News Update - July 2025: Part 2

South Africa

AIIM Exits 10% in 73 MW Kalkbult Solar PV Plant to Gaia Renewables 1
The sale of the REIPPPP developed project forms part of a broader deal, including Linde Solar Plant. which is approx. $41.1M USD (750 million ZAR) More

AIIM Sells 10% Equity in 38 MW Linde Solar PV Project to Gaia Renewables 1
The Linde project was developed under the REIPPPP and has operated under a long-term power purchase agreement with Eskom. More

Candi Solar Secures $24M USD to Accelerate Growth
The new capital includes a $20M USD convertible loan from Norfund and STOA and a $4M USD increase to its existing mezzanine facility with the EEGF. More

Eskom Launches EPC Tender for 72 MW Solar Plant at Komati
The selected contractor will be awarded a three-year turnkey contract, funded by the World Bank. The contract includes an 18-month phase. More

Mergence Commits Additional $3.29M USD to Solarise Africa
The deal is structured as mezzanine funding through preference shares, the capital will support the rollout of solar PV and hybrid energy systems for C&I. More

Red Rocket Awarded Dwaalboom 3 Solar Plant
The plant will deliver power to the national grid through a 20-year Power Purchase Agreement, with Eskom expected to serve as the off-taker. More

Virginia 4 Solar Plant Awarded to Red Rocket
Financial close is anticipated within the next 12 to 18 months, pending completion of negotiations with the Department of Electricity and Energy. More

Red Rocket Awarded Dwaalboom 3 Solar Plant
Red Rocket, MBY Energy, and Jade-Sky Energy form the project consortium for this project and the other two projects. More

Scatec Awarded Oslaagte Solar 2 Plant
The project is one of three developments comprising the 846 MW Kroonstad PV Cluster in the Free State province and part of a 20-year Power Purchase Agreement. More

Scatec Wins Oslaagte Solar 3 Plant
Oslaagte Solar 3 will operate under a 20-year Power Purchase Agreement and is expected to reach financial close in 2026. More

Scatec Awarded Leeuwspruit Solar Plant
The full cluster carries a capital cost of $735 million USD (ZAR 13 billion), and the financing process is expected to reach closure in 2026. More

Rest of Sub-Saharan Africa

Burkina Faso - Gutami Signs PPP and PPA for 150 MW Solar Plant
The project secured all necessary permits, including environmental and social impact approvals (ESIA), licenses, land rights, and an grid connection by SONABEL. More

Burkina Faso - AfDB’s SEFA Commits $6.5M to Dedougou Solar Plant
The package includes a $2.71M USD senior concessional loan and a $3.79M USD reimbursable grant. The project is also co-financed by FMO. More

Kenya - Sun King Closes $156M USD Securitisation to Expand Solar Access
The local-currency securitisation The securitisation was structured by Citi and placed by Stanbic Bank Kenya. It is backed by seven commercial and developments banks. More

Mozambique - Advances with 400 MW Solar Plant
Mozambique has completed feasibility and environmental studies for a planned 400 MW solar plant, clearing the way for the project to enter the bidding phase. More

Nigeria - AMDA and InfraCredit partner for DRE and MiniGrid Development
The partnership is to strengthen market development efforts and facilitate access to long-term local currency financing for minigrid and DRE development. More

Zimbabwe - CrossBoundary Acquires 13.9 MWp Solar Plant at Blanket Mine
The acquisition, structured under a 17-year power purchase agreement, transfers operations and maintenance responsibilities. More

Zimbabwe - Zimplats Commissions First Phase of 185 MW Solar Plant
The 35 MW solar plant, which cost $37M USD, will supply approximately 8% of Zimplats’ electricity needs. More

PREO Awards $4.6M USD in Grants to Accelerate Clean Energy Solutions
Each selected company will receive between €100,000 and €300,000 to scale or pilot their innovations over the next 12 to 24 months. More

MIGA and CrossBoundary Energy Sign $495M Framework to Scale DRE
The deal supports the deployment of distributed renewable energy (DRE) projects in up to 20 African countries. More