News Update - September 2024: Part 1

South Africa

Changa Energy And BT Industrial launch 1MW solar project
The project is developed in partnership with BT Industrial Group, Nuvo Africa, and Candi Solar. More

EIB and FirstRand Bank boost renewable energy investments with $443.3M USD
A € 200 million (ZAR 3.9 billion) loan from the EIB will be matched by FirstRand Bank to invest in renewable energy, in particular solar, wind energy, energy-efficiency. More

Mirova provides $15M USD debt financing to SolarAfrica
Mirova’s Gigaton provides long-term senior secured facility to SolarAfrica, which is Gigaton’s first investment in South Africa. More

Soventix and African Pioneer Group signs 15 MW Solar PV plant
The wheeling agreement through, trading platform PowerX, will be delivering the electricity to the Nelson Mandela Bay Municipality. More

Rest of Sub-Saharan Africa

DRC - Government signs MoU with CMOC for solar power plant
The MoU is to build a solar power plants in the DRC within two years, with a first phase in the province of Lualaba. More

Ghana - BPA adding another 50 MW solar to national grid
The Bui Power Authority (BPA) is adding another 40 MW on land and 10 MW floating onto the national grid. More

Ghana - 640 KWp solar installation at Barry Callebaut’s chocolate factory
Empower New Energy is the plant’s financier and manager. Tino Solutions supported by CMR Group is contractor for the installation, operations and maintenance. More

Guinea - Government plans to build the country’s first solar power plants
The construction of two 35-megawatt power plants and a 30-megawatt plant are underway. More

Kenya - Seven solar mini-grids of $1.8M USD have been installed
The project falls under the Kenya Electricity Modernisation Project and implemented by the country’s Rural Electrification and Renewable Energy Corporation (REREC). More

Kenya - CEI Africa launches smart outcomes component phase 2 to boost PUE
A $1.7M USD grant facility designed to accelerate the deployment of PUE. The funding is provided by KfW and SDC. More

Namibia - NamPower agrees to construct $78.33M USD solar plant
The 100 MW solar financed by KfW and NamPower will be constructed by China Jiangxi, and Chint New Energy Development (Zhejiang). More

Zimbabwe - IDBZ approves 5 MW Gutu Solar Power Plant
The project preparation phase has been supported by funding from the French Development Agency (AFD). More

Zimbabwe - Mining companies seek $182M USD to develop 200 MW
The agreement was signed between Grid Africa and the Intensive Energy User Group. The financing structure will consist of about 70% debt and 30% equity. More

Zimbabwe - Sable Chemical carries feasibility study for 400 MW solar plant
The proposed project is expected to start construction in January 2025 and the first phase is expected to last between 12 and 15 months with connection to the grid. More

Zambia - ZEMA approves 4 solar projects projected to produce 100 MW
The Zambia Environmental Management Agency (ZEMA) has approved four solar power projects with a combined capacity of 100 MW. More

ISA to launch $100 million solar facility for expanding energy access
$39M USD has been communicated, the fund is initially targeting decentralised systems. More

MIGA and ISA announce $10M USD guarantee facility for solar energy projects
MIGA and ISA recently announced the establishment of MIGA-ISA Solar Facility, a multi-donor trust fund that provides cost-effective risk mitigation instruments. More

Clear Blue to power telecom sites in Africa with solar in $4M USD deal
Clear Blue partners with Growth Energy to convert African telecom towers to solar, reducing diesel reliance. More