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Africa

20 February 2012

Impact investor targets West African clean energyp

An impact venture capital firm that invests in companies serving low-income consumers, is expanding into West Africa, with new investments in companies supporting land rights and agriculture in low-income communities across Ghana.

17 February 2012

African fund launches to promote sustainabilityp

africa2_170_170 A southern African nation has launched an environmental fund to invest in the protection of its ecosystem and the maintenance of its natural resources.

15 February 2012

SPX to provide components for Kenya’s largest geothermal plant

The US-based SPX has been contracted to supply four advanced direct contact condensers for a geothermal project in Kenya being developed by Hyundai Engineering.

15 February 2012

Major wind contract to be awarded by North African governmentp

A North African government has revealed that it will look to award a major wind power contract over the coming weeks, speaking opportunity for international turbine suppliers.

13 February 2012

African PE fund holds $200m first closep

africa2_170_170 African private equity firm 8 Miles has completed a first close of its first fund, with commitments of $200m.

10 February 2012

Soitec secures Investec Bank investment for 50MW CPV plant

southafrica_170_170 French energy company Soitec has secured financing from Investec Bank for the construction of a 50MW concentrator photovoltaic plant in Touwsrivier, South Africa.

3 February 2012

Sustainable fund gets development finance in South Africap

southafrica_170_170 A sustainable fund in South Africa has reportedly attracted investment from major international development banks.

2 February 2012

BrightSource wins preliminary stage of South Africa CSP deal

California-based solar thermal developer BrightSource Energy has revealed that it has been chosen by Sasol, together with its partner Alstom, to conduct a comprehensive front-end engineering and design study for the South Africa market.

30 January 2012

Siemens wins 100MW wind turbine order in Morocco

German electronics giant Siemens has been contracted to supply wind turbines with a combined capacity of 100MW for two projects in North Africa being developed by Nareva Holding.

27 January 2012

Solar changes lives in rural Africa and still makes a profitp

Solar power can be used to transform the lives of rural communities in developing nations, while still making a profit for the installer.

27 January 2012

Sustainable forestry fund exceeds final close target, raises €160mp

forest2_170 A sustainable forestry fund, which is set to tap into Africa-based opportunities, has exceeded its target with a final close of €160m.

20 January 2012

Clean energy developer looks to raise capital to roll-out business modelp

africa2_170_170 A cleantech innovator has revealed a need to secure further funding of $30m, having recently secured a $5m credit line.

19 January 2012

Africa Renewables subsidiary secures credit line

Takoradi Renewable Energy, a subsidiary of biomass producer and trader Africa Renewables, has secured a $5m credit facility from the Standard Chartered Bank in Ghana.

17 January 2012

Innovator fund to bring off-grid solar to East Africap

A solar energy innovator has launched a sustainable energy fund aimed at providing affordable photovoltaic lighting to rural off-grid communities in East Africa.

11 January 2012

European energy provider to invest in solar opportunitiesp

globe_Europe_170_170 A major European renewable energy provider told NewNet that it intends to make investments in the solar sector and will be looking to source local partners.

10 January 2012

North African country launches 850MW wind energy tenderp

A North African country has launched tenders for 850MW of wind energy projects and is inviting bids from international participants.

6 January 2012

Investors wary of tapping Africa’s biomass potential, says expertp

The opportunity to create a biomass supply chain in sub-Saharan Africa is not likely to be exploited for a long time, according to an expert working in the industry.

21 December 2011

Swedfund participates in €267m Sierra Leone bioenergy deal

africa2_170_170 Sweden’s Development Finance Institution Swedfund has committed €10m to Addax Bioenergy Sierra Leone as part of a €267m deal to further sustainable agricultural processes in the country.

12 December 2011

Scatec Solar to build 75MW South Africa plant

Scatec Solar is to build a 75MW project in South Africa as part of a flurry of activity in the country.

12 December 2011

Durban’s climate deal is called into questionp

chimney_170SQ A last minute breakthrough may finally have been reached at the United Nations climate change conference in Durban last week but sceptics are already questioning whether it will be too little, too late.

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