Africa

Egypt and China have signed an MoU to develop a massive 10GW solar project, promising 29,784GWh of clean energy and a transformative USD1bn savings in natural gas expenses. This will support Egypt's Green Corridor Initiative, helping it reach 42% renewables by 2030.

Globeleq acquires majority stake in Mozambique's Mocuba solar PV power farm, part of a 400MW African portfolio. Temane gas-to-power & Namaacha wind projects to reach financial close & commercial operations in 2024.

Onyedikachi Erete is revolutionizing rural Nigeria by installing solar-powered boreholes – providing clean drinking water and reducing waterborne diseases. USAID is partnering with Tanzania to fight water scarcity, while Morrow County's $1.7 million EPA grant is tackling the drinking water crisis. Together, these efforts are making a big impact in alleviating water scarcity.

Scatec ASA hits financial close on groundbreaking 60-MW Botswana solar park, providing power to 20,000 homes and paving the way for a greener future.

Scatec switches on 540-MW solar & battery project in South Africa -- a groundbreaking milestone in energy production, providing 150 MW of dispatchable power each day.

Africa Greenco Group secures 25-MW solar PPA in Zambia: US$37m investment to bring clean energy to Sesheke district in 2025.

Masdar joins forces with the Angolan government to create 600 jobs and power 90,000 homes--a major step towards 10 GW of clean energy capacity in Africa by 2030.

Egenco begins construction of 10-MW solar power plant in Nanjoka, Malawi. Attendees included Energy Minister Ibrahim Matola. The USD 14 million project is the first phase of a 20-MW solar plant with 2.5 MWh battery storage system. Chint Electrical Co is the contractor and has acquired land for up to 50MW. This project is part of the Malawian government's wider plans to expand rural access to electricity.

Husk Power Systems raises $103 million to expand their award-winning mini-grids to India, Nigeria, DRC, and other African countries. Solar and battery mini-grids will bring affordable, reliable power to households and small businesses. STOA Infra & Energy SAS leads investment round.

Experience the future of driving: the world's first off-road solar-powered SUV designed by a team of Eindhoven University of Technology students, tested in Morocco. 710km range with a top speed of 145km/h, light-weight and ultra-efficient. Don't miss out!

ABO Wind AG, a German renewables developer, sells the remaining 100 MW of a 300 MW solar project in South Africa's North-West Province. 450 acres of private land, private power purchase agreement and 4.6 GW of renewable energy projects in the pipeline. Helping Tronox Mineral Sands to use sustainable energy.

Discover how OCP Group, a Moroccan producer of phosphates and fertilisers, has secured funding from the IFC and is taking the lead on North Africa's largest solar-plus-storage project. With 200MWp of solar parks and 100MW of energy storage, OCP is aiming for carbon neutrality by 2027.

Syrah Resources Ltd is leading the way in renewable energy with full operations of its solar-plus-storage hybrid system in Mozambique. This innovative system reduces carbon emissions by 13%, while cutting diesel consumption. Solarcentury Africa Ltd and CrossBoundary Energy provided engineering, procurement, and financing services. Syrah Resources owns the system after a 10-year BOOT term.

Adenia Partners has acquired a controlling stake in Enfin Energy Finance, the leading South African solar power financing solutions provider. Their purchase marks the first investment from their 5th flagship fund and will help Enfin build over 100MW of solar systems in the next 5 years, simultaneously allowing businesses to become more reliable on grid power and support them in the energy crisis.

The PIC, Africa's top asset manager, is investing in renewable energy sources to tackle South Africa's power crisis. Their current investments have already produced 2000 megawatts for the grid, and they have invested 310 million rand in Rifuwo Energy Partners. The PIC is also looking into solar panels on property roofs to provide further renewable energy solutions.