News Update - December 2022: Part 1

December 15, 2022

Nigeria

Buhari commissions 2MW Solar powered electrification project In SokotoThe projects is being implemented by Rural Electrification Agency (REA) and is a beneficiary under the first phase of the Federal Government’s Energizing Education Programme. More

Renewvia signs long-term power agreement to supply UBA with clean energyRenewvia will design, finance, own and operate solar microgrid systems to deliver clean, resilient, and affordable power supply to UBA's branches. More

Canadian Solar's subsidiary, CSI Solar, signs 256MW solar module contract with SOLAThe 256MW will supply the first two largest utility-scale solar power projects in South Africa, which are based on private power purchase agreements (PPAs). More

Globeleq signs PPAs project for a total 450MW in South AfricaSix solar projects are signed under the government’s 5th bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). More

Scatec signs PPAs for a total of 273MW in South AfricaThree solar projects are signed under the government’s 5th bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). More

19 projects signed to date under REIPPP 5th Bid Window totaling $2BN USDNow concluded are 19 out of the 25 announced projects under Bid Window 5, which will add an overall total of 1,759MW renewable capacity to the national grid. More

Eskom's CEO Andre De Ruyter resigns causing a massive blow for EskomOn Wednesday, 14 December, the failing utility issued a statement announcing the resignation. De Ruyter is set to leave in March 2023. More

$90M USD to set up net-zero energy solutions platform for South AfricaAfrican Infrastructure Investment Managers (AIIM) will provide the initial equity of up to $90 million to establish a new renewable energy platform. More

AMEA Power has been awarded a 120MW solar project in South AfricaThe project is part of the 6th Bid Window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP). More

Distributed Power Africa (DPA) Kenya secures debt facility with Mirova SunFunderThis debt funding facility to DPA will enable the company to unlock additional solar energy solutions for their customers in the C&I sector. More

ESAK in bid to boost regional power connectivity to counter climate changeThe Electricity Sector Association of Kenya (ESAK) is working towards intensifying the interconnectivity of power in East Africa. More

How Kenya is rapidly emerging as Africa’s renewable energy superpowerKenya has launched a range of policy interventions to garner activity and investment within the renewable energy sector, combined under the long-term strategy of Kenya Vision 2030. More

Ghana - Aim to become a regional manufacturing hub for solar value chains Ghana is working on building capacity across the solar value chain and intends to make the country a regional manufacturing hub for solar panels and components. More

Mozambique - Notice of Pre-qualification for two solar projects totaling 60MWThe Mozambican Ministry of Mineral Resources and Energy launched this under the Renewable Energy Auction Programme (Proler). More

South Sudan - Aptech Africa builds 12MW solar plant for Ezra Construction in JubaEzra Construction has self-financed this project as part of its initiative to increase the contribution of renewable energy to Juba’s grid. More

Zimbabwe - Mobility for Africa secures $2M USD to deploy electric vehiclesThe investment is done by InfraCo Africa. the deal also includes the manufacture of 600 electric batteries and the installation of eight charging station. More

Zimbabwe - Total Eren and Chariot to deliver solar project for Karo mining’s platinum mineThe solar PV project is expected to have an initial installed capacity of 30 MWp with a potential extension of up to 300 MWp. More

Sierra Leone - First IPP has achieved commercializationThe solar power project is owned by Serengeti Energy Limited, a private company that is backed by shareholders KfW, Norfund, NDF, Proparco, Stoa and Swedfund. More

Niger -AfDB releases $138 million for solar and mini-grid electrification$46 million is being lent under the Transition Support Facility (TSF). The African Development Fund (ADF) is providing $48.59 million. More

The U.S. DFC has committed to extend a $100M USD loan to the Mirova GigatonIt is a senior loan to support distributed clean energy, with the majority of the portfolio in Africa. The fund will be managed by Mirova and Mirova SunFunder East Africa will serve as Investment Advisor. More

Empower New Energy raises $74M USD in equity for investments in AfricaThe capital raise was led by Climate Fund Managers (CFM), with participation from investment funds Norfund of Norway and Janeiro Energy of Brazil. More

Sun King raises additional Series D of $70M USD led by LeapFrogThis investment is an extension of Sun King’s initial $260 million Series D, which was led by General Atlantic’s BeyondNetZero and M&G Investments in April 2022. More

Africa requires $190BN annual investments to achieve energy goalsThe Head, Capital Projects, Egbin Power Plc, a Sahara Power Group company, Seyi Sobogun, made the projection while delivering his paper. More

Symbiotics Investments arranged a $10M USD Green Bond for ProparcoThe proceeds will be on-lent to GreenLight Planet, a Solar-Home System actors in Africa. The bond has been issued by the innovative MSME Bonds SA platform. More

€28.3M of additional debt for AktivCo, Camusat’s energy services companyFacility for Energy Inclusion (“FEI”) signs facility agreements to provide €28.3M of additional debt from Proparco, Norfund and AfricaGoGreen. More