Renewable Energy

Inspired Evolution has launched Zafiri, a $176 million blended finance vehicle to expand electricity access across sub-Saharan Africa through distributed renewable energy.

ECOWAS has set a 48 percent renewable energy target for 2030 as over 190 million West Africans remain without electricity access, a regional parliament meeting in Dakar heard.

KEY POINTS Nigeria’s telecom operators spend hundreds of billions of naira every year keeping their networks alive on diesel. MTN Nigeria has decided it is done subsidizing that problem. The …

ECOWAS Parliament has opened a five-day meeting in Dakar to develop strategies for expanding renewable energy and rural electrification across West Africa.

Nigeria has 53 large-scale solar projects worth $11 billion currently underway as the country targets 209,000 megawatts of solar capacity by 2050.

Nigeria exported N85.7 billion worth of solar panels to the United States, Burkina Faso, India, Indonesia and Ghana in the first quarter of 2026.

Ikogosi Warm Springs Resort has saved N513 million in energy costs after a $200,000 solar investment cut the facility’s diesel dependence significantly.

Daystar Power and Sterling Bank have launched a financing model that lets Nigerian businesses switch to solar energy without heavy upfront costs.

Rwanda has eliminated 1.5 million tonnes of carbon emissions and reached 36 percent of its 2030 climate target, but a $6.2 billion funding gap looms large.

Nigeria has launched national guidelines for integrating solar mini-grids into its power grid, backed by Germany and the EU under the NESP program.