AFRICANEWS - Burkina Faso has launched the construction of a 33 megawatts (MW) solar power plant at a cost of 47.5 million euros ($53.4m) on Thursday making it the largest in the Sahel region which boasts of abundant sunlight yet inadequate electricity supply.
ENERGY BUSINESS REVIEW - Renewable energy developer Mainstream Renewable Power has signed $117.5m equity investment from several investors to support the development of more than 1.3GW of wind and solar power plants in Africa.
ENERGY BUSINESS REVIEW - US based private equity firm Denham Capital has partnered with renewable energy investment firm GreenWish Partners to develop, build and finance 600MW of renewable energy projects in sub-Saharan Africa by 2020.
BLOOMBERG - Engie SA is seeking to become a player in the off-grid solar industry, one of the first major utilities to work directly in that niche of the energy system.
Solar PV is playing a key role in expanding electricity access throughout Africa, as momentum increases to develop large-scale projects and mini-grid systems, in line with the proliferation of off-grid lighting solutions in rural communities.
PV MAGAZINE - The German off-grid solar provider has now installed over 50,000 systems in East Africa, meaning that a quarter of a million people receive sustainable electricity from its solar solutions, which is an incredible landmark in a growing market.
RENEWABLE ENERGY WORLD - Kenya, East Africa’s biggest economy, is in talks with international investors to prepare the sale of the country’s first green bond, Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo said.
BLOOMBERG - First Solar Inc., Enel SA and Neoen SAS won contracts to develop two photovoltaic power projects in Zambia that will provide Africa’s cheapest solar power, the first winners of a World Bank-organized auction program to promote wider use of renewable energy in developing nations.
ESI AFRICA - On Wednesday, Fieldstone Africa launched an investment index for renewable energy in Africa to assist investors, developers and financial institutions in comparing the relative merit of renewable efforts in different countries.
WORLD BANK - Last week Zambia set a new price record for utility-scale solar-generated energy in Africa with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction for 100 MW (2x50 MW) resulted in a price as low as 6 cents/kWh.
MICROGRIDMEDIA - Since the mid-1990s, external finance to Africa’s power sector has averaged only around US$600m per year of public assistance, plus a similar volume of private finance, according to the World Bank. Africa’s critical need for development requires rapid and effective solutions. With the proven economic setbacks of poor access to power, the crisis should be approached by exploring “All Options”.
ACCESS POWER - We are delighted to announce the shortlisted candidates for the 2016 US$7 million Access Co-Development Facility (ACF), a support mechanism for renewable energy projects in Africa.