Energy

Standard Bank and BII reach financial close on Africa’s largest renewable energy project

This is the first project to reach financial close under the government’s risk mitigation independent power producer procurement programme. (Image Source: Adobe Stock)

Standard Bank and British International Investment (BII) have partnered with Scatec and H1 Holdings to reach financial close on the first sizable battery energy storage and photovoltaic (PV) solar project in South Africa – Africa’s largest and South Africa’s first baseload renewable energy project, uniquely powered entirely by renewable sources

Acumen launches investment initiative

Acumen launched its first Pioneer Energy Investing Initiative (PEII) in 2017. (Image source: Adobe Stock)

Acumen has launched its new Pioneer Energy investment Initiative: Powering Livelihoods Using Solar (PEII+)

AMDA calls for minigrid support

The report suggested that licensing remains a substantial hurdle and that there is an urgent need to create a regulatory structure that reflects the decentralised nature of minigrids. (Image source: Adobe Stock)

The Africa Minigrid Association (AMDA) has called for more support from governments and donors to the minigrid sector in Africa which continues to face financial, policy and regulatory constraints

Solar Panda receives funding to expand SSA footprint

Since 2018, Solar Panda has provided more than 200,000 solar home systems across Kenya. (Image source: Adobe Stock)

Solar Panda, which designs, manufactures and distributes pay-as-you-go solar home systems to low-income communities in Kenya has received US$8mn in funding from Oikocredit and Electrification Financing Initiative (EDFI ElectriFI)

FFI to explore green hydrogen potential in Djibouti

The framework agreement was signed between FFI and the Government of the Republic of Djibouti. (Image source: FFI)

Fortescue Future Industries (FFI) has partnered with the Government of the Republic of Djibouti to conduct studies regarding the potential for green hydrogen production across the nation