Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Union Power Minister urges REC and PFC to increase market share


Here are some noteworthy cleantech announcements of the day from around the world:

Germany will contribute €100 million (~$115.45 million) to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA). SEFA is a multi-donor special fund that aims to unlock private sector investments that contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa. The funding will go to unlock private sector investment in green-baseload projects, a SEFA priority focus. Specifically, it will support technical assistance and investment in power generation, transmission, and distribution to increase penetration of renewable power in African grids. The funding follows Germany’s initial contribution to SEFA of €50 million (~$57.5 million), made in 2020.

Volvo Trucks has received an order for 100 Volvo FM Electric trucks from DFDS, Northern European shipping and logistics company. The first deliveries of the Volvo FM Electric to DFDS will start in the fourth quarter of 2022 and continue throughout 2023. The trucks will be used for both short and long transport in the DFDS logistics system in Europe. Volvo claims the FM Electric can carry a weight of 44 tons (gross combination weight) and range up to 300 km. With a top-up charging session, the distance can be extended. The vehicles can be charged via overnight depot charging. Each truck comes with an AC charger and via high power DC charging on the route.

Macquarie’s Green Investment Group (GIG) has published its annual progress report outlining its evolving business strategy, detailed green impact reporting, and introduces GIG’s approach to net zero. The report’s highlights include securing rights to develop the 1.5 GW Outer Dowsing Offshore Wind Farm in the United Kingdom and establishing partnerships to bid for offshore projects in Scotland, France, and Norway; launching Cero Generation, GIG’s specialist European solar development platform. It also includes GIG portfolio company Blueleaf Energy’s expansion into Japan, the Philippines, and India, establishing a new partnership with Heliox to deliver a pioneering charging-as-a-service solution for fleet electrification, and acquiring GIG’s first utility-scale battery storage portfolio in the UK from Capbal.


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