A US$3.2m loan from REPP is to finance up to three new exploratory wells in an ambitious project to build the country’s first commercial geothermal power plant.
The live capacity-building event, “Why fit-for-purpose shareholders agreements are critical to your project’s bankability”, aimed to shed light on the complexities of shareholders agreements and was targeted at renewable energy project developers.
Country’s first ever wind farm to reach financial close and start construction is nearing completion following US$1.2m loan from REPP.
REPP’s RFP was specifically seeking applications for funding for projects that are either majority-owned or led by women, or whose focus is to promote the economic empowerment of women. The call was met with an overwhelming response from project developers from across West, East and Southern Africa.
Gigawatt Global’s 7.5MW solar plant in Burundi to become first grid-connected project supported by REPP to begin full construction.
Surveys to assess the suitability of over 900 church-owned properties in Ghana for rooftop solar panels will commence after REPP agreed to provide a US$290,000 development loan.