Africa - other
Algeria: Société Générale funds LafargeHolcim’s climate projects (Afrik21)
- The two have just signed a USD9.4 million financing agreement, which will contribute to the cement company’s carbon neutrality.
Algeria: Solar project expected to produce first power by 2023 (Renewables Now)
- Algeria’s 1GW Solar 1,000 initiative is being overseen by state-owned Shaems and includes a 30MW solar park that is to be built in the Bechar province.
C&I: Schneider partners with SolarX (Afrik21)
- The alliance aims to integrate technology solutions into solar PV systems deployed for commercial and industrial customers across Africa.
Climate finance: Persistent raises USD10 million (CleanTechnica)
- The African climate venture builder has announced the equity raise in its Series C round, which will allow it to continue to expand its climate-friendly ventures.
Climate finance: GCF approves investment in FMO and Climate Fund Managers initiative (FMO)
- The GCF Board has approved USD145 million in funding for Climate Investor 2, which aims to accelerate private sector investment in low-emission and climate-resilient water, sanitation and ocean projects across 19 countries.
Morocco: Finance secured for wind upgrade (RenewsBIZ)
- The owner of the Koudia Al Baida wind farm, one of Africa’s oldest, has secured EUR44 million in funding from the European Banks for Reconstruction and Development to repower the facility and double its capacity to 100MW.
Renewables: Actis and Mainstream Renewable Power sell Lekela Power (Power Technology)
- The two companies have signed a deal to sell the African renewable energy provider for approximately USD1.5 billion to Infinity Groups and Africa Finance Corporation.
Renewables: Acumen launches investment initiative (African Review)
- The Pioneer Energy Investment Initiative: Powering Livelihoods Using Solar (PEII+) is a five-year, USD25 million programme that will invest early-stage capital in companies that provide clean energy-powered appliances to microentrepreneurs and smallholder farmers in India and East and West Africa.
|