The Lab launches seven financial instruments to support climate action in Africa
These financing mechanisms aim to unlock $1 billion through insurance, guarantees, credit assessment and other financial tools.
Year: 2022
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Duke Energy outlines progress on clean energy transition
“Our customers’ expectations are clear – they want affordability and reliability to remain a central focus as we work to achieve net-zero carbon emissions by 2050,” said Lynn Good, Duke Energy chair, president and CEO
Husk Power commissions six hybrid solar mini-grids in Nasarawa State
Husk Power’s portfolio is growing in Nigeria. The Colorado, USA-based renewable energy provider is commissioning six new hybrid solar mini-grids of 50 kWp each. The installations serve six rural communities in Nasarawa State.
CBEA earmarks $60 million for the deployment of Engie’s solar mini-grids in Nigeria
CrossBoundary Energy Access (CBEA) and Engie Energy Access are joining hands for electrification in Nigeria. The two companies are committed to developing a portfolio of grid-equipped solar mini-power plants for the electrification of rural communities. Engie plans to deploy mini-grids to power 150,000 people.
REA launches Africa Minigrids Program to expand energy access across Nigeria through increased financial viability and scaled-up commercial investment
The programme aims to support access to clean energy by increasing the financial viability, and promoting scaled up commercial investment, in renewable energy mini-grids, with a focus on cost-reduction levers and innovative business models.
Mini-grids supported by Universal Energy Facility deliver first electricity connections in Madagascar
This is an important milestone in the history of the Universal Energy Facility,” said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
Solar mini-grids could electrify a billion people by 2030 —World Bank
The World Bank has been scaling up its support to mini-grids as part of helping countries develop comprehensive electrification programs.
Fourth annual Locations Africa Conference holds October 5
The various panels during the conference includes speaker from our partners South African Tourism, the Gauteng Film Commission, KwaZulu-Natal Film Commission, African Film Commissions Network, and WESGRO, Mpumlanga Tourism and Parks Agency, the private sector, film practitioners among others from the continent and the rest of the world.
Shell acquires first Africa-based clean energy company, Daystar Power
Shell will acquire Daystar Power, subject to regulatory approvals, to deliver carbon emission reductions and power cost savings to C&I businesses across Africa
GE Renewable Energy awarded contract for maintenance of Belo Monte hydropower plants
GE Renewable Energy is committed to providing and maintaining an installed base of renewable resources, including hydropower, which accounts for more than 60% of the electric grid in Brazil. Working with its customers, GE Renewable Energy is helping to reduce the cost of renewable energy and increase its competitiveness, while accelerating the energy transition worldwide.