The US Trade and Development Agency (USTDA) has signed a US$1.5mn grant with Kalahari GeoEnergy Limited, a Zambian geothermal development company, for a feasibility study supporting the development of a 10-20 MW geothermal power plant
Renewables
AfDB grants US$23.25mn for Liberia’s renewable energy sector
The AfDB has granted Liberia US$23.25mn through the Climate Investment Funds (CIF) for the construction of a 9.8MW hydropower plant at Gbedin Falls on the Mano River, with an aim to transform the renewable energy sector in the country
“MEA to have 40GW of wind-power capacity by 2026”
MAKE consulting has recently reported that the wind-power capacity in the Middle East and Africa (MEA) region amounted to 676MW in 2016, compared to 682MW in 2015, and has forecasted the region’s capacity to install nearly 40GW of new wind-power capacity from 2017 to 2026
ENGIE and eleQtra sign an agreement for the development of a wind project in Ghana
The project is expected to require an investment of approximately US$120mn and to start operations early 2019
Israel signs MoU with ECOWAS for US$1bn solar investment
Israel and the Economic Community of West African States (ECOWAS) have signed a memorandum of Understanding (MoU), which will see Energiya Global, Israel’s leading solar developer, invest US$1bn for the next four years to enhance green energy power projects across 15 member states of ECOWAS