The Eastern and Southern African Trade and Development Bank (TDB) has closed a $4.2 million deal with Sunspot Energy Kenya Limited, a solar home system provider operating as Spark Possibilities. Sourced through TDB’s Renewables DealRoom hosted by Asoko Insight, the deal marks a milestone for the bank’s use of digital platforms to scale its financing of renewable energy projects, including off-grid and mini-grid projects and generation for industrial and commercial enterprises pursuing the electrification of nearby communities.
Since its launch in March 2021, the DealRoom has enabled TDB to build an actionable pipeline of bankable private sector projects in the renewable energy space, accelerating its deal origination. During these nine months, dozens of projects have been submitted to the DealRoom and passed toTDB.
Admassu Tadesse, TDB President Emeritus and Group Managing Director, said “TDB is pleased to be working with Asoko to expand its pipeline of renewable energy projects through its dedicated DealRoom. We hope that more businesses, and in particular SMEs, in our region will be inspired by this transaction with Spark Possibilities – the first to be sourced via the platform – and apply so that together we can contribute to reducing the energy access gap where it is needed the most“.
The financing to Sunspot will enable Spark Possibilities to offer an expanded range of solar energy solutions to more households in Kenya and to enter other markets in sub-Saharan Africa.
“Congratulations to TDB and Sunspot Energy for closing this milestone deal. Momentum is building on our Digital Engagement Platform, with this deal following close on the heels of a debt deal closed by AfricInvest via the platform earlier this month. We remain committed to supporting more efficient deal-making and greater access to opportunity through our digital engagement services,” said Rob Withagen, Asoko Insight’s co-founder and CEO.
The DealRoom continues to be an active route for deal origination for TDB’s infrastructure financing
Pipeline Vandalism Causes 504MW Alaoji GenCo to Shut Down
The reduced gas supply to the 504 megawatts (MW) Alaoji NIPP power plant in Aba, Abia State has caused the plant to shut down.
The low gas supply, according to the Niger Delta Power Holding Company Limited (NDPHC), was caused by pipeline vandalism of gas lines belonging to the TotalEnergies EP Nigeria Limited.
The gas company on Monday declared a Force Majeure event after its pipelines were vandalised on January 7, 2022.
In a letter to the NDPHC, TotalEnergies EP Nigeria Limited wrote, “The Management of Niger Delta Power Holding Company (NDPHC) Limited hereby regrets to announce the shutdown of 504MW Alaoji Power Plant on January 7, 2022.
“NOPL pipeline was vandalised on 7th January 2022 at KP41 Alaoma Etche Cluster.
“The Line Block Valve at KP38 was closed to isolate the sabotage point and depressurization of the line, this will affect gas supply to Alaoji (Power Plant) until further notice.”
“Gas supply to Alaoji Power Plant”, TotalEnergies said, has been “suspended due to this unfortunate event”.
“Preliminary investigation to determine the extent of the damage is ongoing, and repair works shall commence as soon as feasible,” the company added.
South Korea to Contribute $12.3 Million Towards the Construction of Solar Mini-Grid in Nigeria
The South Korean Government announced that it will contribute $12.4 Million towards the construction of solar mini-grids in Nigeria.
The Ambassador of South Korea to Nigeria, Mr. Kim Young-Chae disclosed this on Monday the 6th in Abuja at the Stand-alone mini-grid project presentation ceremony organized by the Korea Institute for Advancement of Technology (KIAT), in collaboration with the Ministry of Trade and Energy, ILJIN Electrical, S/D Powernics and Korea Polytechnic.
The Ambassador’s full statement was “The project to be implemented by KIAT was designed to meet rising energy demands of rural communities, by constructing solar power generation systems, in cooperation with the Nigerian Government. It involves the construction of mini-grids in non-electrified rural communities near Abuja, to ensure a stable supply of power, installation of transmission and distribution lines, supply of electric equipment and systems and training for the operation and maintenance of mini-grids The project began as a framework agreement signed by South Korea and Nigeria, and laid the foundation for technological support and related policies.
Ita Enang, the Senior Special Assistant to the President on Niger Delta also present at the event, made the following comments “For this demonstration, it is good it is in the Federal Capital Territory, but it will be better to extend it to other areas so that you will get wider buy-in. I will suggest we go to areas like Lagos, Port-Harcourt, Akwa Ibom and Kano which have a high population density.”
Project Manager, Mr Kim Dohyoung said the project will begin with project designing in April 2022 and extend until December 2024 and it will be delivered in partnership with the necessary government agencies and local businesses. He stressed that the project will boost standard solutions in the power sector, provide environmentally friendly and sustainable energy development, and help to eradicate poverty in the country.
Sunna Design Wins A €40 Million Contract to Deploy Solar Street Lighting in Rural Togo
Sunna Design, leader in connected solar lighting solutions, has signed a 40 million euro contract with the Government of Togo for the supply and installation over 24 months, and then maintenance over 12 years, of 50,000 intelligent street lamps. This contract, funded by the General Directorate of the French Treasury, is part of the larger project CIZO (“switch on the light” in mina language), which aims at electrifying 500,000 rural households, about 1.5 million inhabitants in 1,000 villages.
A pillar of Togo’s NDP (National Development Plan) deployed by the Togolese presidency, CIZO aims to speed up the modernization of the country, including ensuring universal access to electricity by 2030.
Connected lighting, a key step for rural development
Public lighting grids have an impact on rural communities’ life conditions and strengthening of the economy, by facilitating passenger and goods transport, pedestrian traffic, night work, as well as drastically reducing road accident rates and insecurity.
Solar street lights are autonomous and resilient energy sources, and the only relevant technical-economic solution to bring appropriate public lighting and connection services to off-grid areas. In Togo – where only 8% of the 8.3 million residents are connected to the grid – access to energy is a key factor for economical development. The challenge is also to promote geographical balance, in response to an unbridled urbanization phenomenon in Sub-Saharan Africa, through a planned deployment of sustainable, decentralized and smart infrastructures.
Mila Aziable, Minister Delegate to the President for Energy and Mines, says: “This partnership is the result of a shared ambition and is right in line with the Head of State’s will to achieve accessibility for all in terms of energy. We want to give a new dynamic to rural areas, make them more attractive through our contribution in all priority sectors and those of the local economy, while betting on innovative technologies adapted to our context, our time and our environment. This partnership clearly projects our country in a new dynamic, in the direction of a universal access to energy.”
Franck Riester, Minister Delegate attached to the Minister for Europe and Foreign Affairs, in charge of Foreign Trade and Economic Attractiveness: “We are proud to support Sunna Design’s sustainable public lighting project in Togo, for the benefit of more than 1.5 million inhabitants in rural areas. Under the initiative of the President of the Republic, we made Africa a priority of our international action. Central to our strategy is the will to accompany the development of infrastructures and technologies in a sustainable city. In these fields, our SMEs such as Sunna Design have an internationally recognized expertise. It is together, with our African partners, with the support of the private sector, that we must accompany the continent’s economic development.”
“The trust granted by the Togo Government – a visionary, pioneer and highly demanding partner in the fields of electrification and digitization in rural environment – acknowledges the solidity of Sunna Design’s know-how, as well as our capacity to innovate and accompany our clients over time” says Ignace de Prest, Sunna Design CEO. “That also represents a new step in our company’s transformation, now an essential partner for both urban and rural applications. The impact of the project on populations strengthens the teams’ commitment and our company’s project.”
A sustainable technological solution with a 12-year guarantee
Consisting of 50,000 connected street lights, Sunna Design’s project notably plans for:
- Solar lighting roll out in priority areas, identified and investigated beforehand via an unprecedented census study of rural infrastructures, ensuring a measurable economic and social impact of each lighting point on people
- The use of iSSL+ solutions, all-in-one connected street lights with batteries designed to resist high temperatures, produced by Sunna Design at its “Factory of the Future” labeled industrial site, in the Bordeaux region
- Operation and maintenance services during 12 years, including participation and strengthening of an ecosystem of local operators, promoting local employment
- Provision of a transparent platform for monitoring implementation and detailed performance of the solar solutions, accessible to public authorities, private and financial partners
The Togolese Agency for Rural Electrification and Renewable Energies (AT2ER), promoter of the project, was able to validate Sunna Design’s technical lead, robust equipment and track record in Sub-Saharan Africa rural areas, and finalize a unique project including performance and guarantee commitments over time.
Solar lighting related (connected) services
Sunna Design’s know-how extends beyond lighting: its solutions can integrate an ecosystem of IoT applications (connected objects), powered by the clean energy provided by Sunna Design’s intelligent solar batteries.
Autonomous and connected, these applications answer several needs in terms of connectivity, telecommunications and safety. They represent a development focus of the digital economy, another pillar of Togo’s NDP.
This innovative application has already been successfully implemented and tested by Sunna Design in Togo, in the frame of a pilot project operational since 2020, financed by the FASEP fund of the General Directorate of the Treasury. This project will allow the continuation of these experiments in some targeted areas, as well as skill improvement on the “WiFi Grid”, to offer Internet access to villages through the solar street lamps.
“This project will combine decentralized energy and broadband connectivity to provide both public lighting and Internet access to the populations. Thus, it complements our vision towards accelerating the convergence between energy and digital technology, which we will initiate by deploying optical fiber on the electric network” says Cina Lawson, Togolese Minister of Digital Economy and Technological Innovation.
A turnkey project with financing at the heart of Sunna Design’s strategy
This exemplary contract is at the core of Sunna Design’s strategy, aiming at bringing answers to its customers’ long-term issues, in the form of services. Three years after being the first company to offer Solar Lighting as a Service (SLaaS) in the United States, Sunna Design replicates the offer in Africa, and works to replicate it again. This project, carried out in Togo and financed by a direct loan from the General Directorate of the Treasury, proves that the company now has the most advanced range of technical solutions on the market, as well as the most comprehensive portfolio of services (installation, maintenance, operations, financing). This contract also marks the achievement, on a large-scale project, of the vision of solar lighting as a lever of economic and social development in rural environments, inspired by Thomas Samuel, Sunna Design’s founder, who also developed the project.
News3 weeks ago
Npower Payment: NASIMS Commence Npower Batch C October Payment, Removes November Payroll Status
Technology4 weeks ago
World Mobile, Altaeros Partner to Launch Aerostat Balloons to Connect the Unconnected in Africa
News3 weeks ago
Npower Payment: Network Instability Affected 3-Month Payment to Trainees – NASIMS
Cryptocurrency2 weeks ago
Non-fungible Tokens: Sales of NFTs Hit $25 Billion in 2021
Appointments3 weeks ago
First Bank Appoints Three New Bosses
Cryptocurrency3 weeks ago
Ethereum Whale Adds 112 Billion Shiba Inu, Now Holds $48 Million Worth of SHIB
Finance2 weeks ago
Visa Partners ConsenSys To Test Central Bank Digital Currencies With Cards, Wallets
Crude Oil3 weeks ago
Nigerian Firms to Buy $3bn Oil Stakes in Shell Nigeria