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A clean future for Africa’s energy

Africa’s rapid economic expansion creates a daunting energy challenge, combined with rising expectations of improved resilience and sustainability. Finding a sustainable way to meet growing energy needs is one of … Read More

KENYA: KenGen Completes Construction of Olkaria I Unit 6 Geothermal Power Plant

Kenya Electricity Generating Company (KenGen) has completed the construction of the 83MW Olkaria I, Additional Unit (AU) 6 Geothermal Power Plant, setting in motion activities to add it to the … Read More

OPINION: Africa Can Adopt Renewable Energy on a Massive Scale and Save Billions Along the Way

By Kenneth Engblom, Wärtsilä’s VP Energy for Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing … Read More

ANGOLA: Eni & BP Finalise Agreement to Create New Independent Joint Venture

BP and Eni confirmed today that they have signed an agreement to form a new 50/50 independent company, Azule Energy, a BP and Eni company, through the combination of the … Read More

AfricaGoGreen Fund receives over $30M investments from the AfDB, the SEFA, and the Nordic Development Fund

The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to … Read More

GHANA: Meinergy,Huawei Sign Agreement on a 1 GW and 500 MWh Project to Facilitate Green Development

Huawei Digital Power Technologies signed a strategic cooperation agreement with Meinergy Technology, the leading PV developer in West Africa. Under the agreement, Huawei Digital Power will provide a complete smart … Read More

AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … Read More

SOUTH AFRICA: Redstone Concentrated Solar Power (CSP) Achieves First Debt Draw Down

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More

SOUTH AFRICA: Magnora Acquires Project Rights of more than 1700 MW Wind and Solar PV projects

Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More

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