Africa & Middle East

In January the South African government released an amendment to its energy action plan that lowered the local content requirements of solar modules deployed on government-backed schemes from 100% to 30%. The move was unsurprising to many, and may speak to the overwhelming rise of private projects in the country’s PV sector.

Husk Power CEO explains how a portfolio of 200 solar mini-grids in India, Tanzania and Nigeria are now investible, unlocking the door to scaling in a sector that is key to national electrification programmes in emerging economies.

The joint venture of Masdar and Taaleri, the Baynouna Solar Energy Company, has announced the inauguration of a 200MW solar park in Jordan.

French financier Rgreen Invest and Echosys Advisory-backed investment advisor Echosys Invest have closed a new fund to finance solar power production across Africa.

Project manager Evtec Energy has signed a partnership agreement with financial technology group MICT to build a 110MW solar PV plant in Nigeria.

Energy major TotalEnergies has signed two power purchase agreements (PPA) with fellow French industrial gases company Air Liquide for 260MW of solar PV and wind power. The power offtaken will supply the Secunda oxygen production site in South Africa.

Siemens Energy and renewables infrastructure provider Brooge Renewable Energy (BRE) have partnered to build a 650MW solar PV plant to supply BRE’s green ammonia project in Abu Dhabi.

Spanish water company Miya has acquired a minority stake in Xfloat, the Israeli floating PV tech developer.

Cloud-based software company Salesforce has committed to purchasing 280,000MWh of renewable energy certificates in emerging markets.

Israel-headquartered smart energy technology company SolarEdge's yearly net income in 2022 dropped by 45%, despite the total revenue increasing by 58% year-on-year.