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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

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

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: 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

Africa “Silent” as Global Oil and Gas investments Expand to Hit $628 billion – Rystad Energy

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by … Read More

EGYPT:Siemens Gamesa Delivers 250 MW of Energy at the West Bakr Wind farm

Erection and commissioning of 96 SG 2.6-114 wind turbines in less than 10 months; Long term maintenance provided through a 15-year service agreement; Generation of 1,000 GWh per year increasing … Read More

SOUTH AFRICA: UK Climate Investments & Norfund Invest in Joint Venture to Develop Renewable Assets

UKCI and Norfund are funding a South African joint venture partnership between H1 Holdings and Pele Green Energy to develop renewable energy assets on a 50/50 basis. Today, Macquarie-managed UK … Read More

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