Juba, South Sudan// — A new South Sudan Natural Resource Review (NRR) report released today by the World Bank reveals that South Sudan has abundant natural resources potential that can be sustainably exploited to promote inclusive economic development.
Nairobi, Kenya//-Neosun Energy, a global leader in solar energy solutions, has officially entered the Kenyan market.
Swedfund and the Danish Investment Fund for Developing Countries, IFU, have partnered with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa, with a primary focus on South Africa, a country heavily reliant on coal-fired electricity.
Baku, Azerbaijan—During the 29th U.N. Climate Change Conference of the Parties (COP29) in Baku, Azerbaijan, IFC, a member of the World Bank Group, announced that its Board of Directors had approved an investment in Acumen’s Hardest to Reach (H2R) initiative to activate markets for clean and affordable energy in Sub-Saharan Africa.
The International Energy Agency (IEA) estimates that $110 billion will be invested in energy across Africa in 2024 as global players leverage the continent’s potential for solar, wind and natural gas production.
Off-grid solar is the most cost-effective way to power 41% of people globally by 2030 who are still living without energy access. The sector already provided 55% of the new connections in sub-Saharan Africa between 2020 and 2022 – where over 80% of the unelectrified population lives.
South Africa//-Renewable energy projects developed by independent power producers in South Africa received a € 400 million (ZAR 7.9 billion) boost with today’s announcement of a joint initiative between the European Investment Bank (EIB) and FirstRand Bank Ltd.
Cape Town, South Africa//-In Africa, with a young demographic, a plethora of socioeconomic development requirements and energy poverty, amongst other pressing issues, meeting the population’s minimum energy requirements is crucial and existential.
Nairobi, Kenya//– The Rockefeller Foundation released a new report which calculates an 8,700 terawatt-hour (TWh) “Green Power Gap” that must be closed to provide enough electricity for 3.8 billion people across 72 countries to participate in the modern economy.
Kigali, Rwanda//-Fortis Green Renewables Investment Management, a renewable energy investment firm currently investing out of its Green Fund I, and AXIAN Energy, a division of the Pan-African Group AXIAN today announced the acquisition of stakes in Gigawatt Global Rwanda Ltd (Gigawatt Rwanda), a solar power plant located in Rwanda, on the grounds of the Agahozo-Snalom […]
