DR Congo: Exim Bank India Finances DRC Solar

DR Congo: Exim Bank India Finances DRC Solar

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

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Renewables: Mozambique to Benefit from SunFunder/SolarWorks! Debt Facility

Renewables: Mozambique to Benefit from SunFunder/SolarWorks! Debt Facility

SunFunder closed a $2 million debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Africa. The investment took an innovative multi-currency approach through a partnership with US-based currency hedging company MFX Solutions. It will be used primarily for working capital to accelerate SolarWorks!’ growth in Mozambique and marks the first transaction in that country for both SunFunder and MFX. They expect the financing to directly impact the…

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Renewables: Senegal Powering 25 Villages

Renewables: Senegal Powering 25 Villages

Senegal will see 25 villages in the south-east of the country electrified with solar by the end of the year as part of a sustainable development program promoting renewable energies. “Of the 40 villages targeted, more than 25 will be electrified in December. All installation work will be completed before the end of November. These 25 villages will have electricity by the end of December,” said Cheikh Wade, head of monitoring and monitoring at the…

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Renewables: Akon Lighting Sierra Leone

Renewables: Akon Lighting Sierra Leone

Akon, Senegalese rapper and founder of Akon Lighting Africa, has pledged to equip Sierra Leone with 5,000 solar street lights and 2,500 traffic lights to accompany the national electrification agenda. “The commitment of the philanthropic organization of Akon will be of great help for the electrification of our country. It proves the impressive leadership of President Julius Maada Bio who was able to mobilize, in six months, the international good will to improve the daily…

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Africa Renewables: Germany to Invest €120M in Senegalese Solar

Africa Renewables: Germany to Invest €120M in Senegalese Solar

Senegal plans to electrify 300 villages with the support of Germany. This decision was announced by Senegalese President Macky Sall during the visit of German Chancellor Angela Merkel. Access to village electrification will be by solar energy led by German companies.

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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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