News Update - June 2024: Part 2

Nigeria

Zinox Technologies Limited unveils plan to invest over $250M USD
This will be done in partnership with renewable energy companies in China, the United Kingdom, South Africa and Dubai as partners. More

All On announces $395k USD grant to Ceesolar Energy for mini-grid power project
It marks the first beneficiary of the Niger Delta Grant program, a collaborative initiative designed to bridge the energy gap in the Niger Delta region. More

South Africa

L2D completions South Africa’s largest registered rooftop solar installation
Liberty Two Degrees (L2D) completed the second phase of the project, 5 MW, bringing the total capacity to 6 MW. More

Decentral Energy installs 1 MW solar at Christiana Maize Mill
The project is a PPA between Decentral Energy and GWK Farm Foods’s Christiana Maize Mill. More

Blue Energy Africa enters into 20-year PPA with Borbet
The installations includes 5 MW of solar PV panels installed integrated with a 4 MWh battery energy storage system. More

Blue Energy Africa built 435 kW solar system for Naboom Plastic
Infrastructure asset class specialist asset management company Gaia Fund Managers’ Renewables Real Estate Investment Trust funded the project. More

SolarAfrica breaks ground on SunCentral 1 GW solar farm
Construction has begun on the $275M USD development, marking Phase 1 of the IPP’s flagship utility-scale project. More

Rest of Sub-Saharan Africa

Cameroon - Infinity Power and Cameroon West Regional Council sign MoU for 4GW
This initiative will encompass various technologies, including solar, battery storage, wind, hydro, and biomass and it done is phases. More

DRC - MIGA guarantees $50M USD for Nuru’s mini-grids
The Multilateral Investment Guarantee Agency (MIGA) is issuing a $50.3 million guarantee to Congo Energy Solutions (Nuru). More

Guinea-Bissau launches $78M USD solar power project
The World Bank disbursed $30M USD. IDA is expected to contribute $35M USD, $2.65M USD grant from ESMAP. GCF is pledging $10.5M USD. More

Liberia - Country is to receive $45M to finance the RESPITE
The funds are to finance the Renewable Energy Solar Power Intervention Project (RESPITE) and enhance renewable energy infrastructure. More

Republic of the Congo - AMEA Power selected to build 100-MW solar farm
The company has inked a memorandum of understanding (MoU) on the project with the Government. More

Rwanda - BYD partners with Rwanda’s Ampersand for 40,000 E-Motorcycles
The deal is to to build 40,000 electric motorcycles in Kenya and Rwanda by the end of 2026. More

Rwanda - ARC Power and Government Of Rwanda announce partnership
Under the agreement, ARC Power will work closely with the Rwanda Energy Group for grid extensions and the installation of solar units. More

Zambia - KNBEPC starts pre-construction work for 100 MW solar project
ZESCO’s subsidiary Kariba North Bank Extension Power Corporation (KNBEPC) undertakes the project with PowerChina building the solar plant. More

Zambia - ENGIE Energy Access commenced construction of 15 solar mini-grids
MySol Grid Zambia, a unit of ENGIE Energy Access, is responsible for constructing, owning, operating, and maintaining these mini-grids. More

Zimbabwe - Zimbabwe plans to install floating solar panels
The country’s secretary for Energy and Power Development, Gloria Magombo, confirmed an initial 150 MW of solar will be installed on the surface of Lake Kariba by early 2025. More

Inspired Evolution achieves second close of Evolution III
Commitments from ten new investors including Mauritius Investment Corporation (MIC), who committed up to USD 20 million. More

Orange Energies extends platform to energy producers
Orange Smart Energies is now accessible to all energy producers in Africa and the Middle East. More