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Africa

14 April 2014

Major shift to low-carbon energy needed to avert catastrophe warns IPCCp

World_170SQ The cost of mitigating climate change could spiral out of control if action isn't taken soon, according to a report published by the Intergovernmental Panel on Climate Change.

8 April 2014

Global solar private equity funding surges to $251m in Q1p

sunergy_170SQ Global private equity and venture capital funding surged to $251m in the first quarter of 2014, up from $87m in the fourth quarter of 2013.

1 April 2014

Norwegian wave power developer Langlee hunts €10m investmentp

Waves1_170 Wave power developer Langlee is looking to raise $2m in funding to install a prototype wave power generation unit off the coast of Gran Canaria in the Canary Islands.

28 March 2014

World Bank kickstarts cleantech incubator in Ethiopiap

ethiopia_170 The World Bank has launched a new cleantech business hub, the Ethiopia Climate Innovation Center in Addis Ababa to support enterprises that address climate change and boost the local economy.

24 March 2014

Africa’s biggest wind project secures $870m in US investmentp

wind_sunset_170SQ1 Africa’s biggest clean energy scheme, the Lake Turkana Wind Power Project, has secured $870m in funding following the signing of the financial agreements in Nairobi, Kenya.

21 March 2014

World Bank awards $73m to expand hydro project in DR Congop

hydroelectric170 A $73.1m grant to the Democratic Republic of Congo has been approved by the World Bank to help the country develop its hydroelectric project connected to the largest waterfall in the world, Inga Falls.

14 March 2014

Africa Development Bank cornerstones $200m renewable energy fund

Africa Development Bank and the African Biofuel and Renewable Energy Company have launched a new renewable energy fund with a $100m cornerstone commitment.

5 March 2014

Facebook considers $60m acquisition of solar drone manufacturer

Titan Facebook is considering a $60m buyout of Titan Aerospace, a manufacturer of solar-powered drones which can stay airborne for five years without needing to land.

25 February 2014

Greensolver and FinaTech to partner up for wind and solar in Morocco

Greensolver and FinaTech group have signed a partnership agreement to develop a range of wind and solar energy-related services in Morocco.

19 February 2014

Smart grid VC funding falls in 2013 despite increased deal activityp

Venture capital funding into smart grid technology companies fell in 2013 despite a pick up in deal activity compared to the previous year.

18 February 2014

Google funds $650,000 SolarAid charity for poverty alleviation in Africa

Google is providing additional funding to international development charity SolarAid and their work distributing solar lights in rural Africa by funding a two year project examining the impact of solar lights on poverty alleviation.

14 February 2014

NYSE goes ahead with Suntech delistingp

Troubled Chinese solar manufacturer Suntech has lost its appeal to remain listed on the NYSE.

4 February 2014

CDC makes further $18.4m commitment to African PE fundp

UK government-owned development finance institution CDC has made a $18.4m commitment to a new rights issue in West and Central African mid-market private equity fund Atlantic Coast Regional Fund.

29 January 2014

Nairobi’s Wind Gen Power raises $285,000p

Karen, Nairobi-based wind turbine manufacturer and developer Wind Gen Power has raised £285,000 of a $0.5m round.

27 January 2014

Juwi hires Stephan Hansen as new managing director for Europe, EMEA

Stephan_Hansen_juwi-International German solar developer Juwi has hired Stephan Hansen as the managing director of the newly structured Juwi International.

27 January 2014

DP Cleantech partners with CIL for biomass in Africa

DP Cleantech has partnered up with Addis Ababa-based Cambridge Industries in order to develop biomass and waste-to-energy projects in Africa.

22 January 2014

JA Solar, Powerway agree solar manufacturing JV in South Africa

Abnegoa_CSP_170SQ Shanghai, China-based JA Solar Holdings is entering a JV with South Africa-based Powerway to co-develop and build a solar module manufacturing facility in Port Elizabeth, South Africa.

21 January 2014

IRENA, ADFD launch $41m rural renewable energy projectp

The International Renewable Energy Agency in tandem the Abu Dhabi Fund for Development have announced $41m in financing for renewable energy projects in developing countries.

6 January 2014

Kenya opens 300MW geothermal tender

Kenya's state-run Geothermal Development Company has opened a tender calling for $400m of investment to build 300MW of geothermal generation capacity in the Rift Valley.

19 December 2013

PNE Wind teams up with South Africa’s WKN Windcurrent for 130MW development

Germany's PNE Wind is set to team up with South Africa's WKN Windcurrent to develop 130MW of wind capacity in the Port Elizabeth area of the country.

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