Energy transition

The $122m project provides much needed green energy to Djibouti, which relies on fossil fuel imports to supply ailing power stations, and would have been near-impossible to build without using blended finance.

Husk Power Systems announced its ‘Africa Sunshot’ initiative at the Africa Climate Summit held in Nairobi. The goal is to have 2,500 net-zero mini-grids operating across the continent within five years.

CFM, a venture co-owned by FMO, has taken a 32% stake in Release, a Norwegian-owned developer of modular solar energy and battery storage solutions for mines and utilities in off-grid or poorly connected areas of Africa.   

CEO Andy Kuper announced the commitment during the US-UK Climate Finance Mobilisation Forum taking place in London this week.

The acquisition, made jointly with Canada’s Omers Infrastructure, is part of ABP’s tightened policy to invest more ‘with impact’ in the Netherlands.

Last week’s European Sustainable Energy Week in Brussels covered everything related to renewables and efficient energy use, including the role of private capital in accelerating the transition to clean heating and cooling.

Report finds sevenfold rise in private financing for emerging markets is required in the next decade to meet climate and energy goals.

Backed by the Private Infrastructure Development Group and the Emerging Africa Infrastructure Fund, among other investors, the new plant marks a significant milestone for Africa’s energy transition efforts

The RAI Association calls for the Dutch government to set up a fund to encourage the further transition to electric driving. Sales of electric cars in the Netherlands are down compared to last year

Clean Energy Ventures has led the financing to support UK-based OXCCU in its quest to develop and market sustainable fuel which it believes can be produced at cost parity with kerosene-based jet fuel.