Venture capital firm Persistent Energy Capital is raising $10 million to finance climate-friendly projects in Africa. The funds are provided by Japanese investor Kyuden International Corporation.…
The African Development Bank (AfDB) is approving US$ 66.39 million in funding for electricity access in Guinea. The project for which the Guinean transitional government is obtaining funding aims to…
French multinational Schneider Electric, which specialises in digital energy solutions, has signed a partnership with solar energy provider SolarX. The alliance aims to integrate technology solutions…
UK investment company Actis has confirmed the sale of Lekela Power. The renewable energy producer is a joint venture established in 2015 with Mainstream Renewable Power to develop a portfolio of…
US-based Acumen is launching a new initiative to support the productive use of energy in India and Africa. The programme is backed by $25 million in funding from several foundations active in Africa…
In Kenya, the energy company Kenya Electricity Generating Company (KenGen) has announced the commissioning of unit 6 of the Olkaria I geothermal power plant in the Rift Valley. The new facility…
The state-owned company Côte d'Ivoire Energies (CI-Energies) has renewed its contract with the French group Aera. The carbon credit trader has been monetising the carbon credits of the Soubré…
The World Bank is releasing $250 million in financing for Benin. The funds will support investments in new drinking water supply infrastructure that can serve 3 million people in rural areas.
The…
The Beyond the Grid Fund for Africa (BGFA) has signed financing agreements with several companies to electrify at least 580,000 households and small businesses. This new round of financing benefits…
The African Development Bank (AfDB) has signed an agreement with the Tanzanian government for a $125.2 million loan. The funding is intended to reduce water shortages in the Dodoma region of Tanzania…
The South African subsidiary of independent power producer (IPP) Enel Green Power is putting its Karusa wind farm in the Western Cape into commercial operation. The facility under construction since…
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…
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