The board of directors of the African Development Bank Group (AfDB) has approved the leveraging energy access finance framework (LEAF), under which the Bank will commit up to US$164mn to promote decentralised renewable energy in six African countries
Energy
Magnora doubles South African project portfolio to 1.7GW
South Africa an attractive region for solar and wind development together. (Image source: Adobe Stock)
Magnora has acquired 92% of the renewable project development company African Green Ventures (AGV), with an aim to increase its focus in the South African solar and wind market
West African ministers sign Declaration of Niamey, get Trans-Saharan gas pipeline back on track

The pipeline will enable Europe to tap directly into the three country’s significant natural gas reserves. (Image source: African Energy Chamber)
Niger, Algeria and Nigeria have signed the ‘Declaration of Niamey’ during the third edition of the Economic Communities of West African States (ECOWAS) Mining and Petroleum Forum (ECOMOF) in Niamey on 16 February, 2022
South Africa’s Redstone CSP achieves first debt draw down

This project marks a landmark project finance investment in South Africa in enhancing clean energy generation
South African Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa
VFlowTech partners Sing Fuels to drive Africa’s energy transition

VFlowTech Africa will enable the storage of energy generated from variable or intermittent energy sources such as solar or wind
VFlowTech, a Singapore-based energy storage solutions provider manufacturing low-cost and efficient modular vanadium redox flow batteries, and Sing Fuels, a global energy trading company, have announced their new joint venture to meet the needs of the fast-developing energy storage market in Africa through sustainable microgrids