Egyptian-based company Infinity Solar S.A.E. and German-based companies ib vogt GmbH and Solizer GmbH & Co. KG have announced the successful closure of a 64.1 MWp solar power plant project in Benban, Aswan, Egypt by the Infinity 50 consortium of which they are members.
Energy Finance & Investment News in Africa
ELSEWEDY ELECTRIC, an integrated energy solution provider in the Middle East and Africa, announced the signing of a memorandum of understanding (MoU) in a consortium with Japan’s MARUBENI Corporation with the Government of Egypt to develop a new wind power plant in Gulf of Suez on build, own and operate basis.
International Finance Corporation (IFC), UK Export Finance (UKEF) and a commercial bank group led by HSBC, ING, Société Générale and Standard Chartered Bank acted as lenders on the financing of Vitol’s participation in the Offshore Cape Three Points (OCTP) oil and gas field project involving the development of the Sankofa-Gye Nyame fields in Ghana.
The African Development Bank (AfDB) Board of Directors has approved a senior concessional loan of US$25 million to fund the Segou Solar PV Project, Mali’s first utility-scale solar photovoltaic (PV) power plant.
The Government of Zambia signed agreements for a second mandate with Scaling Solar, the World Bank Group program that is helping developing countries procure low cost, privately financed, solar power.
The National Petroleum Institute (NPI) has announced that the government of Mozambique, which has vast offshore gas resources, has awarded gas development projects in the Rovuma gas basin to Norway's Yara International, Shell Mozambique and GL Energy Africa.
A subsidiary of state oil major Kuwait Petroleum Corporation, Kuwait National Petroleum Company, has invited companies to submit a letter of interest for developing a planned 1GW solar energy development.
Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
Gaia Infrastructure Capital Limited has announced that the company’s listing has transferred from a SPAC (Special Purpose Acquisition Company) to the Investment Services sector of the JSE Limited.
The African Development Bank is pleased to announce the appointment of Ms. Astrid Manroth as the Director for Energy Transformative Partnerships with effect from 15th February 2017.
Amandi Energy Limited has reached financial close and begun construction of a 200 MW combined cycle, dual-fuel power project in Aboadze, Ghana.
Africa50, the infrastructure fund for Africa, has signed a joint development agreement for an 80 MW AC solar photovoltaic independent power project in Nigeria
The Board of Directors of the African Development Bank has approved a financing package of US$100 million, comprising US$80 million loan and US$20 million equity for the rehabilitation of the Kainji and Jebba hydro plants to increase available capacity from the current available capacity of 917 MW to installed capacity of 1,338.4 MW.
The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 million tons per year.
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
Building Energy has announced the achievement of the financial close for the construction of the 10 MW Tororo solar PV project in Uganda.
A US$350 million deal has been signed to finance an 80 MW peat-to-power project in Rwanda which aims to increase access to electricity for the three quarters of the country’s population that is currently off the grid.
The French group Meridiam has announced it has completed the financing of a 30 MW photovoltaic plant, the second of its kind in Senegal.
Ophir Holdings & Ventures LTD, a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM , a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, have announced that they have signed a binding Shareholders’ Agreement to establish a Joint Operating Company (JOC) to develop the Fortuna project, in Block R, offshore Equatorial Guinea utilising Golar’s FLNG technology.
IFC, a member of the World Bank Group, has announced it has agreed to a US$20 million equity investment in ACWA Power Ouarzazate, which has developed the 160 MW NOOR 1 concentrated solar power (CSP) parabolic trough plant with three-hour storage near Ouarzazate, Morocco.