Accelerating Nigeria’s 30-30-30 Vision with Flexible Gas-to-power Generation Will Reduce Dependence on Expensive Diesel & Generate Significant Cost Savings

Speaking at the Smart Energy Forum in Lagos and Abuja in the presence of Nigeria’s top energy decision-makers, senior energy experts from Wärtsilä presented the latest results of an in-depth … Read More

OPINION: Africa Can Adopt Renewable Energy on a Massive Scale and Save Billions Along the Way

By Kenneth Engblom, Wärtsilä’s VP Energy for Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing … 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

AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … 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: Magnora Acquires Project Rights of more than 1700 MW Wind and Solar PV projects

Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More

Kibo Energy inks 10-Year Clean Energy Power Purchase Agreement on Waste to Energy Project

Kibo Energy has announced that it has entered into a 10-year take-or-pay conditional Power Purchase Agreement (`PPA’) to generate baseload electricity from a 2.7 MW plastic-to-syngas power plant. The plant … Read More

GHANA: AfDB Extends $27.39M Grant to support development of Mini Grid and Solar PV net metering

The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net … Read More