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Renewables to the Rescue

December 17, 2020
Read about African clean energy in the upcoming African Energy Series Special Report: Africa Renewables 2020 – the leading investor resource for understanding the scale of the continent’s renewable potential. Download other AES Special Reports here.
African energy is currently facing a dual challenge: global pressure for clean energy production is growing stronger by the day, yet half the population across the continent lacks access to a stable electricity supply. While decreasing costs of off-grid technology have enabled some African countries to expand their renewable strategy, reliance on coal- and fossil fuel-based generation remains widespread.
In countries such as Senegal, Egypt and Morocco, government leaders have committed to developing renewable energy as a strong component of their energy mix. Senegal recently inaugurated the Taiba N’diaye Wind Farm – its first utility-scale wind energy project – while Morocco announ ....

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ACWA Power achieves first refinancing transaction in South Africa renewables sector

ACWA Power achieves first refinancing transaction in South Africa renewables sector
December 15, 2020
Bokpoort CSP
JOHANNESBURG The ACWA Power Solafrica Bokpoort Concentrated Solar Power (CSP) plant, one of the major drivers of renewable energy in South Africa, has achieved another significant first, having announced the largest infrastructure refinancing initiative to be implemented in the country.
Project financiers, led by Investec Bank, have concluded the first refinancing transaction for Bokpoort CSP, in South Africa s pioneering Renewable Energy Independent Power Producer Procurement (REIPPP) program, marking a new era for growth and opportunity.
The ACWA Power-developed, majority-owned and managed plant achieved commercial operations date (COD) in March 2016, and has since been setting new production records, including the African continental benchmark for 13 days (312 hours) of continuous operations on O ....

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