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Press Release Database
Recent press releases, indexed by topic.
Finance · Sustainability
Hydro’s adjusted EBITDA for the third quarter of 2026 was NOK 9,089 million, up from NOK 5,996 million in the same quarter last year. Higher all-in metal prices and higher alumina prices contributed positively in the quarter, along with improved earnings in Recycling and Extrusions. The strong performance was partially offset by higher anode and … Continue reading "Correction: Norsk Hydro: Solid results and strong performance"
Oct 23 · 08:45·PressReach
Finance · Energy
Côte d’Ivoire's Poro Power solar project has received international recognition for a pioneering investment structure led by Africa Finance Corporation (AFC) (www.AfricaFC.org/), demonstrating how African capital can be mobilised to develop essential infrastructure and accelerate the transition to cleaner energy. The facility is expected to become Côte d’Ivoire's largest solar plant when operational in 2027.
The project won ESG Green Bond Deal of the Year for Africa at the recent Infra Global ESG Awards 2026 in London, while AFC received ESG Green Bond Arranger of the Year for Africa. The double honours recognise the innovation behind the Poro Power transaction and AFC's role in structuring and mobilising investment for sustainable infrastructure.
Developed by Ivorian entrepreneurs, the 66-megawatt solar plant is under construction in northern Côte d’Ivoire near the city of Korhogo. It is projected to generate approximately 136 gigawatt-hours (GWh) of electricity annually, meeting the needs of more than 100,000 households and benefiting an estimated half a million people.
Beyond providing homes, public services and businesses with reliable power, the project will help Côte d’Ivoire towards meeting its target of increasing renewable energy's share of electricity generation to 45% by 2030. The Government of Côte d’Ivoire is enabling projects such as Poro Power through its initiative to encourage local private-sector participation in large-scale renewable energy projects, led by the Ministry of Mines, Petroleum and Energy under Minister Mamadou Sangafowa-Coulibaly.
“These awards are a tremendous recognition for an Ivorian project developed to meet the needs of our own communities,” said Jean-Marc Aie, Chairman and CEO of Poro Power 1 S.A. “Our ambition is not simply to generate clean electricity, but to support businesses, create opportunities and contribute to the development of Côte d’Ivoire. The Ministry's strategy to empower local private developers to undertake large-scale renewable energy projects, together with AFC's investment and innovative financing structure, has been instrumental in bringing Poro Power to this stage.”
The €65 million financing package, equivalent to approximately FCFA 42.6 billion, was raised through a green bond — an investment instrument that enables institutions to lend money to projects delivering environmental benefits. It was the first project-finance green bond in both Côte d’Ivoire and the West African Economic and Monetary Union (WAEMU), establishing a precedent for French-speaking West Africa, and was led, structured and fully funded by African institutions. The transaction allowed investors to participate in both euros and CFA francs, making it also Côte d’Ivoire's first dual-currency green bond. Together, these features demonstrate how African financial institutions can mobilise their own capital for major infrastructure projects, using financing structures suited to African markets.
AFC invested €43 million (approximately FCFA 28.2 billion) in February 2026 and acted as anchor investor, lead underwriter and co-arranger. The equivalent of a further €22 million was raised from African investors, including local and regional banks, pension funds, insurance companies and high-net worth investors.
The bond has a 15-year term, a fixed interest rate of 8.75%, and quarterly repayments following a two-year construction grace period. The financing combines the flexibility of a bond with safeguards normally used in project finance, including first-ranking security, dedicated revenue accounts and contractual protections that separate the project's cash flows from other activities. These measures help protect investors and align repayments with the plant's expected revenues.
By bringing together AFC's investment alongside capital from other African institutions through a structure that accommodates both local and international currencies, the transaction offers a potential model for financing further renewable energy and infrastructure projects across the region. Its significance extends beyond Poro Power, providing a practical example of African money financing African projects and a structure that could be replicated across the continent.
“Poro Power demonstrates that African financial institutions have both the capital and the expertise to finance large-scale renewable energy infrastructure through our own markets,” said Sameh Shenouda, Executive Board Member and Chief Investment Officer of AFC. “By combining the protections required for long-term project finance with the flexibility of capital markets, we have created a structure that can attract a broader range of African investors. This is an important model for mobilising the investment needed to expand reliable electricity supply, support industry and accelerate the energy transition across the region.”
Once operational, the plant is projected to avoid approximately 72,000 tonnes of carbon dioxide emissions annually — equivalent to taking around 15,600 petrol-powered cars off the road for a year.
The project includes a commitment to allocate €0.01 for every megawatt-hour of electricity generated towards to initiatives intended to benefit local communities.
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
yewande.thorpe@africafc.org
About AFC:
Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.
www.AfricaFC.org
Oct 23 · 08:00·APO Group
Industrial · Sustainability
The global Industrial steam washer market is witnessing a significant transformation as industries prioritize deep cleaning, sanitization, and environmental sustainability. According to recent market intelligence, the The Market size is expected to reach US$ 2.35 Billion by 2034 from US$ ...
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Oct 23 · 07:13·PR News Releaser
Healthcare · Sustainability
An integrated strategic architecture designed to advance the convergence of precision medicine, longevity science, regenerative health care, and planetary sustainability.
Oct 23 · 07:00·24-7 Press Release
Sustainability
A beacon to avoid rocky shores GCR Global Tech solution Former UN CDM projects re-issued as voluntary Global Carbon Credits® are now tradeable 24/7 on Carbon Trade eXchange® (CTX®) As the CDM Registry winds down and the new Article 6.4 registry is still 'coming soon', project owners need somewhere to go now.” — Wayne Sharpe LONDON, LONDON, UNITED KINGDOM, October 23, 2026 / EINPresswire.com / -- The first credits hav
Oct 23 · 06:55·EIN Presswire
Sustainability
CRAIGIEBURN, Vic., 16 October 2026. Melbourne Scrap Copper offers PVC scrap cable recycling services in Melbourne for households, trades and industry. The business collects insulated [read full press release...]
Oct 23 · 06:54·Express Press Release
Finance · Sustainability
Hydro’s adjusted EBITDA for the third quarter of 2026 was NOK 9,089 million, up from NOK 5,996 million in the same quarter last year. Higher all-in metal prices and higher alumina prices contributed positively in the quarter, along with improved earnings in Recycling and Extrusions. The strong performance was partially offset by higher anode and … Continue reading "Norsk Hydro: Solid results and strong performance"
Oct 23 · 06:15·PressReach
Sustainability
Thousands engaged with Revered Daaji (Kamlesh D. Patel) – Guide of Heartfulness & President of Shri Ram Chandra Mission, during his 15–20 October visit to London, bringing together members of the public, parliamentarians, academics, business leaders, faith communities and civil society. Daaji’s first UK visit since 2024 also marked the introduction of Heartfulness UK’s new […]
Oct 23 · 06:02·Webnewswire
Real estate · Energy
Programmes span management, construction technology, infrastructure, real estate, energy, sustainability and urban planning NICMAR, India’s premier institution dedicated to Construction, Real Estate, Infrastructure and Project Management (CRIP) education, will open applications for its 2027 admission cycle on October 25, 2026, across its Pune and Hyderabad University campuses. Offering a range of postgraduate and undergraduate programmes, […]
Oct 23 · 05:47·Webnewswire
Energy · Sustainability
EIP and the Singapore Economic Development Board (EDB) expand their collaboration to connect EIP's global network with Singapore's energy transition and decarbonisation ecosystem Partnership supports Singapore's Decarbonisation Grand Challenge by creating pathways for promising companies to develop and scale from Singapor
Oct 23 · 02:05·Business Wire