First Independent Mena Newspaper
The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]
It’s official! The renewable energy has reached a capacity of 6,000 MW in Egypt, according to Mohamed el-Khayat, Executive Chairman of the New & Renewable Energy Authority (NREA). The North African nation reached the target, a year before the government deadline to add 20% renewable energy in the country’s electricity mix. Of the 6,000 MW […]
Ethiopia will inject huge investments in renewable energy transmission, Prime Minister Abiy Ahmed said. According to the Premier, China had agreed to invest $1.8 billion to improve electricity on the Ethiopia-Djibouti line, thereby increasing electricity supplies to Ethiopian cities and 16 industrial parks. Beijing made the pledge on the sidelines of the Belt and Road […]
Kenya authorities plan to invest more in solar energy as results from the Garissa solar power plant in eastern Kenya helps to stabilize electricity prices in the Eastern African nation. According to Simon Gicharu, Chairman of the Board of Directors of the rural electrification and renewable energy company (Rerec), the Kenyan government will not rest […]
The ECOWAS Bank for Investment and Development (EBID) and the Private Finance Advisory Network (PFAN) have signed a partnership agreement to promote renewable energy within the Economic Community of West African States (ECOWAS). According to the Lomé-based financial institution, the objective of the partnership is to encourage private investment in renewable energy production in the […]
French investment firm Meridiam has launched a research and training program focused on renewable energy development in Dakar. The training program is managed by the International Centre for Training and Research in solar energy (CIFRES), a unit of the Higher Polytechnic School of Dakar (ESP). About 200 technicians and electricians are expected to receive training […]
The African Development Bank (AfDB) will invest up to $25 million in a private equity fund for renewable energy projects across Sub-Saharan Africa. According to the continental lender, the Board of Directors has approved an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund […]
The Tunisian government has awarded licenses for four onshore wind projects totaling 120 MW under its renewables sector development scheme. The plants, which represent a combined investment of $134 million, will be installed in the governorates of Ben Arous and Bizerte. Local media reported that works on the four selected projects will start between May […]
The capacity of photovoltaic plants installed in the Middle East and North Africa (MENA) region has almost quadrupled in 2018 compared to the previous year. According to Ecofin news agency, 3.6 GW of photovoltaic contracts have been awarded last year against 1 GW in 2017. Some of the plants have been installed and others are […]
Algerian Minister of Interior, Local Authorities and National Planning Noureddine Bedoui on Wednesday said, the government is planning to equip all primary schools in the North African nation with renewable energy in the next three years. Mr. Bedoui made the statement when inaugurating a school powered by solar energy in the province of Relizane, about […]