Market News

  • Kenya Slashes Power Tariffs for State-Owned Solar Farm by Half

    Posted on :Thursday , 12th April 2018

     Energy Regulatory Commission Director-General Pavel Oimeke said “Kenya cut its fixed-price purchase contract for a state-owned 50-megawatt solar plant by half because the project was financed using concessional funds”

     
    The East African nation, which has an electricity supply deficit, is boosting production from renewable sources including geothermal. . .

  • KOPA Solar Secures New Round of Funding

    Posted on :Wednesday , 11th April 2018

     KOPA Solar has secured a new round of funding that will be used to extend their presence across Africa.

     
    According to ITWebAfrica, The investment amount, which is undisclosed, includes a first-ever $10 million investment from FinDev Canada.
     
    Led by U.K. government-owned investment company CDC, a previous investor in the Kenyan comp. . .

  • Kenya- Unilever Tea to install 600kW solar power plant

    Posted on :Friday , 6th April 2018

     By mid-2018, the plant is expected to start producing power with Unilever to pay monthly power bills generated by Cross Boundary Energy who will finance and operate the plant for 15 years.

     
    The solar plant is the first commercial and industrial power purchase agreement for the company in Africa and is expected to deliver substantial savings on power costs and r. . .

  • Things Looking Up For the Solar Sector in Africa

    Posted on :Wednesday , 14th March 2018

     The co-founder and president of Lumos Global, Nir Marom, says the solar industry on the continent is booming, driven by largely unmet demand for energy.

     
    "The fundamentals haven't changed, a huge unmet demand for energy, increasing mobile connectivity, and abundant solar resources altogether mean that we expect exponential growth in 2018," said Marom.. . .

  • Solar Energy to Be Provided To Residents By Busia

    Posted on :Tuesday , 13th March 2018

     Busia County has partnered with RVE.SOL Company to provide reliable and adequate solar-powered electricity to residents.

     
    The two parties signed an agreement recently. The company will develop, operate and maintain solar mini-grids and offer high quality renewable and sustainable energy. They will also drill boreholes.
     
    RVE.SOL chi. . .

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