AFDB APPROVES GRANTS FOR SMALL RENEWABLE ENERGY PROJECTS

The African Development Bank under its Sustainable Energy Fund for Africa (SEFA), has approved a US$760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction.

The grant will support a broad range of project preparation and development activities. These will include; technical feasibility studies, legal due diligence, environmental and social impact assessment, quality assurance and risk management.

The African Development Bank’s SEFA to fund the development of small-scale #renewableenergy projects across SSA. The grant will support a range of project preparation & development activities, including technical feasibility studies & quality assurance. https://t.co/9ZbMAIcaX6 pic.twitter.com/2FRoUBxnrb

— African Development Bank Group (@AfDB_Group) April 21, 2020

EmNEW will invests in small and medium-scale renewable energy projects in Africa, with a focus on solar power, hybrid, and hydro technologies through the Empower invest fund.

Read full details on AFDB.org

Click on the floating icon on the right to subscribe. More so, please share, Follow us on Twitter and don’t forget to also like us on Facebook.