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JUNE 2016

Burkina Faso to build $53m solar plant, largest in the Sahel region

Burkina Faso to build $53m solar plant, largest in the Sahel region

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.

Opportunities for solar in Africa

Opportunities for solar in Africa

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.

Mobisol reaches 250,000 people in Africa

Mobisol reaches 250,000 people in Africa

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.

Kenya Plans Debut Green Bond to Fund Renewable Energy Projects

Kenya Plans Debut Green Bond to Fund Renewable Energy Projects

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.

Cheapest Solar in Africa Comes to Zambia Through World Bank Plan

Cheapest Solar in Africa Comes to Zambia Through World Bank Plan

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.

Fieldstone Africa launches renewable investor tool

Fieldstone Africa launches renewable investor tool

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.

Why Zambia’s 6 cents is more significant than Dubai’s 3 cents

Why Zambia’s 6 cents is more significant than Dubai’s 3 cents

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.

The Investment Case for Mini-Grids and Off-Grids in Africa

The Investment Case for Mini-Grids and Off-Grids in Africa

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”.