Teraco's Green Power Plan: Data Centers Go Renewable
Teraco Data Environments Ltd. leads the way in sustainable energy with a new power plant in South Africa, reducing reliance on Eskom and boosting renewables.
Feb 28, 2024 // Plants, Africa, South Africa, PV Power Plant, Teraco Data Environments
Gauteng Province's 800-MW Solar Project to Tackle Energy Crisis
South Africa's Gauteng province tackles energy crisis with 800 MW solar farm cluster and 14 micro-grid plants, ensuring power stability for communities and healthcare facilities.
Feb 27, 2024 // Plants, Africa, South Africa, PV Power Plant
Energy Vault's Gravity Storage to Revolutionize Southern Africa's Energy Landscape
Gravity Energy Storage Solutions partners with Energy Vault to revolutionize energy storage in Southern Africa, addressing power shortages and accelerating the transition to clean, sustainable energy.
Feb 2, 2024 // Storage, Africa, South Africa, Energy Vault
Globeleq's Debt Restructuring Boosts South African Solar Power
Globeleq's debt restructuring for its solar plants in South Africa aims to reduce costs, lower electricity prices, and benefit local communities and shareholders.
Jan 19, 2024 // Plants, Commercial, Markets & Finance News, Africa, South Africa, PV Power Plant, Globeleq
EDF, CIP Secure 257MW in South African Storage Tender
EDF Renewables & CIP-owned Mulilo Energy have been awarded preferred bidder status for 257MW of grid storage capacity in South Africa. As part of a ZAR7bn (€343m) total cost, the consortium will deliver three battery energy storage projects, providing sustainable electricity for 61 million people. A significant milestone for Mulilo, they are outperforming their business plans.
Jan 4, 2024 // Storage, tender, Africa, South Africa, EDF Renewables, CIP
Kenhardt: 540MW Solar+Battery Illuminating South Africa
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.
Dec 12, 2023 // Storage, Scatec, Africa, South Africa
ABO Sells Final 100MW of Solar Cluster in South Africa
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.
Oct 12, 2023 // Markets & Finance News, Africa, South Africa, ABO Wind AG
Adenia Acquires S.Africa Solar Financing Giant
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.
Oct 11, 2023 // Markets & Finance News, Africa, South Africa, Adenia
Shell-backed Daystar Shines in SA's Power-Hungry Market
Shell-backed Daystar Power is expanding its operations into South Africa to provide alternative power systems as demand increases due to record power cuts. Daystar plans to build up to 120 megawatts of solar power with 400 megawatts across Africa by 2025, targeting large-scale, bankable commercial and industrial users. An office is also opening in Tanzania.
Aug 9, 2023 // Markets & Finance News, Africa, South Africa, Daystar Power, Shell Plc
STANLIB Powers Solar, EV Push in SA
South African investment firm STANLIB has acquired a 51% stake in energy solutions provider Solareff Ltd and its electric vehicle charging infrastructure subsidiary GridCars, committing to fund ZAR 600 million in capex-free energy solutions. This move seeks to make a social and economic impact in South Africa.
Aug 8, 2023 // Markets & Finance News, Africa, South Africa, STANLIB, Solareff
MIGA Backs BTE Investment in S. African Solar
Actis' BTE Renewables has secured MIGA guarantee for its equity investments in 75-MW South African solar power plant awarded in Round 3 of REIPPP. BTE Renewables, owned by UK growth markets investor Actis, specializes in utility-scale wind and solar projects across Africa and has been sold to French utility Engie SA and Meridiam.
Aug 2, 2023 // Markets & Finance News, Africa, Actis, South Africa, bte renewables, MIGA
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
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
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
South Africa seeks developers for renewables at 19 sites
South Africa is looking for to award 20-year contracts for the construction of renewable energy projects throughout 19 areas in the nation, consisting of government irrigation facilities.
Mar 27, 2023 // Markets & Finance News, Africa, South Africa
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