News Update - July 2024: Part 2

South Africa

Free State Mayor unveils 241M USD Khautha solar project
The mayor introduced NOA, the company selected to lead the ambitious 350MW Khautha Solar Project. More

Cox acquires the Khi Solar One solar thermal plant
This transaction is pending approval from local authorities. The remaining 49% of the plant will continue to be held by local partners. More

SOLA and Tronox commission 200 MW renewable energy projects
The projects will provide clean energy to Tronox Mineral Sands via the Eskom Transmission Network through a Wheeling Agreement. More

Energy Partners completes first solar facade skyscraper
Energy company Energy Partners has completed a project at property investment company Fairvest's Metalbox skyscraper. More

Engie starts construction on 75 MW Grootspruit solar PV plant
The power plant which is being built will be operated in partnership with Pele Green Energy. More

Tharisa signs wheeling PPA with Etana Energy
This 15-year agreement aims to provide up to 44% of the Tharisa Mine’s electricity needs in the Western and Northern Cape starting in 2026. More

Rest of Sub-Saharan Africa

Angola - US's EXIM approves $1.6B USD including rural solar energy
The transaction, involving ING Capital, Sun Africa, and Omatapalo, includes the the construction of 65 solar photovoltaic energy mini-grids. More

Angola - Hitachi Energy has been contracted by MCA
The company has been selected to deliver the design, main power equipment supply, testing and commissioning services financed under the Swedish Export Credit System. More

Botswana - Botala Energy-led consortium secures solar project tender
The consortium was awarded a tender of BPC for a 4MW solar power plant. The consortium has a 49% ownership, construct and operate the facility. More

Burkina Faso - AECF launches $1.83M USD project to promote solar
This initiative is funded by the Luxembourg Cooperation through LuxDev to subsidize facilities for 25 private companies and qualify five companies for solar system installations. More

Gambia - Signs $33.3M USD contract to solarize schools, hospitals
The contract was signed with Ecosys and Sino SOAR, the financing is part a $129M USD funding agreement with the European Union and EIB. More

Ghana - Volta River Authority (VRA) acquires land for 20 MW solar plant
The project is part of the government’s effort to ensure that the Oti region had its fair share of energy generation. More

Ghana - Helios unveils 16.82 MW solar rooftop project
The Project is fully funded by the International Finance Corporation (IFC) as part of $30M USD clean power and water deal with LMI Holdings, Helios parent company. More

Kenya - AFD to finance the deployment of 42 MWp of solar energy
French Development Agency (AFD) has reached an agreement with Kenya Electricity Generating Company (KenGen). More

Liberia - LEC launches tender for 20 MW solar PV plant project
Liberia Electricity Corporation (LEC) announced the call. This initiative which is part of the RESPITE Project and will be financed by the World Bank. More

Mozambique - EDM plans to build a 100 MW floating solar power plant
The solar power plant will be financed by the African Development Bank (AfDB), through SEFA. More

Namibia - Bezant signs nonbinding agreement to roll out solar solution
A nonbinding LOI was signed to enter into a partnership with CrossBoundary Energy Management and Eversolar to supply power to Hope and Gorob copper/gold project. More

Nigeria - Slash Energy and Katsina State announce 200 MW project
This initiative is to become the largest renewable energy project in West Africa and address energy shortage. More

Nigeria - Baobab+ Nigeria partners with digital lender Imperium
The partnership will offer loan schemes to ease businesses and individuals’ transition to solar energy. More

Senegal - Afreenergy Solar acquires GreenYellow solar assets
The company purchased GreenYellow’s shares in a portfolio of three operational rooftop solar power plants in Senegal, totaling 2.6 MWp. More

Senegal - Africa REN starts construction at Walo Storage Project
The project will include the construction of small solar photovoltaic plants, injecting 16 MW of solar energy funded by EAIF and FMO. More

Sierra Leone - Infinity Power plans to develop 1 GW renewable energy capacity
The JV with Infinity Group and Masdar announced a MOU with the government to develop 1 GW capacity in phases by 2033.
More

Zimbabwe - InfraCo Africa invests $1.5M USD in solar project IPP
InfraCo Africa invests progress development of the 30MWac Vungu Solar project, the first internationally project financed solar. More

Zimbabwe - Kuvimba to build 6 MW solar plant at Freda Gold Mine
Mining group Kuvimba Mining House says it has embarked on a project to instal a 6 MW solar plant at its subsidiary Freda Rebecca Gold Mine. More

d.light closes $176M USD securitization facility for off-grid solar
This new facility, provided by asset management company African Frontier Capital, will be used to purchase $176 million of receivables in East Africa. More

CEI Africa invests $400k USD in EWIA Green Investments GmbH
The investment comes in as part of EWIA’s crowdfunding campaign on FunderNation, which closed at $1.28M USD. More

CEI Africa drives energy provides $5.6M USD in mini-grid grants
CEI Africa announces intentions to award the grants in results-based financing (RBF) grants to three GMG developers: OnePower, KUDURA, and EP. More

Gaia to raise $200M for Africa in Luxembourg climate fund
Investors are conducting their due diligence checks and some have committed to provide the first $50-million this year. More

Mirova Gigaton Fund provides $20M USD debt funding to ManoCap Energy
This additional debt funding will enable ManoCap to expand its business in its key markets in Ghana and Sierra Leone and into neighbouring countries. More