The Republic of Guinea-Bissau requested and obtained funds from the West African Development Bank (BOAD) to finance the construction of a 20 MW photovoltaic power plant near Bissau and two 1 MW mini-plants in Gabu and Cachungo.
Nearly 3,000 stakeholders and investors are expected to attend the 21st Africa Energy Forum in Lisbon between 11 to 14 of June. The Forum returns to Europe for its 21st year following its 20th anniversary on Mauritius, providing a platform for important energy projects to be reviewed and showcased in front of international investors.
ALER was present at the Financing Investment in Africa event which took place on February 27 in Centro Cultural de Belém, in Lisbon, organized by CIP with the support of EIB and SOFID with the objective of presenting the EIB financing instruments for the ACP region.
PFAN is a global network of climate and clean energy financing experts that aims to bridge the gap between entrepreneurs and private sector investors. There are many projects in this area that are economically viable, but what happens in low-income countries is that there is no funding to make them move forward.
The Africa-EU Renewable Energy Cooperation Program (RECP) has been successfully working with its partners in advancing the development of markets for renewable energy in Africa. ALER was one of the partners in the last 3 years, working in the promotion of renewable energy markets in Portuguese-speaking countries.