Globeleq acquires 66 MWp solar PV plant in Egypt

EGYPT – Africa-focused renewable energy independent power producer Globeleq, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt.  The ARC plant was developed by the SECI Energia, Enerray and Desert Technologies consortium as part of the second round of the Egyptian government’s feed-in-tariff program and achieved commercial operation on 4 November 2019 and provides clean electricity to the Egyptian Electricity and Transmission Company (EETC) under a 25-year power purchase agreement. The project was…

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Solar financier GridX Duara injects US$7m into Two Rivers Power Company

KENYA – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million (US$7 million) investment into  Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in Nairobi, Kenya. The investment will be used to expand renewable energy infrastructure for Centum Real Estate projects. “Energy infrastructure is a key component of our mixed-use developments, and this partnership will boost in a big way…

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IsDB approves US$20m loan for rural electrification project in Togo

Islamic Development Bank Group

TOGO – The Islamic Development Bank (IsDB) has approved a €17.38 million (US$20.11m) loan for rural electrification project in Togo that relies mainly on solar mini-grids provided by private companies. The Islamic Development Bank (IsDB) financing was approved at its 342nd Board of Directors meeting in Jeddah, Saudi Arabia. It is a loan of €17.38 million (US$20.11m) for the electrification of rural areas of Togo through small autonomous solar power plants, connected to mini-grids. These solutions are particularly appropriate for rural areas where the extension of the national electricity grid…

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GreenYellow SAS secures US$5m from MIGA for construction of 30MWp solar PV energy facility

BURKINA FASO – Multilateral Investment Guarantee Agency (MIGA), an international financial institution, has issued a guarantee for US$5.19 million to GreenYellow SAS of France, a renewable energy company. The funding will cover GreenYellow’s equity and quasi-equity investments into Société de Production d’Energie Solaire de Ouagadougou SAS (SPES Ouagadougou) for a period of up to 20 years. The SPES Ouagadougou project consists of the construction, ownership, operation and maintenance of a solar PV energy facility that will ultimately produce 30MWp of power. The electricity output will be sold to Société Nationale…

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Energy company Husk Power Systems to connect seven communities with solar hybrid minigrids

NIGERIA – Husk Power Systems, a rural energy services company, has signed agreements under the Nigeria Electrification Project (NEP) to electrify seven communities with solar hybrid minigrids. The agreements fall under the Solar Hybrid Minigrid Performance-Based Grant (PBG) sub-component of NEP, a project funded by the World Bank and the African Development Bank. The agreement is signed between the Rural Electrification Agency (REA) and the company’s Nigerian entity, Husk Power Energy Systems Nigeria. “Husk Power’s mission is to rapidly scale the electrification of rural communities and continuously spur economic growth…

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Husk Power to electrify communities in Nigeria with solar hybrid mini-grids

NIGERIA – Husk Power Systems, the leading rural energy services company operating solar mini-grids in Africa and Asia, has concluded agreements to develop and operate seven mini-grids with the Nigeria Electrification Project (NEP), which is funded by the World Bank and African Development Bank. The agreements, which were fully executed on September 15, 2021, fall under the Solar Hybrid Minigrid Performance-Based Grant (PBG) sub-component of NEP. The agreements marked an important expansion of Husk Power’s efforts to electrify rural communities and businesses across Nigeria and Sub-Saharan Africa. In East Africa,…

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Solar provider Bboxx partners with Government of Togo to sell smartphones on Pay-As-You-Go basis

TOGO – Bboxx, a Pay as you go solar provider, and the Government of Togo, represented by the Ministry of Digital Economy and Digital Transformation, have announced the first ever Memorandum of Understanding) to sell smartphones in Togo on “Pay-As-You-Go” basis. The MoU will improve digital inclusion and the delivery of digital public services through deployment of smartphones in Togo. The programme will follow three phases with the rollout of handsets expected in 2022, as part of the “Togo Smartphone” initiative. Phase 1 will focus on delivering sophisticated market research,…

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Boabab raises US$11.7m for its solar home systems and digitalization

AFRICA – Pan-African company Baobab+, has just raised US$11.7 million from Norwegian fund Norfund to finance electrification and digitalization in several African countries. The fundraising will allow the company to develop its markets and expand its network. The sum will also allow Baobab+ to expand its activities in the southern part of Africa with the main objective of serving one million households over the next five years. The funding will also facilitate the company’s development in the Democratic Republic of Congo and Nigeria. The targeted areas are those with little…

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Exxaro deploys solar to power coal operations in Limpopo

SOUTH AFRICA –  Coal mining giant, Exxaro Resources Limited, through its wholly-owned renewable energy subsidiary, Cennergi, is developing the 70MW Lephalale solar project that will supply renewable energy to the Grootegeluk Complex, the integrated coal operations owned by another subsidiary of Exxaro, Exxaro Coal (Pty) Ltd, reports Renew Africa. “Exxaro Coal and Cennergi have concluded a term sheet setting out material terms upon which the PPA will be concluded. This is a significant strategy development milestone, which constitutes a major step towards implementing Exxaro’s decarbonization plans and progress in the Just Transition journey…

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German solar company Ecoligo acquires Namene Solar West Africa

GHANA – Ecoligo, a German solar utility that provides low-cost solar energy to local businesses in emerging markets, has announced the acquisition of the solar power projects for commercial and industrial customers (C&I) of Namene Solar West Africa. The company remains a wholly owned subsidiary of the Namene Group. There is movement around the commercial and industrial (C&I) solar power providers in West Africa. German company Ecoligo is acquiring the C&I division of Namene Solar West Africa, the subsidiary of the Namene Group. The Accra (Ghana) based company is selling…

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