During a ceremony held in Kampala, the Lake Albert Development Project partners announced the final investment decision and the launch of the major project representing a total investment of approximately US$10bn
Energy
African Development Fund extends US$27.39mn for renewable energy development in Ghana
The Board of Directors of the African Development Fund have approved a US$27.39mn grant to Ghana for the development of renewable energy investments in the mini grid and net metering space
AEW 2022 partners with Nigeria’s Ministry of Petroleum Resources
Nigeria’s Ministry of Petroleum Resources has partnered with African Energy Week (AEW) 2022, taking place in Cape Town from 18-21 October
Bboxx to finance affordable solar home systems in Kenya
Bboxx, a next generation utility company, has secured a US$15mn loan from SBM Bank Kenya to provide access to clean, reliable, and affordable energy to nearly half a million Kenyans through off-grid solar home systems (SHS)
Globeleq’s Malindi solar plant generates clean energy for Kenya
Globeleq, a leading independent power company in Africa, and its project partner, Africa Energy Development Corporation (AEDC), has indicated that its 52MWp Malindi Solar photovoltaic (PV) plant has been exporting 40 MWac of power into the national grid since 14 December 2021