News Update - April 2025: Part 1

Nigeria

Arnergy Secures $18M USD in Series B to Expand Solar Deployments
The round was led by CardinalStone Capital Advisers and included participation from British International Investment, with follow-on support from existing investors. More

Olam Agri Partners with Husk Power on 1.3 MW Solar Plant
Husk Power will own and operate the hybrid system, providing electricity to Olam Agri under a 10-year power purchase agreement (PPA). More

Yobe State University Teaching Hospital Commissions First Phase of 400 kWh
The facility is currently at its initial 400kW phase, with plans to scale it to 1 megawatt and replicate similar installations across Nigeria. More

South Africa

Government targets up to 5 GW Renewable Energy Additions Per Year
South Africa’s government has approved the South African Renewable Energy Master Plan (SAREM) to accelerate renewables deployment. More

Sun International Announces Completion of $3M USD Solar Plant for Sibaya Casino
It is Sun International’s largest green energy investment to date. The installation is installed by LTM Energy Group. More

New GX Capital and RMB Ventures Launch New $120M USD Fund
The fund is commitment to accelerate clean technology solutions in renewable energy, gas, and water infrastructure across South Africa. More

Mpumalanga Citrus Farm Installs 0.61 MW Solar Plant
The financing structure combines a PPA for the solar component with a lease-to-own model for the battery system and distribution network.

Rest of Sub-Saharan Africa

Botswana - Three Solar Projects Reach $7.8M USD Financial Close
AAAS Energy and Solar Power, have successfully reached financial close on three new solar power projects in Botswana. More

Cameroon - EWIA Green Investments Acquires SunErgy
As part of the transaction, existing SunErgy shareholders will receive equity stakes in EWIA. More

DR Congo - Kamoa Copper Signs PPA with CrossBoundary for 222 MW Solar Plant
Kamoa Copper will not own the asset but will pay only for the energy it consumes. CrossBoundary will own and operate the facility under the terms of the PPA. More

The Gambia - Camco Announces Technical Support for 25 MW Solar Plant
Camco has announced its support for a 25 MW grid-tied solar project, through the REPP 2 TAF. The project, currently under development by Neo Themis SARL. More

Ghana - Ghana Commissions 5 MW Floating Solar Plant on Black Volta River
Ghana has commissioned the 5 MW Black Volta Solar Plant, the largest floating solar power plant in West Africa, scaling up its renewable capacity. More

Kenya - Construction of $250M USD Meru Energy Park Set to Begin
The developer of the Meru Energy Park is Hewani Energy and the Meru Investment and Development Corporation. Toyota Tsusho Corporation committed $250M USD. More

Republic of Congo - Tinda Energy and Complant Signs $76M USD EPC Contract
The contract is for the construction of a 56 MW solar PV power plant. In addition to generation infrastructure. More

Zambia - Energy Ministry Cuts Solar Project Approval time to 48 Hours
Energy Minister, Makozo Chikote, said the reform aligned with the Presidential Directive to add 1,000 MW of solar energy to the national grid by the end of 2025. More

Zimbabwe - NUST Invites Investors for 5 MW Solar Plant for Campus
The National University of Science and Technology (NUST) has revealed plans to construct a 5 MW solar plant as part of its effort to enhance sustainable energy. More

Zimbabwe - IDBZ and Gutu Council Advance 5 MW Solar Project with Tender
The selection of a turnkey Engineering, Procurement, Construction, Finance and Operation & Maintenance (EPC+F+OM) contractor is now underway. More

China’s Changing Energy Financing in Africa
Loans to Africa have been driven by China’s policy banks in support for coal and hydropower, but a more diverse cast of creditors steer support towards greener ventures. More

CEI Africa Announces an Extension of its Framework Agreement with Energise Africa
Under the extended framework agreement, the crowdlender Energise Africa can further access a credit facility of $2.8M USD (2.5M EUR) to co-finance qualified companies. More

Inspired Evolution Closes Energy Fund at $238M USD
The private equity firm’s third fund, which will focus on driving sustainable development across Africa, attracted commitments from 19 mostly European investors. More

NTPC and ISA Partner with 7 African Nations for Solar Projects
NTPC and ISA to develop over 1.5 GW solar capacity across Africa, including floating solar in Mauritius; NTPC to lead feasibility studies and bid design for project execution. More