5 Power Africa updates
Ghana, Ethiopia, Kenya, Liberia, Nigeria, and Tanzania are poised to revolutionize their energy sector in conjunction with the Power Africa initiative. Community Renewable Energy believes that renewable energy can transform the lives of millions of people, and we celebrate the nations’ progress. Here’s a round-up of the latest news.
- The World Bank is supporting renewable energy more than ever before. As Jacques Jimeno writes, “A recent report on the bank’s energy lending shows funding for renewable sources of energy reached $3.5 billion in fiscal year 2014 — 38 percent of total lending for power generation and up nearly 126 percent from renewable energy lending in fiscal 2013.” World Bank President Jim Yong Kim said that they would support Power Africa nations with $5 billion.
- Ghana has launched a solar power training program, which will help the nation meet its goal to boost solar power generation capacity from 2,000 megawatts to at least 5,000 megawatts in six years. Trainees will learn the intricacies of installation, maintenance, repair.
- Rwanda is now home to the largest solar power plant in East Africa. The government has supported the plant, located in Agahozo Shalom, with a 25-year power purchase agreement.
- Bloomberg New Energy Finance estimates that the three largest markets for utility-scale green energy will be Ethiopia, Kenya, and South Africa.
- Nigeria will add 2,480+ megawatts of renewable capacity by next year.