Empower in Media
AfDB invests $20M in Inspired Evolution’s Africa focused renewables fund
The African Development Bank Group (AfDB) has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period.
Why do solar power plants work inefficiently?
When choosing a solar power plant, individuals and businesses pay the most attention to its power – after all, this will determine how much electricity will be produced. Other equipment, systems and sensors that allow monitoring and analysis of the operation of the power plant are often underestimated. But they shouldn’t be: the solar power plant will be used for several decades, so various failures and poor-quality monitoring can have a significant impact on the efficiency of electricity production.
COP27 provides a once-in-a-generation opportunity to lay foundations for Africa’s clean energy future
Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system modelling of three African countries, Nigeria, South Africa and Mozambique. It finds that they can leapfrog some developed nations by not embedding inflexible fossil fuel-based systems. To enable such a massive transformation a combination of climate finance, effective planning and system reforms will be essential.