Market News | Power & Energy Tanzania 2019

Market News

  • Better returns for Africa as it is contributing to improved use of renewable energy power across the continent

    Posted on :Friday , 3rd May 2019

    Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent.

     
    However, renewable energy resources hold nice promise and might give energy whe. . .

  • ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA

    Posted on :Friday , 26th April 2019

    Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.

    Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .

  • ENERGY NEEDS IN TANZANIA MET BY INVESTORS INVITED FOR WIND SOLAR PLANTS

    Posted on :Saturday , 13th April 2019

    As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With  a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regi. . .

  • African Development Bank Commits $25 Billion to Strengthen the Renewable Energies Sector

    Posted on :Friday , 26th April 2019

    Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025.

    AfDB said the funds would be used to boost investment in renewable energy projects . . .

  • East Africa's Power Output poised to reach 7,480MW by 2022

    Posted on :Wednesday , 3rd April 2019

     By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB)  for infrastructure projects in the region. According to multiple sources, th. . .

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