News Update - June 2024: Part 1

South Africa

TNPA selects the Amulet as preferred bidder for 20 MW solar plant
Amulet Group Consortium is selected as preferred bidder to build and operate Transnet National Ports Authority’s solar plant at Richards Bay. More

AMEA Power secures $108M USD financing for 120 MW solar plant
The funds include $100M USD in debt from Standard Bank South Africa and $8M USD in equity from Industrial Development Corp for local partners. More

Tronox secures 200 MW renewables offtake under PPA with NOA Group
Tronox agreed to procure electricity from over 200 MW of wind and solar parks for its South African mines and smelters from NOA Group. More

Candi Solar secures $38M USD funding to accelerate clean energy
It was a Series C funding round securing $38M USD in equity investment. The round was led by Norfund, Kyuden International, and STOA. More

Rest of Sub-Saharan Africa

Angola - Ministry of Energy and Water signs contract Off-Grid Europe
The project supplies of 62,250 solar home systems is set to provide electricity to at least 350,000 people, the majority of whom live in rural areas. More

Cameroon - Release by Scatec reaches agreement authorities and Eneo
Release by Scatec adds 28.6 MWp of solar power generation capacity to the two plants and 19.2 MWh of battery electricity storage capacity. More

DRC - Beyond the Grid Fund for Africa provides $5.35M USD in RBF
This investment is expected to mobilize $30M USD in additional co-financing over the coming four years. More

Ghana - Government discloses to add 2,000 megawatts of solar power
government would add at least 2,000 megawatts of solar power to Ghana’s energy mix in the next four years. More

Ghana - Ghana launches largest floating solar PV project in West Africa
Ghana has installed a massive solar photovoltaic power system at the Bui Reservoir. More

Ivory Coast - Inaugurates its first photovoltaic solar energy plant
The project, with a total cost of 75.6 million euros, is financed by Côte d’Ivoire, a German loan and a grant from the European Union. More

Liberia - RREA and Rural Solar sign $5.5M USD grant agreement
$1.55M USD from Japan and $4M USD from a combination of IDA Credit to the Government of Liberia ($2.5M USD) and a grant from Japan ($1.5M USD). More

ECOWAS opens its second grant call under its ROGEAP initiative
The grant is co-funded by the World Bank, Clean Technology Fund and the Directorate General for International Cooperation of the Netherlands. More

The AfDB adds $117B USD to its capital to meet the challenge of development
One of the AfDB’s priorities for the next ten years is to accelerate the electrification of Africa. More