The EIB Board approved financing worth EUR1 billion (US$1.14 billion) for new energy investment. This includes backing a 42 MW solar project in Poland, two 500 MW solar schemes in Morocco and a 420 MW hydropower scheme in Cameroon, as well as a cross-border interconnector between Mali and Guinea and renovation of electricity distribution across Greece.
The projects will significantly increase access to clean energy and reduce dependency on fossil fuel generation.
Country updates
-
-
September 26, 2018
SENER accomplished first synchronization of Noor Ouarzazate III solar tower power plant with storage system
SENER is about to start the final tests at Noor Ouarzazate III, after completing, last August, the first synchronization of the 150 MW Concentrated Solar Power (CSP) plant to the Moroccan grid. With t...
Read more -
August 08, 2018
IFC and Gaia Energy to develop 22 projects in 9 countries in Africa
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Read more -
August 01, 2018
US firm to develop blockchain facility powered by 900 MW wind farm in Morocco
Soluna Technologies, Ltd. has announced plans to develop a 900 MW wind farm in Morocco which will power a utility-scale blockchain computing facility. The total investment required for...
Read more -
July 05, 2018
PIF of Saudi Arabia has acquired 15.2% of direct stake from ACWA Power in addition to its 9.78% ownership through a wholly owned unit
-
June 23, 2018
Khalladi wind farm has commenced operations
The 120 MW Khalladi wind facility located in Tangiers, northwestern Morocco, has been inaugurated. The MAD170 billion (US$179 million) worth project generates power for several large industrial compan...
Read more
