Multilateral Investment Guarantee Agency (MIGA) is mulling providing a guarantee for EDF International’s 420 MW Nachtigal hydro project in Cameroon.
Energy Finance & Investment News in Africa
EREN Renewable Energy (EREN RE) and Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126 MWp located in the Benban complex marking their official entry into the Egyptian renewable market.
Independent Power Producer (IPP), Uhuru Energy, has obtained US$51 million from an unnamed Chinese State-owned firm for the first phase of its 310 MW solar photovoltaic (PV) project in Zimbabwe.
The Government of Senegal issues an open tender for solar projects in Diourbel, Kaoack, and Fatick regions of the country, with a combined storage capacity of 100 MW.
The EBRD, the Green Climate Fund (GCF) and the Dutch Development Bank (FMO) are supporting the expansion of renewable energy in Egypt with a US$ 87 million syndicated loan to Infinity Solar Energy SAE for 80 MW solar facilities located at the Benban complex.
Scatec Solar ASA (SSO) and partners have achieved financial close for six solar PV power plants in Egypt totaling 400 MW. A consortium of international Development Finance Institutions is providing a non-recourse project finance of US$335 million, which accounts for 75% of the capex.
Under the EBRD’s US$ 500 million framework for renewable energy in Egypt, the bank is providing a financing package of US$ 73 million for the construction and operation of three solar photovoltaic power plants in Egypt totaling 120 MW.
Acciona has announced it has signed power purchase agreements under a period of 25 years, for the development of the 150 MW of solar projects in Egypt. The project is part of Round 2 of the country's feed-in tariff programme.
The Japanese International Cooperation Agency (JICA) has approved a US$60 million financing package for the development of a solar power plant in Egypt.
Madagascar’s Ministry of Water, Energy and Hydrocarbons has issued a RFQ for a 25 MW solar PV project, planned to be developed near Antananarivo, the country’s capital city.
The Ethiopian Electric Power (EEP) launched a Request for Pre-Qualification (RFQ) for the development of two solar photovoltaic projects totaling 250 MW.
The African Development Bank (AfDB) has announced it will provide financing for the construction of solar plants in Burkina Faso.
Alfanar Company, a Saudi based electrical power company has announced the signing of facility agreement for US$57 million with the European Bank for Reconstruction and Development (EBRD) and Islamic Corporation for the Development of the Private Sector (ICD).
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
Africa50, the infrastructure fund for Africa, signed a development agreement with Senelec, Senegal’s electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda.
The African Development Bank (AfDB) is mulling to fund the development of Kenya’s first coal-fired power plant. The bank is awaiting the environmental and social audits before they can release the funds.
The Asian Infrastructure Investment Bank (AIIB) has announced up to US$210 million in debt financing for the development of 11 solar power projects to tap Egypt’s renewable energy potential.
The U.S. Trade and Development Agency (USTDA) has awarded a grant to Access Power, a developer, owner and operator of renewable power projects in emerging markets and its strategic partner EREN Renewable Energy a global independent power producer.
Egypt's New and Renewable Energy Authority (NREA) has launched a tender for the development of a 250MW solar plant in the Gulf of Suez.