South Africa

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
Sungrow Launches New C&I Inverter Solution For South Africa
The new SG125CX-P2 PV inverter solution is designed for diversified C&I roof applications. The SG125CX-P2 brings higher yields, enhanced safety and security, and also a lot more flexible usage, which is anticipated to cause additional development southern African C&I solar market.
Mar 24, 2023 // Inverters, Sungrow, Africa, South Africa, Experience Power Freedom, Phyllis Yang, SG125CX-P2, South Africa energy solutions
TotalEnergies group bags 260 MW of S African power off-take deals
France's TotalEnergies SE (EPA: TTE) and its partner Mulilo have actually clinched deals to supply power from 260 MW wind as well as solar energy capacity in South Africa of what is currently the globe's largest oxygen production factory.
Feb 21, 2023 // Plants, Markets & Finance News, Africa, South Africa, TotalEnergies
Researchers achieve temperature-dependent phase stable hybrid halide perovskite films by CVD
Scientists from South-Africa's University of the Western Cape, University of Missouri and also Argonne National Laboratory have actually created a new way of boosting the stability and also performance of perovskites.
Dec 15, 2022 // Technology, solar cell, perovskite, Africa, South Africa, Argonne National Laboratory, University of Missouri, University of the Western Cape
AMEA Power successful with 120-MW solar project in S Africa tender
A consortium led by Dubai-based AMEA Power LLC has actually been granted a 120-MW solar project in the 6th round of a tender in South Africa.
Dec 15, 2022 // Plants, Markets & Finance News, tender, Africa, South Africa, amea power, Solar Project
South Africa Secures 975 MW of Solar Energy PPAs in fifth Tender
The PPAs are authorized under the ongoing Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Dec 13, 2022 // Markets & Finance News, Power Purchase Agreements, PPA, tender, Africa, South Africa, REIPPPP, Conditions Precedent
IPP Globeleq Signs PPAs for 450 MW Solar Power in South 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.
Dec 9, 2022 // Markets & Finance News, Africa, South Africa, mainstream renewable power, dmre, solar energy projects, Globeleq, Department of Mineral Resources and Energy, REIPPPP, Ikamva Consortium, Renewable Energy Independent Power Producer Procurement Programme
Canadian Solar Bags 256 MW Contracts For South Africa Largest Solar PPAs
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).
Dec 6, 2022 // Markets & Finance News, Canadian Solar, PPA, Africa, sola group, South Africa, Shawn Qu, BiHiKu7 modules, CSI Solar co, Dom Wills