African Development Bank

2020 Could Be Africa’s Arrival As A Solar Market With Size

After a long wait, 2020 could well mark a decisive shift in the energy availability graph for countries in Africa, as multiple approaches and tactics finally make a case for a stronger push. For long, Africa has suffered from the world’s lowest electrification rate. Figures from 2017 state that Its power consumption per capita is […]

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‘Desert to Power Initiative’ to Provide Solar Electricity to Sahel Region

Tapping in the vast solar energy potential of the region, the initiative is slated to provide green electricity including in some of the world’s poorest countries. In a bid to eradicate energy poverty for 250 million people in the Sahel region of Africa, the African Development Bank (AfDB) is spearheading the ‘Desert to Power Initiative’ […]

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AfDB Approves ZAR 3Bn for 100MW Solar Project in SA

The solar power project, which is located in the Humansrus Solar Park, Northern Cape Province of SA, is expected to generate 466 GWh/year. African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Project, which is expected to boost South Africa’s (SA’s) energy mix and hasten transition to renewable energy. […]

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AfDB Group Okays $18.17 Mn for Kopere Solar Project in Kenya

Moreover, the bank is also in the process of securing a USD 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP). The African Development Bank (AfDB) Group has approved a USD 18.17 million senior loan to 40 MWac (50MWp) Kopere Solar Power Project in Kenya. The Kopere project, which falls under Kenya’s Renewable Energy Feed-in-Tariff (FiT) […]

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AfDB Okays $1.5 Mn Grant for Nigeria’s On-Grid IPP Solar Procurement Program

This program will assist the Nigerian government to achieve its national goal of reaching 75 percent electricity access by 2020 and electrifying unserved and underserved areas. The African Development Bank (AfDB) board has approved the USD 1.5 million grant to support the Nigerian Government’s implementation of phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) solar […]

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AFDB Signs Deal With ISA to Propel Solar Development in Africa

African Development Bank and International Solar Alliance will jointly support technical assistance and knowledge transfer for solar development and deployment in sun-shine rich African countries. In a major boost for its Light up and power Africa initiative, the African Development Bank has entered into partnership with the International Solar Alliance (ISA) to scale up solar […]

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African Development Bank Plans to Bring Solar Power to Millions

African Development Bank is investing heavily in ways to help the estimated 640 million Africans who lack access to energy as well as protecting them against climate risks. In a significant development, the African Development Bank is unveiling its plan to help connect 29.3 million people in the continent with electricity by 2020. The bank […]

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