Africa

An African Development Bank (AfDB) report covering critical takeaways from the ARE Energy Access Investment Forum 2023 says that challenges in financing, policy, technology, and skills enhancement must be overcome to support the deployment of distributed renewable energy minigrids across Africa.

According to new figures from the Africa Solar Industry Association (AFSIA), the continent’s cumulative installed PV capacity reached 16 GW at the end of December, based on 3.7 GW of new annual installations.

Nextracker’s smart solar trackers are now either operational or under fulfillment for 10 GW of PV projects located in the Middle East, Africa, and India.

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region.

The Bihar-based minigrid operator, which serves rural Asia and Africa, expects to double its portfolio to 400 by year-end.

SolarX Grand Challenge aims to promote entrepreneurship and innovation and discover local solutions to meet the energy gap through solar energy solutions in the African region.

EKI Energy will invest up to INR 200 crore ($25 million) as an anchor investor in the fund with a deep focus on community development projects across remote locations in India and select countries in Africa, Asia and LATAM.

The International Solar Alliance (ISA) is overseeing bids from prospective contractors to supply, install and commission solar cold storage capacity in Senegal, Sudan, and Seychelles. Bidding is also open for two 2 MT systems in Djibouti.

The Indian multinational EPC contractor has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, in addition to overseas projects in Saudi Arabia, Africa and Thailand.

Bihar-based Husk Power Systems—which operates more than 100 mini-grids in India and Africa—recorded a 90% year-on-year growth in revenues and quadrupled business customers to 5000+. It expects the growth momentum to continue in 2021, with a 125% rise in revenues.