The African Development Bank, through its public and private sector departments, is currently implementing several clean energy projects and programs to address these priorities particularly in the energy and forestry sectors. The Bank's energy portfolio currently stands at about USD2 billion. The AfDB provides two lending windows. The first is a public window, with mostly concessional funds available to governments. The second is a private window, which offers debt and equity on commercial terms. The World Bank Group and the African Development Bank are in the process of applying to the Clean Technology Fund (CTF) Trust Fund Committee for use … Continue reading →
Morocco, being the largest energy importer in North Africa, is making concerted efforts to reduce its reliance on imported fossil fuels. Renewable energy is an attractive proposition as Morocco has almost complete dependence on imported energy carriers. Morocco is already spending over USD 3billion a year on fuel and electricity imports and is experiencing power demand growth of 6.5 per cent a year. The National Energy and Energy Efficiency Plan was launched in 2008 which aims to develop renewable energy to meet 15 percent of the country’s energy demand and to increase the use of energy-saving methods. According to the Moroccan Ministry … Continue reading →
Africa has huge renewable energy potential with some of the world’s largest concentration of alternative energy resources in the form of solar, wind, hydro, and energy. Overall, 17 countries in sub-Saharan Africa are in the top-33 countries worldwide with combined reserves of solar, wind, hydro, and geothermal energy far exceeding annual consumption. Most of the sub-Saharan countries receive solar radiation in the range of 6-8 kWh/m2/day, which counts among the highest amounts of solar radiation in the world. Until now, only a small fraction of Africa’s vast renewable energy potential has been tapped. The renewable energy resources have the potential … Continue reading →
An ambitious project concerning energy industry in Africa between Morocco and Nigeria was set to be constructed to enhance the acceleration of electrification projects across the West African region. The objective of Morocco-Nigeria pipeline project is aimed at creation of a competitive regional market of electricity, and to connect gas resources from Nigeria to West African countries including Morocco. The pipeline project will be approximately 5,660-km long and its construction works will be in phases covering 25 years. After feasibility studies in 2017, the two countries opted for a combined onshore-offshore route to build the pipeline. The two countries are … Continue reading →
With a sixth of the world’s population, Africa generates a measly four percent of the world’s electricity, three-quarters of which is used by South Africa and northern Africa. According to World Bank statistics, more than 500 million Africans (almost two-thirds of the total population) have no access to “modern energy.” Hydropower accounts for around 45% of electricity generation in sub-Saharan Africa (SSA) while biomass (mostly firewood) constitutes about 56 percent of all energy use in sub-Saharan Africa. Large-scale use of forest biomass is accelerating deforestation, and the World Bank estimates that 45,000 square kilometers of forest were lost between 1990 … Continue reading →
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