Scatec signs Power Purchase Agreements under South Africa’s RMIPPPP

Scatec ASA has signed the power purchase agreements for the three Kenhardt projects in the Northern Cape Province of South Africa, under the Risk Mitigation Independent Power Producer Procurement Programme … Read More

ANGOLA: Solenova, an Eni-Sonangol JV, lays the first stone first photovoltaic project

Solenova, a joint venture equally owned by Eni and Sonangol for the development of renewable energy projects, has lain the first stone of what will be Angola’s first photovoltaic power … Read More

A clean future for Africa’s energy

Africa’s rapid economic expansion creates a daunting energy challenge, combined with rising expectations of improved resilience and sustainability. Finding a sustainable way to meet growing energy needs is one of … Read More

ANGOLA: Eni & BP Finalise Agreement to Create New Independent Joint Venture

BP and Eni confirmed today that they have signed an agreement to form a new 50/50 independent company, Azule Energy, a BP and Eni company, through the combination of the … Read More

AfricaGoGreen Fund receives over $30M investments from the AfDB, the SEFA, and the Nordic Development Fund

The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to … Read More

GHANA: Meinergy,Huawei Sign Agreement on a 1 GW and 500 MWh Project to Facilitate Green Development

Huawei Digital Power Technologies signed a strategic cooperation agreement with Meinergy Technology, the leading PV developer in West Africa. Under the agreement, Huawei Digital Power will provide a complete smart … Read More

AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … Read More

SOUTH AFRICA: Redstone Concentrated Solar Power (CSP) Achieves First Debt Draw Down

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR … Read More

SOUTH AFRICA: Magnora Acquires Project Rights of more than 1700 MW Wind and Solar PV projects

Magnora is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV … Read More

BOTSWANA: Tlou Energy Provides Operational Report

Project Areas The Company has three project areas in Botswana: ·    Lesedi Project – Gas & Solar Power, Hydrogen production ·    Mamba Project – Exploration & Evaluation ·    Boomslang Project – Exploration & Evaluation Lesedi Project Area, Botswana Licences:              Production … Read More