Africa & Middle East

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. 

Public institutions and private companies bought a record number of renewable energy last year, according to BloombergNEF’s (BNEF) 1H 2023 Corporate Energy Market Outlook.

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market.

Independent power producer (IPP) Scatec refinanced US$100 million of its US$193 million bridge-to-bond facility with a new term loan due in Q4 2027.

Norwegian renewable energy solutions provider Scatec has signed an agreement to sell its 42% equity share in a solar plant in South Africa to a subsidiary of a fund managed by asset manager Stanlib Asset Management Proprietary Limited.

Activities under the new Regional Emergency Solar Power Intervention Project, a US$311 million regional project for which the World Bank supports, have started in Freetown, Sierra Leone.

Finlay Colville, head of research at PV Tech, reveals the top 10 module suppliers of 2022 and discusses what to expect from each of them this year.