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Energy Finance & Investment News in Africa

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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ICBC and EBRD back Acwa’s Egypt solar FIT II

ICBC and EBRD back Acwa’s Egypt solar FIT II

🕔Oct 27, 2017

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.

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Acciona signs PPAs for 150 MW of solar in Egypt

Acciona signs PPAs for 150 MW of solar in Egypt

🕔Oct 24, 2017

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.

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Japan's JICA provides financing for 20 MW solar plant in Egypt

Japan's JICA provides financing for 20 MW solar plant in Egypt

🕔Oct 19, 2017

The Japanese International Cooperation Agency (JICA) has approved a US$60 million financing package for the development of  a solar power plant in Egypt.

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Madagascar tenders 25-MW PV project

Madagascar tenders 25-MW PV project

🕔Oct 16, 2017

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.

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Ethiopia launches RFQ for 250 MW solar project

Ethiopia launches RFQ for 250 MW solar project

🕔Oct 11, 2017

The Ethiopian Electric Power (EEP) launched a Request for Pre-Qualification (RFQ) for the development of two solar photovoltaic projects totaling 250 MW.

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AfDB backs 50-MW solar project in Burkina Faso

AfDB backs 50-MW solar project in Burkina Faso

🕔Oct 10, 2017

The African Development Bank (AfDB) has announced it will provide financing for the construction of solar plants in Burkina Faso.

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EBRD and IDC to finance 50 MW solar project in Aswan, Egypt

EBRD and IDC to finance 50 MW solar project in Aswan, Egypt

🕔Oct 4, 2017

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).

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Statkraft and Norfund swap hydropower shares

Statkraft and Norfund swap hydropower shares

🕔Sep 28, 2017

Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.

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Africa50’s Cooperation with Senelec for 120 MW power plant in Senegal

Africa50’s Cooperation with Senelec for 120 MW power plant in Senegal

🕔Sep 27, 2017

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.

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AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt

AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt

🕔Sep 13, 2017

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AfDB to back Kenya’s Lamu coal

AfDB to back Kenya’s Lamu coal

🕔Sep 11, 2017

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.

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AIIB supports renewable energy development in Egypt

AIIB supports renewable energy development in Egypt

🕔Sep 7, 2017

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.

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USTDA awards grant for 130-MW wind project in Zambia

USTDA awards grant for 130-MW wind project in Zambia

🕔Sep 6, 2017

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.

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IPPToday #51: Egypt launches tenders for 250 MW solar park in Gulf of Suez

IPPToday #51: Egypt launches tenders for 250 MW solar park in Gulf of Suez

🕔Sep 5, 2017

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.

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