Africa & Middle East

The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.

Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.

Bahraini, Chinese, Egyptian and Emirati groups have agreed to develop a new solar and storage manufacturing facility in Egypt

Africa imported over 15GW of panels from China in the 12 months to June 2025, a 60% increase over the imports recorded in the prior year.

Saudi developer ACWA Power has started commercial operations of a 2.7GW solar PV portfolio in its home country.

Qair has secured a US$5.7 million senior debt facility to finance the development of a 5.8MW floating solar (FPV) project in Seychelles.

The consortium building the Al Sadawi PV power plant in Saudi Arabia has reached financial close on the 2GW project.

Investment fund Stonepeak has launched a new Middle Eastern renewables platform headed up by a former executive at Jinko Power.

The World Bank has approved a loan and investment worth up to US$250 million for United Solar’s planned polysilicon production plant in Oman.

South Africa’s state-owned energy utility, Eskom, has issued a request for proposals for 291MW of solar capacity.