African Development Bank

African Development Bank to Fund 100 MW Tunisian Solar Project
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).
Jan 3, 2023 // Markets & Finance News, international finance corporation, African Development Bank, Wale Shonibare, SEFA, Kevin Kariuki, Daniel Schroth, Tunisia solar power project, Clean Technology Fund, Kairouan solar power plant, Sustainable Energy Fund for Africa
AfDB Invests $20 Million in Fund for RE Expansion in Sub-Sahara
ADB's support will certainly add to an extra 2,162-MW of installed renewable power generation capacity as well as 1.8 million tons of CO2 emission cost savings. The Bank's investment in Evolution Fund III lines up with its High Five goals, particularly, "Light Up and Power Africa" under its New Deal on Energy for Africa.
Nov 17, 2022 // Markets & Finance News, AfDB, African Development Bank, SUB-SAHARAN AFRICA, Kevin Kariuki, Christopher Clarke, Evolution Fund III, Fund for Africa, Inspired Evolution Investment Management
Botswana Power Corporation Awards Scatec ASA First Huge Scale Solar Agreement
Scatec will certainly create the solar energy center with an acquired capacity of 50 MW at Selebi Phikwe. The solar power plant will make sure that roughly 48,000 lots of CO2 emissions will be avoided and power roughly 20,000 homes annually.
Sep 2, 2022 // Markets & Finance News, Scatec, power purchase agreement, African Development Bank, Jan Fourie, Botswana Power Corporation, Botswana solar project, Botswana Vision 2036, BPC
ACWA Power protects US$ 114 million for 200MW Egypt solar plant
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.
Apr 27, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Asia, Africa, Egypt, middle east, ACWA Power, African Development Bank, green climate fund, Paddy Padmanathan, PV Power Plant, EMEA, european bank for reconstruction and development
AfDB Approves $27 Mn Loan to Establish 200 MW Solar Plant in Egypt
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.
Mar 9, 2021 // Plants, Large-Scale, Commercial, Asia, Africa, Egypt, AfDB, African Development Bank, kom ombo, Solar Power Plant, Electricity, Kevin Kariuki
Solar off-grid projects obtain near EUR762,000 from AfDB
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).
Apr 10, 2020 // Markets & Finance News, Africa, African Development Bank, Guinea, SEFA
Major Burkina Faso PV project secures €48.82m ‘Desert to Power’ loan
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.
Dec 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, solar pv, European Union, West Africa, AfDB, African Development Bank, Burkina Faso, French Development Agency
AfDB approves €138 million package for Tunisian grid
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.
Oct 17, 2019 // Plants, Large-Scale, Commercial, Grids, Tunisia, Africa, African Development Bank, tunisian electricity and gas company, Mohamed El Azizi
Chad gets financing for large scale solar-plus-storage project
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.
Oct 4, 2019 // Plants, Large-Scale, Commercial, Storage, storage, Africa, African Development Bank, chad, amea power
‘Desert to Power’ solar project in Chad clinches €18m AfDB loan
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.
Oct 2, 2019 // Plants, Large-Scale, Commercial, Storage, Grids, solar-plus-storage, Africa, African Development Bank, chad, sahel, infraco africa, aldwich international limited, amea power
Ethiopia’s plans for solar mini grids move forward
The Ethiopian Electric Utility is seeking proposals for 25 mini grid projects which are being backed by the African Development Bank.
Sep 25, 2019 // Plants, Large-Scale, Commercial, Grids, Tariffs, storage, Ethiopia, African Development Bank, EEU