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African Development Bank Extends Desert to Power Program to Nigeria

The President of the African Development Bank (AfDB) Dr. Akinwunmi Adesina, announced that the bank is set to undertake its ‘Desert to Power’ initiative in Nigeria. He announced that the initiative has already commenced in Morocco and Kenya. The Desert to Power project is aimed at constructing the world’s largest solar power zone that would […]

Saudi inaugurates first renewable energy power plant

African Development Bank opens $50-60m pot for off-grid solar Covid recovery

Multilateral development lender the African Development Bank (AfDB) has committed US$20 million to a US$50-60 million Covid recovery fund for companies which distribute solar home systems and clean cooking stoves and set up green mini-grids and other off-grid renewables systems across the continent. The directors of the AfDB last week agreed to allocate US$20 million […]

Saudi inaugurates first renewable energy power plant

IRENA and African Development Bank Partner to Scale up Renewables Investments in Africa

  The Bank’s partnership with IRENA will support Africa’s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030.” – Bank VP Kevin Kariuki “This agreement represents the type of coordinated international cooperation that is the cornerstone of the realisation of sustainable development in Africa […]

Saudi inaugurates first renewable energy power plant

AFDB’s SEFA grants $760,000 to develop small-scale renewable energy projects across Sub Saharan Africa

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction. The grant will support a broad range of project preparation and development activities, including technical feasibility […]

LG Electronics Launches High-efficiency Solar Modules

African Development Bank offers technical assistance for development of mini green energy grids in Guinea

The African Development Bank, through its Sustainable Energy Fund for Africa (SEFA) , approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification (AGER), in the establishment green mini-grid projects in the Republic of Guinea. This grant will specifically finance technical, economic, financial and environmental and social pre-feasibility studies of […]

Saudi inaugurates first renewable energy power plant

The African Development Bank’s Facility for Energy Inclusion attracts $160m in commitments for small-scale renewable energy

The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI. FEI is a targeted $400 million fund to improve energy access across Africa through small-scale renewable energy and mini-grid projects. Spearheaded by […]

Duke Energy and Wells Fargo sign renewable power agreement

African Development Bank sponsored Off-Grid Energy Access Fund reaches final equity close with partner contributions

The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies. The final close, reached on 18 November 2019, was made possible through a $15 million equity contribution from the […]

Saudi inaugurates first renewable energy power plant

African Development Bank approves $20 million investment in Metier Fund to support renewable energy in Sub-Saharan Africa

The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential […]

Saudi inaugurates first renewable energy power plant

Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation

The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of […]

Saudi inaugurates first renewable energy power plant

AfDB’s SEFA provides $1mn to support 9 MW solar-hydro hybrid project in Burundi

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a USD 990,000 grant to support the preparation of a 9 megawatt solar-hydro hybrid project in Burundi. The African Development Bank-funded project consists of two plants, each featuring a solar and a hydro component as well as a local distribution network and interconnection […]

Saudi inaugurates first renewable energy power plant