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Middle East & Africa

One step closer to clean energy for 30 million people in Africa

Africa’s first regional PPP hydropower project reaches key milestone Finance Minister signs grant agreement with European Investment Bank in Bujumbura EUR 9 million European support unlocks final preparatory works for Ruzizi III hydro project Follows 10 years of EIB and EU financial support for preparation of 147MW hydropower scheme Project backed by Burundi, Rwanda, DRC […]

AIIB weighs funding support for Oman’s first solar PV project

AIIB weighs funding support for Oman’s first solar PV projectThe Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mandate to support infrastructure development in the Asia-Pacific region, has revealed that it is studying a request for around $60 million in funding support from the developers of Oman’s first utility-scale solar PV project. […]

UK could tap into Africa’s $24bn market for off-grid solar power

Rapidly growing sector could prove lucrative as Britain seeks post-Brexit trade opportunities UK investors could seize a $24bn investment opportunity by helping to connect millions of people without access to electricity to off-grid home solar power systems. The market for pay-as-you-go home solar packages is expected to boom in Africa, where millions of homes are […]

Middle East renewable energy ambitions face new challenges, says GlobalData

Jennifer Aguinaldo, Energy Editor at GlobalData, a leading data and analytics company offers her view: “Led by Abu Dhabi, Dubai and Saudi Arabia, solar and wind energy capacity is ramping up in the Middle East as governments seek to deliver ambitious renewable energy targets. The completion of the first utility-scale renewable projects across the Gulf […]

Off-grid African solar ‘could offer opportunities worth $24bn per year’

That’s the prediction from Kleos Advisory, which in a new report stresses the importance of harnessing the potential of the continent and strengthening ties with UK businesses Off-grid solar energy in Africa could offer economic opportunities worth $24 billion (£18.4bn) per year. That’s the prediction from Kleos Advisory, which in a new report stresses the […]