Market News

  • Uhuru Project Makes Kenya One of World's Leading Wind Power Producers

    Posted on :Monday , 25th July 2022

    Kenya is among the top 10 countries in the world producing electricity through wind power, thanks to the Lake Turkana Wind Power (LTWP) launched by President Uhuru Kenyatta.

     

    According Ember’s Global Electricity Review 2022, Kenya was ranked 9th biggest producer of wind energy globally and the top in Africa.

     

    This is even as the sector's in. . .

  • South Sudan and Ethiopian Signs MoU for Electricity Supply

    Posted on :Monday , 20th June 2022

    • EEP signs 100MW sales agreement with South Sudan

     

    • The first step of the power purchase plan is a feasibility study

     

    • The study is to be completed within a year, and construction within two years

     

    Ethiopian Electric Power (EEP), the country’s state-owned power . . .

  • KENYA: Menengai III Geothermal Power Plant to Be Commissioned In December 2022

    Posted on :Monday , 20th June 2022

    Renewable energy producer Sosian plans to commission the Menengai III geothermal power plant in December 2022. Located in the Rift Valley in western Kenya, the plant will have a capacity of 35 MWe.

     

    The share of geothermal energy in Kenya’s electricity mix is expected to increase before the end of 2022. Sosian Energy, the developer of the Menengai III geothe. . .

  • GHANA/KENYA: EDFI Lends USD3 Million to Redavia to Solarize Businesses

    Posted on :Friday , 20th May 2022

    The Electrification Finance Initiative (EDFI ElectriFI) is signing a new US$ 3.1 million loan for Redavia. The German company will use the loan to provide solar power to businesses and industries in 2 African countries.

     

    The partnership between the Electrification Finance Initiative (EDFI ElectriFI) and Redavia is growing stronger. The European Union (EU)-funded facility is pr. . .

  • RWANDA: AfDB Finances Electrification of 77,400 Homes with a $180 Million Loan

    Posted on :Thursday , 19th May 2022

    The African Development Bank (AfDB) Group has announced the release of $180 million to Rwanda. This is a loan to finance a project to electrify rural areas, mainly in the south of the country.

     

    Of the $180 million in financing granted to Rwanda, $140 million represents a loan from the African Development Bank’s (AfDB) sovereign window. The other $40 million . . .

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