Africa

Set up by Abu Dhabi Fund for Development for financial objectives, the Abu Dhabi Exports Office (ADEX), will certainly provide loan worth AED92 million ($25 million) to augment the capacity of a solar facility in Togo, West Africa.

The close happened for 6 projects under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Globeleq, the Africa-focused independent power producer (IPP)-- is majority partner in the Ikamva Consortium, that was awarded preferred bidder by the DMRE.

Dubai-based AMEA Power LLC will start the building of a 100-MW solar project in Tunisia in the first half of 2023 in the middle of plans for more renewable energy financial investments in the North African nation, the firm's chairman Hussain Al Nowais told Tunis Afrique Presse (TAP).

Canadian Solar Inc. has introduced that its majority-owned subsidiary CSI Solar Co., Ltd. (" CSI Solar") signed a 256 MW solar module contract with SOLA Group, a Cape Town-based independent power producer. The 256 MWs will supply the first two biggest utility-scale solar energy projects in South Africa, which are based on private power purchase agreements (PPAs).

Africa-focused solar designer and also influence capitalist Empower New Energy announced today it has actually recently raised USD 74 million (EUR 71.3 m) in equity, which has permitted it to make new financial investments in Morocco as well as Nigeria.

AMEA Power said both 500MW schemes represent a US$ 1.1 bn investment in the country's economy

Terra Sola aims to build big solar projects integrated with H2 Industries' liquid organic H2 technology

Dubai-based renewables company AMEA Power LLC will certainly expand a solar park in operation in Togo, including 20 MW of additional capacity as well as a 4-MWh battery storage space system to ensure power supply at night.

Italian oil as well as gas major Eni SpA (BIT: ENI) has damaged the ground on a second 10-MW solar park in south-eastern Algeria that will certainly be built as part of a partnership with government-owned market company Sonatrach to support the decarbonisation of oil manufacturing.

Africa-focused independent power manufacturer (IPP) Globeleq has authorized a framework arrangement with Egyptian authorities that paves the way for the construction of a 3.6-GW green hydrogen production hub in Egypt.

Fortescue Future Industries's framework agreement to establish projects, including green hydrogen, in the nation

In Tunisia, the first floating solar station on a lake alongside a Tunis industrial park has started to operate.

Investment in renewable energy in Africa was up to its lowest level in greater than decade last year despite the continent's huge possibility, experts claimed Wednesday at the COP27 climate conference.

The European Bank for Reconstruction and Development (EBRD) is giving USD 5.5 million (EUR 5.5 m) to the renewable resource subsidiary of Egyptian power business TAQA Arabia to construct as well as operate a 7-MWp solar photovoltaic (PV) project in El Minya, Egypt.

Bank of America will sustain distribution of about 255 MW of solar as well as wind generation and also 50 MWh of storage projects by CrossBoundary. CrossBoundary is presently delivering a portfolio of $230 million in projects for more than 30 business customers throughout 14 African nations.