News Update - March 2025: Part 2

South Africa

Mulilo Secures Financial Close for 75 MW Du Plessis Dam Solar PV2 Project
The financial close was achieved through a consortium, including Pepper Tree Capital, Bowmans, ENS, and Standard Bank as the Mandated Lead Arranger. More

SPS and Darling Green Country Estate Commission 1 MW Solar Plants
SPS played a central role in delivering the project, offering both technical expertise and funding as a complete solution provider. More

IBC SOLAR Acquires SolarWorld and Expands in Africa
BC SOLAR has been present with its own subsidiary in South Africa since 2017. To further expand market shares across the entire African continent. More

PPC and Yellow Door Energy Sign 24.5 MW Solar Power Agreement
The agreement operates under a solar wheeling model, in which YDE’s solar plant in Leeudoringstad, will supply renewable electricity via the Eskom grid. More

GreenYellow and AJP Group Partner on 4.6 MW Solar Rollout Across 10 Malls
GreenYellow will be responsible for the operation and maintenance of the systems. The project is structured under a third-party financing model. More

Enpower Trading and Ivanplats Sign 10-Year Deal for the Platreef Mine
Enpower Trading has signed a 10-year wheeling power purchase agreement with Ivanplats, a subsidiary of Ivanhoe Mines Ltd. More

Rest of Sub-Saharan Africa

Eritrea - Teseney 6 MW Mini-Grid Project to Boost Energy Access
Eritrea is set to roll out a 6 MW mini-grid project in Teseney under the Desert to Power framework, aiming to provide stable electricity supply to the region. More

Eritrea - Barentu 3 MW Mini-Grid Project To Improve Rural Electricity Access
The Barentu mini-grid will be developed in collaboration with the Ministry of Energy, the Eritrea Electricity Corporation (EEC), and private sector companies. More

Eritrea - Start 3 MW Kerekebet Mini-Grid Project
The project is part of a $19.5 million grant agreement signed between the Eritrean government and the AfDB. The financing, sourced from the Bank’s TSF. More

Kenya - CEI Africa Provides $4.475M USD to Renewvia to Expand Mini-Grid
The financing package comprises of a total USD 4.475M senior secured loans. Additionally, CEI Africa has awarded up to USD 4.2M in (RBF) grant funding.

Nigeria - Rivy Secures $4M USD in Pre-Series A Funding
The round includes $2 million in equity and $2 million in debt, with support from climate-focused investors such as All On and EchoVC Eco. More

Tanzania - ATC to Develop 10 MW Solar Farm and Training Centre in Kilimanjaro
The project will be developed through a partnership between ATC and International Solar Alliance (ISA), following the signing of a Memorandum of Understanding. More

MPower Ventures Secures $2.7M to Scale Solar Energy Solutions Across Africa
There has been raised $860,000 on Klimja and $1.85M on Republic. Alongside, CEI Africa has announced an investment of $1.2M, in equity and subordinated loan. More