The Tunisian Electricity and Gas Company (STEG) has recently signed an agreement with the French Independent Power Producer (IPP) Qair (formerly Quadran International) for the construction of Tunisia’s first floating solar photovoltaic power plant. The 200 kWp plant, to be built in the Berges du Lac district of Tunis, will be supported by the private […]
AFRICA: EIB and TDB lend $120 million to SMEs for renewable energy
The European Investment Bank (EIB) has recently partnered with the Eastern and Southern African Trade and Development Bank (TDB) to open a USD 120 million credit line. It is intended to finance renewable energy projects for small and medium-sized enterprises (SMEs). The 9th Summit of Heads of State and Government of African, Caribbean and Pacific […]
ZAMBIA: AfDB and FVC finance rural electrification by renewable energy sources
The African Development Bank (AfDB) and the Green Climate Fund (GCCF) have signed a US$ 154 million financing agreement. The project is aimed at electrifying rural areas through renewable energy sources (RES) in Zambia. It is an alliance that promises to boost rural electrification in Zambia. The partnership is made up of the African Development […]
AFRICA: Oslo offers €30 million guarantee to renewable energy suppliers
The Norwegian government has decided to offer a guarantee of NOK 300 million (30 million) per year to renewable energy suppliers to guarantee their investments in low-income countries. Many of these countries are in Africa, south of the Sahara. Good news for renewable energy suppliers based in Norway. Dag-Inge Ulstein, Norway’s Minister for International Development, […]
SOUTH AFRICA: Eskom launches major tender for electricity storage
South African state-owned company Eskom is to initiate a call for tenders for a large-scale battery-powered electricity storage project. It will be implemented in two phases with an expected capacity of 1.4 GWh. South Africa is about to launch one of the largest electricity storage projects in the world. This involves the installation of batteries […]