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Renewables supplied only a third of Africa’s electricity demand growth

An analysis of global electricity revealed that wind and solar showed resilient growth in 2020 despite the pandemic, forcing a record fall in global coal power. The Global Electricity Review … Read More

Energy Storage to Enable the Continued Growth of Renewables in Kenya

By Michael Ball, Project Development Manager for Africa and Europe, Wärtsilä According to the government’s power development plans, the next decade will see many new solar PV and wind power … Read More

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

$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

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

SOUTH AFRICA: Sasol Invites Bidders for the Development Solar Photo-Voltaic (Pv) Facilities

Sasol is inviting interested Bidders to participate in a Request for Proposals (RFPs) process for the development of two embedded 10MW Solar Photo-Voltaic (PV) facilities at its South African operations … Read More

German Capital, Technology to Increase in Africa’s Energy Sector

This week, the Germany-Africa Business Forum (GABF) is organizing an exclusive webinar to encourage new deals between German and African public and private energy stakeholders. This is an extremely timely … Read More

UGANDA: 1.4 million to access reliable and affordable energy under new EIB – ENGIE initiative

Scaling up off-grid solar power model for transforming rural energy access across Africa; EIB financing to overcome barriers to 80% of Ugandans without access to electricity; Local currency financing to … Read More

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