Green Climate Fund and AfDB to Provide $154 Million for Renewable Financing in Zambia

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, ...
/ / Finance and M&A, Other
AfDB Approves Multinational Financing Program for 45 MW of Distributed Solar Projects

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 ...
/ / Off-grid, Solar
South Africa’s Kingdom of Eswatini Seeks Developers for 40 MW of Solar Projects

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 ...
/ / Solar, Utility Scale
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

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 ...
Solar Developers Win Four Project Commissioning Delay Cases in Telangana

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 ...
/ / Finance and M&A, Solar
Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

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 ...
/ / Markets & Policy, Solar
AfDB, NDF and Partners Launch Off-Grid Energy Access Fund with $58 Million

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 ...
/ / Markets & Policy, Solar
Zambia Plans to Develop 100 MW of Solar Projects

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 ...
/ / Markets & Policy, Solar
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d'Ivoire

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 ...
/ / Finance and M&A, Solar
The grant will assist the government to achieve its national goals of reaching 75 percent electricity access by 2020

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 Loan for Renewable Energy Projects

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 ...
/ / Finance and M&A, Solar