News Update - July 2025: Part 1

DR Congo - Altech’s Bond Fully Subscribed and Launches Final Round
The company’s previous bond raise of £500,000 was fully subscribed in just over a week, Energise Africa launches final round for Altech. More

DR Congo - CrossBoundary and Standard Bank Announce $60M USD Financing Deal
The $60M USD subordinated debt facility is to accelerate early-stage procurement for Kamoa Copper S.A. Solar Plant More

Madagascar - GSU Signs Agreement to Develop 50 MW Solar Plant
Abu Dhabi-based renewables developer Global South Utilities (GSU) has signed an agreement with Madagascar’s Ministry of Hydrocarbons and Energy. More

Nigeria - NDPHC Partners with NASENI and Haier to Deliver 20 MW Solar Plant
Both formalized a Joint Development Agreement to build a 20 MW embedded solar plant for the Challawa Industrial Area in Kano State. More

Nigeria - REA Expands Off-Grid Power Access with New Solar Mini-Grid Agreements
The Nigerian government’s Rural Electrification Agency (REA) has signed grant agreements with four private developers under the Nigeria DARES programme. More

Nigeria - ENGIE and CrossBoundary Commission 15 New Mini-Grids
The mini-grids are part of a $60M project finance agreement under which CrossBoundary is financing and ENGIE constructing and operating. More

South Africa - African Development Bank Approves $474.6M Loan
Structured around enhancing energy security through power sector restructuring, supporting a low-carbon and just transition, and improving transport efficiency. More

South Africa - Solarise Africa Commissions 1.2 MWp Off-Grid Solar Plant
The solar plant is developed using Solarise Africa’s flexible financing model, the project supports South African tax incentives and if on and off-grid. More

South Africa - Solarise Africa Commissions 1 MW Solar Plant for Genade Boerdery
This installation was financed using South Africa’s Section 12B tax incentive. Construction and energy solutions firm Broad Sky led the implementation. More

Togo - ATIDI’s RLSF to Support the Sokodé Solar PV Project
Developed by Meridiam and the French multinational power utility, Électricité de France (EDF), the grid-connected plant will sell electricity exclusively to the national utility. More

Zambia - President Hichilema Commissions 100 MW Solar Plant
The financial structure included $71.5 million in commercial debt from Stanbic Bank Zambia. More

Zimbabwe - SANY Starts Construction 10 MW Solar Plant
SANY Silicon Energy has officially broken ground on a 10 MW solar power plant for Runtu Mining Company. More

IRENA Opens Call for African Renewable Energy Projects
Eligible projects can be on-grid, off-grid, centralized and decentralized distribution renewable energy facilities or grid infrastructure projects. More

CEI Africa Secures Additional Grant from SDC to Scale PUE Solutions
Swiss Agency for Development and Cooperation (SDC) provides an additional grant of approx. $4.45M USD to support the SOF component of its energy access program. More