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Energy Finance & Investment News in Africa

IPPToday #262: IFC and Gaia Energy to develop 22 projects in 9 countries in Africa

IPPToday #262: IFC and Gaia Energy to develop 22 projects in 9 countries in Africa

🕔Aug 8, 2018

IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. 

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IPPToday #259: Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa

IPPToday #259: Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa

🕔Aug 3, 2018

Enel Green Power RSA, the Enel Group’s South African renewables company, has signed project financing agreements a portfolio of five new wind projects, totalling roughly 700 MW of capacity.

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IPPToday #257: US firm to develop blockchain facility powered by 900 MW wind farm in Morocco

IPPToday #257: US firm to develop blockchain facility powered by 900 MW wind farm in Morocco

🕔Aug 1, 2018

Soluna Technologies, Ltd. has announced plans to develop a 900 MW wind farm in Morocco which will power a utility-scale blockchain computing facility. The total investment required for the project is estimated to be up to US$3 billion.

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IPPToday #256: Largest wind farm in West Africa reaches financial close

IPPToday #256: Largest wind farm in West Africa reaches financial close

🕔Jul 31, 2018

Lekela has announced that it has successfully reached financial close on the Taiba N’Diaye wind power project in Senegal. This will deliver the country's first utility-scale wind farm and the largest wind farm in West Africa, with a generation capacity of 158.7 MW.

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IPPToday #254: US$500 million wind and solar portfolio in South Africa reaches financial close

IPPToday #254: US$500 million wind and solar portfolio in South Africa reaches financial close

🕔Jul 26, 2018

BioTherm Energy, a South African renewable energy development platform and power producer, has reached financial close on a portfolio of wind and solar projects with a combined generation capacity of 284 MW. The total development cost of the portfolio is approximately US$500 million.

 

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IPPToday #250: Consortium agrees to develop largest renewable project in Egypt

IPPToday #250: Consortium agrees to develop largest renewable project in Egypt

🕔Jul 20, 2018

ENGIEToyota Tsusho Corporation/Eurus Energy Holdings Corporation and Orascom Construction have jointly signed an agreement to commence development work on a new 500 MW wind farm in Ras Ghareb, Egypt.

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CDC and Globaleq invest US$66 million in solar project in Kenya

CDC and Globaleq invest US$66 million in solar project in Kenya

🕔Jul 16, 2018

CDC, the UK’s development finance institution, and Globeleq have announced a US$66 million debt investment in Malindi Solar Group, which will finance the construction of a 52MWp solar photovoltaic power plant in Malindi , south-east Kenya.

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10 bidders shortlisted for 100 MW solar projects in Zambia

10 bidders shortlisted for 100 MW solar projects in Zambia

🕔Jul 11, 2018

On behalf of the Zambian Ministry of Energy, the GET FiT Zambia Secretariat has announced that ten companies or consortia have been shortlisted to develop 100 MW solar photovoltaic projects in the country.

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SunEQ Namibia announces financial close for 5 MW of solar photovoltaic facility

SunEQ Namibia announces financial close for 5 MW of solar photovoltaic facility

🕔Jul 5, 2018

SunEQ recently announced it has reached financial close for a 5MW solar photovoltaic project in Namibia. The facility will be built in the Otjozondjupa region for Ohorongo Cement; also the Development Bank of Namibia (DBN) has helped SunEQ secure financing.

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IFC and EIB to finance 34 MW solar project in Zambia

IFC and EIB to finance 34 MW solar project in Zambia

🕔Jun 25, 2018

Enel Group and Industrial Development Corporation (IDC) have signed a financing agreement for around US$34 million senior loans for the construction of the 34 MW Ngonye solar plant in Zambia.

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World Bank to loan US$125 million to solar complex in Morocco

World Bank to loan US$125 million to solar complex in Morocco

🕔Jun 14, 2018

The World Bank has announced that it is providing US$125 million to the Noor Midelt solar project in Morocco, supporting the development and construction of two concentrated solar power and photovoltaic plants, which will have a total capacity of between 600 and 800 MW.

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AfDB to finance 35 MW geothermal project in Kenya

AfDB to finance 35 MW geothermal project in Kenya

🕔Jun 13, 2018

Quantum Power East Africa GT Menengai Ltd has secured financing from the African Development Bank (AfDB) and Climate Investment Funds (CIF) Clean Technology Fund (CTF) for the 35 MW Menengai geothermal project in Kenya.

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IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

🕔Jun 13, 2018

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.

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IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

🕔Jun 6, 2018

Mainstream Renewable Power has announced the successful completion of financial close for two wind projects in South Africa: the 140 MW Kangnas wind farm, located near Springbok in the Northern Cape, and the 110 MW Perdekraal East wind farm, located 80km northeast of Ceres, in the Western Cape.

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IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

🕔Jun 4, 2018

The Energy Minister of South Africa, Jeff Radebe, has announced that the fifth bidding round of the country's Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) will be launched in November 2018. The tender will procure up to 1.8 GW renewable capacity.

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IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

🕔Jun 1, 2018

Total and its partners have launched the Zinia 2 project, a deep offshore short-cycle development in an area 150km off the coast of Angola, known as Block 17. The launch follows the developers' final investment decision (FID) to proceed with the project, which has a budget of US$1.2 billion.

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Denmark to finance wind project in Ethiopia

Denmark to finance wind project in Ethiopia

🕔May 31, 2018

The Governments of Ethiopia and Denmark have signed a financing arrangement to support the 100 MW Assela wind farm, located on the edge of the Rift Valley, 150km north of the capital Addis Ababa.

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IPPToday #222: AfDB and partners to install 10 GW solar power  in Africa

IPPToday #222: AfDB and partners to install 10 GW solar power in Africa

🕔May 30, 2018

The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme on the sidelines of the Bank’s Annual Meetings, Busan, Korea.

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IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

🕔May 25, 2018

Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value of US$400 million.

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Enertrag acquires 50% stake in 1.8 GW wind portfolio in South Africa

Enertrag acquires 50% stake in 1.8 GW wind portfolio in South Africa

🕔Apr 20, 2018

ENERTRAG has announced that it has acquired a 50% stake in a 1.8 GW wind power pipeline in South Africa. It will partner with Genesis Eco-Energy Developments (GEED) to develop the projects, some of which are already at an advanced stage of development.

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