Teaming up with AGES to develop solar PV plant in Sierra Leone

responsAbility Renewable Energy Holding (rAREH) and Africa Growth and Energy Solutions (AGES) have signed an agreement to co-develop a 25 MW solar PV project in Sierra Leone’s Bo District. The project is to be built in two phases, with construction on a 5 MW plant intended to start in 2018.

New Africa Power to develop hydro projects in Zambia

responsAbility Renewable Energy Holding, Norfund and Vineyard have teamed up to incorporate New Africa Power. The new energy joint venture plans to develop a 65 MW portfolio of small-scale run-of-the-river hydropower projects in Zambia.

responsAbility joined COP 23 side event on “De-risking Renewable Investments in Africa”

responsAbility contributed its expertise to a panel on the main barriers to the deployment of renewable energy in Africa and access to affordable financing at COP 23, the UN Climate Change Conference that was held in Bonn, Germany, in November 2017.

From river current to electricity

Small-scale power plants – planned, developed, financed, built and operated by a responsAbility-managed company – are providing a sustainable power supply for rural regions of Africa.

Renewable energy investments in Africa

To support African countries in increasing their clean energy generation, two Nordic public finance institutions (USD 19 million) have invested in a responsAbility-managed energy holding focusing on Sub-Saharan African countries. We spoke with one of them, NDF, about their contribution and the importance of partnership.

The birth of a new generation of solar projects

The 8th “Unlocking Solar Capital Africa” conference was held in Abidjan, Ivory Coast, on 25-26 October, 2017.  The event aims to drive the adoption of solar energy sources on the continent by bringing together representatives from development banks, investment funds, solar developers and other solar stakeholders.

Nordic funds invest in renewable energy in Africa

Two new Nordic equity investments will support African countries to increase their clean energy production. The Nordic Development Fund and Norfund have approved a total of USD 19 million of equity investments in a responsAbility-managed Energy Holding focusing on Sub-Saharan African countries. Other investors in the company are Germany’s KfW and Switzerland’s responsAbility Investments AG.

Private equity investment in renewable power generation in Africa

A responsAbility-managed company designed to finance, build, own and operate renewable energy projects in Sub-Saharan Africa has started construction on a 2.7 MW hydropower plant in the Republic of Rwanda. The run-of-the-river plant is located on the Mukungwa River, in the Northern Province close to the city of Musanze. It is expected to be fully operational by the end of 2018.