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Solar PV
South Africa has added a major new asset to its power system with the commercial operation of the 273-megawatt (MW) Grootfontein solar photovoltaic (PV) project in the Western Cape. The facility is the first project from Bid Window 5 of the country’…
Wind Farm
Exxaro Resources Limited, through its wholly owned, subsidiary Cennergi, has entered into binding agreements with Acciona Energía to acquire majority interests in two fully operational renewable energy assets - the 138MW Gouda Wind Farm in the…
Solar PV
The Board of Directors of the African Development Fund has approved a grants package worth $23.36 million to bring clean and reliable electricity to the city of Bosaso, Somalia. The Rehabilitation and Expansion of Bosaso Power Grid and…
Transmission Line
The European Bank for Reconstruction and Development (EBRD) is supporting Egypt’s transition to a green economy with a €200 million financing package for the Egyptian Electricity Transmission Company (EETC). This financing package is one of the…
COP 30
At the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil, development partners including the African Development Bank, urged for a scale up in financing to deliver the Great Green Wall’s 2030 targets. Currently funded by…
African Development Bank Approves USD 2 Million Grant to Boost Energy Storage and Grid Stability in Southern Africa
The African Development Bank has approved a USD 2 million technical assistance grant to support the development of a pioneering Southern African Power Pool (SAPP) Energy Storage Strategy, marking a major step toward modernizing Southern Africa’s…
African Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project
The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green ammonia project valued at more than $10 billion and with the potential to…
Solar PV
Scatec ASA, a leading renewable energy provider, has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement (PPA). “Bringing the…
Nkula
The African Development Fund’s (ADF) Board of Directors has approved a grant of $22.9 million for the rehabilitation of Malawi’s Kapichira and Nkula B hydropower plants, marking a transformative investment in the nation's energy future. The $118.7…