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Local asset manager Mergence Unlisted Investment Managers (Namibia) has bought a majority stake for an undisclosed sum in the 6MWp Momentous Solar One solar energy plant, located near Keetmanshoop. The seller is NASDAQ-listed Canadian Solar, one of…
IFC allocates USD 40 million to promote solar technologies. A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market. The Shenzhen-based company displayed solar powered…
African energy experts and policymakers on Wednesday urged African countries to prioritize investments in renewable energy amid growing demand for energy sources across the continent. The two organizations made the urgent call during the first-ever…
Zimbabwe still plans to engage with SA power utility Eskom in an effort to boost electricity imports despite the board of the Zimbabwe Electricity Supply Authority (Zesa) being fired last week for 'incompetence'.  Zesa is the holding company of…
Finnish development financier Finnfund has signed a $5 million long-term senior debt financing to Starsight Power Utility Limited group in Nigeria to encourage green investment.  Starsight offers solar-diesel-battery hybrid generation and efficient…
New solar in Africa can be established at a going rate of just nine U.S. cents per kilowatt-hour, according to investors at yesterday’s opening day of the Africa Energy Forum. States should embark on a solar gold rush to secure global investment…
Off-grid solar systems will be deployed at large volumes in rural Kenya with the support of the government and development financiers. A US$47 million pot will be made available to providers of domestic solar for over a million people across…
In accordance with the directives of the Nigerian Electricity Regulatory Commission (NERC) to bridge the lingering metering gap through the new Meter Asset Providers (MAP) initiative, Ikeja Electric Plc (IE) has declared intentions to roll out about…
A group of leading energy and impact investors has urged governments and multilateral and bilateral donors to create a unified Results-Based Financing (RBF) mechanism to support renewable energy mini-grids and bring access to power in Africa. They…