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| African Power Platform - Newsletter #6 | ||||||||
Week 04, 2019 | |||||||||
EDITORIAL | |||||||||
Dear reader, Welcome to the sixth African Power Platform (APP) newsletter. As promised on the latest edition, our flagship program “Africa Power Access Accelerator” has now been launched and it's receiving application for the first window closing on the 31st March 2019. We have been noticing a lot of activity on the funding side, with companies and projects securing financing for their developments and growth plans. These are good news and show the positive momentum the sector if going through. 2019 will be for sure a great year with a lot of achievements for all of us. Meanwhile, the APP keeps here, serving the power industry in Africa.
Jorge Lascas Founder & Managing Director | |||||||||
FROM THE PRESS | |||||||||
AFRICA: UKCI, Investec to channel USD 72.3m into African renewables. Read the article >> UK Climate Investments (UKCI) and asset manager Investec will pour some ZAR 1 billion (USD 72.3m/EUR 63.6m) in Revego Africa Energy Ltd, a renewables yieldco that will invest in operational renewable energy assets in sub-Saharan Africa. | |||||||||
AFRICA: Dr Adesola's 'Energy in Africa' published. Read the article >> Energy in Africa: Policy, Management and Sustainability was co-edited with Professor Feargal Brennan. It is an integrated look at the energy industry in Africa that the pair hope will foster collaboration and partnership between the sectors of university, industry and institutions. | |||||||||
UGANDA: Alobo wants all Ugandans on solar power in 10 years. Read the article >> After delivering a 20MW solar project in Gomba, Dr David Alobo says he can power every Uganda in a self-financing scheme. It definitely won’t be an easy stroll, writes Alon Mwesigwa. | |||||||||
SIERRA LEONE: Bumbuna II Hydroelectric power project receives financial aid. Read the article >> ElectriFI has committed $3.5 million of development capital to finance 50% of Sierra Leone's 143MW Bumbuna II Hydroelectric power project's external development expenses. | |||||||||
AFRICA: How to Keep Africa’s Minigrids from Becoming a Bridge to Nowhere. Read the article >> A push is on to bring electricity to the nearly one billion people who lack it worldwide. But if you build it will they come? Apparently not, as some minigrid developers are finding in Sub-Saharan Africa. | |||||||||
AFRICA: AfDB to invest USD 25m in Sub-Saharan Africa renewables fund. Read the article >> The African Development Bank (AfDB) will make an equity investment of up to USD 25 million (EUR 22m) in a private equity fund for renewable energy projects across Sub-Saharan Africa. | |||||||||
NAMIBIA: InnoSun Energy inaugurates phase one of Ombepo’s wind farm. Read the article >> Namibia now has a wind farm with a capacity of 5 MW, which was recently commissioned in Ombepo, in the southwest of the country, by InnoSun Energy Holding, a Franco-Namibian company. | |||||||||
AFRICA: Bboxx Receives US$31M Minority Investment. Read the article >> Africa Infrastructure Investment Managers, though its AIIF3 fund, is taking a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of Congo (DRC). | |||||||||
EAST AFRICA: Canadians bring solar power to off-the-grid Africa. Read the article >> M-Kopa and Jaza Energy take different approaches, but their founders agree there is plenty of room for expansion in East Africa. | |||||||||
AFRICA: d.light Raises $41 Million to Finance Its Rapidly Growing Solar and Appliance Business. Read the article >> Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, led a $41 million equity investment by its Evolution II Fund and other consortium partners into d.light, which manufactures and distributes award-winning solar lighting and power for the developing world, with the goal of reaching 100 million people by 2020. | |||||||||
FROM THE MEMBERS | |||||||||
The project brings together two African multilateral institutions partnering to provide a viable solution to arguably one of the most pressing challenges facing African governments: access to competitively priced and long-term infrastructure financing. | |||||||||
TENDERS all tenders >> | |||||||||
Submission date: 28th January 2019 | Category: Consultancy Region: Senegal | Entity: African Development Bank (AfDB)
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Submission date: 4th February 2019 | Category: Consultancy Region: Algeria | Entity: AFD - Agence Française de Développement
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Submission date: 4th February 2019 | Category: Consultancy Region: Africa | Entity: African Development Bank (AfDB)
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Submission date: 13th February 2019 | Category: IPP Region: Zambia | Entity: GET FiT Zambia
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ACCELERATOR | |||||||||
The “Africa Power Access Accelerator” program, by the African Power Platform, bridges the existing gap between project developers and consultants / technology providers / financiers. First application window closes on the 31st March 2019.
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UPCOMING EVENTS all events >> | |||||||||
Date: 14 - 15 February 2019 | Location: Abidjan, Ivory Coast
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Date: 5 - 7 March 2019 | Location: Johannesburg, South Africa
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Date: 27 - 29 March 2019 | Location: Addis Ababa, Ethiopia
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UPCOMING WEBINARS all webinars >> | |||||||||
Date & Time: Tuesday, January 29, 2019 12:00 pm CET | Organizer: SEforAll
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Date & Time: Thursday, 31 January, 2019 1:30 PM CET | Organizer: ESI Africa
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FEATURED REPORT all reports >> | |||||||||
Publication date: 2018, August | Authors: USAID / Power Africa / Energy 4 Impact / NREL This report, published in support of the Power Africa: Beyond the Grid Program, explores the business model and technical challenges related to the productive use of energy in smaller micro-grids. In addition to examining the business models used by developers, this report also provides best practices for promoting the productive use of energy.
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JOIN THE AFRICAN POWER PLATFORM | |||||||||
If you want to join the African Power Platform and enjoy the full set of benefits visit our membership page or contact us This email address is being protected from spambots. You need JavaScript enabled to view it. | |||||||||
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The 4th Africa Climate Resilient Infrastructure Summit 2019 
