News Update - December 2025: Part 2

Kenya - AAAS Energy Secures Full Financing for Karanja Orchard Solar Plant
The project raised $174,000 from 97 investors through the crowdfunding platform bettervest. More

Mauritania - Secures €39M EUR French Loan to Build Ten Solar Power Plants
The countries formalized a preferential loan agreement worth €39.2M EUR to construct ten solar power plants equipped with storage systems. More

Namibia - NamPower Opens a Solar Tender of 120 MW
NamPower opened a tender for the procurement of six 20 MW solar plants on an independent power purchaser basis. The bid closing date is January 30, 2026. More

Nigeria - Empower New Energy Expands Nigeria Portfolio with 4 MW
New agreements are signed to develop two commercial solar-plus-storage projects, partnering with Jendol Superstores and Juddy-Bolema Industries. More

Nigeria - UNDP and REA Commission 50 kWp Solar Mini-Grid
The project forms part of the Africa Minigrids Programme and is delivered through a partnership between the UNDP, the REA and the Global Environment Facility. More

South Africa - Candi Solar Secures $58.5M USD IFC-Led Facility
Candi Solar has secured a $58.5M USD syndicated debt facility led by the IFC. Growing provider of distributed solar and battery solutions for C&I consumers. More

CrossBoundary Energy Secures $200M Senior Debt
CBE closed the second tranche of a portfolio financing facility arranged by The Standard Bank of South Africa, adding $200M USD in senior debt. More