Africa

The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, said that it has actually offered guarantees of USD 5.67 million (EUR 5.3 m) on behalf of a solar-plus-storage project in Somalia.

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.

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.

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.

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.

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.

The 50MW project will provide power for around 350,000 people

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.

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.

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.

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.

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.

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.

African Development Bank approves loans for Kairouan project

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.