Teraco to Expand African Data Centers with $680 Million Investment in Renewable Energy
Teraco Data Environments, Africa's largest data center firm, secures $680 million in debt funding to build a 100 MW utility-scale solar farm and expand its data centers with clean energy.
Feb 1, 2023 // Technology, Markets & Finance News, Africa, Teraco, Samuel Erwin
GreenYellow secures financing for new solar project in Mauritius
French clean energy solutions provider GreenYellow revealed on Tuesday it has actually closed an MUR-350-million (USD 7.9 m/EUR 7.2 m) funding deal with the Mauritius Commercial Bank Ltd for a new photovoltaic (PV) project in the island country.
Jan 25, 2023 // Plants, Markets & Finance News, Africa, Solar Project, Mauritius, GreenYellow
Masdar to include 3 GW of renewables in Angola, Uganda
Renewables developer Masdar has actually signed deals to create 3 GW of renewable resource projects in Uganda and Angola as part of a UAE-led initiative that supports the release of green energy in Africa.
Jan 23, 2023 // Plants, Masdar, Africa, Angola, Uganda
AREMI, Renewable Manufacturing Initiative for Africa Launched
The Africa Renewable Energy Manufacturing Initiative (AREMI) at Abu Dhabi Sustainability Week, UAE to step up financial investment as well as action for renewable energy development in African countries.
Jan 20, 2023 // Manufacturing News, Africa, abu dhabi sustainability week, Bloomberg Philanthropies, Africa Renewable Energy Manufacturing Initiative, African Climate Foundation, AREMI, Chinese Renewable Energy Industries Association, ClimateWorks Foundation, CREIA, Damilola Ogunbiyi, SEforALL
UAE to Invest $2 Billion in Solar Power in Zambia
The said investment is anticipated to enhance the power generation base the southern African country by majority. First, 500MW of solar energy will certainly be established in the scheme of things.
Jan 18, 2023 // Markets & Finance News, Masdar, Africa, zambia, Joint Development Agreement, Hakainde Hichilema, Zesco
AMEA Power to construct solar farm in Ivory Coast
The 50MW project will provide power for around 350,000 people
Jan 17, 2023 // Plants, Africa, amea power, solar farm, Ivory Coast
Ncondezi concurs land rights for 300-MW solar park in Mozambique
African power advancement firm Ncondezi Energy Ltd (LON: NCCL) has secured exclusive land usage civil liberties for a site in Mozambique where it prepares to develop a 300-MW solar-plus-storage complex.
Jan 10, 2023 // Plants, Africa, Mozambique, Ncondezi, Solar Park
Tunisia Comes Up With Solar Power Tenders Of 1 GW
The Tunisian government wishes to develop 8 solar power plants having capacities of 100 MW in the very first procurement exercise. Tenders will be granted in four various rounds.
Jan 10, 2023 // Markets & Finance News, STEG, Tunisia, Africa, Solar Power Projects, Hecha, Khobna, Société tunisienne de l’électricité et du gaz, Tunisia PPAs, Tunisian
German Institution DEG Funds Solar Micro-Grids Development in Nigeria
DEG is funding the USA-based Husk Power Systems with $750,000 to develop eight community solar micro-grids in Nigeria. Husk Power Systems is already running 12 micro-grids in the West African country.
Jan 10, 2023 // Markets & Finance News, Africa, Nigeria, DEG, Husk Power Systems, Deutsche Investitions und Entwicklungsgesellschaft, solar micro grids, Up-Scaling Program
Tunisia intends 1.7 GW of renewable energy projects
The Tunisian federal government is preparing 1,700 MW of new renewable resource projects that must be implemented between 2023 and also 2025 throughout the North African country, power minister Naila Nouira stated on Tuesday.
Jan 4, 2023 // Markets & Finance News, Tunisia, Africa
Safi Power Commissions Rooftop Solar System for Kenyan Bottling Company
Nairobi-based green energy distributor Safi Power has appointed a 400 kWp roof solar system at the Coastal Bottlers plant in Mombasa, Kenya. The new installment will help the soft drinks bottler in transitioning one of its PET assembly line to a cleaner source of energy.
Dec 27, 2022 // Rooftop PV, Kenya, Africa, Safi Power
Sun Africa to Develop 5 GW of Solar Power in Nigeria
Leading utility-scale solar as well as off-grid supplier Sun Africa has tattooed a $10-billion agreement with the Federal Government of Nigeria to generate clean as well as dependable electrical power through solar power as well as battery power storage growth.
Dec 27, 2022 // Plants, Africa, Nigeria, PV Power Plant, Sun Africa
AMEA Power raises finance for 100MW Tunisian solar farm
African Development Bank approves loans for Kairouan project
Dec 26, 2022 // Plants, Commercial, Markets & Finance News, Tunisia, Africa, amea power, solar farm
World Bank Approves $311 Million for Renewable Energy in West Africa
The $311 million funds will certainly be funded through International Development Association (IDA). The RESPITE project will support the setup of solar as well as battery storage space capacity, near-term O&M contracts for the provision of solar supply, expansion of hydropower generation capacity, grid connection infrastructure and grid modernization and also upgrades.
Dec 23, 2022 // Markets & Finance News, world bank, Africa, chad, Togo, Boutheina Gue, IDA, International Development Association, Liberia, RESPITE, Rhonda Jordan-Antoine, Sierra Leone, WAPP, West Africa Power Pool, West Africa solar power
Shell finishes up deal for Nigerian solar company Daystar Power
Oil and gas giant Shell Plc (LON: SHEL) has actually finished the acquisition of Nigeria-based hybrid solar energy remedies provider Daystar Power after acquiring the needed regulatory clearances.
Dec 20, 2022 // Plants, Africa, Nigeria, shell, Daystar Power