US$500-million for private renewable projects in Egypt
The European Bank for Reconstruction and Development (EBRD) has taken a major step forward in the rollout of renewable energy with the approval of a US$500-million framework to finance renewable energy in Egypt. The country aims to stimulate private investment in over 4 GW of wind and solar power. Sixteen plants will deliver 750 MW of solar PV capacity and are expected to reduce CO2 emissions by 900 kt/year.
Energy essential for structural transformation
Electricity shortages in Nigeria (an average of 32,8 power failures per month in 2015) are a major problem for the country’s economy. Nigeria’s government acknowledges that access to a sustainable and affordable energy is important for the creation of added value during the transformation of products into final consumer goods. Beyond its strategic role to foster industrial development, access to reliable electricity improves communication, favours scientific and technological innovation, and increases the standard of living of individuals.
Cross border electricity link in West Africa
Access to reliable and affordable energy in four West African countries will be transformed once a new 1303 km electricity interconnector, inaugurated recently becomes operational. The first cross-border energy supply between Cote d’Ivoire, Liberia, Sierra Leone and Guinea will support economic development, reduce the need to use expensive generators and allow existing and future hydropower projects to benefit the region. In Sierra Leone and Liberia less than 5% of inhabitants have access to electricity.
Plans for hydropower development in West Africa
Working in conjunction with the Economic Community of West African States (ECOWAS), in particular the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), Pöyry has mapped the small-scale hydropower potential in 14 ECOWAS countries. This data maps hydrological conditions, hydropower potential and climate change information for more than 500 000 river reaches, and will be used by stakeholders in each country to identify and implement hydropower projects to address the energy challenge.
Funding for Zambian wind project
The US Trade and Development Agency has approved grant funding for Access Power’s 130 MW wind power project in Zambia. Electricity in Zambia has historically been generated from hydroelectric sources, accounting for 96% of the country’s electricity production. The recent prolonged droughts in the region have resulted in load shedding for up to 8-hours a day. Wind energy power generation will satisfy its need for electrification and help fuel the country’s economy.
Rwanda to build Africa’s first peat-fired plant
Rwanda will have the first peat-fired power plant in Africa. This is expected to increase the national power capacity by 40%, lead to a reduction of fuel imports, and bring more energy independence to the country. The 80 MW power plant will be followed by a 40 MW plant later. The power plant will built by an EPC contractor, will have a total project cost of US$350-million and be completed in 36 months.
Moroccan renewable energy investment
IFC and Proparco are investing a total of €135-million in the first green bond issuance to promote sustainable, environmentally friendly projects in Morocco. IFC’s investment is part of its strategy to create markets by unlocking investment for private sector projects, and meet the increasing demand for renewable energy and energy-efficient projects. The financing is expected to help save 938 kt of CO2 emissions per year.
Decentralised energy supply in Uganda
Uganda is literally soaking up the sun – the first solar power system in the country is now connected to the national grid thanks to support from KfW, which is financing the “Get FiT” programme. In addition to solar power systems, other types of renewable energies are also being promoted. In total, the Get FiT programme is set to finance 17 small power plants with up to 160 MW generated between them.
EPC tender for 25 MW PV project
Solar Era Holdings is developing a 25 MW solar PV portfolio in Sierra Leone. The project will be delivered in two phases. The first phase 1 is a 5 MW grid-connected PV facility in Bo, Sierra Leone’s second largest city; and the second phase is a 20 MW facility which is expected to be a hybrid solar-diesel-battery plant. The company is currently seeking proposals for an EPC for the first phase.
Source: EE plublishers