Liberia has received a loan of around USD 8 million from the Abu Dhabi Fund for Development and International Renewable Energy Agency. The objective of the loan is to implement a solar renewable energy project in south-eastern River Gee County.

The loan for Liberia will facilitate the construction of a 2.1 megawatt run-of-river hydropower plant on the Gee River that will benefit some 30,000 rural inhabitants, APA News noted. Togo and the South American nation of Guyana are two other beneficiaries of the Abu Dhabi Fund for Development- International Renewable Energy Agency loan scheme in the area of renewable energy.

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Ten Liberian businesses will benefit from the launch of a renewable energy project funded by the European Union (EU), a release from Cities Alliance has confirmed. The launch took place on November 1, 2019, at a resort in Monrovia. Cities Alliance is implementing the project, which is titled, “Waste-To-Energy: Innovative Approaches in Greater Monrovia,” at a cost of about US$1 million. Read More here.

NEW YORK, September 23, 2019 – The United Kingdom pledged £200 million ($250 million) to the Climate Investment Funds’ Global Energy Storage Program, which in collaboration with the World Bank’s Energy Storage Partnership aims to deliver breakthrough energy storage and renewable energy solutions at scale. France’s Agence Française Développement (AFD) and the Netherlands pledged $100 million to the Solar Risk Mitigation Initiative (SRMI), with the Netherlands also announcing $20 million for the Bank’s planned Clean Cooking Fund. Read More here.

Stakeholders in the Energy sector have met in Monrovia to validate the findings of off-grid solar market assessment in Liberia. The Meeting was a one-day meeting that brought together stakeholders in the energy sector specifically solar energy. Read More here.