Category: News Middle East and Africa

UCIF provides $3.2 million debt facility to Husk in Nigeria

UCIF provides $3.2 million debt facility to Husk in Nigeria

September 15, 2025 | ,

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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Hynfra to develop green ammonia project in Mauritania

Hynfra to develop green ammonia project in Mauritania

September 11, 2025 | , ,

Hynfra has inked a framework agreement with the Government of Mauritania for the development of a green ammonia project in Nouakchott. The project is planned to produce 100,000 tonnes of green ammonia annually starting in 2030. The total capital expenditure for the project is expected to be $1.5 billion. The project will be located in the southern zone of the Somelec wind farm, with exports planned through Port de l’Amitié.

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Envision Energy to develop 232 MW wind project in Turkey

Envision Energy to develop 232 MW wind project in Turkey

September 5, 2025 | , ,

Envision Energy has announced its plans to develop a 232 MW wind power project in Karaman, Turkey. Envision will partner with ERN Holding and Yildizlar Group to develop the project. This marks the company’s first wind project in the country. Envision Energy is a renewable energy company that designs and manufactures wind turbines, energy storage systems (ESS), and green hydrogen solutions.

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Egypt inks agreement for $220 million solar manufacturing facility 

Egypt inks agreement for $220 million solar manufacturing facility 

September 2, 2025 | , ,

Egypt has signed a land usufruct agreement for the Atom Solar Egypt project in New Alamein City. The project is a partnership between Egyptian, Emirati, Bahraini, and Chinese entities to establish a fully integrated industrial complex across 200,000 square metres in the Sokhna Industrial Zone. It involves developing a 2 GW solar cell production facility, a 2 GW solar panel production facility, and a 1 GWh energy storage manufacturing unit.

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Masdar and partners reach financial close for Saudi 2 GW solar project

Masdar and partners reach financial close for Saudi 2 GW solar project

August 20, 2025 | , ,

Masdar, along with GD Power and Korea Electric Power Corporation, has achieved financial close for the 2 GW Al Sadawi solar photovoltaic project in Saudi Arabia. The project has secured financing facilities with eight regional and international lenders, consisting of Standard Chartered Bank, KEXIM, ADCB, BNP Paribas, ADIB, Bank of China, HSBC, and Société Générale. 

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Infinity Power inks deal for solar projects in West Africa

Infinity Power inks deal for solar projects in West Africa

August 12, 2025 | , ,

Infinity Power has signed concession agreements with the Government of Côte d’Ivoire for two solar photovoltaic projects with a combined capacity of 80 MWac. The projects, located in Touba and Laboa, were awarded under the World Bank’s scaling solar programme through a competitive tender process. The projects will also include the construction of 17 km of transmission lines to integrate the plants into the national grid. 

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Construction begins at Bahrain’s first solar project

Construction begins at Bahrain’s first solar project

August 11, 2025 | , ,

The Electricity and Water Authority (EWA) of Bahrain has announced the launch of Bahrain’s first solar project for electricity generation. The project is planned to have a production capacity of up to 150 MW. The project will be developed in collaboration with the private sector. Commercial operations of the project are expected to start in the third quarter of 2027.

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Emerge and EDB join forces to develop solar projects in UAE

Emerge and EDB join forces to develop solar projects in UAE

August 8, 2025 | , ,

Emerge and Emirates Development Bank (EDB) have signed a MoU to collaborate on the development and financing of distributed solar projects in the United Arab Emirates (UAE). Under this agreement, Emerge will identify and present potential renewable energy project financing opportunities, which EDB will review for possible tailored financing solutions. Emerge is a joint venture between Masdar and EDF Group.

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DOMINION to sell six solar parks in Dominican Republic

DOMINION to sell six solar parks in Dominican Republic

July 24, 2025 | , ,

DOMINION has finalised the sale of six solar parks in the Dominican Republic. The company has sold 80 per cent of its ownership in the solar parks. It will continue to retain the remaining 20 per cent share for the next three years. The value of the transaction is over $375 million. The portfolio has a combined capacity of 321 MWp. GP Capital Partners SRL advised on the deal which will generate a cash inflow of $102 million.

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ACWA Power, Badeel and SAPCO to develop 15 GW of clean energy projects in Saudi Arabia

ACWA Power, Badeel and SAPCO to develop 15 GW of clean energy projects in Saudi Arabia

July 15, 2025 | , , ,

ACWA Power, in partnership with Badeel and SAPCO, has entered into PPAs with the Saudi Power Procurement Company (SPPC) for the development of seven utility-scale renewable energy projects. These include five solar photovoltaic (PV) plants and two wind power projects, with a cumulative generation capacity of 15 GW. The projects, with an estimated investment of $8.3 billion, are planned to add 12 GW of solar PV and 3 GW of wind energy.

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GameChange Solar secures 1.25 GW tracker deal for solar plant in Egypt

GameChange Solar secures 1.25 GW tracker deal for solar plant in Egypt

July 8, 2025 | , ,

GameChange Solar has inked a contract with CEEC-ZTPC to supply its Genius Tracker 1P Single Row system. The trackers will be supplied for the Abydos Solar PV Plant – Phase II in Egypt. The project has been developed by AMEA Power and built by CEEC-ZTPC. It will combine 1 GWac solar photovoltaic power plant with a 600 MWh battery energy storage system. The project is spread across 20 square km in the Aswan Governorate.

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Globeleq achieves commercial close for Red Sands battery energy storage project in South Africa

Globeleq achieves commercial close for Red Sands battery energy storage project in South Africa

June 30, 2025 | , ,

Globeleq, along with its project partner African Rainbow Energy, has reached a commercial close of the Red Sands battery energy storage project. It is a 153 MW/612 MWh project situated in South Africa. The commercial close for the project has been achieved by inking the project agreements with the Department of Electricity and Energy and the National Transmission Company South Africa (NTCSA).

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PNE Group’s 240 MW PV project reaches financial close in South Africa

PNE Group’s 240 MW PV project reaches financial close in South Africa

June 20, 2025 | , ,

PNE Group has achieved the final project development milestone on its 240 MW Khauta South PV site in South Africa. The milestone is based on the financial close between NOA Group and Standard Bank. Financial close marks the final payment in the sales and development services agreements, and thus the completion of the project for WKN Windcurrent, which is PNE Group’s South African Development team.

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Scatec ASA inks PPA for 900 MW onshore wind project in Egypt

Scatec ASA inks PPA for 900 MW onshore wind project in Egypt

June 17, 2025 | , ,

Scatec ASA, through its dedicated project company, Shadwan Wind Power SAE, has inked a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The agreement is for a 900 MW onshore wind project in Ras Shukeir, Egypt. Furthermore, the signing of the PPA will be followed by wind measurements on the site. The measurements are to be finalised in the first half of 2026.

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AIIB and TSKB ink $200 million lending facility to support Turkey’s climate goals

AIIB and TSKB ink $200 million lending facility to support Turkey’s climate goals

June 13, 2025 | ,

The Asian Infrastructure Investment Bank (AIIB) has inked a $200 million on-lending facility in favor of the Industrial Development Bank of Türkiye (TSKB). The facility will support the Republic of Türkiye’s climate mitigation and adaptation goals in alignment with the Paris Climate Agreement. It is also backed by a guarantee from the Government of Türkiye. The new facility builds on AIIB’s ongoing partnership with TSKB.

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Scatec ASA secures 123 MW battery energy storage project in South Africa

Scatec ASA secures 123 MW battery energy storage project in South Africa

June 2, 2025 | , ,

Scatec ASA has secured preferred bidder status for the Haru BESS battery energy storage project. The project has a capacity of 123 MW/492 MWh and is situated in South Africa. The preferred bidder status has been secured in the third bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) by South Africa’s Department of Mineral Resources and Energy.

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Sungrow and Globeleq ink term sheet for BESS project in South Africa

Sungrow and Globeleq ink term sheet for BESS project in South Africa

May 27, 2025 | , ,

Sungrow and Globeleq have inked a BESS supply and a 15-year long-term service term sheet for the Red Sands battery energy storage system (BESS) project. The project is situated in South Africa and has a capacity of 153 MW/612 MWh. The project is a part of South Africa’s inaugural Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). It is expected to reach financial close in 2025 and will begin operations in 2027.

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EDF Renewables secures $10 million financing to deploy off-grid solutions in Africa

EDF Renewables secures $10 million financing to deploy off-grid solutions in Africa

May 26, 2025 | ,

EDF Renewables has secured $10 million debt financing from the Mirova Gigaton Fund. The financing will support the company’s off-grid businesses in Africa under the EDF Energy For All platform. In Africa, EDF Renewables, through the EDF Energy For All platform and its subsidiaries, is providing off-grid energy solutions that help isolated rural communities gain access to reliable electricity. 

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World Bank approves $350 million grant for hydropower storage project in Malawi

World Bank approves $350 million grant for hydropower storage project in Malawi

May 20, 2025 | , ,

The World Bank has approved a $350 million grant to support Malawi’s Mpatamanga Hydropower Storage Project (MHSP). The grant has been approved by the International Development Association (IDA). The project was co-developed by the Government of Malawi and the International Finance Corporation, which is a part of the World Bank Group, as a public-private partnership. The capacity of the project is 358.5 MW.

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United Solar Polysilicon and OQ Alternative Energy to develop 700 MW PV project in Oman

United Solar Polysilicon and OQ Alternative Energy to develop 700 MW PV project in Oman

May 19, 2025 | , ,

United Solar Polysilicon has formed a partnership with OQ Alternative Energy for the joint development of a 700 MW photovoltaic (PV) power station. The project, once operational, will contribute to Oman’s national renewable energy goals. The partnership highlights the shared commitment of both companies to advancing sustainable energy solutions. United Solar Polysilicon is a producer of high-purity polysilicon for the solar industry.

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