Ghana Signs Grant with AFDB, Switzerland, to Support Development of Mini-grids & Solar PV Net Metering

The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar … Read More

AfricaGoGreen Fund receives over $30M investments from the AfDB, the SEFA, and the Nordic Development Fund

The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to … Read More

SOUTH AFRICA: Redstone Concentrated Solar Power (CSP) Achieves First Debt Draw Down

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More

SOUTH AFRICA: UK Climate Investments & Norfund Invest in Joint Venture to Develop Renewable Assets

UKCI and Norfund are funding a South African joint venture partnership between H1 Holdings and Pele Green Energy to develop renewable energy assets on a 50/50 basis. Today, Macquarie-managed UK … Read More

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) Technical Assistance to Transform Mini-grid Investment in Africa

The  African Development Bank have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the … Read More

Are African Development Bank (AfDB)’s financing policies climate-friendly?

(By Wangeci Migwi, Amy Giliam and Nicole Rodel) With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan … Read More

African Lives Matter, Too; Energy Policy Decisions Should Consider Their Needs

By NJ Ayuk As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for … Read More

CEOs of World’s largest Oil and gas companies jointly declare action on climate change

The chief executive officers of 10 of the world’s largest oil and gas companies – which together provide almost a fifth of all oil and gas production and supply nearly … Read More