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Renewable energy developer Darway Coast Nigeria has raised a seven-year, fixed-rate local currency debt facility for a mini-grid programme in southern Nigeria, in the first transaction backed by the Infrastructure Credit Guarantee Company (Infracredit)’s Clean Energy Funding Programme (CEFP).
Issue 473 - 25 November 2022
Almost 50% of respondents to an African Energy survey said the certification of carbon or renewable credits is too costly or time-intensive.
New data shows African wind power capacity could rise from 7,532MW at end-2021 to an estimated 16,524MW by 2025.
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Solar photovoltaic (PV) generation is rapidly growing as a source for Africa’s C&I sector, according to trends identified by African Energy Live Data.
A net 5,733MW was added to the continent’s grid during 2021, the lowest figure since 2012.