TOYO has announced its plans to build an advanced solar cell manufacturing facility with an expected annual capacity of 2 GW. The company has secured a lease for the site in Hawassa, Ethiopia, leveraging the country’s favourable investment environment, tariff-free benefits, and abundant hydropower resources.
Read More
Gensol Engineering Limited bags a contract from a major sustainable development and clean energy company in the UAE. This contract entails the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for the facilities of a leading aviation company in Dubai. The total installed capacity for the project is 23.178 MW.
Read More
Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to partially fund the project. The total capital expenditure for the initiative is projected at approximately €500 million. The PtX Development Fund aims to support Power-to-X projects in developing and emerging nations.
Read More
CWP Global has partnered with Angolan and German companies to develop a 600 MW green hydrogen project in Angola. The project is being led by Angola’s state-owned Sonangol, in collaboration with German engineering firms Conjuncta and Gauff. The initiative aims to produce green ammonia, with the first phase targeting an annual output of 400,000 tonnes.
Read More
South Africa’s renewable energy projects have received a funding of €400 million announced by the European Investment Bank (EIB) and FirstRand Bank Ltd. This joint effort includes a €200 million loan from the EIB, matched by FirstRand Bank. Moreover the aim of this initiative is to boost solar photovoltaic, wind and energy efficiency projects in the country.
Read More
The Japan Bank for International Cooperation (JBIC) signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC). These agreements amount to approximately $341 million and $130 million, respectively, under the credit line established in July 2024. The loans are co-financed by Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, bringing the total co-financing to $569 million and $217 million, respectively.
Read More
Infinity Power and Masdar have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to provide a long-term supply of renewable energy generated by a significant onshore wind project in Ras Ghareb, located in the Gulf of Suez region. Upon completion, the wind farm will have a capacity of 200 MW and is expected to generate 810,000 MWh annually.
Read More
Envision Energy has formed a joint venture (JV) with Public Investment Fund (PIF) and Vision, sovereign wealth fund of Saudi Arabia Industries to boost wind power growth in the Middle East. As per the agreement, Envision Energy will hold the majority stake in the JV, while PIF and Vision Industries will hold the remaining stake. The JV will focus on manufacturing and assembling wind turbine components, including blades, nacelles, and hubs.
Read More
Sungrow has entered into three energy storage agreements with Algihaz Holding, an investment group in Saudi Arabia. Each project will have a capacity of 2.6 GWh, amounting to a total of 7.8 GWh. The storage projects will be located in Najran, Madaya, and Khamis Mushait, Saudi Arabia. Furthermore, deliveries are set to begin this year. The grid connection for the projects is expected by 2025.
Read More
Larsen & Toubro’s (L&T) renewables division has secured major contracts with a prominent Middle Eastern developer to construct two large-scale solar PV plants with a combined capacity of 3.5 GW. The scope of the orders also covers grid interconnections, including pooling substations and overhead transmission lines. Detailed engineering and initial construction work will begin soon.
Read More
Voltalia, in partnership with TAQA Arabia, signed a framework agreement at the Egypt-EU Investment Conference 2024, which took place on June 29 and 30 in Cairo. Following a MoU signed in December 2022, the agreement aims to develop a cluster that integrates renewable energy and green hydrogen production. The project will be carried out in two identical phases, with each phase incorporating a 500 MW electrolyzer powered by more than 1.3 GW of solar and wind energy.
Read More
Infinity Power has signed a MoU with the Cameroon West Regional Council to develop up to 4 GW of renewable energy capacity by 2035. Furthermore, the projects will be developed in different phases and will include a mix of solar, wind, hydro, biomass and battery storage solutions. Reportedly, the MoU was inked by the Deputy CEO of Infinity Power and the President of the Cameroon West Regional Council.
Read More
Vestas has secured a 144 MW order for the Umsinde Emoyeni wind farm from the African Clean Energy Developments. The wind farm is located in Western Cape, South Africa. The contract encompasses the supply and installation of 32 V163-4.5 MW wind turbines, along with a 10-year Active Output Management 5000 (AOM 5000) service agreement.
Read More
AMEA Power has inked a 20-year Power Purchase Agreement (PPA) with Eskom for the 120 MW Doornhoek Solar PV Project. The Solar PV Project, valued at $120 million, was secured during Bid Window 6 of the Renewable Energy Independent Power Producer Procurement (REIPPP). It is situated near Klerksdorp town in the North West province.
Read More
GameChange Solar has secured a deal to supply Genius Tracker solar trackers for four new solar ventures, totaling over 500 MW in Southern Africa. These projects are strategically positioned to bolster the region’s energy supply, particularly for critical mining operations, and aid in diversifying the energy mix for a more stable electricity grid.
Read More
Astra Energy through its agent Aztec Management Consultants has inked a MOU with the Lesotho National Development Corporation to develop a 100 MW Clean and Renewable Energy Park in the country of Lesotho, South Africa. The company intends to own and operate the project as an independent power producer.
Read More
ACWA Power and Larsen & Toubro Limited have chosen Nextracker to provide all-terrain tracker NX Horizon-XTR for a 1.17 GW installation at Al Kahfah Solar Power Plant. the solar plant will provide clean energy to the Saudi Power Procurement Company.
Read More
Optate Africa, a Zimbabwean company, intends to construct a 200 MW wind power facility near Plumtree, a town in the country’s southwest. In order to set up the facility, it has requested a 25-year lease from the Mangwe Rural District Council for 100 acres of land. Optate Africa is operating the project in collaboration with GE.
Read More
ITOCHU Corporation and Hive Hydrogen have finalised to work together on matters of viable green hydrogen and ammonia project development, production, operation, marketing, off take and distribution. ITOCHU announced that it concluded a MOC concerning the collaboration with Hive Hydrogen South Africa.
Read More
Masdar has collaborated with Emirates Steel Arkan, an Abu Dhabi-based steel and building materials manufacturer, to create an innovative green steel project. The success of this project has far-reaching implications that will decarbonize the UAE’s challenging steel sector. The pilot initiative is the region’s first of its sort in the Middle East and North Africa. The project is presently in the installation stage and is situated in the Emirates Steel Arkan production facilities in the Industrial City of Abu Dhabi.
Read More