The International Finance Corporation (IFC), a member of the World Bank Group, and Social Investment Managers and Advisors LLC (SIMA) have launched a $150 million solar green bond to expand rooftop solar energy across Africa. With backing from Finland, the Global Energy Alliance for People and Planet (GEAPP), and other lenders, the initiative aims to…
Bluewater, a specialist energy private equity firm, has announced the sale of Apex International Energy to United Energy Group Limited, a Hong Kong-based integrated energy company. This deal underscores the potential of strategic investment in Africa’s energy sector and marks the culmination of a successful partnership that transformed Apex from a small player into one…
Kenya and Senegal are leading Africa’s shift to renewable energy, with ambitious goals and strong interest from investors. But high financing costs are threatening to slow their progress. Despite having plenty of renewable energy resources and rising demand for electricity, expensive financing is holding back development and could stop the growth of clean energy in…
Africa50, a pan-African infrastructure investment platform, is launching a substantial $500 million fund aimed at bolstering off-grid power and green infrastructure projects across the African continent. This initiative arrives as regional governments increasingly prioritize the expansion of electricity access and the mitigation of climate change impacts. The fund seeks to address the significant energy gap…
JUWI Renewable Energies is making a major investment in South Africa’s renewable energy sector, committing ZAR 6 billion (approximately US$320 million) to develop three solar power projects with a total capacity of 340 MW. These projects, set for construction by 2025, will provide clean, reliable energy to major industrial players, including Teraco, Sasol, Air Liquide,…
At the recent Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, thirty African heads of state made a major commitment to transform the continent’s energy sector. Their goal is to provide reliable, affordable, and sustainable electricity to millions who currently live without it. The Dar es Salaam Energy Declaration marks a significant step…
A recent Schneider Electric survey sheds light on the disconnect between consumers’ sustainability goals and their actual energy-saving practices. While a significant majority—70%—recognizes the importance of reducing their carbon footprint, most homeowners still rely on ineffective methods, such as switching off lights (58%) or unplugging chargers (48%), despite their minimal impact on total energy costs….
Norfund, the Norwegian Investment Fund for developing countries, has recently announced an additional investment of USD 40 million in CrossBoundary Energy (CBE), a leading provider of renewable energy solutions in Africa. This follow-on investment, finalized in December 2024, doubles Norfund’s initial USD 40 million commitment made in July 2022. The increased funding aims to support…
The launch of a major renewable energy project by the Ezra Group in South Sudan marks a milestone in the country’s transition to sustainable energy. The initiative features a 20-Megawatt (MW) solar power plant and a 14-Megawatt-hour (MWh) Battery Energy Storage System (BESS) in Juba. This project is expected to supply electricity to up to…
African ministers recently emphasized the critical role of public-private partnerships (PPPs) in financing the energy sector during the Africa Energy Summit in Dar es Salaam. This focus on PPPs is aimed at tackling energy challenges across the continent and improving access to sustainable energy solutions. The summit brought together ministers from several African nations to…
