Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM) have closed debt financing and started construction on a 40MW PV project in Mozambique.
Inspired Evolution has signed off on a deal to invest up to US$36 million in Alten RE Developments Africa, the Sub-Saharan African subsidiary of Alten Energías Renovables.
The platform will look to grow off-grid energy service companies spanning solar home systems, large solar, and metering applications such as pumps and mini-grids.
The West African Development Bank (BOAD), Emerging Africa Infrastructure Fund (EAIF), the National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo have agreed to finance a 50MW PV project in Mali.
Africa’s largest private equity firm has led a round of financing for Off Grid Electric to fuel the microgrid provider’s expansion in the continent, with investors including an arm of General Electric (GE).
InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea.
A five-point Plan has been devised by The South African Photovoltaics Industry Association (SAPIA) to support development starting, with a target of building 1.5GW of PV annually.
Private equity asset manager Apis Partners and its partners will provide US$60 million in funding for Greenlight Planet — a provider of off-grid solar products and financing to underserved rural populations across Africa and Asia.
