News

Scatec sells Upington plant in South Africa for NOK 569 million to finance further growth

02-02-2023 | 18:45:50
Scatec has signed an agreement with a subsidiary of STANLIB Infrastructure Fund II, managed by STANLIB Asset Management Proprietary Limited to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of ZAR 979 million.

Oikocredit invests $5 million in Yellow to support growth of solar energy in Africa

02-02-2023 | 08:51:00
With this loan, Yellow plans to bring access to electricity to an estimated 89,000underserved households in sub-Saharan Africa.

Amazon sets a new record for most renewable energy purchased by a single company

02-02-2023 | 08:44:12
The company’s renewable energy purchases continue to add new wind and solar projects on the grids that power Amazon’s operations, including Amazon Web Services (AWS) data centers, Amazon fulfillment centers, and physical stores around the world.

The Beyond the Grid Fund for Africa announces upcoming funding round for Uganda

02-01-2023 | 12:38:43
The Beyond the Grid Fund for Africa (BGFA) will open a second funding round for Uganda at the end of February 2023.

Sasol and the ACED-IDEAS-REATILE Consortium to sign Power Purchase Agreement

02-01-2023 | 10:26:00
Sasol and the ACED-IDEAS-REATILE Consortium sign Power Purchase Agreement (PPA) for long-term renewable power to Sasolburg

Sustainable Energy Fund for Africa commits $1 million to drive electric mobility shift in seven African countries

02-01-2023 | 07:49:49
The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank Group will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA).

Chariot acquires ENEO's water production business to deliver clean water solutions in Africa

01-31-2023 | 08:24:00
Chariot announced it has entered into a sales agreement for the acquisition of the business and assets of an independent water producer, ENEO, an African company focused on delivering clean water solutions using renewable energy.

[South Africa] Globeleq completes $71 million restructuring of Soutpan solar plant financing

01-26-2023 | 08:28:50
By lowering the cost of debt for the project, the refinancing allows for a significant reduction in wholesale electricity prices from the plant, creates a more efficient capital structure enabling release of funds for shareholders to reinvest in the power sector.

[South Africa] Air Liquide and Sasol sign contracts for supply of renewable energy to the Secunda Site

01-26-2023 | 08:20:02
These PPAs are the first results of the Request for Proposal (RFP) process launched jointly by Air Liquide and Sasol in April, 2021, for the procurement of a total capacity of 900 MW of renewable energy.

Green hydrogen and ammonia are the future of backup power in telecom networks, study

01-25-2023 | 09:06:19
Telecommunication companies are also rushing to cut their carbon emissions. Many of them have signed significant clean power purchase agreements.

Renewvia launches joint venture with Okapi Green Energy to deliver clean energy to Kenya’s refugees

01-25-2023 | 08:50:33
Together, Renewvia and Okapi will design, finance, instal and operate a scalable, innovative solar minigrid system, expanding access to power from 200 people to up to 15,000 living within the Kakuma III section of the refugee camp.

Masdar to develop 5GW of renewable energy projects to advance Africas clean energy objectives

01-23-2023 | 05:10:00
The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds to invest in the development of Africa's renewable energy sector.

Husk Power secures $750,000 to expand solar microgrid business in Nigeria and India

01-19-2023 | 13:20:00
Husk Power Systems has secured funding from Germany’s development finance institution DEG to build 8 new community solar microgrids in Nigeria, and to support expansion of the company’s India operations.

Verod exits Daystar Power Group to Shell

01-19-2023 | 10:59:54
Verod Capital Management via its Verod Capital Growth Fund II has fully exited from its investment in Daystar Power Group to Shell.

Underperforming Africa holds out huge solar opportunities, report

01-19-2023 | 09:32:22
The 2023 annual solar outlook report from the African Solar Industry Association (AFSIA) points to huge continent-wide opportunities even though Africa is still underperforming in realising the full power of solar.