Africa

UAE state-owned renewable energy developer Masdar has signed a number of solar PV and renewables agreements in small and emerging global solar markets.

Summit Ridge Energy and PureSky Energy have established financing facilities, while Mainstream has closed funding for a 97.5MW solar project.

Spanish solar tracker provider PV Hardware (PVH) has secured a 230MW PV tracker supply for a project in Egypt.

Colorado-based mini-grid specialist Husk Power has secured more than US$100 million in equity and debt funding aimed to grow its community solar mini-grids in rural sub-Saharan Africa and South Asia.

Renewables investor Magnora ASA has sold a 90MW solar PV project in South Africa to independent power producer (IPP) Globeleq.

US tracker manufacturer GameChange Solar has announced plans to supply solar trackers to the 560MW Kom Ombo solar farm in Egypt.

German renewable energy project developer ABO Wind has sold a 100MW solar PV project in South Africa’s North West Province to an unnamed investor.

The International Financing Corporation has signed a deal with Moroccan state-owned phosphate mining and fertiliser producer OCP Group to partially finance 400MW worth of solar PV.

Canadian-headquartered solar-plus-storage developer Watt Renewable Corporation has secured a US$13 million investment to deploy hybrid corporate & industrial (C&I) solar solutions across Nigeria.

As Europe is increasing its solar PV capacity to reach its goal in the REPowerEU plan, countries in the bloc are accelerating solar PV installation. But some EU countries also look at the solar potential in North Africa, as the region boasts better solar irradiance and longer sunshine hours.