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Energy Finance & Investment News in Africa

IPPToday #16: MASEN issues RFP for the 800-MW Noor Midelt solar project

IPPToday #16: MASEN issues RFP for the 800-MW Noor Midelt solar project

🕔Jul 14, 2017

The Moroccan Agency for Solar Energy (MASEN) has started the next stage of the tender process for the phase 1 of the 800 MW Noor Midelt solar power complex issuing a Request of Proposals (RFP) to the consortia shorlisted.

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Nigeria issues EOI for a hydropower plant concession

Nigeria issues EOI for a hydropower plant concession

🕔Jul 13, 2017

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.

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EIB mulls loan for Gambia PV & storage project

EIB mulls loan for Gambia PV & storage project

🕔Jul 11, 2017

The European Investment Bank (EIB) may provide finance to Gambia’s National Water and Electricity Company for a solar power-plus-storage and grid upgrade project in the country.

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Tunisia establishes deadlines for 210-MW renewable tender

Tunisia establishes deadlines for 210-MW renewable tender

🕔Jul 4, 2017

The Ministry for Energy, Mines and Renewable energies of Tunisia has launched two deadlines for the tender process involving 210 MW of renewable power generation.

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MASEN shortlists five consortia for the 800-MW Noor Midelt solar project

MASEN shortlists five consortia for the 800-MW Noor Midelt solar project

🕔Jun 16, 2017

The Moroccan Agency for Solar Energy (MASEN) has announced it has shortlisted five teams for the phase 1 of the 800 MW Noor Midelt solar power complex.

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Engie and eleQtra partner for 50-MW wind development in Ghana

Engie and eleQtra partner for 50-MW wind development in Ghana

🕔Jun 16, 2017

ENGIE and eleQtra, a UK-based developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana.

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AIIM acquires stake in Mali energy firm

AIIM acquires stake in Mali energy firm

🕔Jun 15, 2017

African Infrastructure Investment Managers (AIIM), an equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.

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EBRD agrees US$500m loan for solar projects in Egypt

EBRD agrees US$500m loan for solar projects in Egypt

🕔Jun 13, 2017

The European Bank for Reconstruction and Development (EBRD) has approved a US$500 million framework to finance renewable energy in Egypt.

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IFC supports Mozambique’s solar park

IFC supports Mozambique’s solar park

🕔Jun 12, 2017

IFC, a member of the World Bank Group has announced a landmark financing package of US$55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes US$19 million from IFC’s own account, US$19 million from Climate Investment Funds, and a syndicated loan of up to US$17 million

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EOI for solar mini-grid systems through PPP in Sierra Leone

EOI for solar mini-grid systems through PPP in Sierra Leone

🕔Jun 7, 2017

The Government of Sierra Leone through the Ministry of Energy has launched a request for expression of interest (RFEOI) for a solar mini-grid operation under a PPP arrangement. 

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Botswana issues EOIs for a solar project

Botswana issues EOIs for a solar project

🕔Jun 2, 2017

The Republic of Botswana has launched a tender process for the establishment of a Joint Venture with Botswana Power Corporation (BPC) for a 100 MW solar power plant.

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Tunisia tenders 210 MW of wind and solar power

Tunisia tenders 210 MW of wind and solar power

🕔May 26, 2017

The Tunisian government has launched a 210 MW wind and solar tender. The government, through the Department of Energy published an invitation to tender on May 11 with a budget of around TND400 million (US$164.2 million).

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Scatec Solar and partners sign PPAs for 400 MW in Egypt

Scatec Solar and partners sign PPAs for 400 MW in Egypt

🕔Apr 25, 2017

Scatec Solar and partners have signed 25-year Power Purchase Agreements for delivery of electricity from six solar plants totaling 400 MW with the Government of Egypt.

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InfraCo Africa invests $1.65 million in Nigerian solar project

InfraCo Africa invests $1.65 million in Nigerian solar project

🕔Apr 24, 2017

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.

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NBET signs off key deals for a 120 MW solar portfolio in Nigeria

NBET signs off key deals for a 120 MW solar portfolio in Nigeria

🕔Apr 21, 2017

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).

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U.S. company gets rights to develop 18-MW hydro project in Angola

U.S. company gets rights to develop 18-MW hydro project in Angola

🕔Apr 20, 2017

Dominovas Energy Corporation has announced that it has received from the Angolan Ministry of Energy and Water (MINEA) an invitation to secure the exclusive right to an 18 MW hydroelectric project.

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Enel Green Power signs €160 million loan for wind farm in South Africa

Enel Green Power signs €160 million loan for wind farm in South Africa

🕔Apr 4, 2017

Enel Green Power SpA, acting through its wholly-owned subsidiary Enel Green Power RSA (Pty) Ltd, has signed a loan agreement for a total of 2,100 million South African rand (equal to about €160 million) with KfW IPEX-Bank to finance the Gibson Bay wind farm.

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NEPAD-IPPF and ECOWAS PPDU discuss collaboration to strengthen infrastructure project preparation in West Africa

NEPAD-IPPF and ECOWAS PPDU discuss collaboration to strengthen infrastructure project preparation in West Africa

🕔Apr 4, 2017

The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) hosted by the African Development Bank (AfDB) held discussions with the Infrastructure Project Preparation and Development Unit (PPDU) of the Economic Community of West African States (ECOWAS) based in Lomé, Togo, with a view to strengthening collaboration on the preparation of regional infrastructure projects in West Africa. The two institutions agreed to conclude an Operational Memorandum of Understanding (MOU) to underpin their cooperation.

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Algeria to launch 4 GW solar tender soon

Algeria to launch 4 GW solar tender soon

🕔Mar 30, 2017

Company of Electricity and Gas Engineering announced that, in late March, Algerian Energy Ministry plans to launch a tender process for the mega solar photovoltaic project of 4.025 GW.

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Egypt gets EIB loan for Gulf of Suez wind project

Egypt gets EIB loan for Gulf of Suez wind project

🕔Mar 30, 2017

The EIB and the Arab Republic of Egypt signed a loan agreement of €115 million (US$124 million) for financing a windfarm in the Gulf of Suez to further expand energy generation from renewable resources.

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