AfDB

Huge desert solar initiative to make Africa a renewables power-house

Solar projects stretching across the Sahel region are expected to connect 250m people with electricity by tapping into the region’s abundant solar resource. The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. [...]

AfDB approves $221m loan for 100 MW Redstone Concentrated Solar Power project in South Africa

The African Development Bank (AfDB) has approved a senior loan of ZAR3bn ($221m) to the 100MW Redstone Concentrated Solar Power (CSP) Project, which is expected to improve South Africa’s energy mix and accelerate the transition to renewable energy. The solar power project, located in the Humansrus Solar Park, Northern [...]

AfDB grants loan support to Noor concentrated solar power project

The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and boost economic growth in those countries. The loan support is in line with the AfDB’s New Deal on Energy [...]

Germany provides $800 million loan for Moroccan Concentrated Solar Power (CSP)

The German government has provided a €654 million ($800 million) loan for two concentrated solar power (CSP) parks under construction in Morocco’s Ouarzazate region that will have a combined capacity of 350 MW.

EU funded with 40 million euros Noor II Concentrated Solar Power (CSP) in Morocco

Support for the Noor 2 Concentrated Solar Power (CSP) and the Eolien Wind Energy (to be confirmed) programmes, worth 40 and 15 million euros respectively.

Concentrated Solar Power (CSP) in Morocco has the potential to become a renewables hub in North Africa

In the solar sector, the 160 MW Nour 1 concentrated solar power (CSP) plant in Quarzazate is a prime example of the type of project that will attract investment.

Ouarzazate Concentrated Solar Power (CSP) plant receives over US$200 million in funding from AfDB

The African Development Bank Group (AfDB) has approved two loans, totaling €176 million (US$216 million) for the second phase of the Ouarzazate Concentrated Solar Power (CSP) project in Morocco.

Abengoa’s Concentrated Solar Power (CSP) plant in South Africa Attracts $142 Million AfDB Loan

South Africa's Northern Cape province has one of the highest solar irradiation levels in the world and continues to attract a growing pipeline of concentrated solar power projects.