2030 Finance | June 14, 2017

Access Power backs three African renewable-energy projects

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Access Power is committing $7 million to a 30-megawatt solar project in Tanzania, a 9.7-megawatt hydro project in Rwanda, and a 48-megawatt wind project in Ghana.

The solar projects developer is making equity investments via its Access Co-Development Facility, which also provides technical assistance.

The projects were selected from 82 applications from 23 countries and announced at the Africa Energy Forum in Copenhagen.

Nearly half the proposals were solar projects but hydropower is also an under-tapped resource in Africa.

All but five of the 23 countries in the competition have electrification rates below 30 percent.