The African renewable energy sector has been predicted to be worth US$57bn by 2020 thanks to the growing demand for power across the continent, according to a UN official
Renewables
SunEdison closes US$314 million for South Africa solar projects
Solar energy services provider SunEdison has announced that it has closed US$314mn in long-term debt and equity financing for two utility solar projects in South Africa
Blue Energy to build Africa’s largest solar PV power plant
UK-based renewable energy company, Blue Energy, has announced that it is to build Africas largest solar photovoltaic (PV) power plant in Ghana
IFC, Aldwych and Six Telecoms join hands to build Tanzania wind energy project
The International Finance Corporation (IFC) has partnered with African energy firm Aldwych and telecommunications service provider Six Telecoms to develop a 100MW wind farm in Singida, Tanzania
Nigeria to receive US$50 million for renewable energy projects
The Climate Investment Funds (CIF) will provide Nigeria with US$50mn to support an African Development Bank (AfBD)-backed programme for renewable energy and energy-efficiency development within the country