The African Development Bank (AfDB) has approved a senior loan of ZAR3bn ($221m) to the 100MW Redstone Concentrated Solar Power (CSP) Project, which is expected to improve South Africa’s energy mix and accelerate the transition to renewable energy. The solar power project, located in the Humansrus Solar Park, Northern Cape Province of South Africa, is … Continue reading AfDB approves $221m loan for 100 MW Redstone Concentrated Solar Power project in South Africa
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Wind energy in South Africa: Eskom’s Sere wind farm financed by the AfDB and CIF
The Sere Wind Farm from Eskom, the South African electricity public utility, recently achieved its full commercial operational capacity of a 100 MW . The achievement of this milestone in the Western Cape of South Africa is in line with the commitments made by Eskom in terms of both time and cost. The African Development … Continue reading Wind energy in South Africa: Eskom’s Sere wind farm financed by the AfDB and CIF
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AfDB may offer $400m to Egypt wind power project
The African Development Bank Group (AfDB) is considering providing $400 million for the development of a wind power project in Egypt. The project which will have a public-private partnership requires a total investment of $1.5 billion, according to the Amwal Al Ghad magazine report. The wind farm backing will represent a portion of AfDB’s planned … Continue reading AfDB may offer $400m to Egypt wind power project
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Germany provides $800 million loan for Moroccan Concentrated Solar Power (CSP)
The German government has provided a €654 million ($800 million) loan for two concentrated solar power (CSP) parks under construction in Morocco’s Ouarzazate region that will have a combined capacity of 350 MW. The Noor Concentrated Solar Power (CSP) complex in Ouarzazate will employ three different technologies: parabolic trough, solar tower and photovoltaics. The German … Continue reading Germany provides $800 million loan for Moroccan Concentrated Solar Power (CSP)
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AfDB promotes renewable energy investment in Swaziland
The African Development Bank (AfDB) will issue a grant of US $990,000 to finance three studies under an energy sector support programme in Swaziland. The objective of the programme is to provide technical assistance to Swaziland aimed at promoting investment in the electricity supply industry to expand reliable energy supplies and enhance the country’s electricity … Continue reading AfDB promotes renewable energy investment in Swaziland
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World Bank to loan USD 660 million to support CSP in the MENA region
Through the plan, the African Development Bank (AfDB, Tunis, Tunisia) and World Bank will support CSP plants in Algeria, Egypt, Jordan, Libya, Morocco and Tunisia. The US $7.6 billion Climate Investment Funds (CIF) gave the go-ahead on Friday, May 3, to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of … Continue reading World Bank to loan USD 660 million to support CSP in the MENA region
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Plans for 1.1GW of Concentrating Solar Power in MENA approved
The governing body of the Climate Investment Funds (CIF) has approved a modified plan that will see Algeria, Egypt, Jordan, Libya, Morocco and Tunisia install over 1.1GW of concentrated solar power (CSP) capacity in the region. The US $7.6 billion Climate Investment Funds (CIF) gave the go-ahead on Friday, May 3, to Algeria, Egypt, Jordan, … Continue reading Plans for 1.1GW of Concentrating Solar Power in MENA approved
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Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
The US $7.6 billion Climate Investment Funds (CIF) gave the go-ahead on Friday, May 3, to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan to create an unprecedented 1,120 megawatts (MW) of energy from Concentrated Solar Power (CSP) for the region. The plan will receive US … Continue reading Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
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AfDB Facilitates the Approval of a
The Board of Directors of the African Development Bank (AfDB) approved €115 million in financing for a wind power project in Kenya’s Lake Turkana region. The project will add 300MW to power generation capacity and will benefit Kenya by providing clean and affordable energy that will reduce the overall energy cost to end consumers. Furthermore, … Continue reading AfDB Facilitates the Approval of a
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AfDB Supports Gabon Renewable Energy Sector
The Board of Directors of the African Development Bank (AfDB) Group, through its private sector window, approved on 18 July 2012 in Tunis, a senior loan of Euros57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The project consists of … Continue reading AfDB Supports Gabon Renewable Energy Sector
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