Global Renewables: China’s solar curb

Global Renewables: China’s solar curb

China’s suspension of approval for new subsidised grid-scale photovoltaic (PV) solar projects has led to sharply reduced forecasts for global capacity expansion in 2018. But the longer-term outlook for the sector still looks buoyant, as costs continue to fall.

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Nigeria raises renewable energy targets to 30% by 2030

Nigeria raises renewable energy targets to 30% by 2030

Nigeria set a target to raise the amount of renewable energy in the country’s energy mix to 30 per cent by 2030. Victor Eromosele, Chairman and Chief Executive Officer of Mentor Consulting join CNBC Africa to discuss what the country needs to do to make this a reality.

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Africa Renewables Fund awards $1.6m for solar home lighting to 7,000 homes in Zambia

Africa Renewables Fund awards $1.6m for solar home lighting to 7,000 homes in Zambia

Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window.

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Africa Renewables: IFC, Gaia Energy partnership to foster wind power development in Africa

Africa Renewables: IFC, Gaia Energy partnership to foster wind power development in Africa

World Bank Group member, the International Finance Corporation (IFC), has forged a new partnership with Moroccan renewable energy developer Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.

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Global Markets: Vitol launches new fund to invest in wind power

Global Markets: Vitol launches new fund to invest in wind power

Vitol Group, the world’s largest independent oil trader, is set to launch a new fund that will invest in wind farms in Europe, according to Bloomberg. The sum, roughly $234 million, is relatively modest, but the move is highly symbolic.

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Africa Renwables: Standard Bank’s Contribution to South African Renewables

Africa Renwables: Standard Bank’s Contribution to South African Renewables

Standard Bank is the mandated lead arranger, underwriter and hedge provider of seven of the total 27 projects which have signed power purchase agreements with Eskom as part of South Africa’s Renewable Energy Independent Power Producer Procurement Program, (REIPPPP), after a long delay. Standard Bank was the first bank to close a project under this round, with a total of four projects already closed. The remaining projects have until end July to reach financial close.

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