The Multilateral Investment Guarantee Agency (MIGA) is guaranteeing $98.3 million for the refinancing of six solar photovoltaic plants owned by Scatec and Africa50 in the Benban complex in Egypt.…
In Namibia, the French nuclear giant Orano wants to equip its Erongo seawater desalination plant with a 5 MWp solar photovoltaic plant. The group has just signed a power purchase agreement (PPA) with…
Egypt's Elsewedy Electric is getting a $150 million loan to develop renewable energy in Africa. This loan is granted by First Abu Dhabi Bank, Europe Arab Bank and the International Finance…
The impact investment platform Symbiotics is providing a $5 million loan to Baobab+, a French company specializing in electrification via solar home systems. The funding will allow the company to…
The government of Benin has signed a concession agreement with a consortium formed by French independent power producer (IPP) GreenYellow and Egnon Consulting, a Cotonou-based company. The public-…
The Egyptian company Taqa Arabia is commissioning a solar photovoltaic plant in Soma Bay, a resort on the Red Sea in Egypt. In the wake of the plant's inauguration, Taqa has signed an agreement to…
Through its subsidiary CFAO Kenya, the Corporation for Africa and Overseas (CFAO) group announces an investment in Ofgen. The Nairobi, Kenya-based company installs solar power plants for commercial…
The Symbiotics platform is issuing $17 million in green bonds. The proceeds will fund Sun King's solar home systems in Africa and Asia.
Sun King secures further funding for the distribution of its…
The Cameroonian government is inaugurating two drinking water supply systems in the southern region. The installations are equipped with hybrid solar mini-power stations with batteries for…
The Ivorian government is launching the construction of a training centre for renewable energy professions in the commune of Yopougon. The project, which will cost 6.5 billion CFA francs (nearly 10…
The Tanzanian government signed a financing agreement with the French Development Agency (AFD). The development finance institution has agreed to grant a 75 million euro loan for the implementation…
A new partnership is being formed to accelerate access to renewable energy in developing countries, particularly in Africa. The alliance aims to support innovation in financing, the real barrier to…
The Korea International Cooperation Agency (KOICA) is providing a $5.07 million grant to support the resilience of smallholder farmers in northern Uganda. The funds will be managed by the…
Investment firm Harith General Partners is joining forces with power producer Anergi to launch a new financing mechanism for renewable energy in Africa. The Pan African Renewable Energy Fund (PAREF)…
Electricity access provider Husk Power is launching a new electrification initiative in Nigeria. Called 'Sunshot', the programme is expected to reach 2 million people over the next four years.
Husk…
Several African banks and investment firms are joining forces to finance climate-resilient infrastructure in Africa. The alliance consists of the African Development Bank (AfDB), Africa50 and the new…
The investor SunFunder has announced that it has been acquired by Mirova, an impact investment fund manager and subsidiary of Natixis Investment Managers. Mirova wants to accelerate investments in…
On the sidelines of the Africa Energy Forum (AEF) currently taking place in Brussels, Engie Energy Access signed a €10 million loan agreement with the European Investment Bank (EIB). This loan will…
The Egyptian government is entrusting the construction of the Gabal el Zeit wind farm complex to a consortium formed by the Saudi company Acwa Power and the Egyptian Hassan Allam Holding. The wind…
The CrossBoundary Energy Access (CBEA) financing mechanism has announced the mobilisation of $25 million for the deployment of solar-powered mini-grids in sub-Saharan Africa. The funds are being…
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