Ongoing negotiations between Sudan, Egypt and Ethiopia aimed at reaching an agreement on filling and operation of the Grand Ethiopian Renaissance Dam are failing.
An agreement has recently been signed between Climate Fund Managers and UPC Renewables for the financing of the 30MW Sidi Mansour wind project in Tunisia.
The Africa50 investment in Egypt’s 1.5GW solar park in the Aswan desert is a prime example of an investment vehicle contributing to Africa’s growth.
Farming in Sudan often relies on diesel-powered water pumps but using solar for agriculture has increased land use and productivity by nearly 50%.
Finance and Policy
The African Development Bank has approved a $253 million loan to finance Egypt’s Electricity and Green Growth Support Programme.
Egypt’s New and Renewable Energy Authority is actively engaged in implementing solar and wind projects with a combined capacity of 3,170MW.
Algeria plans to grow its solar generation almost ten-fold to support increasing domestic demand while boosting its position as an energy exporter.
The MENA region aims to lower energy costs through renewables despite supply chain disruptions to the commercial model for privately financed power plants.
Egypt’s Industrial Modernisation Centre has approved the construction of a 90kWp solar plant for the University of Zagazig.