The Abu Dhabi Fund for Development (ADFD) has decided to allocate 15 million dollars for the construction of the future Blitta photovoltaic solar power plant in Togo. The project is being developed by the Emirati company Amea Power. The General Assembly of the International Renewable Energy Agency (Irena) took place on Sunday, January 12, 2020, […]
AFRICA: EIB and TDB lend $120 million to SMEs for renewable energy
The European Investment Bank (EIB) has recently partnered with the Eastern and Southern African Trade and Development Bank (TDB) to open a USD 120 million credit line. It is intended to finance renewable energy projects for small and medium-sized enterprises (SMEs). The 9th Summit of Heads of State and Government of African, Caribbean and Pacific […]
AFRICA: Oslo offers €30 million guarantee to renewable energy suppliers
The Norwegian government has decided to offer a guarantee of NOK 300 million (30 million) per year to renewable energy suppliers to guarantee their investments in low-income countries. Many of these countries are in Africa, south of the Sahara. Good news for renewable energy suppliers based in Norway. Dag-Inge Ulstein, Norway’s Minister for International Development, […]
ZAMBIA: Univergy will invest $200 million to produce 200 MWp from solar energy
The Japanese company Univergy Solar will invest 200 million dollars in Zambia to carry out two solar photovoltaic projects. They will allow 200 MWp to be fed into the national grid in 2020. A new independent power producer (IPP) is interested in Zambia. It is the Japanese Univergy Solar, with an extensive programme of projects […]
KENYA: EIB and FMO provide €106 million for two 80 MW solar projects
The European Investment Bank (EIB) and the Netherlands Development Finance Corporation (FMO) have allocated EUR 106 million to two solar projects developed by a consortium of independent power producers (IPPs) in Uasin Gishu County, western Kenya. Two solar projects have recently received $106 million in funding from the European Investment Bank (EIB) and the Netherlands […]
AFRICA: 3 European countries provide $350 million for solar energy and energy storage
France, the Netherlands and the United Kingdom have committed $350 million to invest in solar energy in Africa and electricity storage. It is a strategic investment at a time when Africa is relying on renewable energy to provide access to electricity for its population. Countries in sub-Saharan Africa will benefit from new funds to improve […]