Africa Finance Corporation (AFC) has grabbed attention by securing a $300 million loan from Indian banks to fund energy projects across Africa. This loan is a key step in AFC’s mission to improve the continent’s infrastructure and tackle its energy challenges. The funds will go towards renewable energy projects, which are crucial for sustainable growth…
Solarise Africa and RUBiS Energy Kenya have joined forces to launch RUBiSOL, a new venture poised to transform the renewable energy landscape in East Africa. This partnership combines the expertise of two industry leaders to deliver innovative, decentralized energy solutions to businesses across the region. RUBiSOL is designed to address critical challenges such as high…
The Western Cape government is making strides in renewable energy by issuing a tender for solar PV systems, battery energy storage systems (BESS), and EV charging stations. Announced by the City of Cape Town, this initiative aims to strengthen the region’s energy infrastructure while working toward sustainability goals. The tender specifies a BESS with a…
The NTPC Green Energy IPO has drawn attention from investors as it prepares to debut on November 27, 2024. The public offering raised ₹10,000 crore, marking a milestone in India’s renewable energy sector. Investors are particularly attracted to its focus on sustainable energy, reflecting the growing demand for climate-friendly investments. The IPO, open for subscription…
Open Access Energy (OAE) in South Africa has partnered with Project Energy Connect (PEC) to tackle the country’s energy challenges by focusing on renewable energy solutions and better metering systems. The collaboration comes at a critical time as South Africa faces escalating energy costs and frequent power outages. The partnership aims to utilize OAE’s smart…
Lake Turkana Wind Power (LTWP), Africa’s largest wind power plant, has appointed George Njenga as its new Executive Chairman, effective November 1, 2024. Njenga succeeds Mugo Kibati, who led LTWP for a decade and played a pivotal role in establishing Kenya’s first public-private energy partnership. Under Kibati’s leadership, LTWP contributed approximately 12% of Kenya’s electricity…
Africa is at a crucial point in its journey toward sustainable development, with a growing need for investment in climate-resilient infrastructure. As the effects of climate change become increasingly evident, African leaders and global organizations are pushing for better access to renewable energy across the continent. Closing the funding gaps in critical sectors such as…
The African Development Bank (AfDB) has been making strides in advancing renewable energy for agriculture across Africa. This initiative is about more than just providing energy—it represents a transformative approach to farming for smallholder farmers, who are the backbone of food production in much of the continent. The AfDB’s efforts focus on creating a circular…
Kenya Power has launched a new Sustainability Strategy to create a greener and more reliable energy system. Announced in November 20, 2024, the plan tackles climate change while addressing the needs of local communities. Dr. Joseph Siror, the company’s Managing Director and CEO, highlighted that the strategy isn’t just about protecting the environment but also…
Gautam Adani, the Indian billionaire and head of the Adani Group, has been indicted in the United States on serious charges related to a large fraud scheme in the solar energy sector. The U.S. Department of Justice announced that Adani and several others are accused of orchestrating a $265 million bribery scheme to secure solar…
