Seven development finance institutions have committed €130m in total to Berkeley Energy’s latest Africa renewable energy fund. Berkeley Energy said the Africa Renewable Energy Fund II (AREF II) fund’s investor base includes CDP, CDC, FMO, Proparco, Swedfund, Sustainable Energy Fund for Africa and the Clean Technology Fund, part of the Climate Investment Funds. AREF II […]
Societe Generale to Expand Into Sustainable Finance in India
Societe Generale to Expand Into Sustainable Finance in India. Societe Generale SA plans to move into sustainable energy, transaction banking and trade finance in India, providing funding for local companies developing their businesses in Africa and central Europe…Read More…
Energy Minister Mantashe at Enlit Africa: “Energy Security at Centre of Recovery”
South Africa’s Minister of Mineral Resources and Energy Gwede Mantashe says energy security is at the centre of the country’s Economic Reconstruction and Recovery Plan, “with a requirement of reliable, affordable and clean energy sources, as well as long-term sustainable jobs.” During this morning’s opening session of Enlit Africa, taking place online from 8–10 June, […]
Orange Leads Solar Panel Deployment Across Africa, Middle East
As the world marked World Environment Day on June 5, Orange continues to accelerate its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not connected to the electricity grid and when they are, the quality of the grid often […]
COVID-19 Crisis Makes Electricity Too Costly For Millions in Africa, Asia
Millions struggled to pay for essential electricity services to power lighting, fans, televisions and mobile phones as the COVID-19 crisis hit jobs and incomes in 2020, the report said. KUALA LUMPUR: The economic toll from the COVID-19 pandemic has left more than 25 million people in Africa and Asia unable to afford electricity, threatening a […]
Solar-Powered Motor Bikes: Climate-Friendly Tool to Fight Poaching in Africa
Tracking ivory poachers in Africa takes skill, courage and lots of climate-unfriendly fuel, right? Perhaps not for much longer — a Swedish company has developed solar-powered motorbikes to tackle illegal wildlife crime and lessen the climate burden. The Kalk AP (anti-poaching) electric ‘bush-bikes’ developed by Stockholm-based electric motorcycle company CAKE are due to be tested […]
How Solar Pumps Benefit Everyday Life In Africa
Solar pumps have had a huge impact on agriculture and daily life across Africa, with the highest percentage of off-grid solar systems found in Kenya. The solar pump market in the country is thought to be at around $1 billion, and this has huge implications. With the chance of making a farmer’s income more steady […]
Africa’s Green Energy Developers Face Uphill Battle
Workers install solar panels at a photovoltaic solar park situated on the outskirts of the coastal town of Lamberts Bay, South Africa. A host of obstacles are preventing oil majors from achieving their renewable energy ambitions, from investment delays to natural hazards to a lack of clear legislation. After their natural gas projects.Oil majors are […]
AFRICA: Proparco Invests $10 Million in Solar Kit Supplier d.light
The solar home systems supplier d.light has just raised $10 million from Proparco, the subsidiary of the French Development Agency (AFD) group responsible for private sector financing. d.light will use this investment to develop its activities worldwide, particularly in Africa. Proparco enters the capital of d.light. The subsidiary of the French Development Agency (AFD) group […]
Germany Eager to Partner With West African Countries on Green Hydrogen
The German government is taking firs steps to partner with West African nations in the development of a hydrogen production. Federal education and research minister Anja Karliczek presented the “Green Hydrogen Potential Atlas” on Thursday, outlining the immense potential for a partnership between Germany and West Africa. “Many African countries have very good prerequisites for […]