Mini grids grant could drive 80 MW of new capacity in Africa
A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.
World Bank lends $200m for South African renewables
The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.
Senegal launches tender for 133 mini PV plants
The Senegalese Rural Electrification Agency (ASER) is seeking bids for the construction of 133 mini solar power plants across 177 rural villages.
Solarcentury to install 11.2 MW of solar, 8.5 MW battery at Mozambique mine
Australia’s Syrah Resources has signed a deal with Solarcentury to install 11.2 MW of solar and an 8.5 MW battery storage system at a mine in Mozambique.
Total to build 35 MW solar plant in Angola
The French company will work with Angolan developer Greentech. According to Total, the solar project is in line with Angola’s plan to encourage foreign investment and promote renewable energy sources, with the goal of reaching an installed capacity of 800 MW in the country by 2025.
Somali solar providers can apply for grants from $8.5m pot
Solar distributors and service providers and microfinance businesses which are rolling out PV systems in Somalia and the self-declared Republic of Somalil and have been offered access to grants from development donors.
Crossboundary offers up its mini grids business model for African peers to benefit
The Kenyan financial services business has been developing rural mini grids across Africa and has announced plans to show its rivals how such networks can thrive, in a bid to accelerate access to electricity on the continent.
Tanzania buys solar power from small independent power producers
Three solar plants totaling 15.4 MW will sell power to Tanesco under a PPA. The projects are being developed under new rules enabling independent power producers to participate in the country’s energy market.
First unit of 250 MW floating PV project comes online in Ghana
The first 5 MW portion of the large floating power plant was connected to the transmission system of a 404 MW hydropower dam on the Black Volta River.
African Development Bank opens $50-60m pot for off-grid solar Covid recovery
The development lender has established a Covid-19 Off-Grid Recovery Platform with impact investors from the Netherlands, U.S. and U.K., to offer affordable loans to off-grid solar companies operating in Africa.
