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Sustainable Energy Fund for Africa

African utility secures cash for floating solar studies

Electricidade de Moçambique (EDM) will obtain $2.5 million from the African Development Bank (AfDB) to fund studies into floating solar and battery systems.

Equity investment to back 150 MW of commercial solar in Africa

Norwegian developer Empower New Energy has secured $74 million of mostly public funds from investors and will top it up to build a $100 million, three-year cash pile.

AfDB announces cheap loans to back off-grid solar in Africa

The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.

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Mini grids grant could drive 80 MW of new capacity in Africa

A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.

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African Development Bank opens $50-60m pot for off-grid solar Covid recovery

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.

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Solar in Burundi – just add water

The African Development Bank is seeking consultants to explore how two hydropower projects and an associated grid planned in Burundi can incorporate solar power. The addition of photovoltaics is intended to reduce the country’s dependency on hydro, level out generation during dry and wet seasons and mitigate the effect of droughts.

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South Sudan to embrace renewables

The South Sudan Electricity Corporation is seeking consultants to define the nation’s Renewable Energy Development Program and its related tender mechanism. The plan could put the world’s youngest country – which is in the grip of a long, brutal civil war – on a path to sustainability.

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