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South Africa

$34m injected into Africa’s first renewable energy yieldco

UK Climate Investments has fulfilled its cornerstone commitment of $34 million to help establish Africa’s first dedicated renewable energy yieldco, managed by majority black-owned fund manager Revego Fund Managers.
uk hydrogen strategy

UK Government launches Hydrogen Strategy

The United Kingdom's government plans for hydrogen to replace natural gas in powering around 3 million UK homes yearly, as well as to power transport and businesses in heavy industry.
finance SDGs

UK and Kenya embark on $184 million partnership during state visit

United Kingdom Foreign Secretary Dominic Raab welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to announce $184 million of new UK investment in Kenya.
V2G service for EV fleets

New commercial V2G service for EV fleets launched in the UK

Nissan in partnership with EDF, through EDF Group subsidiary DREEV, have launched a new commercial charging service using vehicle to grid (V2G) technology in the UK.
Mobile solar energy storage

Mobile solar energy storage unit developer gets a $1.4 million grant

Battery and energy storage firm, AceOn has been awarded a $1.4 million grant from the Innovate UK Energy Catalyst 8 Fund to accelerate development work on its mobile solar energy storage unit.
just transition

UK gets its largest battery plant to date connected to grid

Shell Energy Europe has announced what it is calling the largest battery plant in Europe, the operation of its 100MW energy storage system.
African infrastructure

Report into African infrastructure lending says market is down, but not out

Global law firm Baker McKenzie’s report New Dynamics: Shifting Patterns in Africa’s Infrastructure Funding reflects the state of African infrastructure and how major global players’ approach to infrastructure lending on the continent is changing.
solar PV clean energy

Scaling up local clean energy access in Africa and India

Peer-to-peer impact investment platform Charm Impact has successfully raised $355,046 to finance early-stage clean energy entrepreneurs in developing economies.

Somalia clears arrears owed to the African Development Bank Group

Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.
municipality mSCOA

UK reaffirms commitment to Africa’s economic transformation

The UK is the top donor to the African Development Fund (ADF), the Bank’s concessional lending arm for its next three-year cycle, ADF-15 (2020 – 2022), a position it has held for the last three replenishments.