(windpowermonthly/Craig Richard, 4 April 2018)
ate utility Eskom has signed the last of 27 long-delayed power purchase agreements (PPAs), according to energy minister Jeff Radebe. The contracts cover 2.3GW of renewable energy projects, with wind accounting for 1.4GW of this total. Developers had won allocations in tenders carried out under South Africa’s renewables procurement plan (REIPP) in April 2015. But Eskom delayed signing the power deals, citing overcapacity resulting from the country’s economic downturn and slumping energy demand.Critics, however, suspected the regulator was reserving capacity for coal and nuclear companies.
(Scatec Solar, March 6, 2018
Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM) have closed debt financing and initiated construction of a 40 MW solar plant in Mozambique. The project debt financing is provided by IFC, the International Finance Corporation, a member of the World Bank Group, and the Emerging Africa Infrastructure Fund.
(Press Release/Afdb ,07/03/2018)
At its 19th Board Meeting in Songdo, South Korea, the Board of the Green Climate Fund (GCF) has approved the first funding proposal of the African Development Bank for Zambia’s Renewable Energy Financing Framework. The GCF will provide a US$ 50 million loan and a US$ 2.5 million grant