The oft-heard industry call for more supportive policy for renewables, this time in Africa, has prompted the European Commission to pledge to work with its continental counterpart on improving the clean energy regulatory environment.
Saudi power company ACWA Power today revealed it has signed a 25-year power purchase agreement with the Egyptian Electricity Transmission Company and said development was on track for generation to start before October next year.
A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.
The development lender has established a Covid-19 Off-Grid Recovery Platform with impact investors from the Netherlands, U.S. and U.K., to offer affordable loans to off-grid solar companies operating in Africa.
The 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization.
The planned power plant marks the first phase of a 60 MW scheme 30km north of the capital, N’Djamena. The overall project is being developed by UK-based Private Infrastructure Development Group and French company Smart Energies International.
Solar support is on the way for businesses and communities struggling to cope as the coronavirus outbreak ripples across the continent.
Chinese business Sinohydro has secured the contract for a 20 MW solar plant in Gardete, near the city of Bissau. The tender for the project was launched a year ago.
The African Development Bank has agreed to invest $200 million to improve electricity access in Nigeria by building minigrids throughout the country.
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