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Developing countries are finding it more expensive to finance renewables energy projects, as risks in frontier economies are higher
Senegal’s government was due to launch a new licensing round last week, but it has postponed bidding by nearly a month.
Rosatom has confirmed that it is to use its latest nuclear technology to build a 4,800MW nuclear power plant in Egypt.
The African Development Bank will no longer support any coal projects in Africa and has instead committed itself to fighting climate change.
The European Investment Bank (EIB) and FMO, the Dutch development bank, are to provide $106mn of loans to finance the construction and operation of two 40-MW solar photovoltaic (PV) plants in Kenya.
Eskom intends to issue a tender soon for 1.4 GWh of battery storage capacity at up to 18 sites across South Africa.
Rosatom is fostering closer atomic energy ties to Africa as Moscow shows off its new green credentials
Rio Tinto is to work with China’s China Baowu Steel Group and Tsinghua University to find new ways to reduce greenhouse gas (GHG) emission in the steel industry.
The two separate regional cross-border power grids in eastern and southern Africa are set to be joined by 2022, after years of delays
Saudi Arabia’s ACWA Power is to develop 250 MW of solar capacity in Ethiopia after making a record low bid of $0.02526 per kWh
India’s Tata Power has divested its 50% stake in its South African wind IPP Cennergi for $106mn as it sells off non-core assets in a bid to pay down debt.
The UK has created a four-year funding window to improve electricity access in 15 mainly Anglophone countries across Africa
Karpowership’s 235-MW floating power plant Ayşegül Sultan will be able to meet 15% of Senegal’s needs when it comes online in October.
The falling cost of battery storage is making African commercial and industrial off-gird projects more attractive for investors
Mitsui OSK Lines (MOL) and Turkey’s Karadeniz Holding have revealed their final plans to develop a 48-MW floating LNG-to-power project in Mozambique
Tokyo has agreed to raise Japanese private lending to Africa to $1.75bn between 2020 and 2022
Mitsubishi’s investment in BBOXX paves the way for Japan’s deeper engagement with Africa’s power development and the global energy transition
Botswana and Namibia have launched a procurement programme for up to 5,000 MW of utility-scale solar projects with the support of a group of Western DFIs
An LNG regasification and storage plant is set to be built in Equatorial Guinea – the first such project in West Africa – as the country advances its plans to develop gas-to-power infrastructure.
UK Climate Investments (UKCI), London’s green investment bank, is to provide ZAR253mn ($16.4mn) of critical financing to black-owned renewables developer H1 Holdings to build 254 MW of wind and small hydro capacity in South Africa
PowerGen Renewable Energy’s mini-grid merger with Tanzania’s Rafiki Power blazes a trail for innovative project investment in off-grid power
South Africa’s ruling ANC has suggested that the government borrow from the country’s domestic financial markets in a bid to shore up Eskom’s finances.
Softbank’s $100bn Vision Fund has made its first investment in energy storage technology by backing Swiss-based energy storage start-up Energy Vault with $110mn.