Category: Solar & Wind

The government of Indonesia has signalled its intention to establish renewable energy plants in Ghana, with a proposed production capacity ranging from 500 to 2,000 megawatts (MW).

Accra, Ghana//-The World Bank Managing Director and Chief Administrative Officer (MDCAO) Wencai Zhang has lauded Africa’s single largest rooftop solar project, located at the Tema Industrial Zone in the Greater Accra Region, during his three-day working visit to Ghana.

Asmara, Eritrea// — The African Development Bank Group (www.AfDB.org) and Eritrea have signed an agreement for $19.5 million in grant funding for the Desert to Power Eritrea 12MW Mini Grid Project.

In Africa, national grid electricity has not achieved universal penetration and is often unreliable. Rural areas are particularly affected, The International Energy Agency estimates 600 million people in sub-Saharan Africa, or 43% of the population, lack access to electricity.

There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels.

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.