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Renewables

When completed, Ruzizi IV is projected to produce 287MW of electricity and exploit the Ruzizi River’s full hydropower potential. (Image source: Ronald Vriesema/Flickr)

The African Development Bank (AfDB) has approved a US$8.91mn grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support Ruzizi IV Hydropower Project, to be situated on the Ruzizi River between Rwanda and Congo

Wale Shonibare, AfDB’s acting vice-president for power, energy, climate change and green growth, emphasised the strategic importance of FEI in delivering the AfDB’s renewable energy strategy for Africa. (Image source: seagull/Pixabay)

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

The aim is to accelerate the renewable energy programme. (Image source: Pexels/Pixabay)

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

Storage units will be charged with the help of electricity generated by 1,000 sq m of solar panels. (Image source: Azelio)

Azelio, a Swedish developer of thermal energy storage technology, has produced the first electricity as part of its verification project in Morocco

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