African Development Bank

The loan package is to co-finance the construction of the 100 MW Kairouan solar energy plant in Tunisia. The new financial aid covers $10 million and another EUR10 million from the Bank, as well as $17 million concessional financing from the Sustainable Energy Fund for Africa (SEFA).

ADB's support will certainly add to an extra 2,162-MW of installed renewable power generation capacity as well as 1.8 million tons of CO2 emission cost savings. The Bank's investment in Evolution Fund III lines up with its High Five goals, particularly, "Light Up and Power Africa" under its New Deal on Energy for Africa.

Scatec will certainly create the solar energy center with an acquired capacity of 50 MW at Selebi Phikwe. The solar power plant will make sure that roughly 48,000 lots of CO2 emissions will be avoided and power roughly 20,000 homes annually.

Solar developer ACWA Power has safeguarded an overall US$ 114 million from banks to fund the building of what it declares will be Egypt's largest private solar plant.

The African Development Bank's Board of Directors today authorized $27.2 million in lending financing for the layout, building and construction and also operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.

The African Development Bank (AfDB) has actually simply granted a give of almost EUR762,000 (over 7.9 billion Guinean francs) to the Republic of Guinea via its Sustainable Energy Fund for Africa (SEFA).

The African Development Bank (AfDB) will lend the government of Burkina Faso €48.82 million (US$54.04 million) to develop 208MWp of PV across the nation under its Desert to Power initiative.

The African Development Bank’s (AfDB) board of directors have approved a €138 million (US$154 million) investment for Tunisia’s state-run electricity distribution network.

An €18 million loan has been provided by the African Development Bank. The solar park, planned for capital N’Djamena, will be coupled to 4 MWh of storage.

A contracted 32MW solar-plus-storage project just north of Chad’s capital N'Djaména is one step closer to fruition after the African Development Bank (AfDB) provided it with an €18 million (US$19.6 million) loan with a partial risk guarantee.

The Ethiopian Electric Utility is seeking proposals for 25 mini grid projects which are being backed by the African Development Bank.