News Update - November 2024: Part 1

Nigeria

Paras Energy to execute solar power project for UMZA
Paras Energy signs PSA with Empower New Energy to develop, finance, construct, and operate a hybrid solar PV and battery plant for UMZA. More

REA commissions 100 kW solar hybrid mini-grid
Through the ongoing 2nd Call of the REF, a total of 51 mini-grids will be constructed to serve unserved and underserved communities nationwide. More

EU delegation to Nigeria and ECOWAS fund 119.5 kW solar mini-grid project
The solar project, which provides 119.5 kW of electricity to over 600 households and businesses in the community, was implemented by GIZ. More

MoU signed with China 18th Engineering for 100 MW solar energy project
Expected is that the agreement will soon advance to a formal contract phase, setting the groundwork for project implementation. More

Azura Power West Africa unveils a 240 kW installation of solar car park at UNN
The solar installation at University of Nigeria Nsuka will cater for approximately 2,650 engineering students, meeting 75% of the faculty’s energy needs. More

FCMB offers 18k USD loans to promote clean energy solution
FCMB announced that it is offering up to 18k USD to help households and small businesses procure solar panels, batteries, inverters, and other clean energy equipment. More

South Africa

AIIB Commits $79M USD to ENGIE’s sustainability-linked green loan facility
AIIB, along with IFC and Proparco, will provide the green sustainability-linked loan facility to enhance ENGIE’s clean energy assets in Poland and South Africa. More

Eskom secures licenses for 125 MW of solar
The licences are for a 75 MW solar facility in Free State province and a 19.5 MW solar project in Western Cape province. More

Teraco commences construction on 120 MW utility scale solar power plant
Teraco will own the 120 MW solar PV plant and wheel the renewable energy to its data centres. Teraco has partnered with juwi and Subsola. More

Rest of Sub-Saharan Africa

Namibia -Solarcentury Africa partners with Sino Energy for $19M USD solar plant
Financial closure for 19.3 MW Gerus solar PV plant was achieved in 4th quarter of 2024, construction soon to start and commercial operation expected by mid-2025. More

Senegal - Axian secures EUR 84m in debt for solar-storage park in Senegal
The debt financing transaction was led by Emerging Africa & Asia Infrastructure Fund (EAAIF), FMO and DEG. More

Zambia - ZEDSI financing mechanism launched
The mechanism, led by SEforALL and supported by the Zambian government, aims to support the President’s initiative to electrify 1,000 mini-grids across the country. More 

Zambia - India to speed up building 400 MW solar power plant
India will accelerate the setting up of a 400 megawatts (MW) solar power plant it offered Zambia under the International Solar Alliance (ISA). More