AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million
The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
Scatec Solar Bags 360 MW of Solar Power Projects in Tunisia
Scatec Solar, a Norwegian company, has been awarded 360 MW of solar power projects in Tunisia. The company has been awarded the three projects following a tender floated by the ...
Green Climate Fund and AfDB to Provide $154 Million for Renewable Financing in Zambia
The Green Climate Fund (GCF) and the African Development Fund (AfDB) have joined hands to support a $154 million renewable financing framework in the southern African nation of Zambia. Historically, ...
AfDB Approves Multinational Financing Program for 45 MW of Distributed Solar Projects
The Board of Directors of the African Development Bank (AfDB) has approved a multinational financing program for distributed energy service companies (DESCOs). The program will contribute to the installation of an ...
South Africa’s Kingdom of Eswatini Seeks Developers for 40 MW of Solar Projects
The Kingdom of Eswatini in southern Africa has issued a request for qualification (RfQ) for 40 MW of ground-mounted solar projects. The tender has been floated by the Eswatini Energy ...
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector
Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the Sustainable Energy ...
African Development Bank Approves $18 Million Loan for a 50 MW Solar Project in Kenya
The African Development Bank (AfDB) has approved a senior loan of $18.17 million for the development of 50 MW Kopere solar power project in Nandi County, Kenya. The project also ...
African Development Bank Approves $220 Million Loan for a Solar Project in South Africa
The African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion (~$220.3 million) to the 100 MW Redstone concentrated solar power project. The project is located in the ...
AfDB, NDF and Partners Launch Off-Grid Energy Access Fund with $58 Million
The African Development Bank (AfDB), the Nordic Development Fund, and other partners have committed $58 million to support the Off-Grid Energy Access Fund (OGEF). The fund is part of AfDB’s ...
Zambia Plans to Develop 100 MW of Solar Projects
Keeping in view the constraints faced by Zambia in the energy sector, and to ensure sustainable and climate-friendly energy sector development, the government of the Republic of Zambia recently launched ...
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire
The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
African Development Bank Approves $1.5 Million Loan for Development of Solar in Nigeria
The African Development Bank (AfDB) has approved a $1.5-million grant from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government’s implementation of Phase 1 of the Jigawa ...
African Development Bank Approves $324 Million Loan for Renewable Energy Projects
The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
