Magnora ASA Accelerates Growth with a Project Portfolio Pipeline of net 1 GW Potential Solar PV & Onshore Wind

Renewable energy development company Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. … Read More

MOROCCO: Africa’s first Super Energy Service Company Gets $965,000 Grant

The African Development Bank’s Sustainable Energy Fund for Africa (SEFA)  is providing a $965,000 grant to Morocco’s Société d’Ingénierie Energétique (SIE), to support its transition into the first Super Energy … Read More

DJIBOUTI: KenGen Clinches Multi-well Geothermal drilling Programme Contract

Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company today signed a Ksh 709,822, 630 (USD 6,452,933) contract … Read More

$100M XPRIZE for Carbon Removal Funded by Elon Musk to Fight Climate Change

XPRIZE, the world’s leader in designing and launching incentive competitions to solve humanity’s grand challenges, today announced the $100M XPRIZE Carbon Removal sponsored by Elon Musk and the Musk Foundation. … Read More

Energy Transformation in Southern Africa Boosted by New IRENA Agreement with SACREEE

The International Renewable Energy Agency (IRENA) and the Southern African Development Community’s (SADC) Centre for Renewable Energy and Energy Efficiency (SACREEE) signed a Memorandum of Understanding (MoU), to work together … Read More

ETHIOPIA: Siemens Gamesa Inks First Wind Farm Project in Assela

Siemens Gamesa has signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP),strengthening its leadership in Africa as the country begins to expand its … Read More

African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) Technical Assistance to Transform Mini-grid Investment in Africa

The  African Development Bank have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the … Read More

CrossBoundary Energy Raises $40M to Scale Financed Solar for Businesses in Africa

CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More

CGG Delivers Global Geothermal Resource Study to Support Client’s Energy Transition Strategy

CGG has announced that its Geothermal Science group has delivered a global geothermal resource study to a major energy company. The study evaluates the scale of the potential for geothermal … Read More