastructure Acceleration Fund (IAF). This facility is dedicated to financing sustainable infrastructure in several sectors in Africa. The Africa50…
solarisation
Owendo Mineral Port (OMP) is committed to a low-emission economy. A 1.56 MWp solar system will soon be installed on the port's premises, located 21 kilometers from Gabon's capital, Libreville. The project is financed by British International…
clean cooking
DODOMA: FOOD vendors in Dodoma region have breathed a sigh of relief after receiving 500 gas cylinders and stoves. The donation was given by Oryx Gas Tanzania Limited (OGTL) in collaboration with an MP for Dodoma Urban, Mr Anthony Mavunde, who is…
solar
Independent power producer (IPP) Globeleq has announced a $37 million senior debt restructuring of its Aries and Konkoonsies solar photovoltaic power plants in South Africa. These facilities have been in operation since 2014. Globeleq refinances…
wind farm
Saudi Arabian independent power producer (IPP) Acwa Power and its partner Hassan Allam Utilities have signed a 25-year usufruct agreement for the Jabal el Zeit wind megaproject. The facility will have a capacity of 1,100 MW, making it one of the…
battery storage
As we enter 2024, the African renewable energy sector is poised for transformative advancements that will reshape the landscape of energy access, storage, and deployment across the continent. Paul van Zijl, Group CEO at Starsight Energy, outlines…
lithium
KAMATIVI Mining Company (KMC) which recently started extracting lithium from the old tin mine, has constructed close to 4km of a new road and is also rehabilitating a 20km stretch on the Cross Dete-Binga Road. With plans to increase production of…
integration
The African Development Bank (AfDB) is granting $302.9 million to Mauritania and Mali. The loan will support the construction of an electricity line linking the two countries. The project will include several solar power plants. The electricity…
transmission
Vinci Energies, a subsidiary of the French group Vinci, has won a €200 million contract in Senegal, financed with French support. The contract covers the construction of electricity transmission and distribution infrastructure throughout the country…