News Update - May 2025: Part 1

Nigeria

Bboxx Nigeria Gains Access to $300M USD World Bank-Backed Fund
Bboxx Nigeria has secured access to a $300 million funding facility under the World Bank-backed Nigeria Electrification Project. More

FG Commissions 2.5 MW Solar Hybrid Plant at Nigerian Defence Academy
The project, implemented by the REA under the Federal Ministry of Power, is part of the second phase of the EEP II, funded by the World Bank. More

REA Confirms Roll Out Solar 8 of Additional Universities
This follows last month’s announcement that 37 federal universities and as many tertiary hospitals across Nigeria are to have solar hybrid systems installed. More

Sun King Secures $80M USD Local Currency Loan to Expand Solar Access
he financing was jointly arranged by the International Finance Corporation (IFC) and Stanbic IBTC Bank. More

Rest of Sub-Saharan Africa

Chad - Release by Scatec Holds Official Launch Ceremony for Klessoum Solar Plant
The national utility, Société Nationale d’Électricité du Tchad (SNE), is the local implementation partner, and the IFC is supporting the project financially. More

Namibia - Oshakati Premier Electric Launches Construction of 5 MW Solar Plant
The new plant, owned by Premier Energy, an entity fully owned by OPE, feeds directly into the regional electricity network. More

Mauritania - Secures $11M USD grant from French Development Agency and EU
The off-grid project encompasses construction, connection, installation of distribution lines and expansion of solar power capacity by 0.8 MW. More

South Africa - Wetility Repays Innovation Fund Loan Early
South African solar energy company Wetility has completed early repayment of its venture loan from the MultiChoice Innovation Fund (MIF). More

Togo - $29.6M of AfDB Financing secured for 62 MW Solar Plant
The funding includes a 20.7M USD loan from AfDB and a $8.9M USD concessional loan from the Sustainable Energy Fund for Africa (SEFA). More

Zambia - Construction Begins on $65M USD Solar Plant by GEI Power and YEO
With an estimated investment of $65 million, the plant is expected to supply clean energy to over 65,000 households upon commissioning in September 2025. More

AXIAN Energy Secures $5.6M USD SEFA Grant to Advance Pipeline
The grant is given to support the early-stage development of its renewable energy portfolio across multiple African countries. More

Grid Africa and TCL Solar Partner to Deliver Distributed Energy Solutions
Grid Africa has partnered strategically with TCL Solar, a PV technology provider, to deliver innovative distributed energy solutions to Zimbabwe and Zambia. More

BioLite Acquires Majority Stake in Baobab+
Baobab Group has completed the sale of its majority shareholding in Baobab+, an off-grid solar energy subsidiary, to BioLite. More

More Chinese Energy Investments in Africa Are Going to Renewables
Solar and wind power make up 59% of China’s energy projects on continent and it’s a key market for the technology, think tank says. More

IFC and Canada Support Husk Power Systems with $5M USD
The IFC, with support from the Government of Canada, has committed a $5 million investment to Husk Power Energy Systems Nigeria Limited. More