News Update - December 2022: Part 2

Nigeria

Okra Solar secures $4.5M USD Investment from EDFI ElectriFIThe investment is a working capital facility to Okra Solar to provide access to electricity through the mesh-grid technology to mini-grids developers. More

Solarfinanced releases top 50 database solar projects 2022 in Nigeria (Paid)Including listed investors, debtors and relevant information per project. For anyone that wants insights in the investment / funding solar landscape in Nigeria. More

South Africa

Voltalia starts the construction Work of 148 MW solar plant in South AfricaIn October, Voltalia signed a 20-year corporate power purchase agreement (CPPA) with Richard Bay Minerals (RBM). More

Red Rocket has been awarded 440MW of solar projects in South AfricaTwo solar projects are secured under the government’s 6th bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). More

Kenya

Solarfinanced releases top 50 database solar projects 2022 in Kenya (Paid)Including listed investors, debtors and relevant information per project. For anyone that wants insights in the investment / funding solar landscape in Kenya. More

Additional $3M USD funding raised by Kenyan energy company SolariseThe funding will be used to offer specialized financing options for decentralized energy solutions to selected commercial and industrial (C&I) clients. More

Safi Power Commissions Rooftop Solar System for Kenyan Bottling CompanyThis project a result of financing agreement between Safi Power and Spark Energy Services, a finance platform managed by Camco Clean Energy. More

Rest of Sub-Saharan Africa

Chad - The AfDB is announcing financing of $21.51M USD for clean energyThe funding is coming from African Development Fund (ADF). The Green Climate Fund (GCF), G5 Sahel and the US through the Power Africa initiative. More

Seychelles - Inauguration of the countries second solar PV plant, 5MWThe park is part of the ADFD and International Renewable Energy Agency (IRENA) Project Facility. More

Togo - €3.73M from ADF and SEFA to prepare the deployment of solar mini-gridsThe €3.73 million funding is provided by the African Development Fund (ADF) and the Sustainable Energy Fund for Africa (SEFA). More

Côte d’Ivoire - Commission of the countries first solar power plantConstruction required €40 million, co-funded by a loan of $27.5 million by KFW, €9.7 million grant from the European Union. Côte d’Ivoire contributed the rest. More

Zimbabwe - 50MW solar farm in Matebeleland South, Zimbabwe, approvedIt includes a partnership between the Bulawayo City Council and Williams Engineering and the solar farm will be build  at Ncema Dam. More

World Bank Group financing West Africa Power ProjectThe World Bank Group’s International Development Association (IDA) is investing $311 million into the Regional Emergency Solar Power Intervention Project (RESPITE). More

Gridworks to invest up to $50M in African distributed renewable energy companyGridworks’ investment will fund new projects across the continent, including in Burundi, Malawi, Zambia and Kenya. More

Climate expert interview on derisking clean energy investment to attract capitalSubstantial investment in the African sector is required to bypass conventional sources and directly implement sustainable energy systems on the continent. More