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Africa

1 October 2012

ET Solar finds success in South African market

Johannesburg_170SQ China’s ET Solar has supplied South Africa’s Flexopower Energies with photovoltaic modules for rooftop projects throughout Johannesburg.

28 September 2012

MENA provides ‘golden opportunity’ for solarp

A huge reduction in technology costs and high levels sunshine are starting to make solar development in the Middle East and Northern Africa an extremely attractive prospect, according to one engineering firm operating in the region.

27 September 2012

Exclusive: KenGen to attract $3bn of investment as it opens geothermal tenderp

© Boing Boing Kenya’s biggest utility KenGen told NewNet it is looking to attract $3bn of international investment as it opens a major geothermal tender.

25 September 2012

Political instability holds back African cleantech developmentp

Political uncertainty and overbearing bureaucracy in Africa is inhibiting the ability of companies to develop large-scale renewable energy or cleantech projects, according to one expert.

19 September 2012

Exclusive: Development Partners International sets $500m target for second Africa fundp

Development Partners International, a UK-based private equity firm making pan-African investments, has begun raising capital for a $500m fund that will take a sector agnostic approach but ensure portfolio businesses have a sustainable growth strategy.

19 September 2012

Soros’s development fund leads investment into sustainable agri group CleanStar Mozambique

Sustainable investment firm the Soros Economic Development Fund and the Industrialization Fund for Developing Countries (IFU) have invested close to $9m in CleanStar Mozambique, an integrated food, energy, and forest protection business that works with farmers to grow a variety of crops that it then processes into food and cooking fuel products for sale in local markets.

18 September 2012

Sun Edison gets $250m OPIC investment for South African solar project

US-based MEMC Electronic Materials and its subsidiary Sun Edison have entered into an agreement which will see up to $250m invested in a 60MW South African solar project by the Overseas Private Investment Corporation.

17 September 2012

FourWinds Capital sells $2.9m Uruguay plantation from Phaunos Fund

FourWinds Capital Management has sold its Cerro Chato plantation in Uruguay for $2.9m to a private investor from its Phaunos Timber Fund.

13 September 2012

Algeria seeks partners in shift to clean powerp

Algeria is seeking partnerships as it instigates a $60bn transition to sourcing its power from clean energy installations.

12 September 2012

Camco sees profit drop but revenues lift in H1 2012

Clean energy group Camco International has seen a near €2m dip in its profits for the first half of 2012, totalling €7.6m compared to €9.1m for the same period in 2011.

11 September 2012

South Africa postpones third round of renewable energy tender

South Africa’s Department of Energy has postponed the third bid submission date for its Renewable Energy Independent Power Producers Programme to next year.

10 September 2012

OPIC commits $150m to Abraaj-owned Aureos Capital for MENA fundp

US development finance institution the Overseas Private Investment Corporation has committed $150m to Abraaj Capital’s latest SME fund focused on the Middle East and North Africa.

5 September 2012

East Africa-based renewables start-up reveals growth strategyp

access_new A start-up developer of off-grid renewable energy installations in East Africa has raised an initial $200,000 and told NewNet it is planning a follow on round of funding in late 2013.

4 September 2012

ECC awards $400m for Ghana water contract

The Environmental Chemical Corporation (ECC) has awarded a $400m contract in conjunction with the Ghana government to revamp the region’s water system.

31 August 2012

Germany’s Research Ministry extends environmental technology fundingp

Germany’s Federal Ministry of Education and Research has extended its funding opportunity for another year as it looks to provide grants to environmental projects in Brazil, Russia, India, China and South Africa.

29 August 2012

Ormat Industries receives $310m loan from US government

Ormat Industries, a subsidiary of Ormat Technologies, has received a $310m loan from the US government’s Overseas Private Investment Corporation for its Olkaria III geothermal power plant in Kenya.

29 August 2012

Africa’s cleantech ‘boom’ is slower than many thinkp

Cleantech investors are increasingly looking for the next boom market and for many, Africa’s potential is fully on their radar. But a developer with a decade of experience on the continent disagrees.

29 August 2012

African sustainability fund makes initial investmentp

The Sustainable Energy Fund for Africa, a joint initiative of the Danish government and the African Development Bank, has made its inaugural investment, providing a financial kick-start to the Green Tech Financial Facility.

29 August 2012

South African desalinator on hunt for investorsp

A South Africa-based innovator commercialising a desalination technology is reaching out to investors to secure capital for further development work.

22 August 2012

South Africa’s IPP programme sees high level of interestp

south-africa_180512_170 South Africa, which is rapidly diversifying away from its dependence on coal, has seen a high level of interest as it seeks to form allegiances with independent power producers.

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