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Emerging Africa Infrastructure Fund

European funds back 40MW Kenyan solar field

The $87 million Kesses solar project, in Kenya’s Rift Valley town of Eldoret, is set for completion by Spanish developer Alten this year.

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Financial close for Mozambique’s first solar-plus-storage project

Anglo-Norwegian public funding body Globeleq has said the 19 MWp/2MW-7 MWh Cuamba project will be supplying electricity during the second half of next year.

Chad’s first solar-plus-storage project secures funding

The development entity driving the first stage of a planned 60 MW solar plant has announced a doubling in the amount of borrowing secured for a project which was supposed to be operational in 2018.

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Can $100 billion in green finance be raised annually to help emerging economies fight climate change?

Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private Infrastructure Development Group (PIDG), the event is likely to bring considerable global focus on what it does and how it does it. In the following Op-ed Martijn Proos from Ninety One, the EAIF’s managers, discusses the role of EAIF and how it is helping to fund new renewable energy capacity across Africa.

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UK and Norwegian governments back solar-plus-storage in Mozambique

A solar array planned in the Tetereane district of Cuamba has been described by its developer as the nation’s first independent power project to feature utility scale storage.

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Development lender announces 30 MW Burkina Faso solar project

The monocrystalline facility, planned near the town of Pâ by Swiss-owned developer Urbasolar following a tender, will help the government towards its target of reaching 200 MW of solar capacity this year.

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