The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached final equity close with US$59mn in committed equity capital and US$36mn debt facilities, to support innovative, off-grid energy access companies
Energy
AfDB’s US$20mn investment in Metier Fund for renewable energy programme
The African Development Bank (AfDB) has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across sub-Saharan Africa
Azelio’s verification project in Morocco delivers first electricity
Azelio, a Swedish developer of thermal energy storage technology, has produced the first electricity as part of its verification project in Morocco
Cummins unveils Tier 4 final mobile power solution with 500KW generator
Cummins Inc launched the 500KW mobile generator set, the newest addition to the Tier 4 Final mobile generator product line during the 2020 United Rental Supplier Show in Minneapolis, Minnesota, from 4-5 January
Middle East and Africa power industry tenders up 32 per cent in Q3 2019
The Middle East and Africa (MEA) power industry tenders activity saw 505 tenders announced in Q3 2019, marking a rise of 32 per cent over the last four-quarter average of 382, according to GlobalData’s power database