News Update - July 2024: Part 1

Nigeria

REA Signs MoU with 5 renewable energy companies
MoU was signed for the delivery of a combined 1,265 MW capacity of DRE projects, including IMGs, isolated mini-grids, C&I, and PUE. More

REA and Mercy Corps partner to enhance electricity access
This collaboration seeks to bolster electricity cooperatives and improve electricity access across rural communities in Nigeria. More

South Africa

SolarSaver completes solar installation at two hotels
The installations are overseen using SolarSaver’s rent-to-own model, with the company maintaining ownership and take charge of the O&M. More

Revego Fund Managers seeks new investors
The fund manager wants to raise about 3 billion rand ($165M USD) to invest in projects to add to the 2 billion-rand Revego Africa Energy Fund. More

Imposes 10% import tariff on solar panels
ITAC) has imposed a 10% import tariff on solar panels to protect local manufacturers, attract investment, and deepen the value chain. More

Energy minister vows change with ‘aggressive’ renewables roll-out
According to the minister this includes significant investments in solar and wind projects, particularly in regions like the Northern Cape​. More

SPS acquires two 5MW solar projects in Malmesbury, Swartland
This was done through the purchase of the shareholding in Slimsun Too (Pty) Ltd. SPS further announced the signing of a PPA with Energy Exchange. More

Rest of Sub-Saharan Africa

Côte d’Ivoire - InfraCo Africa invests to develop a 50 MWp solar plant
InfraCo and Africa Via signed a concession agreement with Ministry of Mines, Petroleum, and Energy, the Ministry of Finance and Budget and more. More

Mozambique - BGFA opens new funding round to support PUE providers
This is BGFA’s sixth Call for Proposals to incentivise clean off-grid energy solutions in Sub-Saharan Africa. More

Somalia - Government issues tenders for 46 off-grid project, total 5 MW
The projects are part of the government’s Somalia Electricity Sector Recovery Project (SESRP), world bank funded, launched in 2022. More

South Sudan - Finnfund invests in CREI
he project will contribute to a significant increase in solar power production and a decrease in diesel usage. More

Zimbabwe - RIC Energy Africa delivers installation for Varun Beverages
The solar installation is developed by Distributed Power Africa and co-financed and constructed by RIC Energy Africa. More

Africa50 and IRENA entered into $100M USD partnership
The funding will be used to finance and co-finance energy transition and renewable energy infrastructure projects across Africa. More