africa

UAE-owned renewables company Masdar has announced its plan to further develop renewable energy projects in Angola and Uganda at Abu Dhabi Sustainability Week (ADSW) 2023.

Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.

African power development company Ncondezi Energy has secured a land agreement for its 300MW solar PV project in Tete, Mozambique.

Canadian Solar has signed a 256MW module supply agreement with South African independent power producer (IPP) SOLA Group. The modules will supply what Canadian Solar has said will be South Africa’s two largest solar PV plants.

AMEA Power, the Middle Eastern renewable energy company, has closed financing on 1GW of renewable energy projects to be deployed in Egypt, constituting a 500MW solar PV plant and a 500MW wind farm.

The Asian Infrastructure Investment Bank (AIIB) has joined a partnership agreement with the Egyptian government, expected to mobilise US$10 billion in investments to deploy 10GW of solar and wind by 2028.

German solar developer Juwi is in the final stages of commissioning a 36MW solar farm, accompanied by a 7.5MW battery energy storage system (BESS), at the Sukari gold mine in Egypt.

Bank of America and CrossBoundary Energy will explore financing solutions to expand the latter’s renewable energy portfolio across Africa, the commercial and industrial (C&I) solar developer announced at the COP27 conference this week.

Solar and wind trade bodies have united to organise the Africa Renewables Investment Summit to drive renewable energy financing in the continent.

Investors Harith General Partners and African power provider Anergi Group have partnered to establish the Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy deployment across Africa and close the continent’s investment gap.