African Development Bank will manage Africas New Deal on Energy along with investing US$12bn in energy funding over the next five years
Energy
Renusol enters South African solar market
German photovoltaic (PV) mounting systems manufacturer Renusol has established a presence in South Africa’s promising solar market
Djibouti set to get its first solar plant
Construction on Djibouti’s first solar power plant has begun, following the laying of the foundation stone by President Ismail Omar Guelleh
Nigerian IPP achieves financial close
Nigeria’s first true project-financed independent power plant (IPP), the Azura Edo, has achieved financial close and stakeholders met to finalise issues ahead of the groundbreaking ceremony
Orascom Construction to convert Egypt power plants for US$420mn
Orascom Construction has agreed to undertake a US$420mn contract to convert existing simple power plants to combined cycle power plants