Masdar and Jinko Power have been finalised for the construction of two solar projects in Saudi Arabia with a total capacity of 1.5 GW. Reportedly, the Saudi Power Procurement Company chose the bidders for round 4 solar projects. The larger of the two plans is the 1.1 GW Al Henakiyah solar project, which will be built in western Saudi Arabia’s Medina Province.
Read More
Nordex, a German wind turbine manufacturer, has received an order to supply 189 MW turbines for three wind projects from Rönesans Enerji. A ten-year period service agreement is entailed in the contract. The N163/6.X turbines from Nordex will be used for the projects, which were chosen in the YEKA RES-3 tender. On the behalf of Rönesans Enerji, Heitkamp Industrial Solutions is the engineering, procurement, and construction contractor.
Read More
The National Treasury of South Africa has introduced a loan guarantee scheme – the ‘Energy Bounce Back’ to support commercial and industrial (C&I) solar projects. The scheme has an objective of setting up 1 GW of rooftop PV capacity. It also attempts to help micro and informal companies to be more resilient to loadshedding.
Read More
The Egyptian Nuclear and Radiological Regulatory Authority has granted Russian nuclear power company Rosatom permission to construct El-Dabaa Nuclear Power Plant Unit I. Four power units with a combined capacity of 1.2 GW will be included in the nuclear project, which will be constructed in the Mediterranean city of El Dabaa.
Read More
Husk Power Systems, the leading net-zero energy company serving rural Africa and Asia, and operator of the largest fleet of community solar-hybrid microgrids, has announced its “Nigeria Sunshot Initiative,” a multiyear effort to provide reliable, renewable energy to at least 2 million Nigerians. As part of the initiative, Husk has also set a target for itself to remove at least 25,000 diesel/gasoline generators from operation by allowing businesses to transition to more affordable solar power.
Read More
Through its IDEAS Managed Fund (IDEAS), African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund manager, has acquired a majority stake in three solar projects in South Africa. The 30 MW solar portfolio reached financial close in May 2022, with commercial operations scheduled in March and April 2023.
Read More
Masdar, an Abu Dhabi-based renewable energy company, and Hassan Allam Utilities, a Cairo-based partner, have secured Egypt’s support for the development of green hydrogen hubs on the Red Sea and Mediterranean coasts of the country, with an aim of expanding up to 4 GW of electrolysers by 2030.
Read More
Winch Energy, an off-grid energy developer and technology integrator, has adopted a dedicated mechanism for financing its mini green grid projects in Africa. Through this platform, $16 million has already been mobilised towards setting up 49 mini-grids in Uganda and Sierra Leone. The mini grids will be built with Winch Energy’s own proprietary technology, the Remote Power Unit, and will be operational within the next 12 months.
Read More
The U.S. International Development Finance Corporation (DFC) and Shell Foundation (the UK-registered charity) have announced a new collaboration that will promote renewable energy uptake in low-income areas of Africa and Asia. The collaboration aims to improve gender inclusion and to bring affordable renewable energy to more than 5 million people in these regions.
Read More
The International Renewable Energy Agency (IRENA) and the Southern African Development Community’s Centre for Renewable Energy and Energy Efficiency (SACREEE) have signed a memorandum of understanding to collaborate on increasing the deployment renewable energy projects with a special focus on decentralised technologies across countries in Southern Africa. The two parties will also combine to catalyse policy development, capacity building programmes and regional events to attract investments in the area.
Read More
The European Investment Bank (EIB) has announced EUR 38.5 million of new financial and technical support to Burkina Faso for promoting solar power development. The funding will also be used to protect its capital city Ouagadougou from future flooding. Through this financing, EIB aims to improve energy access in the country and address the risks caused by extreme weather.
Read More
The Kenya Power and Lighting Company have issued an expression of interest from companies to finance, develop, and operate captive solar projects. These solar projects can range between 500kW and 10MW on a lease basis for its commercial and industrial (C&I) consumers. Shortlisted bidders will be issued a detailed Request of Proposal by Kenya Power, which would be selected on the basis of their technical and financial capabilities.Selected bidders also have to operate the project for 20 years. February 10, 2021, is the last date for submission of bids
Read More
Masdar City has announced that it is developing a pilot green hydrogen project in collaboration with the Abu Dhabi Department of Energy, Etihad Airways, Khalifa University of Science and Technology, Siemens Energy, Marubeni, and the Lufthansa Group. The eloctrolyser used in the project will be solar-powered and will be constructed in Masdar, Abu Dhabi. The project will aim at producing green hydrogen and sustainable fuels for road transport, aviation, and shipping.
Read More
Albioma has completed the acquisition of a majority stake (75 per cent) in the geothermal energy producer Gümüşköy. The investment diversifies the company’s production mix and is in line with its aim to increase the proportion of renewable energy in its mix to 95-100 per cent by 2030.
Read More
Clir Renewables has been selected to enhance the performance of Kenya’s Lake Turkana Wind Farm. The company will analyse data from each of the wind farm’s 365 turbines using parameters of available resource, geospatial features, and nearby turbines. Further, machine learning data analytics will be used to pick out instances of underperformance and their underlying causes.
Read More
Oman Shell has commissioned a 25MW solar project called the Sohar Solar Qabas solar plant. The Sohar Solar Qabas project will be owned by Shell and is the company’s first utility scale, photovoltaic solar project in the Middle East as well as in Oman.
Read More
FinnFund and Norfund, Nordic financial companies have decided to increase funding to Starsight solar by $10 millionThe funding available since 2019 has now increased from $10 million to $20 million. are increasing the line of credit initially granted to Starsight by $10 million in 2019.
Read More
Enel Green Power (EGP) signed an agreement to form a joint venture with a subsidiary of Qatar Investment Authority (QIA) aimed at financing, building and operating renewable projects in Sub-Saharan Africa. As part of this agreement QIA will also acquire 50 per cent of EGP’s stake in approximately 800 MW of projects in South Africa and Zambia under the first phase.
Read More
Nigeran off-grid solar company, Daystar Power has closed a $38-million Series B financing round led by Denmark’s Investment Fund for Developing Countries. In addition to the Danish Impact Investor, the deal was supported by French impact infrastructure fund STOA, development finance institution Proparco and Morgan Stanley Investment Management. Daystar Power has now raised a total $48 million includind funds raised in the previous round.
Read More