Category: News Middle East and Africa

Winch Energy procures $16 million to set up mini-grids in Uganda and Sierra Leone

Winch Energy procures $16 million to set up mini-grids in Uganda and Sierra Leone

February 16, 2021 | , ,

Winch Energy, an off-grid energy developer and technology integrator, has adopted a dedicated mechanism for financing its mini green grid projects in Africa. Through this platform, $16 million has already been mobilised towards setting up 49 mini-grids in Uganda and Sierra Leone. The mini grids will be built with Winch Energy’s own proprietary technology, the Remote Power Unit, and will be operational within the next 12 months.

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DFC and Shell Foundation partner to improve renewable energy uptake in low-income communities in Africa and Asia

DFC and Shell Foundation partner to improve renewable energy uptake in low-income communities in Africa and Asia

February 12, 2021 | , , ,

The U.S. International Development Finance Corporation (DFC) and Shell Foundation (the UK-registered charity) have announced a new collaboration that will promote renewable energy uptake in low-income areas of Africa and Asia. The collaboration aims to improve gender inclusion and to bring affordable renewable energy to more than 5 million people in these regions.

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IRENA and SACREEE sign MoU to accelerate renewable energy deployment in Southern Africa

IRENA and SACREEE sign MoU to accelerate renewable energy deployment in Southern Africa

February 9, 2021 | , ,

The International Renewable Energy Agency (IRENA) and the Southern African Development Community’s Centre for Renewable Energy and Energy Efficiency (SACREEE) have signed a memorandum of understanding to collaborate on increasing the deployment renewable energy projects with a special focus on decentralised technologies across countries in Southern Africa. The two parties will also combine to catalyse policy development, capacity building programmes and regional events to attract investments in the area.

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EIB provides EUR 38.5 million to Burkina Faso for solar power deployment and flood protection

EIB provides EUR 38.5 million to Burkina Faso for solar power deployment and flood protection

February 4, 2021 | , ,

The European Investment Bank (EIB) has announced EUR 38.5 million of new financial and technical support to Burkina Faso for promoting solar power development. The funding will also be used to protect its capital city Ouagadougou from future flooding. Through this financing, EIB aims to improve energy access in the country and address the risks caused by extreme weather.

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Kenya floats tender to develop upto 10 MW of captive solar projects

Kenya floats tender to develop upto 10 MW of captive solar projects

February 3, 2021 | , ,

The Kenya Power and Lighting Company have issued an expression of interest from companies to finance, develop, and operate captive solar projects. These solar projects can range between 500kW and 10MW on a lease basis for its commercial and industrial (C&I) consumers. Shortlisted bidders will be issued a detailed Request of Proposal by Kenya Power, which would be selected on the basis of their technical and financial capabilities.Selected bidders also have to operate the project for 20 years. February 10, 2021, is the last date for submission of bids

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Masdar City plans to launch pilot green hydrogen project

Masdar City plans to launch pilot green hydrogen project

January 29, 2021 | , ,

Masdar City has announced that it is developing a pilot green hydrogen project in collaboration with the Abu Dhabi Department of Energy, Etihad Airways, Khalifa University of Science and Technology, Siemens Energy, Marubeni, and the Lufthansa Group. The eloctrolyser used in the project will be solar-powered and will be constructed in Masdar, Abu Dhabi. The project will aim at producing green hydrogen and sustainable fuels for road transport, aviation, and shipping.

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Clir Renewables to enhance performance of Africa’s largest wind farm

Clir Renewables to enhance performance of Africa’s largest wind farm

January 21, 2021 | , ,

Clir Renewables has been selected to enhance the performance of Kenya’s Lake Turkana Wind Farm. The company will analyse data from each of the wind farm’s 365 turbines using parameters of available resource, geospatial features, and nearby turbines. Further, machine learning data analytics will be used to pick out instances of underperformance and their underlying causes.

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Enel and Qatar Investment Authority partner for renewable energy development in Sub-Saharan Africa

Enel and Qatar Investment Authority partner for renewable energy development in Sub-Saharan Africa

January 13, 2021 | ,

Enel Green Power (EGP) signed an agreement to form a joint venture with a subsidiary of Qatar Investment Authority (QIA) aimed at financing, building and operating renewable projects in Sub-Saharan Africa. As part of this agreement QIA will also acquire 50 per cent of EGP’s stake in approximately 800 MW of projects in South Africa and Zambia under the first phase.

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Daystar raises $38 million to expand footprint in West Africa

Daystar raises $38 million to expand footprint in West Africa

January 12, 2021 | , ,

Nigeran off-grid solar company, Daystar Power has closed a $38-million Series B financing round led by Denmark’s Investment Fund for Developing Countries. In addition to the Danish Impact Investor, the deal was supported by French impact infrastructure fund STOA, development finance institution Proparco and Morgan Stanley Investment Management. Daystar Power has now raised a total $48 million includind funds raised in the previous round.

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