The African Development Bank (AfDB) has approved US$50 million of framework financing for small-scale renewable energy projects in Zambia, after recent droughts caused a serious electricity supply deficit due to the country’s heavy reliance on hydropower.
A number of international initiatives have helped large-scale solar gain a foothold in Africa. The question now is how the market for this segment will develop beyond these programmes and how much capacity grids will be able to support.
Wallace Cosgrow, Seychelles’ Minister of Environment, Energy and Climate Change, has launched a tender for the right to develop, finance, own and operate a 4MW floating PV project in le Rocher Lagoon, Mahé.
The Green Climate Fund (GCF) will provide a US$50 million loan and a US$2.5 million grant to the African Development Bank to support 100MW of -
primarily solar - projects under Zambia’s Renewable Energy Financing Framework.
The president of African Development Bank (AfDB), Akinwumi Adesina, arrived in Burkina Faso’s capital city of Ouagadougou and pledged to financially support a 50MW PV portfolio to electrify rural areas within the country, per AllAfrica.com.
Monica Maduekwe, coordinator of Gender Mainstreaming at the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) caught up with PV Tech to discuss ways in which the organisation is addressing existing barriers to equal participation, including utilising a US$1 million fund from the African Development Bank.
In this week's Movers & Shakers segment, PV Tech focuses mainly on executive shifts in US solar companies involved in storage, trackers, residential loans and more. The African Development Bank is also revamping its management board, with a new head of Renewables.