Market News

  • KENYA: CFAO Invests In Ofgen And Enters the Solar C&I Market

    Posted on :Tuesday , 19th July 2022

    Ofgen welcomes a new investor. It is CFAO Kenya, the subsidiary of the Corporation for Africa and Overseas (CFAO) group, based in Sevres, France. It is a long-standing partnership that is being strengthened as Ofgen has installed rooftop solar power plants to supply 6 CFAO group offices, 4 in Kenya and 2 in Uganda. CFAO did not specify the value of its investment.

     

    But it will. . .

  • KENYA: Green Buildings Save $5 Million On Energy Consumption

    Posted on :Wednesday , 22nd June 2022

    Kenya is making progress in building green. According to a report published by the International Finance Corporation (IFC), the World Bank Group’s subsidiary, buildings certified as Edge (Excellence in Design for Greater Efficiencies) save at least US$5 million (Kshs 585 million) on their electricity bills each year.

     

    Specifically, these buildings are being . . .

  • Crossboundary Gets $25M for Solar Mini-Grids in Africa

    Posted on :Wednesday , 22nd June 2022

    Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure investor, has raised US$25 million from ARCH Emerging Markets Partners Limited, Bank of America and Microsoft Climate Innovation Fund to back renewable energy projects across the continent.

     

    In this round, ARCH made a US$10 million equity investment as Microsoft and Bank of America injected US$15 millio. . .

  • TANZANIA: CMR Installs 1 Mwp of Solar Power in Mango’s Hotels in Zanzibar

    Posted on :Friday , 20th May 2022

    The Mango Tree Beach Hotel Group is now powering 3 of its properties with solar energy in Zanzibar. The 3 solar systems, with a combined capacity of 1 MWp, were installed by the French group CMR.

     

    Mango Tree Beach is banking on solar power to reduce the environmental impact of its properties in the Zanzibar archipelago in Tanzania. The hotel group has just installed solar PV s. . .

  • KENYA: Solarise Connects 1.8 MW Solar System to United Aryan’s Roof

    Posted on :Friday , 22nd April 2022

    The recently commissioned plant on the roof of United Aryan’s textile factory in Kenya is equipped with 3,334 solar panels. The plant, which has a capacity of 1.8 MW, was built (EPC) by Premier Solar Solutions. The Kenyan subsidiary of Starsight Premier Energy Group carried out the project on behalf of Solarise Africa, a provider of solar energy to commercial and industrial (. . .

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