Eswatini picks Globeleq and Sturdee Energy Consortium as preferred bidder for its solar projects tender

ESWATINI – The Eswatini Energy Regulatory Authority (ESERA) has officially announced the Globeleq and Sturdee Energy Consortium as the preferred bidder for its solar PV projects. ESERA officially released the intention to award notice on 14 April 2021 after evaluation of the bids submitted in November 2020 for the two 15MWac projects in the first tranche of the Kingdom of Eswatini’s procurement programme for new renewable generation capacity.  The tender was originally launched in March 2020. Jonathan Hoffman, Globeleq’s chief development officer, commented: “As the first utility scale renewable IPPs…

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Globeleq acquires stake in Quantum Power, relaunches Menengai II geothermal project

KENYA – British company Globeleq, with financial support from CDC Group has partially acquired Quantum Power East Africa GT Menengai (QPEA), one of the three Independent Power Producers (IPPs) developing the 105 MW Menengai geothermal project in Kenya. The investment is good news for Quantum Power, which has received the release from the Kenyan government since 2013 to supply 35 MW from the Menengai II geothermal power plant. The project has been at a standstill due to difficulties in raising funds. The Menengai geothermal project which is expected to produce…

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Globeleq acquires majority stake in power business CPGNL Limited, rebrands it

NIGERIA – Globeleq, an independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing Nigerian power business called CPGNL Limited (CPGNL), which will be rebranded as Globeleq Power Solutions Nigeria Limited. The current owner of the business, the Clean Energy Group, will retain the remaining 26% shares. “This investment demonstrates our commitment to look beyond the conventional generation methods and provide cleaner, more reliable electricity solutions directly to industries in the country.  This all helps to produce a flow of capital…

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