AfDB approves $57.67-million loan to support Eskom’s battery storage project

Development finance institution (DFI) the African Development Bank (AfDB) has approved a $57.67-million loan to State-owned Eskom to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources. The funding, a concessional loan, will come from the Clean Technology Fund – a multi-donor trust fund under the Climate Investment Funds.