News Update - August 2023: Part 2

Nigeria

REA delivers over 100 solar mini-grids under NEP, World Bank funded
The 103 solar mini-grids are delivered under the Nigeria Electrification Project (NEP), funded by the World Bank. More

The Nigeria Solar Investment Report 2022 with 30% discount
Includes list of investors, debtors and relevant information for the top 50 project. Use NEWSLETTER30 for 30% discount. More

NSIA declares $500M USD investment in domestic infrastructure
The investment from Nigeria Sovereign Investment Authority (NSIA) includes investments in energy sector and a solar panel initiative. More

South Africa

Harmony Gold Mining Company commissioned first phase 30 MW
African Clean Energy Developments (ACED) is responsible for raising the debt funding. It is the first project that is “wheeling” financed in South Africa. More

Scatec is considering selling power to smaller off-takers
The company is looking at mining companies and also looking at platforms for selling to multiple smaller off-takers. More

South Africa, China sign power deals during BRICS summit
China is considering the setup of transformer and solar PV panel manufacturing facilities in the country, President Ramokgopa said. More

AWPower partners with Nedbank to offer solar solutions
AWPower, is chosen as approved supplier of residential solar energy solution for Nedbank's vehicle finance division, MFC. More

Sun Exchange uses bitcoin to fund 150.000 USD solar power project
The 198 KV is installed at a school whereby the school will pay the funders based on the output of the solar panels. More

Rest of Sub-Saharan Africa

Benin, Togo - Successful financing facility setup for e-mobility 
GuarantCo, in partnership with Societe Generale, will provide up to $63M USD financing solution and used by e-mobility company Spiro. More

Benin - Toyota Tsusho Corporation signs $65.5M USD PPP agreement 
The agreement with SBPE was financed by the State of Benin with support of the European Union (EU) and French Development Agency (AFD). More

Botswana - AAAS energy reaches successful crowd fund closure
The company raises over $1.25M USD against 8% interest, part of a funding round for a 105 MW solar project. More

Burundi - ElectriFI provides $1M USD to Amped Innovation
The funds comes from the country window of the Electrification Financing Initiative (EDFI ElectriFI) for Burundi to electrify 3,000 households. More

Côte d’Ivoire - Oikocredit borrows $1.3M USD to solar company Baobob+
The funds are used to boost household access to technology and solar energy in rural Côte d’Ivoire. More

Djibouti - AMEA Power signs a 25 year PPP with Electricité de Djibouti
The project is developed under a Build-Own-Operate and Transfer (BOOT) model. The Sovereign Fund of Djibouti (FSD) will be joining the project before financial close as a minority shareholder. More

Ethiopia - Masdar signs roadmap to deliver 500 MW of solar projects
Part of the Etihad 7 programme, a UAE-led innovation program that aims to supply clean electricity to 100 million people by 2035. More

Eritrea - Invites bids for 30 MW solar project
The Ministry of Energy and Mines of Eritrea is inviting bids for the design, supply and installation. The AfDB is funding the project. More

Kenya - Discover Kenya's funding landscape with 30% discount
Includes listed investors, debtors and relevant information for the 50 top projects. Use NEWSLETTER30 for 30% discount. More

Liberia - The country plans a 15 MW solar-plus-storage project
The plant will be delivered on a flexible leasing arrangement with a 5-year initial term. More

The Gambia - Procurement of 1,100 solar PV systems
Financed by the European Investment Bank, SESCO on behalf of the Government of The Gambia, invites sealed bids. More

Zimbabwe - 1.14 MW project commissioned through joint venture
The Zim-China Wanjin Agricultural Development company has successfully installed a 1.14 MW solar project. More

Solar Financed Africa Market Intelligence Platform launching soon
The platform is offering comprehensive finance and funding data on solar projects, companies and funders in Sub-Saharan Africa. More

Calvert International AG acquires Emerging Energy Corp.
Through its shareholdings, EEC holds minority interests in biogas and off-grid solar developers active across Africa. More