News Update - September 2024: Part 2

South Africa

Norsk Renewables has received approval of its EA for 315 MW solar facility
With the Environmental Authorization (EA) Norsk Renewables is now set to advance the development and execution of the solar project. More

Powerchina switches on 100 MW Redstone CSP plant in South Africa
The company said that the Redstone CSP plant has achieved grid connection and will supply power to Eskom under a 20-year PPA. More

Scatec closes first phase of solar farm deal with STANLIB
Scatec has sold a portion of its stake in three South African solar farms totalling 190 MW for an enterprise value of USD 1.7 million per MW. More

Hohm Energy begins liquidation after halting operations
Hohm Energy reportedly halted operations due to financial difficulties including challenges in servicing existing debts in August 2024. More

Sustainable Power Solutions (SPS) is to begin 6 MW solar project
The project is in collaboration with Darling Green Country Estate and TouchPoint Energy is done in two phases. More

Neosun Energy secures contract for 1 MW rooftop solar installation
The contract is with Dayizenza Mall in Nelspruit to design and construct a grid-tied solar PV plant. More

Vanadium Resources and China Energy International sign MoU
The MoU exclusively negotiate the supply of EPC services and financial assistance for the development of the Steelpoortdrift Vanadium Project in South Africa. More

Rest of Sub-Saharan Africa

Kenya - Construction is underway for the 2.5MW solar project at Abyssinia Awasi
The solar installation is for Abyssinia Group of Industries and is Empower New Energy's entry into the East African solar market. More

Malawi - Acumen’s Hardest-to-Reach initiative has invested $2M USD in Yellow
The first tranche worth $1 million will be disbursed in US dollars to Yellow Malawi, who will make repayments in Malawian Kwacha. More

Ignite Power signs term sheet with SEFE for a carbon offtake transaction
The transaction will drive the company’s expansion across both West and East Africa, where it is deploying off-grid solar systems. More

CBE announces partnership with iSAT Africa to deliver renewable energy solutions
The partnership is to equip telecom sites across the Democratic Republic of the Congo (DRC) and South Sudan with renewable energy. More

Burkina Faso - AfDB’s Sustainable Energy Fund for Africa approves $6.6M USD
The concessional financing package is to accelerate the designing, constructing and operating an 18-megawatt solar power plant. More