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AfDB Commits to $25Bn Climate Finance Target for 2020-25 (Int'l)
African Development Bank
Date: 2019-03-20
The African Development Bank (AfDB) reports it will double its climate finance commitments for the period 2020-2025 to at least $25 billion. AfDB adds it is on track to achieve its target of allocating 40 pct of its funding to climate finance by 2020.

The Bank's climate finance trajectory has grown from 9 pct in 2016, 28 pct in 2017, and 32 pct in 2018, according to the Afdb. (Source: African Development Bank, Website, Mar., 2019) Contact: African Developement Bank, +216 7110 3900/71103930, +216 7119 4523 - fax., www.afdb.oeg

More Low-Carbon Energy News African Development Bank ,  Climate Change,  


S. African CSP Project Finds $220Mn ADB Funding (Int'l. Report)
African Development Bank,Eskom
Date: 2018-12-05
The African Development Bank (ADB) reports it has approved $220.1 million in debt for construction of the 100-MW Redstone concentrating solar power (CSP) project in Postmasburg, near Kimberley, South Africa. The project will incorporate molten salt energy storage capacity, a 1322-kV switching station and a 34-km (21.1-mile) transmission line.

The companies behind the project are Saudi Arabia's ACWA Power, US-based SolarReserve and state-owned Central Energy Fund of South Africa, which joined the scheme this summer. The project has a 20-year PPA with South African utility Eskom. (Source: African Development Bank, Dec., 2018) Contact: African Development Bank, www.afdb.org

More Low-Carbon Energy News Eskom,  African Development Bank ,  CSP,  Solar,  


$134Mn Niger Climate Change Adaptation Funding Announced (Int'l)
Niger Basin Authority,African Developement Bank
Date: 2018-11-09
The African Development Bank (ADB) reports approval of $76 million financial package for the integrated development and climate change adaptation in the Niger Basin. The Green Climate Fund, the European Union, the Global Environment Fund, the Forest Investment Fund and the various governments will also participate bringing the total to $134 million.

The funded activities include recovery of 140,000 ha of degraded land; construction of 209 water conveyance infrastructure for agro-pastoral systems and fish farming; leveraging on the livestock and aquaculture compacts of the Technologies for African Agriculture Transformation (TAAT). The program will also touch on implementing 450 agricultural value chain development sub-projects; building climate change adaptation capacity for 1,000,000 households and operationalize a financing mechanism for natural resource management.

The Niger Basin Authority member states include: Benin, Burkina Faso, Cameroun, Cote d'Ivoire, Guinea, Mali, Niger, Nigeria and Chad. (Source: ADB, All Africa, 7 Nov., 2018) Contact: ADB, www.afdb.org/en

More Low-Carbon Energy News Climate Change,  African Developement Bank,  Climate Change Adaptation,  


Angola Scores $1Mn for Renewable Energy Investments (Int'l)
African Development Bank
Date: 2018-09-17
The Johannesbug, South Africa-headquartered Sustainable Energy Fund for Africa, managed by the African Development Bank, reports it has approved a $1 million grant to independent power producers in Angola. The grant will be used to establish a "one-stop shop" to encourage private investment in renewable energy and provide technical assistance on project procurement, contract design implementation and monitoring.(Source: African News Agency, African Development Bank, ESI, 14 Sept., 2018) Contact: African Development Bank, Amadou Hott, VP Power, Energy, Climate and Green Growth, +225 2026 3900, www.afdb.org/en

More Low-Carbon Energy News African Development Bank,  Renewable Energy,  


Zambian RfP Seeks 100 MW of Solar Energy (Int'l Report)
Zambia ,African Development Bank
Date: 2018-09-05
Via the tender, selected developers will be awarded 25-year PPAs for the sale of power to local utility, ZESCO. In Lusaka, the Zambian Ministry of Energy and the GET FiT Zambia Secretariat have issued a Request for Proposal (RfS) for the deployment of 100 MW of solar PV capacity The RfP follows the Request for Qualification phase, which was concluded in June and saw the shortlisting of 10 developers including Enel Green Power, Engie, EDF, and others. Selected developers will be granted a 25-year PPA by the local utility ZESCO.

The tender is being held under the framework of the Zambian REFiT Strategy, an initiative developed with the support of German development bank, KFW. The REFiT program aims to initially tender up to 100 MW of PV and envisages the deployment of 200 MW small- and medium-scale renewable energy projects, up to a maximum size of 20 MW. Eligible renewables include solar PV, hydro, geothermal, biomass, waste energy and wind power. The Department of Renewable Energy and Energy Efficiency at the African Development Bank has issued an expression of interest to arrange debt financing for the five 20 MW IPP solar projects. The Zambian government is aiming to deploy 500 MW of solar PV over the next few years. (Source: Zambia Ministry of Energy, PV Mag, September 3, 2018) Contact: Zambia Ministry of Energy, www.mewd,gov.zm; African Development Bank, Amadou Hott, VP Power, Energy, Climate and Green Growth, +225 2026 3900, www.afdb.org/en

More Low-Carbon Energy News Solar,  African Development Bank,  


UK Adds $73Mn to $500Mn S. African Energy Storage Project (Int'l)
UK,Energy Storage
Date: 2018-08-31
In London, the UK Gov't of Prime Minister Thersa May reports it will contribute £56 million ($73 million) to a South African energy storage fund totaling $500 million aimed at securing renewable power in South Africa by developing battery technology to store energy.

The UK contribution will come through the Clean Technology Fund, which provides funding for clean technology projects in developing countries with a focus on developing low-carbon solutions and eliminating greenhouse gas emissions.

The UK is the largest contributor to the global fund, followed by the US and Japan. The storage project is being developed by the World Bank, the African Development Bank and the South African government. (Source: Various Media, Energy Digital, 30 Aug., 2018)

More Low-Carbon Energy News Energy Storage,  Renewable Energy,  Battery,  


Increased Climate Finance Aids Caribbean Countries (Int'l)
IDB
Date: 2018-06-27
According to the Washington-based Inter-American Development Bank (IDB), a financing increase of more than 20 pct to a seven-year high of $35.2 billion from the previous year by the world's six largest multilateral development banks (MDBs) has boosted projects that help the Caribbean and other developing countries cut emissions and address climate risks.

The MDBs' latest joint report on climate financing said $27.9 billion -- 79 pct of the 2017 total -- was devoted to climate mitigation projects that aim to reduce harmful emissions and slow down global warming. The remaining 21 pct or $7.4 billion of financing for emerging and developing nations was invested in climate adaptation projects. In 2016, total MDB climate financing totaled US$27.4 billion.

The MDBs, which include the African Development Bank , the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank , the Inter-American Development Bank Group (IDB and IDB Invest) and the World Bank Group (World Bank, IFC and MIGA), account for the vast majority of multilateral development finance. (Source: IDB, Caribbean Life, 23 June, 2018) Contact: IDB, Juan Pablo Bonilla, Climate Change and Sustainability Sector Manager, Therese Turner-Jones, GM Caribbean Country Department, www.iadb.org

More Low-Carbon Energy News IDB,  Climate Change,  Climate Change Mitigation,  Climate Finance,  


AfDB Supports Kenyan Geothermal Power Project (Int'l, Funding)
African Development Bank
Date: 2018-06-15
The Ivory Coast-headquartered African Development Bank (AfDB) Climate Investment Fund (CIF) Clean Technology Fund (CTF) is reporting approval of $49.5 million in loan funding -- a senior loan of $29.5 million and a concessional loan of $20 million -- to support Quantum Power East Africa GT Menengai Ltd. 35-MW geothermal project in Kenya.

To support the project, the Government of Kenya is creating an enabling environment to enhance private sector investment through a competitive tender processes intended to lower the unit costs of geothermal power generation as well as lowering the cost of doing business in Kenya.

The project is expected to save up to 95,100 tons of CO2 equivalent and supply sufficient energy to as many as 48,800 households per year at a low generation cost of seven cents/kWh. (Source: AfDB, CPI, 10 June, 2018) Contact: AfDB, Amadou Hott, VP Power, Energy, Climate and Green Growth, +225 2026 3900, www.afdb.org/en

More Low-Carbon Energy News African Development Bank ,  Geothermal,  


Green Climate Fund Supports Zamibian Climate Efforts (Int'l)
Green Climate Fund
Date: 2018-03-05
The South Korean-based Green Climate Fund (GCF) reports it has approved $84.5 million to support two Zambian projects in the energy and agriculture sectors, state media reported. Of the total, $52.2 million will go to the Zambia Renewable Energy Financing Framework supported by the African Development Bank (AfDB) while $32.3 million will be earmarked for an agriculture development project. The share reserved for agriculture will strengthen the capacity of farmers to plan for climate risks that threaten to derail development gains, promote climate resilient agricultural production and diversification practices to improve food security and income generation, improve access to markets, and foster the commercialization of climate-resilient agricultural commodities, and mitigate the effects of climate change on the energy sector.

The GCF, part of the UNFCCC, assists developing countries in adaptation and mitigation practices to counter climate change. The GCF program in Zambia is managed by the National Designated Authority. (Source: Green Climate Fund, PR, Media Africa, 1 Mar., 2018) Contact: Green Climate Fund, +82.32.458.6000, www.greenclimate.fund; UNFCCC, www.unfccc.int

More Low-Carbon Energy News Green Climate Fund,  Climate Change,  Carbon Emissions,  


SEFA Support S.African Woody Biomass-to-Power Project (Int'l)
Biomass,Sustainable Energy Fund for Africa
Date: 2017-11-10
The Sustainable Energy Fund for Africa (SEFA) has approved US$990,000 funding to support Thala Health Care Management Services planned 10-MW agriculture, forestry and timber waste biomass-to-power plant to be located 200 km south of Durban, South Africa.

The project is expected to have a significant "demonstration effect" with regards to bioEnergy and showcase Corporate Power Purchase Agreements (PPAs) as an anchor for renewable energy power generation as well as have a significant impact on the region's economy.

SEFA is a US$95-million multi-donor facility funded by the governments of Denmark, the UK, the United States and Italy, and is hosted by the Renewable Energy Department of the AfDB. (Source: African Development Bank Group, PR, 9 Nov., 2017) Contact: African Development Bank, www.afdb.org; Sustainable Energy Fund for Africa, www.se4all-africa.org

More Low-Carbon Energy News Biomass,  Woody Biomass,  Biomass-to-Power,  


ADB Grants $1Mn for Ugandan Biomass Plant Development (Int'l)
Africa Development Bank ,Earth Energy Ltd
Date: 2017-02-03
In Kampala, the African Development Bank (ADB) has awarded $1 million in grant funding to Earth Energy Limited for the preliminary development of a 20 MW biomass power plant in northern Uganda.

According to the ADB , the increased use of renewable energy sources will help reduce deforestation activities and thus help mitigate the impact of climate change in the country.

The grant funding will support the development process of the proposed biomass power plant, including an environment and social impact assessment and a full feasibility study. The project is expected to cost between 50 and 70 million dollars. (Source: AllAfrica, The Monitor, 1 Feb., 2017) Contact: African Dev elopement Bank, www.afdb.org/en

More Low-Carbon Energy News Africa Development Bank ,  Biomass,  Deforestation,  Climate Change Mitigation,  


Morocco Plans 800-MW CSP, PV Solar Tender for 2017 (Int'l)
Moroccan Agency for Solar Energy
Date: 2016-11-16
In Marrakesh, the Moroccan Agency for Solar Energy (MASEN) reports that Morocco will issue tenders for two 400-MW, concentrated solar power (CSP) and photovoltaic (PV) technology solar power plants early in 2017. In October, MASEN invited pre-qualification bids from parties interested in building and operating the two facilities near the central town of Midelt,

The German state-owned bank KFW has agreed to provide €710-million ($768 million) in loan funding for the projects. The World Bank and the African Development Bank (AfDB) will also participate. (Source: Moroccan Agency for Solar Energy, SeeNews,15 Nov., 2016) Contact: Moroccan Agency for Solar Energy, www.masen.ma

More Low-Carbon Energy News Solar,  

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