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  • AfDB supporting Zambian small-scale renewables
    • The African Development Bank (AfDB) has approved a US$50 million loan for small-scale renewable energy projects in Zambia, after recent droughts caused a serious electricity supply deficit due to the country’s heavy reliance on hydropower. This comes on top of the US$52.5 million in financing approved by the Green Climate Fund (GCF) in February as part of a financing framework. Zambia’s Government launched the Renewable Energy Feed-in-Tariff (REFiT) policy in 2017 to support private investments for small-scale <20MW renewable projects, driven by the hydropower deficit. The ‘Global Energy Transfer Feed-in Tariffs’ (GETFiT) Zambia Programme was then brought in to facilitate the implementation of the REFiT Policy aiming to finance 200MW of renewable energy projects. The GETFiT programme will be co-financed by the GCF and AfDB along with other yet to be determined co-financers.

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    Jul 12 2018

  • Falling battery costs to enable wind and solar generation to hit 50% globally by 2050
    • Wind and solar could provide half of the world’s energy generation by 2050 on the back of continually declining technology costs, particularly in battery energy storage, according to a new report from Bloomberg New Energy Finance (BNEF). The 150-page New Energy Outlook (NEO) 2018 report predicts that the future of the global electricity system will be dominated by tumbling lithium-ion battery prices. These have already fallen 80% per MWh since 2010 and will continue to decline as electric vehicle manufacturing builds up through the 2020s.

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    Jun 19 2018

  • Global funds back desert solar to bring power to 250 million Africans
    • The Desert to Power collaboration between the African Development Bank (ADB), the Green Climate Fund (GCF) and the Africa50 investment fund aims to build 10,000 MW of solar projects across the dry, sunny region. That would be enough to bring solar-generated electricity to 250 million people, including 90 million through off-grid solutions, which the organisations claim will enable the development of agriculture. Just 42% of people have access to electricity in sub-Saharan Africa. Green Climate Fund executive director Howard Bamsey said the needs expressed by countries in the region were driving the initiative. “Sahel countries have identified the potential of solar power to bring green energy to people across the region,” said Bamsey. “Renewable energy investment is a priority in their Nationally Determined Contributions (NDCs) under the Paris Agreement.” The organisations agreed to share ideas and resources to make solar power available throughout the Sahel region, with the aim of transforming African deserts into new sources of renewable energy.

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    May 31 2018

  • Renewable Energy Needs To Scale Up By A Factor Of Six, Reports IRENA
    • The speed of global renewable energy adoption needs to increase by at least a factor of six if the world is to meet the goals set out in the Paris Climate Agreement, but which would also result in the growth of the global economy and global welfare, according to a new report from the International Renewable Energy Agency. The new report published by the International Renewable Energy Agency (IRENA), Global Energy Transformation: A Roadmap to 2050, was launched at the Berlin Energy Transition Dialogue being held on Tuesday and Wednesday at Germany’s Federal Foreign Office. According to the report, cumulative energy system investment would need to be increased by 30% through to 2050 in favor of supporting renewable energy and energy efficiency — from around $93 trillion under current and planned policies, up to $120 trillion. This investment figure also requires $18 trillion be directed towards power grids and energy flexibility — double that of current and planned policies.

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    Apr 18 2018

  • Zambia issues RfQ for 100MW of solar under GET FiT programme
    • The government of Zambia has issued a Request for Qualification (RfQ) for up to 100MW of solar under the first round of the GET FiT Zambia programme. German development bank KfW, which is representing the Zambian government, is implementing the tender on behalf of the Ministry of Energy. The capacity will become available via a reverse bid, competitive auction process. The maximum project size will be 20MW and each applicant can apply for up to two projects. A maximum of 20 projects and bidders will be shortlisted and invited to submit full technical and financial Bids during a Request for Proposal (RfP) stage. In December 2017, GET FiT Zambia became the official implementation programme for the Zambian Renewable Energy Feed-in Tariff (REFiT) Strategy, which was formally launched by the Ministry of Energy in October 2017.

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    Apr 10 2018

  • Lebanese solar-plus-storage tender could enable private supply of renewables
    • Lebanon could reconfigure its laws and regulations to allow private sector actors to generate renewable energy for sale to the grid, it emerged as the Middle Eastern country opened up its first solar-plus-storage tender process. The Government of Lebanon is seeking to enter power purchase agreements (PPAs) for renewable energy supply and has called on “private investors and companies interested” to submit expressions of interest (EOI) to deliver multi-megawatt solar PV projects with co-located energy storage. PPAs will be bought by Electricité du Liban (EDL), Lebanon’s main electricity supplier, on behalf of the Lebanese Republic Ministry of Energy and Water (MEW). It was made clear the government wants to buy up the electricity supply, not to own the assets themselves.

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    Apr 10 2018

  • Madagascar joins Scaling Solar scheme with added energy storage
    • Madagascar is the third African country to join the Scaling Solar programme, with the planned 30-40MW solar facility envisaged to help ease daily interruptions of power service. Other Scaling Solar tenders also underway are in Senegal and Ethiopia, with a second round underway in Zambia. The World Bank highlighted that the island nation suffers from frequent power outages, and under one fifth of the population has access to electricity. In the Bank’s Doing Business Report, Madagascar was ranked 187 out of 189 countries regarding the difficulty, delay, and cost of getting electricity. The planned Scaling Solar project will provide a reliable alternative to expensive diesel generators, drawing on an abundant source of renewable energy.

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    Mar 2 2018

  • IFC, Canadian government announce partnership to spur renewable energy in Africa
    • IFC, a member of the World Bank Group, and the government of Canada has formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy in Sub-Saharan Africa. The program, known as Canada-IFC Renewable Energy Program for Africa, will feature the Canadian government contributing US$122 million that the IFC will use to catalyze private sector investment in renewable energy by offering concessional financing mixed with IFC’s own account resources to mitigate a variety of risks that can deter private investment in renewable energy.

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    Feb 2 2018

  • Global solar investments topped US$160.8 billion in 2017 According to Bloomberg New Energy Finance
    • Bloomberg New Energy Finance (BNEF) has reported that Global solar investments topped US$160.8 billion in 2017, an 18% increase over the previous year and importantly, despite capital costs declining around 25%.

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    Jan 16 2018

  • AfDB achieves 100% investment in green energy projects in 2017
    • The African Development Bank achieved a 100% investment in renewable energy in 2017, a milestone in its commitment to clean energy and efficiency. The Bank said in a statement that power generation projects with a cumulative 1,400MW exclusively from renewables were approved during the year, with plans to increase support for renewable energy projects in 2018 under the New Deal on Energy for Africa. Bank President, Akinwumi Adesina, commented: ‘’We are clearly leading on renewable energy. We will help Africa unlock its full energy potential, while developing a balanced energy mix to support industrialisation. “Our commitment is to ensure 100% climate screening for all Bank financed projects.’’

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    Jan 8 2018