African Development Bank Group
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NEWS
Ethiopia Secures $110 million AfDB Financing for 300MW Aysha Wind Power
Ethiopia has obtained up to $110 million funding from the African Development Bank Group for the development of the 300MW Aysha Power Project, a renewable energy initiative expected to become the country’s largest wind power facility upon completion. The investment marks a significant step in Ethiopia’s strategy to expand clean energy generation, strengthen electricity supply and diversify its power mix.…
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ENERGY
New $11.3 Million Facility to Bring Clean Energy to Nearly a Million People in Africa’s Conflict Zones
The African Development Bank Group has approved a $5.65 million grant to pilot a first-of-its-kind financing mechanism designed to solve one of clean energy’s most stubborn problems: getting capital into places where commercial lenders won’t go. The Peace Renewable Energy Certificate (P-REC) Aggregation Facility, co-financed with an equivalent contribution from the Nordic Development Fund, will direct a combined $11.3 million…
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