Africa & Middle East

The long-term debt financing will enable ManoCap to consolidate its business in Ghana and Sierra Leone and expand into neighbouring markets.

The company said that the new facility would produce 8GW of solar modules and 2GW of cells in the Sohar free port region of Oman.

Wood Mackenzie’s ‘Global solar PV tracker market share’ report highlights that the top ten vendors accounted for 90% of the global market share in 2023.

Seraphim's VP Insan Boy discusses the Chinese module manufacturer's ongoing expansion into new markets and adapting to regional needs.

African renewable energy company Infinity Power has reportedly signed a memorandum of understanding (MOU) with the government of Sierra Leone to develop 1GW of renewable energy projects in the country.

The EU and the US are leading efforts to reduce the carbon intensity of PV manufacturing through targeted import tariffs. As well as supporting decarbonisation efforts, such policies could also promote geographic diversification in the solar supply chain and greater supply resilience, writes Michael Parr of the Ultra Low Carbon Solar Alliance.

Masdar has raised US$1 billion in green bond financing to support the development of new clean energy projects.

US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.

Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.