Renewables
AfDB approves US$8.91mn grant for Ruzizi IV Hydro Power Project
The African Development Bank (AfDB) has approved a US$8.91mn grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support Ruzizi IV Hydropower Project, to be situated on the Ruzizi River between Rwanda and Congo
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AfDB-sponsored off-grid energy access fund reaches final equity close
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached final equity close with US$59mn in committed equity capital and US$36mn debt facilities, to support innovative, off-grid energy access companies
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AfDB’s US$20mn investment in Metier Fund for renewable energy programme
The African Development Bank (AfDB) has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across sub-Saharan Africa
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Azelio’s verification project in Morocco delivers first electricity
Azelio, a Swedish developer of thermal energy storage technology, has produced the first electricity as part of its verification project in Morocco
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One of Malawi’s first solar energy project reaches financial close
One of Malawi’s first solar projects has reached financial close after attracting investment volume totalling US$67mn
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