Africa

The European Investment Bank (EIB) and FirstRand Bank have allocated €400 million (US$444 million) to support the development of solar PV and wind generation projects in South Africa.

AMEA Power is set to build one of Africa’s largest solar PV projects in Egypt, with a generation capacity of 1GW, after signing several PPAs.

Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1GW solar-plus-storage project.

Namibian utility NamPower has secured financing and EPC contractors for its 100MW Rosh Pinah solar PV project.

EliTe Solar has announced plans to build an 8GW cell and module manufacturing facility in the Suez Canal Economic Zone (SCZONE) in Egypt.

Algeria’s state-owned power utility, Sonelgaz, proposed the 2GW plan to build 15 PV projects across the country.

The partnership aims to build two solar PV plants - Sidi Bouzid and Tozeur solar projects – each with 60MW of capacity.

UAE-based renewable power developer AMEA Power has started construction at the 24MW Ituka solar project in Uganda.

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

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.