News Update - February 2025: Part 2

South Africa

SolarAfrica reached final close of $98M for SunCentral solar project
This milestone, backed by Rand Merchant Bank alongside Investec, sets the stage for one of the largest utility-scale solar projects in the country. More

Atlantis Foundries officially launches 13.5 MW solar plant
The system is designed, financed, built, and operated by engineering firm Energy Partners. More

ACSA plants 2.5 MW solar installation for Cape Town International Airport
Airports Company South Africa (ACSA) has issued a tender for the design and construction of a 2.5 MW solar plant at Cape Town International Airport. More

ACSA issues tender for 2 MW solar plant at King Shaka International Airport
The scope of work includes the design and installation of the solar system. interested bidders can respond before the March 17 submission deadline. More

Averi Finance acquires 50% Stake in Salika SG to advance renewable expansion
Salika SG is involved in projects such as the 100 MW Klipfontein Solar PV, 400 MW Wolwekop Solar PV, and the 800 MW and 600 MW Veldriff Solar PV initiatives. More

Decentral Energy secures 15.7M USD to expand renewable energy portfolio
The financing from Futuregrowth Asset Management will enable Decentral Energy to scale up its integrated energy asset portfolio. More

NOA is gearing up to supply wheeled renewable electricity after license approval
The recent approval of their licence enables NOA Trading to aggregate energy from the company’s own renewables generators and other IPPs and supply it to Eskom. More

Neosun Energy begins construction of 800 kW Solar Facility for Jet Park
The project is developed in partnership with Palisades Business Park which will benefit from the 12B Tax Incentive, qualifying for a 56.25% tax claim on the investment. More

OR Tambo International Airport tender for 5 MW solar plant development
The selected contractor will be responsible for designing and installing the solar PV plant within the airport’s premises. More

Rest of Sub-Saharan Africa

Côte d’Ivoire - AMEA Power begins construction on $60M USD Solar Plant
AMEA Power has officially launched the construction of the 50MW Bondoukou Solar Plant financed by FMO and DEG. More

Ethiopia - Country signs MoU with ATIDI to support renewable energy projects
designed to accelerate Ethiopia’s transition to clean energy by attracting foreign investment into renewable energy projects through ATIDI’s RLSF. More

Kenya - BII increases support for SunCulture with $4M USD investment
This latest funding aims to expand SunCulture’s market reach and improve financial accessibility for smallholder farmers. More

Malawi - InfraCo Africa sells stake in Golomoti solar project to Old Mutual
InfraCo has signed an agreement to sell its 25% stake in Golomoti JCM Solar Corporation Ltd to Old Mutual Malawi. More

Namibia - Appian Capital acquires majority shareholding in Rosh Pinah Solar Park
Appian has announced the acquisition of a majority shareholding in Rosh Pinah Solar Park from Emesco Energy. More

Namibia - Appian Capital expands Rosh Pinah Solar Park with 11 MW
Appian has unveiled plans to expand the capacity of the Rosh Pinah Solar Park from 5.4 MWp to 16.3 MWp after acquiring a majority shareholding in the solar plant. More

Nigeria - Husk Power seeks $400m to boost Nigeria operations
The company aims to raise up to $400m from the capital markets this year in a bid to significantly expand its presence in Nigeria and break into new African markets. More

Nigeria - REA commissioned Bakin Ciyawa and Kwande Mini-Grid
The Kwande 160kWp mini-grid and Bakin Ciyawa 39kWp mini-grid are funded under the Interconnected Mini-Grid Accelerated Scheme (IMAS). More

Zimbabwe - Solarcentury and Chariot announce signing of a partnership
Solarcentury Africa and Chariot Limited Transitional Power signed the strategic partner to develop a large scale solar plant in Zimbabwe for the Karo Platinum Mine. More

DEG commits $54M USD to FEI to expand renewable energy in Africa
The funds are to scale small-scale decentralized renewable energy (DRE) projects across Africa. More