Renewables

‘COVID-19 crisis is hurting but not halting global renewable energy growth’

IEA trme and atr 22 mayIn 2020, the world is set to add 167GW of renewable power capacity this year, 13 per cent less than in 2019, according to the IEA’s Renewable Market Update report

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African Development Bank welcomes US$10mn CTF investment

energyThe African Development Bank (AfDB) has welcomed the decision of Trust Fund Committee of the Clean Technology Fund (CTF), one of two funds within the Climate Investment Funds (CIF), to extend a US$10mn concessional senior loan to develop 50MW Tulu Moyo Geothermal Power Plant project in Ethiopia

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Renewable energy to support economic growth, says IRENA

irena renew 20m aprilRenewable energy transformation is set to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, according to the Global Renewables Outlook by the International Renewable Energy Agency (IRENA)

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AfDB to develop small-scale renewable energy projects

AfDB Vinita Renewable energy storyThe African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) has approved a grant of US$760,000 to Empower New Energy (EmNEW) to develop small renewable energy projects across sub-Saharan Africa

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IRENA: Renewables adds 176 GW of generating capacity with solar and wind

irena atrThe renewable energy sector added 176 GW of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018, according to data released by the International Renewable Energy Agency (IRENA)

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