The Board of Directors of the African Development Bank has approved a loan of $54 million for a 120 MW onshore wind farm that will help position Mozambique as a regional energy hub. The Bank’s loan, which includes $12 million from the Sustainable Energy Fund for Africa (SEFA), is in addition to financing expected from … Continue reading African Development Bank approves $54 million loan for Mozambique’s first wind energy project
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Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity
The African Development Bank (www.AfDB.org) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has a surplus of more than … Continue reading Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity
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IRENA and African Development Bank Partner to Scale up Renewables Investments in Africa
“The Bank’s partnership with IRENA will support Africa’s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030.” – Bank VP Kevin Kariuki “This agreement represents the type of coordinated international cooperation that is the cornerstone of the realisation of sustainable development in Africa and … Continue reading IRENA and African Development Bank Partner to Scale up Renewables Investments in Africa
Continue readingAfrican Development Bank takes the continent’s climate agenda to COP25 in Spain
The Bank is playing a leading role in guiding progress on climate change on the continent. The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025. The African Development Bank (http://www.AfDB.org) will on Monday kick off a campaign to plead the continent’s case at the world’s leading climate change … Continue reading African Development Bank takes the continent’s climate agenda to COP25 in Spain
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AfDB approves $221m loan for 100 MW Redstone Concentrated Solar Power project in South Africa
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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Tanzania’s untapped renewable energy resources ripe for investment
The African Development Bank, in partnership with the Climate Investment Funds (CIF) and the Government of Tanzania, on Thursday, June 18 launched the Renewable Energy in Africa: Tanzania Country Profile. The publication highlights the country’s inroads in renewable energy as well as opportunities for scaling-up the energy sector. Over the past decade, in an effort … Continue reading Tanzania’s untapped renewable energy resources ripe for investment
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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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First Concentrated Solar Power (CSP) plant in Africa awarded by the African Development Bank
With 160 hectares and located 81 km south of Oujda and about 30 km from the Algerian border, Ain Beni Mathar was opened on May 12, 2010 as the first concentrated solar thermal plant in Africa. Abengoa has been awarded the third prize for excellence awarded by the African Development Bank for the combined … Continue reading First Concentrated Solar Power (CSP) plant in Africa awarded by the African Development Bank
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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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57 Percent of West Africans Lack Access to Electricity
The African Development Bank (AfDB) has said that more than 57 per cent of the people in West Africa are without access to electricity. The bank stated this in its “West Africa Monitor Quarterly”, for the second quarter of 2014 report. It said that the percentage approximated the average for sub-Saharan Africa,” but extremely low … Continue reading 57 Percent of West Africans Lack Access to Electricity
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Lake Turkana Wind Power Project in northern Kenya
African Development Bank President Donald Kaberuka and Elizabeth Littlefield, president and CEO of the U.S. Overseas Private Investment Corp., signed on Friday a letter of intent to finance the 310-megawatt Lake Turkana Wind Power Project in northern Kenya. Investors hope the project will help address a power supply shortfall in the country, which experiences frequent outages … Continue reading Lake Turkana Wind Power Project in northern Kenya
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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
Continue readingAfDB 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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