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EIB, Dutch lend to Kenyan utility solar
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 to issue 1.4-GWh battery tender
Eskom intends to issue a tender soon for 1.4 GWh of battery storage capacity at up to 18 sites across South Africa.
Russia renews nuclear offensive in Africa
Rosatom is fostering closer atomic energy ties to Africa as Moscow shows off its new green credentials
Rio Tinto to cut emissions in steel industry
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.
Eastern and southern African grids to be connected by 2022
The two separate regional cross-border power grids in eastern and southern Africa are set to be joined by 2022, after years of delays
ACWA makes record Ethiopian solar bid
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
TPI urges fossil fuel industry to face up to climate change
Tata sells off African wind interests
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.
UK drives forward solar power across Africa
The UK has created a four-year funding window to improve electricity access in 15 mainly Anglophone countries across Africa
Karpowership aims to provide 15% of Senegal’s power
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.
Gneiss Energy focuses solar hybrid to push forward the Energy Transition in Africa
The falling cost of battery storage is making African commercial and industrial off-gird projects more attractive for investors
MOL, Karpowership agree final details for floating 48-MW LNG-to-power project
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
Japan commits to raising private lending to Africa
Tokyo has agreed to raise Japanese private lending to Africa to $1.75bn between 2020 and 2022
Africa’s pay-as-you-go potential whets Japanese investment appetite
Mitsubishi’s investment in BBOXX paves the way for Japan’s deeper engagement with Africa’s power development and the global energy transition
Botswana, Namibia target 5,000 MW of solar
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
First West African LNG regas plant to be built in Equatorial Guinea
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 green bank to support 254 MW of clean capacity in SA
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
African Mini-grid pioneers agree on merger
PowerGen Renewable Energy’s mini-grid merger with Tanzania’s Rafiki Power blazes a trail for innovative project investment in off-grid power
Eskom begins search for cash
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.
Japan’s SoftBank invests $110 in energy storage
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.
India, China argue over climate change costs
India and China are leading a call by the world’s largest emerging economies for established industrialised countries to carry the costs of fighting climate change
Botswana marks private coal first
Minergy’s Masama mine in Botswana has produced its first saleable coal for export to South Africa and Namibia
Eskom sizes up its debts
Eskom’s chief restructuring officer is to take weeks not months to decide if the government can offer a $16.4bn bailout
Gas flexibility coming to Ghana
Gas can now be moved both ways on a section of the WAGP in Ghana, allowing increased use of its domestic gas resources
Nigeria boosts rural power access
Nigeria has opened a 2.8-MW solar hybrid power project at the Alex Ekwueme Federal University as part of the government’s rural electrification drive
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