African Renewable Energy Fund raises $200 million

first_imgAfrican Renewable Energy Fund raises $200 millionThe fund supports small to medium-scale renewable energy projects in sub-Saharan Africa and provides both financial assistance and technical experience essential for smaller renewable schemes being implemented for the first time. September 22, 2015 Edgar Meza Legal Manufacturing Markets Markets & Policy Share The African Renewable Energy Fund (AREF) has raised $200 million of committed capital to support small to medium scale projects in sub-Saharan Africa. The fund aims to invest between $10 million and $30 million in 10 MW to 50 MW power projects and expects to build a total of 200 MW to 250 MW of capacity in sub-Saharan Africa (not including South Africa), where two-thirds of the population remain without access to electricity. Headquartered in Nairobi, Kenya, AREF held its first close of $100 million in March 2014 and since that time has been investing capital in grid-connected development stage renewable energy projects, including solar, small hydro, wind, geothermal and biomass. The African Development Bank (AfDB), the European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF) are among AREF’s main investors. As the Fund’s lead sponsor, the AfDB contributed $55 million in an equity investment package as well as climate finance instruments such as Sustainable Energy for Africa (SEFA) and the Global Environment Facility (GEF) to leverage commercial and institutional investment. SEFA has additionally committed a $10 million Project Support Facility (PSF), which will provide resources to be deployed at an early stage to structure bankable deals. “AfDB is pleased to see that AREF is now fully capitalised to deliver on its pan-African mandate,” said Alex Rugamba, director of AfDB’s Energy and Climate Change Department. “We are also equally excited that SEFA and GEF participation have been catalytic in mobilizing significant amounts of commercial capital into AREF over a short time-frame; this is key for accelerating deployment of modern, clean and affordable energy in the continent.” AREF, the first dedicated sub-Saharan African renewable energy fund, is managed by Berkeley Energy, a fund manager focused on developing and investing in renewable energy projects in emerging markets. Berkeley Energy, which has offices in London, Singapore, Mauritius, Delhi and Nairobi, also manages dedicated renewable energy funds in Asia. Other investors that have backed AREF include the West African Development Bank (BOAD), Ecowas Bank for Investment and Development (EBID), FMO, Calvert Investments, CDC Group, BIO, OeEB – the Development Bank of Austria, Wallace Global Fund, Sonen Capital, Berkeley Energy and ABREC in addition to a number of other private investors. Pim van Ballekom, European Investment Bank vice president, added that as “one of the world’s largest investors in renewable energy, the European Investment Bank is committed to ensuring that new projects can be implemented around the world. This engagement is demonstrated through our support for the Global Energy Efficiency and Renewable Energy Fund, GEEREF. Our combined backing for the African Renewable Energy Fund will provide both financial support and share technical experience essential for smaller renewable schemes being implemented for the first time.”Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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Today is the last day to register to vote – Early Voting starts next week

first_imgVoters will elect local, state and federal candidates on Tuesday, November 6, and today is the last day to register to vote in that election.     Early Voting begins Wednesday, October 17.  CLICK HERE to see the full ballot.CAMPBELL COUNTY WILL HOLD A STATE GENERAL, COUNTY GENERAL AND MUNICIPAL ELECTION ON TUESDAY, NOVEMBER 6, 2018.NEW PHOTO ID REQUIREMENTS FOR ALL VOTERS:  BEGINNING JANUARY 1, 2012 FEDERAL OR TENNESSEE STATE GOVERNMENT ISSUED PHOTO ID IS NOW REQUIRED TO VOTE, UNLESS AN EXCEPTION APPLIES.  COLLEGE STUDENT ID’s WILL NOT BE ACCEPTED.  TO LEARN MORE ABOUT THE NEW LAW AND ITS EXCEPTIONS, PLEASE CALL CAMPBELL COUNTY ELECTION COMMISSION AT 423-562-9777 OR VISIT GoVoteTN.com.Per TCA §2-3-109(e)(1) and (2)  Disabled and elderly voters in inaccessible precincts have the right to come to the County Election Commission Office to vote, either during the period established for early voting or on election day. Please be advised that any disabled voter who will be voting for the first time pursuant to this provision must provide the commission with written notice by October 27, 2018 of his/her intention to vote at the commission office on election day.ABSENTEE BY MAIL DEADLINE:  October 30, 2018 is the last day to request an Application to Vote Absentee by Mail.Campbell County Election Commission does not discriminate on the basis of disability. If there are questions about needed accommodations in the voting process, please call 423-562-9777. Voters with impaired hearing can call Tennessee Relay Service at 1-800-848-0299 voice or 1-800-848-0298 TDD users.EARLY VOTING DATES:   OCTOBER 17 – NOVEMBER 1, 2018ELECTION COMMISSION OFFICE IN JACKSBORO Monday – Thursday         9:00 a.m. –   4:00 p.m.Friday                                       9:00 a.m. –   7:00 p.m.Saturday                                9:00 a.m. –   1:00 p.m.SATELLITE LOCATION – JELLICO MUNICIPAL BUILDINGMonday – Thursday        9:00 a.m. –   2:00 p.m.                   Friday                    2:00 p.m. –   7:00 p.m.                   Saturday             9:00 a.m. –   1:00 p.m. The Campbell County Election Commission Office is located at 129 Church Alley and is open from 8:00 a.m. until 4:30 p.m. Monday through Friday. CAMPBELL COUNTY ELECTION COMMISSIONPost Office Box 84Jacksboro, Tennessee  37757Jerry Sharp, Chairman                                                             Marshall McKamey, MemberLucy Lobertini, Secretary                                                                                          Jamie M. Ball, MemberAnn Ayers-Colvin, Administrator of Elections                                            William A. Baird, Member  (WLAF NEWS PUBLISHED – 10/09/2018-6AM)Share this:FacebookTwitterlast_img read more

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Clare on the double for Tipp hurlers

first_imgTipperary are looking to collect their first silverware of 2019 when they meet Clare in the Munster Hurling League final this weekend.The fixture details are expected to be published today.That’ll be swiftly followed by a second meeting between the sides in the National Hurling League opener at the end of January. Photo © Tipp FM Tipp FM Sports editor Stephen Gleeson says both games will be hotly contested.Sunday’s game will be broadcast live here on Tipp FM.last_img

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