Africa Energy Dialogue’s Post

Africa50 Infrastructure Investment Platform has joined the International Renewable Energy Agency (IRENA)’s Energy Transition Accelerator Financing (ETAF) platform, pledging $100 million to advance renewable energy infrastructure across the continent. This partnership underscores Africa50’s commitment to sustainable development and reducing emissions while accelerating economic growth in Africa. Alain Ebobissé, Director of Africa50, highlighted the importance of investing in transformative renewable infrastructure to achieve carbon neutrality and mitigate climate change impacts. The ETAF platform will be a pivotal mechanism to scale up investments in clean energy projects essential for Africa’s sustainable future. In parallel, the African Development Bank has launched the Desert to Power initiative, aiming to harness the Sahel region's solar potential to generate 10 gigawatts of solar power by 2030. This initiative targets 11 countries and aims to provide electricity access to 250 million people, marking a significant step towards energy security and socio-economic development across Africa. #Africa50 #RenewableEnergy #SustainableDevelopment #ClimateAction #DesertToPower #EnergyTransition #IRENA #ETAF #CleanEnergyInvestment #AfricanDevelopment To read more: https://zurl.co/bkuv

The African Development Bank approved a $170 million loan to support Egypt's 1.1 GW Suez Wind Project, valued at $1.1 billion. The project, awarded the Golden License for streamlined approvals, advances Egypt's renewable energy targets. Kevin KARIUKI, AfDB Vice President for Power, Energy, Climate, and Green Growth, highlighted its significance as a transformative initiative promoting economic growth and energy security. The project underscores Africa’s renewable energy potential and the impact of partnerships in driving sustainable development. https://lnkd.in/dTRVTY-a #AfDB #GreenEnergy African Development Bank Group

The European Bank for Reconstruction and Development EBRD has approved a $275 million loan for a 1.1 GW wind farm in the Gulf of Suez, Egypt. The project, co-financed by multiple international institutions, will generate over 4,300 GWh annually and cut CO2 emissions by 2.2 million tons per year. Nandita Parshad, Managing Director of the EBRD’s Sustainable Infrastructure Group, emphasized the project’s importance, calling it the largest onshore wind farm within the bank's operational countries. It supports Egypt's goal to achieve 42% renewable energy by 2030 under the #NWFE program. This milestone underscores Egypt's leadership in renewable energy across Africa. African Development Bank Group ACWA Power Hassan Allam Utilities Rania A. Al-Mashat British International Investment DEG Deutsche Investitions und Entwicklungsgesellschaft mbH The OPEC Fund for International Development APICORP Meridiam Africa Investments https://lnkd.in/dhHaHptV

The @ European Bank for Reconstruction and Development (EBRD) partners with Meridiam and Hassan Allam Utilities, embarking on a groundbreaking journey to enhance Egypt's renewable energy sector. This collaboration is a monumental step in integrating the private sector into Egypt's energy transformation, aligning perfectly with the government's decarbonization and sustainable growth strategies. As part of the ambitious 10 GW renewables programme under the EBRD-led Nexus on Water, Food, and Energy (NWFE) initiative, this partnership is set to accelerate the implementation of renewable energy projects across Egypt. The NWFE initiative is Egypt's commitment to a sustainable future, aiming to meet its green energy goals with high environmental and social standards. 🔗 To read more about this transformative partnership and its impact on Egypt's energy sector, check out the link in the comments below! #GreenEnergy #Sustainability #RenewableEnergy #Egypt #EBRD #Meridiam #HassanAllamUtilities #NWFE #InvestInGreen

Exciting news from Tunisia as the European Bank for Reconstruction and Development (EBRD) steps in to finance the construction of a cutting-edge 10 MW solar plant in the Feriana region. This initiative underscores a significant stride towards sustainable energy in the region. The financing package, which includes a €3.9 million EBRD loan and additional concessional funding from Finland, highlights a strong commitment to climate action and renewable energy development. The project, spearheaded by European renewables developer Qair, promises to not only harness the abundant solar resources of Tunisia but also to stimulate economic growth and promote environmental sustainability. As the EBRD continues its impactful investments in Tunisia, this latest endeavor marks another milestone in the journey towards a greener, more resilient future. European developer reaches financial close on 10 MW of solar in Tunisia: https://lnkd.in/dwXyDAhd #RenewableEnergy #CleanEnergy #Sustainability #EnergyEfficiency

🌱 𝗔 𝗡𝗲𝘄 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲 𝗶𝗻 #𝗘𝗴𝘆𝗽𝘁'𝘀 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗙𝘂𝘁𝘂𝗿𝗲 ⚡️• We proudly inaugurated the Abydos Solar Power Plant in Aswan (560 MW) — a key addition to our growing renewable energy success stories. This is part of #Egypt's Country Platform for the #NWFE Program's energy pillar & contributes to our greater goal of achieving 42% renewables in the energy mix by 2030 & aiming to reduce CO2 emissions by 17 million tons annually. This project, executed by AMEA Power (subsidiary of UAE's Al Nowais Group), with support from international partners, including IFC - International Finance Corporation, Japan International Cooperation Agency (JICA) & FMO - Dutch entrepreneurial development bank, demonstrates Egypt’s dedication to expanding renewable energy capacity & promoting green investments—showcasing the strength of multi-stakeholder #partnerships. The swift completion of Abydos Solar Power Plant reinforces our shared commitment to the green transition. Since 2022, we've secured over $4.5 billion to implement projects with a total capacity of 4.7 GW within the NWFE program, underlining the importance of international cooperation & private sector engagement in advancing Egypt’s #climate agenda. #Egypt #RenewableEnergy #SustainableFuture #NWFE #GreenTransition #ClimateAction خطوة جديدة نحو تنفيذ الاستراتيجية الوطنية للطاقة المستدامة في مصر. شاركت مؤخرًا في افتتاح محطة الطاقة الشمسية أبيدوس ١ بمحافظة أسواق بقدرة ٥٦٠ ميجاوات، لتُضيف فصلًا جديدًا للتطور المُستمر في مصر لزيادة قدرات الطاقة المتجددة، من خلال برنامج «نُوَفِّي»، الذي يُعزز جهود زيادة قدرات الطاقة المتجددة إلى ٤٢% بحلول عام ٢٠٣٠، من خلال إضافة ١٠ جيجاوات وخفض الانبعاثات بنحو ١٧ مليون طن سنويًا. ونفذت المشروع شركة "إيميا باور" التابعة لمجموعة النويس الإماراتية، وبتمويل من شركائنا الدوليين؛ مؤسسة التمويل الدولية، وهيئة التعاون الدولي اليابانية، والبنك الهولندي للتنمية، وهو ما يعكس رؤية الدولة لتمكين القطاع الخاص وزيادة الاستثمارات الخضراء، من خلال الشراكات متعددة الأطراف. منذ ٢٠٢٢، حصل القطاع الخاص المحلي والأجنبي على تمويلات ميسرة بأكثر من ٤،٥ مليار دولار لتنفيذ مشروعات طاقة متجددة بقدرة ٤.٧ جيجاوات ضمن برنامج «نُوَفِّي.

𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐖𝐢𝐧𝐝 𝐅𝐚𝐫𝐦 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 $𝟐𝟕𝟓𝐌 𝐆𝐫𝐚𝐧𝐭 𝐭𝐨 𝐀𝐝𝐯𝐚𝐧𝐜𝐞 𝐄𝐠𝐲𝐩𝐭’𝐬 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲  The European Bank for Reconstruction and Development has led a $275 million grant to build Africa's largest wind farm in Egypt's Gulf of Suez, providing $200 million alongside $75 million from Arab Bank and Standard Chartered Bank.  The project, developed by Suez Wind Power, will generate 1.1 gigawatts of capacity and 4,300 GWh of annual electricity while reducing CO2 emissions by 2.2 million tonnes yearly, supporting Egypt's commitments under the Paris Agreement. The wind farm is a collaboration between Saudi Arabia's ACWA Power and HAU Energy, backed by additional funding from the African Development Bank, UK International Investment Corporation, Deutsche Investment AG, OPEC Fund, and Arab Petroleum Investment Company. The initiative forms part of Egypt's 10 GW renewable energy project under the Water, Food and Energy program, building on EBRD's existing portfolio of 194 projects worth 13.3 billion euros across Egypt. #RenewableEnergy #WindPower #Egypt #Sustainability #GreenEnergy #ClimateAction #ParisAgreement #EBRD #AcwaPower #EnergyTransition #Africa

$100 Million Partnership for Renewable Energy in Africa! 🌍 ⚡ Africa50 and the International Renewable Energy Agency (IRENA) have joined forces in a $100 million partnership to finance renewable energy projects across the continent. This collaboration is part of IRENA’s Energy Transition Accelerator Financing (ETAF) initiative, aiming to accelerate clean energy infrastructure development. This partnership, signed by Alain Ebobissé and Francesco La Camera, was formalised during the OPEC Fund for International Development (OFID) Development Forum in Vienna. Africa50’s $100 million commitment will be pivotal in funding and co-financing renewable energy projects, supporting Africa’s transition to a sustainable energy future. Key Objectives: 🌱 Contributing to carbon neutrality and tackling climate change. 🔋 Accelerating economic growth through sustainable energy solutions. Launched with the support of the UAE, the ETAF platform helps implement the Nationally Determined Contributions (NDCs) of developing countries by deploying clean energy solutions. This initiative is backed by multiple donors and international financial institutions, including OFID, ADFD, IDB, EBRD, EDB, AIIB, IFC, and private sector partners like Masdar. Read the full article from energynews.pro here: https://lnkd.in/d-Xfbk42 #RenewableEnergy #SustainableDevelopment #EnergyTransition #Africa50 #IRENA #CleanEnergy #ClimateAction

The Development Bank of Southern Africa (DBSA) and KfW have cemented a significant agreement by signing a EUR 200 million Energy Sector Reform Program Loan Facility. The program is centred on financing investments in renewable energy, energy storage systems, grid infrastructure, and green hydrogen projects - all integral components in South Africa's sustainable energy landscape. #gridmodernization #grid #infrastructure #energystorage #greenhydrogen #investment #funding https://lnkd.in/gMwEqdTQ

⚡Egypt’s energy future just got brighter ⚡ This weekend, AMEA Power’s 500 MW Abydos Solar Plant was officially launched. Backed by IFC - International Finance Corporation – IFC and partners, this landmark project is one of the largest solar projects in Africa, delivering clean, affordable energy to more than 250,000 Egyptians, reducing Egypt’s carbon footprint, and contributing to a cleaner, greener future 🌍 This project: - Reflects IFC’s strategy to increase access to clean, affordable power in Africa, where connectivity rates are among the lowest in the world; - Highlights the importance of partnerships to deliver large, privately-funded infrastructure projects; and, - Supports Egypt’s ambitious renewable energy goals, accelerating the country’s energy transition. ☀️More here: https://lnkd.in/dMWdZyZv #IFCinAfrica #PoweringAfrica #CleanEnergy #Mission300