News Update - February 2024: Part 2

Nigeria

Arnergy has secured $3M USD in additional funding
The bridge financing was provided by All On, an off-grid energy impact investment firm backed by Shell. More

InfraCredit mobilises solar project facility to electrify 3597 households
The facility came under a co-financing arrangement with the climate finance blending facility with $12.65M USD seed funding from the UK FCDO. More

Federal government inaugurating a 91 kWp Solar Mini-Grid
Federal Government and SAF-AGA Renewable Energy Ltd. The project has the capacity to power 330 households and potential for expansion to 596. More

D.light and Chapel Hill Denham close $7.4M USD in securitized financing
Funding provided by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund and will be used to scale up d.light’s low-cost Pay-Go solar offering. More

EU plans fresh $41.1M USD investment in Nigeria’s power sector
to boost hydro and solar power for healthcare facilities and rural electrification with isolated and interconnected mini-grid projects, among others. More

South Africa

Hohm Energy raises $8M USD to drive solar revolution
The round was led by E3 Capital and 4DX Ventures and attracted participation from new investors. More

Kimberly-Clark signs PPA for 2.2 MW solar plant
The company has signed a long-term power purchase agreement (PPA) with energy company Energy Partners (EP). More

Teraco to build $106M USD solar facility to power its data centers
To develop the 120 MW solar PV plan, Teraco has partnered with Juwi Renewable Energies South Africa and Subsolar. More

Gauteng unveils plan for 800 MW solar farm
The long-term plan, approved in collaboration with the Sibanye-Stillwater Board, involves leasing land to six independent power producers. More

NERSA: Total renewable investment value of $408M USD third quarter
124 new generation facilities registered totaling 605 MW during the third quarter (October to December) of the 2023/24 Financial Year. More

Anglo American Platinum enters into agreement with Envusa Energy
Envusa Energy will supply 460 MW of renewable energy generated through its Koruson 2 solar and wind projects, via the Eskom electricity grid. More

Yellow Door Energy launches 48 MW solar plant
Substantial portion is committed to companies, with negotiations for power purchase agreements (PPA) for the remaining capacity underway. More

Rest of Sub-Saharan Africa

Botswana - Actom secures contract for 60 MW phase of Selebi-Phikwe
This phase is being developed through collaboration between the Botswana Power Corporation (BPC) and renewable energy company Scatec. More

Botswana - Solarcentury signed partnership agreement with ENRC
The project has already received a power generation license and concluded its grid impact assessment. More

DR Congo - SkyPower and AFC to jointly develop solar power project
The two entities will jointly invest and develop the 200 MW first phase of a 1,000 MW solar power project. More

Lesotho - Astra Energy wants to develop 100 MW in Lesotho
The company has entered into a partnership with the Lesotho National Development Corporation (LNDC). More

Mozambique - SIMA Funds invests into Ignite Power for expansion
With this additional investment, Ignite Power intends to significantly expand its operations and presence in the country. More

Zambia - Zamcapitol and Ministry of Defence launch 15 MW solar plant
The solar power project is set to unfold in stages, with the initial 15 MW contributing to the national electricity grid upon completion. More

Ecoligo receives $11.9M USD in capital for continued growth
The participation includes two new investors, The Energy Entrepreneurs Growth Fund and Gaia Energy Impact Fund II. More