Category: Alternative & Renewable Energy
Senegal’s emblematic 130 MW Malicounda power project now fully operational
The Malicounda power plant comprises seven 18V50 engines and a steam turbine, combining the advantages of a simple-cycle operation with the high efficiency of a combined cycle plant.
EDFI ElectriFI lends $4.5m to Okra Solar to deploy cutting-edge distributed solar networks in Nigeria
The company is now focusing on the highly strategic Nigerian market. The ambition is to deploy multiple pilot projects and energize more than 30 000+ households in Nigeria in the next 2 to three years.
AMEA Power completes US$1.1 billion deal to deploy 1GW of wind and solar energy in Egypt
The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.
AMEA Power signs agreement with the Government of Egypt to deploy 1,000MW Green Hydrogen Project
Announced on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, the project will support the long term vision of Egypt to become a hub for green hydrogen production.
AfDB approves $20m for renewable energy in Nigeria
The $20 million cash in Evolution Fund III is a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across the continent over a 10-year period and is expected to contribute to an additional 2,162 megawatt (Mw) of installed renewable power generation capacity.
InfraCredit opens domestic investments to support clean energy
The financing arrangement is an initial transaction under InfraCredit’s Clean Energy Funding Programme.
Africa’s first green hydrogen plant begins trial operations in Egypt
The project partners—which also include green energy firm Scatec, construction firm Orascom and Egypt’s sovereign wealth fund—are testing the electrolyser ahead of an expected FID in 2023.
World Bank to electrify Sub-Saharan Africa with Distributed Renewable Energy
The World Bank with the Multilateral Investment Guarantee Agency (MIGA), the International Finance Corporation (IFC), and other development agencies will promote private investment in distributed renewable energy (DRE) systems to electrify targeted areas quickly and efficiently.
Nigerian Breweries signs $10 million solar deal with CrossBoundary Energy
“We are delighted to be a pioneer in the adoption of solar energy in Nigeria. These additional solar plants will provide a significant portion of our electricity needs and put us well on our way to carbon neutrality.”
Maximising the share of renewables in the power mix is the “soundest, cheapest and cleanest power strategy available to Mozambique”, finds Wärtsilä report
To meet the projected 1.3 GW of electricity peak demand increase by 2032, Mozambique must build significant new power capacity.