African Development Bank

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 [...]

First Concentrated Solar Power (CSP) plant in Africa awarded by the African Development Bank

With 160 hectares and located 81 km south of Oujda and about 30 km from the Algerian border, Ain Beni Mathar was opened on May 12, 2010 as the first concentrated solar thermal plant in Africa.

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.