Energy Finance & Investment News in Africa
The African Development Bank (AfDB) is mulling to fund the development of Kenya’s first coal-fired power plant. The bank is awaiting the environmental and social audits before they can release the funds.
The Asian Infrastructure Investment Bank (AIIB) has announced up to US$210 million in debt financing for the development of 11 solar power projects to tap Egypt’s renewable energy potential.
The U.S. Trade and Development Agency (USTDA) has awarded a grant to Access Power, a developer, owner and operator of renewable power projects in emerging markets and its strategic partner EREN Renewable Energy a global independent power producer.
Egypt's New and Renewable Energy Authority (NREA) has launched a tender for the development of a 250MW solar plant in the Gulf of Suez.
The Government of South Africa has announced that Eskom must sign the independent power producer (IPP) power purchase agreements (PPAs) by the end of October.
Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies.
The International Finance Corporation IFC, a member of the World Bank Group. has approved an investment of US$635 million that will help construct, operate and maintain up to 11 solar power plants in Egypt.
The Moroccan Agency for Solar Energy (MASEN) has started the next stage of the tender process for the phase 1 of the 800 MW Noor Midelt solar power complex issuing a Request of Proposals (RFP) to the consortia shorlisted.
The government of Nigeria has issued a request for expressions of interest (EOI) for the operation and maintenance of a hydropower plant located in Kaduna State.
The European Investment Bank (EIB) may provide finance to Gambia’s National Water and Electricity Company for a solar power-plus-storage and grid upgrade project in the country.
The Ministry for Energy, Mines and Renewable energies of Tunisia has launched two deadlines for the tender process involving 210 MW of renewable power generation.
The Moroccan Agency for Solar Energy (MASEN) has announced it has shortlisted five teams for the phase 1 of the 800 MW Noor Midelt solar power complex.
ENGIE and eleQtra, a UK-based developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana.
African Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.
The European Bank for Reconstruction and Development (EBRD) has approved a US$500 million framework to finance renewable energy in Egypt.
IFC, a member of the World Bank Group has announced a landmark financing package of US$55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes US$19 million from IFC’s own account, US$19 million from Climate Investment Funds, and a syndicated loan of up to US$17 million.
The Government of Sierra Leone through the Ministry of Energy has launched a request for expression of interest (RFEOI) for a solar mini-grid operation under a PPP arrangement.
The Republic of Botswana has launched a tender process for the establishment of a Joint Venture with Botswana Power Corporation (BPC) for a 100 MW solar power plant.