Power news

Zimbabwe power map, featuring the Centragrid solar project

Centragrid to commission second phase of Zimbabwe’s Nyabira solar plant

Centragrid, the project company for developer African Transmission Corporation (ATC), is in the final stages of commissioning the second phase of its Nyabira solar PV plant in Zimbabwe, in a significant step for a country that is hoping IPPs might help to solve an enduring power crisis.

The Centragrid Nyabira plant is Zimbabwe’s first utility-scale solar project wholly funded by domestic capital. ATC founder and director Victor Utedzi spoke to African Energy about the challenges overcome by the project’s second phase and the developer’s plans for phase three.

Issue 514 - 09 October 2024

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Reforms at multilateral development banks could meet Africa’s project financing challenges

Reforms to the way multilateral financial institutions approach project finance could help overcome some of the most intractable barriers to the electrification of Africa, including fears of default and high project financing costs which drive away many potential investors. To be meaningful, changes need to be principled and generally applicable, while also anchored in the often-messy reality of doing business across the continent.

African Energy is publishing the first in a series of white papers on how this problem might be solved in a way which recognises Africa’s needs and the capabilities of institutions, without introducing moral hazard.

Issue 512 - 18 September 2024

Pin Renewable energy, Thermal energy, Strategy & risk, Finance & investment

Latest Power headlines

New data: African power generation additions lowest in five years

Since 2018, Africa has seen a downward trend in annual net power generation capacity additions. Of the 4.5GW added in 2023, 1.4GW came from hydroelectric power.

New report suggests SDG7 could be achieved by 2034

African Energy staff led research for the Africa-EU Energy Partnership’s second annual European Financial Flows on SDG7 to Africa report.

Data illustrates the performance and prospects for renewable energy in Africa

The latest figures from Live Data show the direction of the continent's on-grid power generation industry over the next five years

Research underlines challenges faced by carbon and renewable credits markets

Almost 50% of respondents to an African Energy survey said the certification of carbon or renewable credits is too costly or time-intensive.

North Africa power trends: Renewable energy potential only partially met in gas-addicted region

African Energy has analysed the latest on-grid power generation data for North Africa.

White papers

Addressing the challenges facing Africa’s electric power industries.

Our first white paper is on Extending political risk mitigation for African project finance.

We welcome your comments and feedback.

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30-09-2024

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