The 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

Renewable 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)

The 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

The 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)

Coronavirus (COVID-19) pandemic disruption on Chinese solar photovoltaic (PV) manufacturing companies has prompted a major jolt on the global solar PV supply chain