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Energy Finance & Investment News in Africa

ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

🕔Jan 16, 2018

ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.

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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

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

🕔Jan 10, 2018

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.

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Financing agreed for Zambia's first Scaling Solar project

Financing agreed for Zambia's first Scaling Solar project

🕔Jan 2, 2018

Financing has been agreed for a 47.5 MW solar farm in Zambia, setting a new benchmark for low-cost solar power in sub-Saharan Africa.

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IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

🕔Dec 27, 2017

The consortium proposing to build a 250 MW wind farm in Ras Ghareb, Egypt have achieved financial close for the project. The estimated value of the wind farm is US$400 million.

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 Nigeria approves US$2.8 billion gas pipeline

Nigeria approves US$2.8 billion gas pipeline

🕔Dec 27, 2017

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.

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IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

IPPToday #122: PPAs signed for US$4 billion geothermal projects in Ethiopia

🕔Dec 22, 2017

Ethiopian Electric Power (EEP) has signed power purchase agreements (PPAs) with Corbetti Geothermal Power regarding two 500 MW geothermal projects in the Main Ethiopian Rift Valley that require a total investment of US$4 billion

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Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

Emerging Africa Infrastructure Fund secures US$100 million loan from AfDB

🕔Dec 20, 2017

In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.

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Energy Summit in Abidjan to explore West Africa’s gas and energy markets

Energy Summit in Abidjan to explore West Africa’s gas and energy markets

🕔Dec 13, 2017

EnergyNet will host the second Regional Energy Co-operation Summit in Côte d’Ivoire from 24-25 January 2018 - a strategic platform for project evolution and partnership development. The conference will discuss opportunities for cross-border power projects and potential gas investments across West Africa.

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IPPToday #115: Tender for 600 MW solar projects released in Egypt

IPPToday #115: Tender for 600 MW solar projects released in Egypt

🕔Dec 13, 2017

Egypt's Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company (EETC) have released a tender for 600 MW of solar photovoltaic (PV) capacity.

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IPPToday #114: AfDB announces over US$300 million for renewables in Morocco and Côte d’Ivoire

IPPToday #114: AfDB announces over US$300 million for renewables in Morocco and Côte d’Ivoire

🕔Dec 12, 2017

The African Development Bank (AfDB) has announced that it has approved a loan of US$265 million to support 800 MW of solar projects in Morocco, and will also lend approximately $US59 million to the 44 MW Singrobo-Ahouaty hydropower project in Côte d’Ivoire.

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Morocco, Ghana & Nigeria energy leaders discuss gas projects in Casablanca

Morocco, Ghana & Nigeria energy leaders discuss gas projects in Casablanca

🕔Dec 4, 2017

At a conference in Casablanca last week decision-makers from across North & West Africa met to discuss opportunities for investment in gas infrastructure, project pipelines & strategies for implementation.

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Casablanca hosts pan-African conference to discuss renewable energy project development

Casablanca hosts pan-African conference to discuss renewable energy project development

🕔Dec 4, 2017

Energy leaders gathered in Casablanca on Friday for the conclusion of the 2nd Africa Renewable Energy Forum, a platform to explore opportunities for renewable energy project development in Africa

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BNP Paribas subsidiary provides financing for Essakane solar power plant

BNP Paribas subsidiary provides financing for Essakane solar power plant

🕔Nov 29, 2017

EREN Renewable Energy, the developer of the 15MWc solar plant which is to power the Essakane gold mine in Burkina Faso, announced last week that the project will be financed by the Banque Internationale pour le Commerce, l'Industire et l'Agriculture du Burkina (BICIAB), a local subsidiary of the BNP Paribas group.

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ACCIONA to build two  transmission projects  in Kenya

ACCIONA to build two transmission projects in Kenya

🕔Nov 24, 2017

ACCIONA has signed two contracts with HOMT España as part of the project worth over €40 million (US$ 47,07 million) that the latter is executing for Kenya Electricity Transmission Company Limited (KETRACO).

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IPPToday #99: MIGA mulls 420 MW hydro project in Cameroon

IPPToday #99: MIGA mulls 420 MW hydro project in Cameroon

🕔Nov 15, 2017

Multilateral Investment Guarantee Agency (MIGA) is mulling providing a guarantee for EDF International’s 420 MW Nachtigal hydro project in Cameroon.

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EREN, Access announce fin close on 126 MWp in Egypt

EREN, Access announce fin close on 126 MWp in Egypt

🕔Nov 9, 2017

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.

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Uhuru Energy secures US$51 M for 310MW solar plant in Zimbabwe

Uhuru Energy secures US$51 M for 310MW solar plant in Zimbabwe

🕔Nov 2, 2017

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.

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Senegal releases scaling solar RFP

Senegal releases scaling solar RFP

🕔Oct 31, 2017

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.

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EBRD, GCF and FMO support 80 MW of Infinity solar projects in Egypt

EBRD, GCF and FMO support 80 MW of Infinity solar projects in Egypt

🕔Oct 30, 2017

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.

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IPPToday #88: Scatec Solar closes financing for 400 MW in Egypt

IPPToday #88: Scatec Solar closes financing for 400 MW in Egypt

🕔Oct 30, 2017

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. 

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