AfrElec - Africa Power Monitor

1 March 2023

New French fund to develop $92.5mn solar in Africa

27 February 2023

French fund manager RGREEN INVEST and investment advisor ECHOSYS INVEST have closed their new fund, the AFRIGREEN Debt Impact Fund, raising €87.5mn ($92.5mn), which will be used to finance on-and off-grid solar power plants.

Sungrow offers PV, energy storage solutions to help ease power generation crisis in South Africa

27 February 2023

South Africa is rich in renewable energy resources owing to its abundant sunshine, strong winds and wave energy. However, Africa’s most advanced economy has been experiencing its worst energy crisis in years.

Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion

22 February 2023

According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.