The Nigerian Agricultural Bank, the Bank of Agriculture and electricity supplier Daystar Power have signed off on a cooperation deal for rural electrification in Nigeria.
Fund manager African Infrastructure Investment Managers (AIIM) has acquired majority stakes in nine new solar and wind power plants in South Africa, totaling 800MW.
A consortium including InfraCo Africa and Smart Energies International has signed a 25-year power purchase agreement (PPA) with the Chad’s national utility La Société Nationale d’Electricité (SNE) for a 60MW solar project.
Kazang Solar, the distribution partner of UK-headquartered off-grid solar specialist Azuri Technologies in Zambia, has been awarded US$1.6 million from the Africa Enterprise Challenge Fund (AECF) to provide home lighting products to more than 7,000 off-grid customers in rural Zambia.
Zola Energy, one of two US-headquartered providers of off-grid solar-plus-storage solutions to the African continent profiled in Energy-Storage.news’ recent Global Storage Opportunity 2018 report, has obtained US$20 million debt financing.
Zimbabwean firm Karo Mining Holdings plans to build a 300MW solar project close to its new platinum mining operations west of Harare instead of its original plans for a 600MW coal-fired power plant, after discussions with the Zimbabwean government.
After successful trials, the Veolia Foundation, an arm of French waste management giant Veolia that financially backs non-profit, community-oriented projects, has decided to expand its decentralised solar electrification plans in northern Madagascar to create 1,000 nano-grids and 100 nano-entrepreneurs by the end of the year.
A number of international initiatives have helped large-scale solar gain a foothold in Africa. The question now is how the market for this segment will develop beyond these programmes and how much capacity grids will be able to support.
A veteran of Kenya’s renewable energy industry has argued strongly in favour of lead acid batteries over lithium-ion, in response to a recent Energy-Storage.news article on off-grid solar PV in Africa.
