#funding

The spending will be made over the next decade and comes as major economies invest billions to support clean energy projects.

While some of the money may come from the Just Transition plan that wealthy nations have pledged to back with funding, private funding is also being considered.

Funding for a $900 M multinational power transmission line between Mauritania and Mali has been mobilised.

Kenya, Nairobi: German Chancellor in Kenya has launched upgrading projects at the Olkaria geothermal plant, providing $76.4 M (€70 M) co-funding.

The US Department of Energy (DOE) has announced a $38 M funding opportunity for National Laboratories to advance key research and development.

Ghana, Accra: The African Development Bank (AfDB) has approved a grant of $28.5 M to Ghana for the construction of renewable energy infrastructure.

Germany, Berlin: Electricity transmission operators in Germany estimate the electricity consumption in the country will be doubled by 2045.

Gambia, Banjul: The European Union has announced it will provide a grant for the acceleration of “Gambia Renewable Energy” project implementation.

USA: Connecticut, Massachusetts, Maine and Rhode Island have proposed to build up to three new HVDC transmission lines for offshore wind in New England.

Canada, Toronto: The federal government of Canada will donate seven power transformers to help restore Ukraine’s electrical grid.

USA, Washington D.C.: The US Department of Energy (DOE) has reserved $300 M to help rural communities ensure climate resilience and get affordable energy.

The US Department of Energy has announced $48 M to improve semiconductor materials and devices for improved control and protection of the power grid.

USA, Washington, D.C.: The US Department of Energy’s (DOE) Grid Deployment Office (GDO) is working on the allocation of $1 B to Puerto Rico.

USA, Washington, D.C.: The US Department of Energy has announced $50 M in funding to support clean energy projects on Tribal lands.

Iberdrola has signed a $159 M (€150 M) loan agreement with the European Investment Bank (EIB) to build 400 MW of wind and PV solar projects in Italy.

The Biden administration is to provide the $13 B funding to support the expansion and modernisation of the national power grid.

The Transmission Company of Nigeria (TCN) has received eight new power transformers under the World Bank funded Nigerian Electricity Transmission Project.

The APPA has expressed disappointment the funding to ramp up the production of distribution transformers has not been supported.

Asian Development Bank (ADB) will be supporting Tripura Government with $220 M to undertake a major power sector revamp in the northeastern state.

The new Norwegian Climate Investment Fund managed by Norfund and KLP invested $11 M into an Indian transmission project in Karanataka.

Federal Government, through the Transmission Company of Nigeria has completed 105 projects between 2015 and 2022 to strengthen power transmission networks.

Financing for the Singrobo-Ahouaty 44 MW hydropower project in Côte d’Ivoire has reached financial close.

The EBRD, GFC and EU partner on a finance package of up to $26.7 M (€25 M) to Banque Centrale Populaire (BCP) to support a green transition in Morocco.

Ukraine’s grid operator Ukrenegro has secured $314 M (€300 M) in loans from the European Bank for Reconstruction and Development (EBDR)

South Africa, France and Germany have signed loan agreements to each extend $300 M in concessional financing to support South Efrica’s energy transition.

The World Bank Group announces a major initiative to electrify sub-Saharan Africa (SSA) with distributed renewable energy.

Rwanda: The government of Rwanda has committed to channel Rwf 500 B ($473 M) to support its universal electrification efforts.

USA, Washington, D.C.: DOE seeks public input on new program to improve energy systems in areas with fewer than 10,000 people.