Masdar Targets 5 GW of Renewables in Three African Countries

UAE flagship renewable energy company Masdar has revealed that it has signed agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5 GW. Deals were done under ‘Etihad 7’ initiative, a UAE-led initiative that aims […]

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UAE to Invest $2 Billion in Solar Power in Zambia

In a bid to step-up the renewable energy expansion in the resource-scare continent of Africa, UAE has signed a key agreement with Zambia to provide $2 billion for the development of solar power plants. The said investment is expected to increase the power generation base the southern African country by more than half. Zambia President […]

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Enel Brings Online its First Solar Facility in Zambia

Upon completion, the facility is expected to produce around 70 GWh of electricity every year, while avoiding the annual emission of over 25,600 tons of CO2 into the atmosphere. Enel Green Power, the Enel Group’s global business line dedicated to renewable energy, has started operations of the 34 MW Ngonye solar PV plant, which is the Group’s […]

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EIB to Provide $11.75 Mn Loan for 34 MW Solar Project in Zambia

Further, the Zambian project is promoted by Enel company and will also be supported by loans from the IFC, World Bank Group member, and IFC-Canada Climate Change Program. European Union lender, the European Investment Bank (EIB) has provided up to USD 11.75 million loan to support the 34 MW Ngonye solar power plant in Zambia. Further, the Zambian […]

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World Bank Plans ‘Scaling Solar and Storage’ Program

The new Scaling Solar and Storage (SSS) program, is expected to be rolled out in the coming years would work on utility-scale tenders that pair solar PV with battery storage technology. The World Bank is planning to make energy storage an integral part of its ‘Scaling Solar’ program, that until now has been focused purely […]

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