AfDB Invests $20 Million in Fund for RE Expansion in Sub-Sahara

African Development Bank (AFDB) has held in a key announcement that the Board of Directors of the AfDB Group has approved an equity investment of $20 million in Evolution Fund III. It is a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across […]

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AfDB, MASEN and RES4africa to impart solar training for Sahel Countries

North Africa is the receiver of the  highest irradiance on the planet and there is an increased focus on pushing more solar projects in the region. For the same, the African Development Bank (AfDB), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022. The official statement by […]

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Mozambique Takes First Step Towards Large Solar With 44 MW Floating Solar Plan

Mozambique, the 32 million strong South East African country is making its first bid for a floating solar plant. State-owned power company Electricidade de Mocambique (EDM) is seeking a consultancy that will conduct a feasibility study to assess the potential and implications of setting up a floating solar farm at a hydro power reservoir in […]

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DR Congo Goes With Solar Off Grid To Power 3 Northern Cities

Africa’s second largest country, and one of its poorest, the Democratic Republic of Congo (not to be confused with the neighboring Republic of Congo) has finally placed a big bet on renewable energy. The government there has finally gone for a $100 million investment off grid hybrid solar projects that will provide power to three cities […]

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AfDB Funds $530 Mn Transmission Line in Angola to Boost Renewable Distribution

AfDB to finance transmission line that will connect the north and south grids in Angola and allow for the distribution of clean energy The African Development Bank (AfDB) has committed USD 530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids […]

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IRENA and AfDB to Scale up Renewable Investments in Africa

IRENA and AfDB have agreed to work together to advance energy transition through initiatives that support renewable investments in Africa The International Renewable Energy Agency (IRENA), and the African Development Bank (AfDB), have agreed to work closely together to advance the energy transition in Africa through joint initiatives that support investments in low-carbon energy projects. […]

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AfDB Offers Assistance for Development of Mini Green Energy Grids in Guinea

AfDB has approved a grant of 830,000 USD to support AGER in the establishment of green mini grids projects in the Republic of Guinea. The African Development Bank (AfDB), through its Sustainable Energy Fund for Africa (SEFA), has approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification (AGER), in […]

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AfDB Okays $21.8 Mn Grant for Solar Irrigation Pumps in Sudan

The African Development Bank (AfDB), a multilateral development finance institution, has approved to provide a grant of USD 21.783 million to the Government of Sudan. Through this grant, AfDB aimed to accelerate the adoption of solar-powered irrigation pumps in the Sudan’s West Kordofan and North Kordofan states. Under this project, farmers will be encouraged to […]

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AfDB and EU to Provide €12 mn for Electrification of Rural Areas in Togo

AfDB, EU and the Togolese government have signed an agreement for 12 million euros to support the CIZO rural electrification program from Togo (PRAVOST).   The African Development Bank (AfDB), the European Union (EU) and the Togolese government have signed an agreement of some 12 million euros as part of the project to support the […]

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