The government of the Republic of Niger has signed an agreement with Emerging Energy Corporation (EEC) to work together to explore and develop commercial green hydrogen projects in Niger
Renewables
AfDB approves LEAF programme to promote investment in decentralised renewable energy
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
Magnora doubles South African project portfolio to 1.7GW
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
South Africa’s Redstone CSP achieves first debt draw down
South African Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa
PIDG company fund backs 40MW Kesses solar project in Kenya
The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector