Africa

African Infrastructure Gets Boost From $12 Billion Climate Fund

GCF commits $253.7 million to AFC Capital Infrastructure Fund Equity financial investment is largest made by GCF in Africa to date

Mar 21, 2023 // Markets & Finance News, Africa, gcf, AFC Capital Infrastructure Fund

African renewables platform Lekela moves to new proprietor Infinity Power

Dublin-based renewables developer Mainstream Renewable Power as well as private equity company Actis have finished the sale of their Lekela platform, Africa's largest pure-play renewables independent power producer (IPP), to Infinity Power.

Mar 20, 2023 // Markets & Finance News, Software, Africa, LEKELA, Infinity Power

TAQA to spend USD 1.6 bn in renewables in Morocco

The Moroccan subsidiary of Abu Dhabi National Energy Company (TAQA) is preparing to invest USD 1.6 billion (EUR 1.5 bn) in renewable resource projects in the North African nation by the end of this decade, its chairman Abdul Majeed Eraqi stated on Tuesday as cited by regional media.

Mar 8, 2023 // Markets & Finance News, Africa, Morocco, TAQA

Qair inks PPAs for 60-MW of solar-storage projects in Mauritius

French renewable power producer Qair has secured power off-take deals for four hybrid solar and battery storage space projects in Mauritius that will add 60 MW of capacity to the neighborhood electricity grid.

Mar 6, 2023 // Large-Scale, Commercial, Markets & Finance News, Storage, PPA, Africa, Qair, Mauritius, solar-storage projects

Husk Power is First to Cross 200 Minigrids Milestone Across Asia as well as Africa

Industry pioneer currently balancing 16 new minigrids monthly. It currently leads worldwide in regards to variety of tiny grids released.

Feb 27, 2023 // Grids, Asia, Africa, Husk Power, Manoj Sinha, mini grids, largest mini grids firm

Tingo Foods to add 110-MW captive solar plant at its Nigeria facility

Lagos-based agri-food company Tingo Foods Plc will certainly organize a 110-MW captive solar power plant at its scheduled state-of-the-art food handling center in the Delta State of Nigeria, its parent business stated on Wednesday.

Feb 24, 2023 // Plants, Large-Scale, Commercial, Africa, Nigeria, PV Power Plant, Tingo Foods

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

Zambia commissions Chinese-built solar plant

Zambia on Wednesday commissioned a Chinese-built solar plant for the manufacturing of solar power as part of initiatives to boost the south African country's electrical energy generation capacity.

Feb 17, 2023 // Plants, Large-Scale, Commercial, Africa, zambia, PV Power Plant

President Buhari inaugurates Nigeria's largest solar PV plant

The Nigeria Sovereign Investment Authority (NSIA) just recently introduced the inauguration of the 10-MW Kano solar photovoltaic (PV) plant at a ceremony gone to by the country's President Muhammadu Buhari.

Feb 13, 2023 // Plants, Large-Scale, Commercial, Africa, Nigeria, PV Power Plant, Muhammadu Buhari

Morocco Eyes 1.6 GW Renewables with $1.95 Billion Investment in Disputed Western Sahara Area

The renewable resource projects are being applied in the contested Western Sahara area. The RE capacity represents concerning 36 percent of the complete capacity which is currently being set up in Morocco.

Feb 9, 2023 // Markets & Finance News, NTPC, Africa, Morocco, masen, Xlinks, Africa renewable energy, Leila Benali, Western Sahara

MIGA issues guarantees for solar-plus-storage hybrid in Somalia

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.

Feb 6, 2023 // Plants, Large-Scale, Commercial, Storage, solar-plus-storage, Africa, PV Power Plant, MIGA, Somalia

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

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