News Update - June 2023: Part 1

June 15, 2023

Nigeria

All On, GEAPP commit $11M USD to support 25 mini-grid projects
The funding will be provided through the Demand Aggregation for Renewable Technologies (DART) program. More

The Nigeria Solar Investment Report 2022 provides funding landscape insights
Includes listed investors, debtors and relevant information for the top 50 project. For anyone that wants insights in the investment / funding solar landscape in Nigeria. More

GEAPP and CHD mobilize $50M USD to boost renewable energy
Local currency facility aims to deploy US$50M into Distributed Renewable Energy (DRE) projects across Nigeria. More

Scatec closes $52M USD transaction to divest Upington solar plants
The gross consideration for divestment of Scatec’s 42% equity-share in the 258-megawatt (MW) plants is ca. $53M USD(ZAR 973M). More

Cape Town’s electricity wheeling pilot gets the greenlight
Cape Town Mayor Geordin Hill-Lewis has announced that 15 commercial electricity suppliers will start wheeling electricity. More

Signet Terrace Shopping Centre inaugurates 975.7kWp solar plant
The power plant is a collaboration between the shopping centre, Solarise Africa, Nuvo Energy Africa and One Stop Solar. More

Anuva Green Energy seeks to expand solar energy funding
The company has forged strategic partnerships with several top solar energy companies to provide capital. More

Angola - $42M USD solar plant goes into operation
The first phase of the Caraculo photovoltaic solar power plant officially entered service on 31 May 2023. More

Angola - US EXIM Bank approves $900M USD for two solar project
The two solar PV plants – set to be developed by U.S. firm AfricaGlobal Schaffer and U.S. project developer Sun Africa. More

Kenya - Discover Kenya's funding landscape in the Solar Investment Report 2022
Includes listed investors, debtors and relevant information for the 50 top projects. For anyone that wants insights in the investment / funding solar landscape in Kenya. More

Mauritania - $14.3M USD green electricity program from EU budget
The support includes investment for the installation of mini solar energy networks in rural areas. More

Senegal - KfW financing new mini-grid project with $138.8M USD loan
AsantYs System will develop the mini-grids with the support of German company Gauff Engineering. More

Zimbabwe - UNDP powers 1000 rural clinics with solar
The solar for health programme funded by the UNDP, Global Fund and the Health and Child Care ministry. More

BGFA invests $10.4M USD, additional $16.8 USD expected
FINCA Plus LLC Uganda, Sun King (Greenlight Planet Zambia Limited), Qotto SARL BF and Advens Bboxx Burkina Faso SAS are funded. More