Egypt has commenced construction of the ATUM Solar integrated industrial complex in Sokhna, with total investments of approximately $210 million. The project is being developed within a 200,000 square metre site at TEDA Egypt, located in the Suez Canal Economic Zone. The complex is a joint initiative involving JA Solar from China, AH from Egypt, Global South Utilities from the UAE, and Infinity Capital from Bahrain.
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AMEA Power has commissioned a 120 MWp solar project in the Kairouan Governorate of Tunisia. The project was financed with support from the International Finance Corporation, part of the World Bank Group, along with the African Development Bank. It is expected to produce about 222 GWh of electricity annually. Moreover, the project is estimated to reduce carbon emissions by around 117,000 tonnes annually.
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ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement outlines cooperation between the two companies to jointly develop the project through multiple phases, with the planned generation capacity expected to reach up to 2.8 GW.
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Scatec ASA has commenced commercial operations of the 273 MW Grootfontein solar project in South Africa. The project, located in the Western Cape, will supply electricity under a 20-year power purchase agreement (PPA). It is expected to produce 700 GWh of electricity annually. The project is anticipated to offset around 630,000 tonnes of carbon emissions annually.
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ACWA Power, together with Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company (SAPCO), has completed the financing process for seven large-scale renewable energy projects in Saudi Arabia. The projects will be jointly owned by ACWA Power, Badeel, and SAPCO, with the Saudi Power Procurement Company serving as the procurer as well as the offtaker.
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ACCIONA Energía has finalised an agreement with Exxaro Resources Limited’s wholly owned subsidiary, Cennergi, to divest its 232 MW stake in two renewable assets. The transaction is valued at €255 million. The two projects include the 138 MW Gouda wind farm and 94 MWp Sishen solar plant. ACCIONA Energía owned 55 per cent shares in both the projects through ACCIONA Energía Internacional.
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Mauritania has entered into a framework agreement with Möhring Energie Holding GmbH for the development of a large industrial plant aimed at producing green hydrogen and green ammonia. The agreement supports the implementation of Mauritania’s hydrogen programme known as the Hydrogen Code and initiates the NAYRAH project, which is planned to scale up to an electrolysis capacity of 1,000 MW.
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Alfa Solar and Astronergy Europe GmbH have entered into a joint venture (JV) agreement to establish an integrated wafer and cell production facility in Türkiye. The collaboration will be executed through Astronergy Yüksek Teknoloji Enerji Sanayi ve Ticaret A.Ş., a company fully owned by Astronergy Europe and registered with the Istanbul Trade Registry.
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Hygreen Energy has announced the establishment of the Middle East Electrolysers Company, a joint venture (JV) company with the Green Electrodes Consortium for Industry (GECI). The JV company will be based in the Eastern Province of Saudi Arabia, and aims to localise manufacturing and deployment of electrolyser systems in the country. The JV is intended to meet rising demand for electrolyser technologies in Saudi Arabia.
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The European Bank for Reconstruction and Development (EBRD) has made an additional equity investment of $40 million in Infinity. This new funding increases EBRD’s total equity commitment in the company to $141.5 million, up from the earlier $101.5 million. The capital will be directed towards its subsidary Infinity Power to support the development of 3,000 MW of renewable energy projects across several African countries.
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Foulath Holding has partnered with Yellow Door Energy to develop a 123 MWp solar project in Bahrain. As per the agreement, Yellow Door Energy will be responsible for financing, designing, constructing, commissioning, operating, and maintaining the project throughout the power purchase agreement period. The project will include ten rooftop solar plants and four ground-mounted solar installations.
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ACWA Power has signed a series of agreements worth $10 billion at the ninth edition of the Future Investment Initiative in Riyadh. The agreements cover financing partnerships, renewable energy, storage, and technology development across the Gulf Cooperation Council, China, Central Asia, and Africa. These projects will provide electricity to the Saudi Power Procurement Company under long-term power purchase agreements.
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Construction has commenced on a large-scale round-the-clock (RTC) renewable energy project in the UAE, being developed by Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC). The project consists of a 5.2 GW solar plant with a 19 GWh battery energy storage system, The project represents a total investment of more than AED 22 billion and is expected to become operational by 2027.
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The Public Establishment for Transmission and Distribution of Electricity (PE-TDE) of Syria has signed a MoU with the Saudi companies Al-Harfi and Sakalko to develop solar and wind projects. These projects will have a cumulative capacity of up to 500 MW. Additionally, the PE-TDE signed a power purchase agreement (PPA) with the Syrian-Turkish company Syrian-Turkish Energy Company to procure 100 MW of solar power.
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LONGi Hydrogen has signed an equipment supply agreement to deliver one set of its ALK Hi1 electrolyser along with the balance of plant (BoP) for the project for a green hydrogen project in Namibia. The project is scheduled to begin operations in the first quarter of 2027. The equipment package will meet CE marking and other international regulatory and safety standards.
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The Climate Investment Fund and KLP have planned to invest NOK 850 million to establish a new renewable energy platform in South Africa. The platform, named Anthem, is being formed through the merger of African Clean Energy Developments and EIMS Africa, with Mahlako Energy Fund also joining as an investor. The Climate Investment Fund is providing NOK 685 million, while KLP Norfund Invest is contributing NOK 170 million.
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Nama Power and Water Procurement has signed a power purchase agreement with a consortium for the development of the Ibri III Solar Independent Power Project in Oman. The project comprises a 500 MW utility-scale solar plant, integrated with a 100 MWh battery energy storage system. The consortium that will develop the project includes Masdar, OQ Alternative Energy, Al Khadra Partners, and Korea Midland Power Co. Ltd.
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ACWA Power has signed a MoU with Larsen & Toubro’s (L&T) renewables division for the renewables and grid scope of the Yanbu green ammonia project in Saudi Arabia. The Yanbu project is being developed as a fully integrated hub with captive renewable electricity generation based entirely on solar and wind energy. The MoU outlines cooperation to develop the design, configuration, and performance requirements for both components.
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The European Bank for Reconstruction and Development (EBRD) has approved a financing package of $74.1 million for the construction of a 200 MW wind farm in Ras Ghareb, Egypt. The funding includes an EBRD senior loan of up to $60.7 million, a concessional loan of $3.38 million from the Green Climate Fund (GCF), and an investment grant of $10 million. The project is jointly owned by Infinity Power and Masdar.
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United Capital Infrastructure Fund (UCIF) has signed a revolving local currency debt facility of around $3.2 million, with Husk in Nigeria. The financing has been structured to address a market gap in the deployment and expansion of solar minigrids in Nigeria. The revolving loan will run for 10 years, during which Husk intends to redeploy the capital twice. The first phase of funding will be utilised to build its standalone minigrid pipeline in Nigeria.
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