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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Solar energy provider Yellow secures US$4m from Fund manager SunFunder

MALAWI – SunFunder, a fund manager focused on solar energy in sub-Saharan Africa, is providing a US$4 million loan to Yellow, the Lilongwe-based start-up distributes solar home systems that improve access to electricity in rural Malawi and expand its operations. The start-up founded by Mike Heyink distributes solar home systems that provide rural households with access to electricity in this East African country. Given the low standard of living in the countryside, the company allows pay-per-use of its solar home systems via the mobile payment solutions available in Malawi. “When…

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CrossBoundary Energy to install GCO’s hybrid solar power plant in Senegal

SENEGAL – Solar energy provider CrossBoundary Energy has signed an agreement with Grande Côte Operations (GCO) to install a 13 MW hybrid solar power plant with storage for the company’s operations in Diogo, north-western Senegal. GCO, a subsidiary of the French mining and metallurgical group Eramet, mines mineral sands in this locality, which is located more than 100 km from the Senegalese capital Dakar. This activity requires a significant amount of energy. GCO now wants to produce this energy from renewable sources, in particular photovoltaic solar energy, hence the partnership…

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Turkish company Desiba Energy to construct 20 MW solar power plant for US$31.83m

GABON – The Gabonese State, through the ministry in charge of investment promotion, has signed a contract with the Turkish company Desiba Energy for the construction of a solar power plant with a capacity of 20 MW. Desiba intends to invest 27 million euros (US$31.83m) in the construction of its solar photovoltaic power plant. The Turkish company Desiba Energy has received the green light from the Gabonese government and now it has the necessary permits for the installation of its solar power plant in Mouila, in the province of Ngounié…

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Hybrid solar system powers Tanganda Tea Company in Zimbabwe

ZIMBABWE – South African renewable energy company, Blockpower, has announced the completion of the second phase of the installation of 4.6 MWp/1.44 MWh hybrid solar plus storage system for Zimbabwe’s Tanganda Tea Company (TTC). The system will provide power to the company’s agricultural estates in the Chipinge District of Zimbabwe. Tanganda Tea Company Limited is the largest producer, packer and distributor of tea products in Zimbabwe and additionally operate several estates which also cultivate coffee, macadamia nuts and avocadoes. Due to the inconsistent power supply in Zimbabwe, Blockpower was tasked to come up…

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Boreal inaugurates a new solar-powered water desalination system in Kenya

KENYA – The German start-up Boreal Light is inaugurating new water desalination plants installed in several public structures on the southern coast of Kenya powered by solar energy. New drinking water kiosks designed by Boreal Light supplies a school, a mosque, a vocational training centre, a tailoring shop and oil extraction facilities on the southern coast of Kenya. The drinking water is obtained from a new desalination system powered by a 15 kWh solar mini-grid. Called “Shimoni WaterKiosk”, the solution was installed by Kenyan start-up WaterKiosk Africa. According to the start-up…

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Egyptian Fund set to sign new financial partnership for solar powered desalination plants

EGYPT – The Egyptian Sovereign Wealth Fund (Egypt Fund) is set to sign new financial partnerships worth US$2.5 billion by 2025 which will be used to build 17 new seawater desalination plants to supply drinking water to Egyptians. The future plants will run on solar energy. According to Ayman Soliman, Director General of the Egypt Fund, a call for financing will be launched in the first quarter of 2022 for local and international investors. The 17 seawater desalination plants will provide a total of 2.8 million m3 of drinking water…

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Government to support small grid-connected solar cells and chargers project in Cairo Airport

EGYPT – Egypt’s Ministries of Environment, Trade and Industry, and Civil Aviation have signed a cooperation protocol to provide technical and financial support for the supply, implementation and operation of small grid-connected solar cells and chargers equipped with solar-powered display screens at Cairo Airport, reports Daily News Egypt. The protocol was signed by Abu Sunna, CEO of the Egyptian Environmental Affairs Agency (EEAA), Mohamed Abdel Karim, Executive Director of the Industrial Modernization Centre (IMC), Magdy Ishaq – Chairperson of Cairo AirPort Company, and Ayman Mohamed, Secretary General of the Ministry…

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Solarcentury Africa and Shumba Energy sign deal for 100MWp concession in Botswana

BOTSWANA – Solar power provider Solarcentury Africa and Shumba Energy, have signed a partnership agreement to jointly develop solar power projects in Southern Africa, including an initial 100 MWp concession in Botswana. Shumba Energy, a major player in the Botswana energy sector, has chosen to include its Tati solar project in the new partnership, a major development for the project, which received approval from the Botswana Energy Regulatory Authority (BERA) in early July 2021. The project involves the construction of a solar photovoltaic plant in two phases of 50 MWp…

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