Scatec Reaches Financial Close on 273MW South African Solar
Scatec Solar has closed financing on 3 Grootfontein solar projects in South Africa with a combined capacity of 273MW. Construction to begin Q1 of 2024 and estimated to power 100,000 households. Financed by equity and $241m of project finance debt.
Jun 30, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Scatec, Africa, South Africa, PV Power Plant
United States to finance 500-MW solar project duo in Angola
The Export-Import Bank of the USA (EXIM) will certainly extend a direct car loan to back the building and construction of two solar parks in the Republic of Angola amounting to more than 500 MW.
Jun 7, 2023 // Plants, Markets & Finance News, USA, Africa, North America, Angola, Solar Project
WATT to install 5.6 MW of solar arrays for significant bank in Nigeria
Africa-focused lasting power remedies supplier WATT Renewable Corporation said on Tuesday that it won a USD-10-million (EUR 9.33 m) contract to install solar arrays and also power storage in Nigeria for an unnamed financial institution.
May 26, 2023 // Markets & Finance News, Africa, Nigeria, solar arrays, WATT
Germany's GRIPS launches its very first solar plant in Senegal
German renewable resource investor as well as service provider GRIPS Energy has actually introduced its very first photovoltaic (PV) solar plant in Senegal, a 604-kWp ground-mounted facility at a farm had by regional agricultural company la Societe des Cultures Legumieres (SCL).
May 16, 2023 // Plants, Large-Scale, Commercial, Germany, Europe, Africa, PV Power Plant, Senegal, GRIPS
Savannah Energy inks 200-MW solar development deal in Niger
British independent energy business Savannah Energy Plc has authorized a Memorandum of Agreement (MoA) with the government of Niger to establish as much as 200 MW of solar projects in the Western African nation.
May 12, 2023 // Plants, Markets & Finance News, Africa, moa, Niger, Savannah Energy
Burundi eyes doubling of large-scale solar capacity
The President of Burundi, Evariste Ndayishimiye, has actually authorized an intended doubling of the capacity of the nation's initial large-scale solar farm, a ribbon-cutting ceremony for which was held today.
May 11, 2023 // Plants, Africa, Burundi, Gigawatt Global, Evariste Ndayishimiye
Savannah to develop 200MW of solar in Niger
Developer expects to obtain sanction for 2 projects in 2024 with very first power targeted 2025/2026
May 11, 2023 // Markets & Finance News, Africa, Niger, Savannah
South Africa Releases Its Largest Renewable Energy Tender of 3,740 MW Capacity
The tender has actually been presented for take the pressure off the nation power grid run by Eskom. Presently, Africa is mired in the dire challenge of electrcity and water supply. Power outages have actually become a common phenomenon right here.
Apr 28, 2023 // Markets & Finance News, tender, Africa, eskom
South Africa Weighs Mega Renewable-Energy Tender to Curb Outages
Proposal would ask for procurement of 15,000 megawatts Existing rounds ought to be sped up and also launched by end May
Apr 25, 2023 // Markets & Finance News, tender, Africa, South Africa, Kgosientsho Ramokgopa
ACWA Power inks financing deal for 200MW Egyptian solar
$ 123m package includes loans of approximately $36m from the EBRD as well as $14.6 m from the OPEC Fund
Apr 25, 2023 // Markets & Finance News, Asia, Africa, Egypt, ACWA Power
Solis Launches New Hybrid Inverter in South Africa
The company notifies that with included generator connection as well as control functions, the inverter works as a totally independent power centre to fulfill the specific requirements southern African domestic and also C&I markets, where power outages have actually become an everyday routine. Solar inverter maker Ginlong (Solis) Technologies, is readied to launch its new S6 Advanced Power Hybrid Inverter, specifically for South Africa. It will be revealed at the Solar Show Africa 2023 in Johannesburg from April 25 to 26.
Apr 25, 2023 // Markets & Finance News, Inverters, India, Asia, Africa, South Africa, Solis
Norwegian firm Empower New Energy Signs $6.5 Million Solar Power Deal in Lagos, Nigeria
Norwegian renewable resource investment firm, Empower New Energy, has recently authorized a $6.5 million worth solar power deal in Lagos. The business has actually started a collaboration with the Nigerian clean energy firm, Powercell Limited, to work with a project that aims to decrease contamination as well as increase clean energy use in the nation.
Apr 24, 2023 // Markets & Finance News, Africa, Nigeria, Empower New Energy
Afreximbank to Money EUR56M Cameroonian Solar Initiative
Pan-African banks the African Export-Import Bank (Afreximbank) has actually devoted EUR56 million in the direction of a rural electrification initiative in Cameroon.
Apr 24, 2023 // Markets & Finance News, Africa, Cameroon, Afreximbank
IFC signs funding mandate for Voltalia's solar-storage project in Malawi
The International Finance Corporation (IFC) has actually signed a mandate to prepare funding for a 55-MW solar project with a battery storage component proposed by France's Voltalia SA (EPA: VLTSA) in Malawi.
Apr 19, 2023 // Markets & Finance News, Storage, Voltalia, ifc, Africa, PV Power Plant, Malawi
PASH Global forms JV to develop 30-MWp PV projects in Botswana
UK-based programmer PASH Global has actually accepted establish a joint venture with Tswana Renewables to service a 30-MWp pipeline of solar photovoltaic or pv (PV) projects for private customers in Botswana.
Apr 19, 2023 // Plants, UK, pv power plants, Europe, Africa, Botswana, Pash Global