News Update - June 2023: Part 2

Kenya

The $87M USD Kesses solar plant is now operational
The 40 MW plant was developed by Private Infrastructure Development Group company, the Emerging Africa Infrastructure Fund (EAIF) and others. More

Discover Kenya's funding landscape in the Solar Investment Report 2022
Includes listed investors, debtors and relevant information for the 50 top projects. For anyone that wants insights in the investment / funding solar landscape in Kenya. More

ENGIE and Meridiam acquire BTE Renewables
The acquisition will bring an additional 190 MW of solar projects and a portfolio of more than 3 GW of advanced development pipeline/projects. More

Rest of Sub-Saharan Africa

Botswana - Launches green energy plan to help agriculture sector
The International Climate Initiative of the German Ministry of Environment is funding the initiative with about $931.000 USD. More

Namibia - UMDF approved grant of $485,000 to 50,000 households
The African Development Bank’s Urban and Municipal Development Fund (UMDF) approved a grant to power 50,000 households in Windhoek. More

Nigeria - The Nigeria Solar Investment Report 2022 provides funding landscape insights
Includes listed investors, debtors and relevant information for the top 50 project. For anyone that wants insights in the investment / funding solar landscape in Nigeria. More

South Africa - Scatec reaches financial close for its Grootfontein solar projects
The power plants have an estimated total project cost of $270M USD. The project will be financed by equity from owners and $241M USD debt. More

Tanzania - Picks Sinohydro for its first On-Grid Solar Plant
The estimated cost for the first phase is $45M USD. JV Artelia and Energiovidaas will act as consulting contractors. More

Tanzania - MYSOL Tanzania launched its operations in Zanzibar
The aim is bridge the gap in access to electricity and actively contribute to expansion of the off-grid electrification. More

Zambia - FEI provides $7.5 M USD to MySol Grid Zambia
The Facility for Energy Inclusion (FEI) signed its first transaction in the mini-grids sector, to provide USD 7.5 million of debt to MySol Grid Zambia. More

Zimbabwe - Zimplats to develop a 110 MW solar power plant
The countries largest platinum producer, Zimplats, has plans to develop a 110 MW solar power plant. More

Zimbabwe - Ravensus has greenlight from ZERA to establish 50 MW solar plant
Ravensus has been granted the greenlight by the Zimbabwe Energy Regulatory Authority (ZERA) to establish a 50 MW power plant in Shangani. More

PayGo solar startup Yellow raises $14M USD to scale in Africa
Round was led by Convergence Partners with participation from the Energy Entrepreneurs Growth Fund and in addition Platform Investment Partners. More

CEI Africa signs co-financing partnerships with Lendahand and Energise
Lendahand and Energise Africa can access a credit facility of $3.25M USD each to co-finance qualified companies alongside crowdfunders. More

FEI provides $30M USD to Equator Energy to scale C&I portfolio
FEI signed a multi-country facility to finance the assets of Equator Energy, a C&I solar operator in East Africa. The financing is long-term senior debt. More