Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.
Energy Finance & Investment News in Nigeria
Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.
The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.
The government of Nigeria has issued a request for expressions of interest (EOI) for the operation and maintenance of a hydropower plant located in Kaduna State.
InfraCo Africa has signed a Convertible Loan Agreement (CLA) with Access Quaint Solar Nigeria Ltd which commits InfraCo Africa (part of the Private Infrastructure Development Group) to provide US$1.25 million to co-finance the development of the Abiba Solar project through to financial close.
Nigerian Bulk Electricity Trading Plc (NBET) coordinated the signings of Nigeria’s Minister of Power Works and Housing, Babatunde Fashola, with solar developers Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited on two put and call option agreements (PCOAs).
The government of Nigeria has signed a Power Purchase Agreement (PPA) with Kingline Development Nigeria Limited for the power generated by the 550 MW power generation IPP project.
Scatec Solar has signed an agreement with CDIL and BPS securing the 100 MW Nova Scotia Power plant located in Jigawa State, Nigeria. This agreement was announced in connection with Scatec Solar’s second quarter results.
Nigeria has signed power purchase agreements (PPA) for solar PV projects in the country. Government-owned Nigerian Bulk Electricity Trading Plc.(NBET) will be the power purchaser of the solar projects.
Sokoto State Government of Nigeria has signed a Memorandum of Understanding (MoU) with Chinese-based Kunming Engineering Corporation for the development of a 100 MW solar plant in order to improve power supply and enhance industry development in the country.
Azura Power West Africa Limited, a 450 MW gas-fired independent power project (IPP) in Nigeria, has reached financial close and has entered in the construction phase.
Last week, IFC, a member of the World Bank Group, signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120 MW peak photovoltaic solar power project with a consortium of developers.
Access Infra Africa, a developer, owner and operator of power assets in Africa, has announced Quaint Solar Energy from Nigeria and Flatbush Solar from Cameroon as the winners of the inaugural Access Co-Development Fund (ACF)
The Multilateral Investment Guarantee Agency (MIGA) along with Seven Energy International Limited, announces its first engagement in Nigeria's gas sector.
Seven Energy International Limited has entered into a senior debt facility totalling up to US$445 million for Seven Energy’s indirect wholly-owned subsidiary, Accugas Limited.
The Ondo State government, Nigeria, and Kingline Development Limited have signed the 500 MW Kingline Ondo IPP project in the Ondo State International Industrial Park, Omotoso.
Blackstone and Black Rhino have announced the appointment of His Highness Emir Muhammad Sanusi II to join Black Rhino’s Board of Directors as Chairman.
International power developer, Joule Africa, and leading infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM) have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.
Eland, an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, has satisfied all the conditions precedent to access its US$22 million loan facility with Standard Chartered Bank.