Infrastructure fund Africa50 helps Egypt’s solar power sector take off
A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion....
Nigeria suspends power tariff hike over Covid-19
Nigerian Electricity Regulatory Commission has directed the 11 Distribution Companies to suspend the electricity tariff hike expected to begin Tuesday until June 30, citing...
World Energy Outlook examines future patterns
Major transformations are underway for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of...
TDB, USAID initiative to finance power projects in 22 African states
The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have signed a memorandum of understanding (MoU) that will...
World Bank commits $1b to power new markets for battery storage
by World Bank
The global energy landscape is undergoing a major transformation. Attractive costs for solar and wind and emerging innovations like floating solar and...
Policy and falling battery costs drive another record year for electric cars
The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% increase compared with 2016, according...
Nigeria in agreement to address extreme weather impact
Nigeria has signed a memorandum of understanding with the African Risk Capacity (ARC) to work together to address the impact of extreme weather events...
AfDB offers finance boost for climate, disaster risk
The President of African Development Bank, Akinwumi Adesina, has called for growing partnership and stakeholders to help finance climate and disaster risk in Africa.
He...
Commodity prices to rise more than expected in 2018: World Bank
Oil prices are forecast to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017, on strong demand...
Developer launches funding support for renewable energy projects
Access Power, a developer, owner and operator of power projects in emerging markets, has launched ACF 2018, the third edition of funding and support...
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