Pay-as-you-go solar pioneer Azuri Technologies and the Electrification Financing Initiative will feature at the UN Climate Change Conference COP24 this week to showcase how innovative financing in the off-grid solar sector is helping millions across Africa access affordable, renewable, clean energy.

Read more: Azuri And Electrifi At COP24 To Showcase How...

NAIROBI, Kenya, December 18, 2018/APO Group/ --

GE’s flagship onshore wind project in Sub-Sahara Africa— 60 1.7-103 units; GE EFS (www.GEEnergyFinancialServices.com) and Renewable Energy partner to deliver 100MW wind power project in Kenya; Kipeto will produce enough electricity to power the equivalent of 40,000 homes

GE Renewable Energy (www.GE.com/RenewableEnergy) and GE Energy Financial Services (“GE EFS”) have partnered to provide technology and facilitate debt financing for its flagship onshore wind project in Sub-Sahara Africa. Kipeto Energy Plc (“Kipeto”) 100-megawatt (MW) wind power project is located south of Nairobi, in Kajiado, Kenya.

GE Renewable Energy will provide 60 of its highly efficient GE 1.7-103 turbines and a 17km (220KV) transmission line to carry the power to Isinya substation in Kajiado County, providing power to the equivalent of approximately 40,000 homes in the region. The 100MW Kipeto wind power project will provide clean energy to the national grid as a significant contribution to Kenya’s Vision 2030 and Big Four Agenda. The project is expected to reach commercial operation in 2020.

Peter Wells, GE’s Onshore Wind Regional Director for Europe and Sub-Saharan Africa, said: “GE is incredibly proud to be a part of this exciting endeavor. The Kipeto project is an important step forward in providing affordable, reliable clean energy to the region, and meeting Kenya’s renewable energy goals. We look forward to working with our partners on the journey for years to come.”

The Kipeto wind power project, which reached financial close yesterday, is funded by equity from Actis and a Kenyan company, Craftskills Wind Energy International, alongside senior debt from the Overseas Private Investment Corporation (OPIC), the United States government's development finance institution (DFI). GE EFS provided advisory support which facilitated OPIC’s financing and will help to enable Kipeto to begin construction of the second largest wind farm in Kenya with GE wind turbines. 

Subha Nagarajan, Managing Director, GE EFS’ Global Capital Advisory, said: “Kipeto represents our ability to identify and connect capital from leading government agencies to emerging markets, and enable construction of GE’s wind projects in new markets. The project lays foundation for cleaner and more reliable energy for the local communities in the future.”

GE Renewable Energy will also provide operations and maintenance services for the project. It is anticipated that more than 400 job opportunities will be created during the construction phase of the project and an additional 70 permanent jobs during the operational phase.

The Kipeto project was originally conceived by Craftskills Wind Energy International, with support from GE.  AIIM and IFC InfraVentures co-developed the project with Craftskills from 2014 until early 2018, executing a 20-year Power Purchase Agreement (PPA) with Kenya Power and Lighting in 2016. 

Kipeto Energy Plc has leased 70 square km of land in the Esilanke area of Kajiado county including reaching agreement for the relocation and rehousing of local families. The local Maasai community will also receive 5% of annual dividends once the plant opens in 2020.

Read more: GE Connects Financing and Turbine Technology to...

ABIDJAN, Ivory Coast, December 9, 2018/APO Group/ --

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week.

Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which is leading the project.

The Initiative aims to develop and provide 10 GW of solar energy by 2025 and supply 250 million people with green electricity including in some of the world’s poorest countries. At least 90 million people will be connected to electricity for the first time, lifting them out of energy poverty.

Currently, 64% of the Sahel’s population - covering Senegal, Nigeria, Mauritania, Mali, Burkina Faso, Niger, Chad, Sudan, and Eritrea - lives without electricity, a major barrier to development, with consequences for education, health and business.

By harnessing the exceptional solar resource in the region, AfDB and its partners hope to transform the region.

Magdalena J. Seol in the AfDB’s Desert to Power Initiative said:

“Energy is the foundation of human living - our entire system depends on it. For Africa right now, providing and securing sustainable energy is in the backbone of its economic growth.”

“A lack of energy remains as a significant impediment to Africa’s economic and social development.”

The project will provide many benefits to local people, said Ms Seol: It will improve the affordability of electricity for low income households and enable people to transition away from unsafe and hazardous energy sources, such as kerosene, which carry health risks.

Construction of the  project will also create jobs and help attract private sector involvement in renewable energy in the region.

Many women-led businesses currently face bigger barriers than men-led enterprises to accessing grid electricity - so the project has the potential to increase female participation in economic activities and decision-making processes.

The project has been launched in collaboration with the Green Climate Fund, a global pot of money created by the 194 countries who are party to the UN Framework Convention on Climate Change (UNFCCC), to support developing countries adapt to and mitigate climate change. The program is designed to combine private sector capital with blended finance.

“If you look at the countries that this initiative supports, they’re the ones who are very much affected by the climate change and carbon emissions from other parts of the world,” said Ms Seol.

“Given this, the investments will have a greater effect in these regions, which have a greater demand and market opportunity in the energy sector.”

“Women are usually disproportionately negatively affected by energy access issues. Providing a secure and sustainable electricity creates positive impact on gender issue as well.”

The African continent holds 15% of the world’s population, yet is poised to shoulder nearly 50% of the estimated global climate change adaptation costs, according to the Bank.

These costs are expected to cut across health, water supply, agriculture, and forestry, despite the continent’s minimal contribution to global emissions.

However, the International Renewable Energy Agency estimates that Africa’s renewable energy potential could put it at the forefront of green energy production globally.

It is estimated to have an almost unlimited potential of solar capacity (10 TW), abundant hydro (350 GW), wind (110 GW), and geothermal energy sources (15 GW) - and a potential overall renewable energy capacity of 310 GW by 2030.

Other renewables projects in Africa include The Ouarzazate solar complex in Morocco, which is one of the largest concentrated solar plants in the world.

It has produced over 814 GWh of clean energy since 2016 and last year, the solar plant prevented 217,000 tons of CO2 being emitted. Until recently, Morocco sourced 95% of its energy needs from external sources

In South Africa, the Bank and its partner, the Climate Investment Fund, have helped fund the Sere Wind Farm -  46 turbines supplying 100 MW to the national power grid and expected to save 6 million tonnes of greenhouse gases over its 20 year expected life span. It is supplying 124,000 homes.

COP24 is the 24th conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). This year countries are preparing to implement the Paris Agreement, which aims to limit the world’s global warming to no more than 2C.

Read more: Huge desert solar initiative to make Africa a...

Curtain falls on Conference of the Parties (COP24) in Poland: African Development Bank more resolute than ever to fight against climate change in Africa During the two weeks of the conference, the African Development Bank assumed its role as primary champion of African interests and a steadfast supporter of African negotiators ABIDJAN, Ivory Coast, December 18, 2018/APO Group/ -- The curtain has fallen on COP24 (www.COP24afdb.org), this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement on specific parts of the 'rulebook' to be applied  from 2020 by the 197 signatories of the Paris Agreement (https://bit.ly/2S8gLZH), to limit global warming to 2°C-1.5°C relative to pre-industrial levels. Intense negotiations,  modest progress, determined African negotiators For two years, the 50 African countries that have ratified the Paris Agreement focused on the need to construct a specific, transparent framework for climate finance. African negotiators – including the AGN, supported by the Bank (https://bit.ly/2QAJE3Y) – have also been negotiating to have  developed countries, largely responsible for gloabal warming, to implement their  commitments. Developed countries are required to help developing countries conduct their ecological transition in line with  the Paris Agreement made in December 2015.  The Bank fulfils  its role as Africa’s spokesperson and leader During the two weeks of the conference, the African Development Bank assumed its role as primary champion of African interests and a steadfast supporter of African negotiators. In addition to its role as purveyor of knowledge, experience and expertise, it organised 50 panel discussions and conferences at its Pavilion (https://bit.ly/2SHF5kS), which bubbled with a wealth of views shared by 30  experts who led discussions across the subject of climate change in all its dimensions: water and sanitation (https://bit.ly/2BuX0Vd), agriculture and forestry (https://bit.ly/2EBFJxE), transport and urban development (https://bit.ly/2EBd37P). The gender dimension, the role of civil society and the private sector (https://bit.ly/2SVlAWs), meteorology and related technologies (https://bit.ly/2SVlAFW), renewable energy (https://bit.ly/2ECgoUg) and implementation of Nationally Determined Contributions (https://bit.ly/2rKxN4E), were other topics discussed. Every day from 3 to 14 December 2018, about 200 people on average particated in events organized by the Bank (https://bit.ly/2SHF5kS) – working either alone or in cooperation with partners. The Bank opened its COP24 activity with Africa Day (https://bit.ly/2UWly2q ), organized in collaboration with the African Union, the United Nations Economic Commission for Africa and NEPAD. And it closed its Pavilion’s doors on the last day of the Summit with an equally symbolic event – a debate that brought together young leaders from the continent and elsewhere, journalists, experts and activists, all actors in the fight against climate change. The Bank is more resolved than ever to continue its work to combat climate change in Africa and its advocacy work to defend the continent's interests. Combating climate change: never give up "We see women who are losing their livelihoods; we see hungry children; we see communities reduced to dust by tornadoes and hurricanes. That's what motivates us, that drives us, that makes us redouble our efforts to work to reduce the adverse effects of climate change on our communities," said Anthony Nyong, Director of the Bank's Climate Change and Green Growth Department at COP24. Nyong continued, "we will continue to work with those who are conscious of the urgency and the need to respond to the challenges facing Africa, and that is what we're going to focus on: ensuring that Africa has the resources it needs, so that climate change does not completely negate the  progress that the continent has made. We want to carry on building on the gains made, not make them all over again to then see them destroyed." Because the urgency is right there... the final decision of the COP 'insists on the urgency of greater ambition', but it does not lay down any time span and this does not bode well for developing countries in general or for African countries in particular, since they are among the most affected in the world by climate change (https://bit.ly/2Ev8Ode). So, COP25, to be held in Chile, is already in our diaries. For the African Development Bank, the 'fight' continues and the Bank is determined to stay on the front line - allways defending the interests of its 54 Member States and their people. Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:

Faïza Ghozali

African Development Bank COP24 Communications Officer

Communications and External Relations Department

E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Sonia Borrini

Communications Officer and Knowledge-Management Specialist

Climate Change and Green Growth Department

E: This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information, please go to our dedicated web site: www.COP24afdb.org

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Read more: Curtain falls on Conference of the Parties...

SMA Solar Technology AG will supply 21 SMA Medium Voltage Power Station to the biggest PV power plant in West Africa. In Paris, representatives from SMA and Akuo Energy – France’s biggest independent producer of renewable energies – have now signed contracts. The 50 MW KITA solar farm in Mali is scheduled to be connected to the utility grid in 2019.

Read more: SMA Supplies Technology To The Largest PV Power...

NAIROBI, Kenya, December 18, 2018/APO Group/ --

GE’s flagship onshore wind project in Sub-Sahara Africa— 60 1.7-103 units; GE EFS (www.GEEnergyFinancialServices.com) and Renewable Energy partner to deliver 100MW wind power project in Kenya; Kipeto will produce enough electricity to power the equivalent of 40,000 homes

GE Renewable Energy (www.GE.com/RenewableEnergy) and GE Energy Financial Services (“GE EFS”) have partnered to provide technology and advisory support for its flagship onshore wind project in Sub-Sahara Africa. Kipeto Energy Plc’s (“Kipeto”) 100-megawatt (MW) wind power project is located south of Nairobi, in Kajiado, Kenya.

GE Renewable Energy will provide 60 of its highly efficient GE 1.7-103 turbines to the Kipeto project, providing power to the equivalent of approximately 40,000 homes in the region. The 100MW Kipeto wind power project will provide clean energy to the national grid as a significant contribution to Kenya’s Vision 2030 and Big Four Agenda.  The project is expected to reach commercial operation in 2020.

Peter Wells, GE’s Onshore Wind Regional Director for Europe and Sub-Saharan Africa, said: “GE is incredibly proud to be a part of this exciting endeavor. The Kipeto project is an important step forward in providing affordable, reliable clean energy to the region, and meeting Kenya’s renewable energy goals. We look forward to working with our partners on the journey for years to come.”

The Kipeto wind power project, which reached financial close yesterday, is funded by equity from Actis and a Kenyan company, Craftskills Wind Energy International, alongside senior debt from the Overseas Private Investment Corporation (OPIC), the United States government's development finance institution (DFI).

Subha Nagarajan, Managing Director, GE EFS’ Global Capital Advisory, said: “Kipeto represents our ability to identify and connect capital from leading government agencies to emerging markets, and enable construction of GE’s wind projects in new markets. The project lays foundation for cleaner and more reliable energy for the local communities in the future.”

GE Renewable Energy will also provide operations and maintenance services for the wind turbines. The Kipeto project was originally conceived by Craftskills Wind Energy International, with support from GE.  AIIM and IFC InfraVentures co-developed the project with Craftskills from 2014 until early 2018, executing a 20-year Power Purchase Agreement (PPA) with Kenya Power and Lighting in 2016.

Read more: CORRECTION: GE Connects Financing and Turbine...

KATOWICE, Poland, December 14, 2018/APO Group/ --

That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week.

Research shows that when women are involved in decision making, agreements on the environment are more likely to be ratified and projects around natural resources, such as water, are more likely to succeed. 

If given access to education and finance, African women can contribute to finding technological solutions and driving the continent’s renewable energy industry too. 

“When you empower women in the context of climate change you empower a family, a community and a country,” says Dana Elhassan, senior gender expert at the African Development Bank (www.AfDB.org), which allocates international funds to development projects. 

“You cannot solve a problem with half the team. A lot of the unpaid work that women do, such as collecting firewood and water, and caring for the family, are massively affected by climate change - so we have to make sure adaptation initiatives address their needs, vulnerabilities and potential.”

Women as agents of change

Studies show that when women are part of decision making, ratification of multilateral agreements on the environment are more likely, adds Mafalda Duarte, head of the $8.3 billion Climate Investment Fund, one of the largest climate financing instruments in the world. 

There is also strong evidence that women play a vital role in dealing with disasters by mobilising communities - something that will become increasingly important as climate change advances, she says.  

“Discourse is quite tilted to considering women as victims of climate change - but we are agents of change and if we are perceived as such this will make a big difference,” says Ms Duarte. 

“Our empowerment represents greatly under-utilised opportunities to build our economies and tackle climate change.”

When women are empowered - given access to finance, assets and decision making - there are big impacts across sectors, she adds. 

“Renewable energy is traditionally seen as a male sector but if you are deliberate in giving access to women, they become entrepreneurs and help us push forward that agenda,” says Ms Duarte. 

Women can drive business and technology solutions

When women are empowered equally to men there is a massive leap forward in economic gains: a recent McKinsey study found that if women were participating economically as much as men, they would be adding 28 trillion dollars to global GDP by 2025.

In Africa, lack of access to finance has resulted in an estimated $42 billion financing gap

for women entrepreneurs across business value chains.

Yet unlocking African women’s ingenuity and giving them access to finance could generate technological advancements that help deal with climate change, believes the African Development Bank. 

As mobile phone technology has proven, Africa is capable of leapfrogging into an era of digitisation, which minimises risks and cuts costs of doing business. 

African women have shown potential to compete in this digital work-space – Mfarm, AppsTech, JuaKali, Nandimobile, Hehe Ltd, Obami, DotNxt, are only a few of the women-led tech startups in Africa listed by Forbes.

“If we women are given the right platforms, we will achieve the change we wish to see in the world,” says Ms Duarte. 

Unlocking investment in African women holds incredible return and transformational impact

potential. Women form the backbone of African economies, accounting for a majority of small- and medium-sized businesses and dominating the agriculture sector as primary producers and food processors,

COP24 is the 24th conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). This year countries are preparing to implement the Paris Agreement, which aims to limit the world’s global warming to no more than 2C.

Read more: Empower women to help save Africa from climate...

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