Energy

Europe held the top position with 11 contracts and a share of 42.3 per cent during December 2019. (Image source: Foundry/Pixabay)

Comparing contracts activity in T&D project segment in different regions of the globe, the Middle East and Africa held five contracts and a 19.2 per cent share during December 2019, according to GlobalData’s power industry contracts database

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