africa

Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.

“There is an adjustment in the industry [where] there are cycles,” explains Laura Fortes, senior manager for access to finance at GOGLA.

The world invested US$300 million into the off-grid solar sector in 2024, a 30% year-on-year decline in total funding, according to GOGLA.

Toyo Solar plans to double its annual solar PV cell production capacity in Ethiopia, East Africa.

The company signed a 25-year power purchase agreement with Egypt Aluminium for a 1.1GW/200MWh solar-plus-storage project in the country.

“We want to scale up our localisation drive in solar materials," said managing director of the Rural Electrification Agency.

Ongoing investment barriers are preventing Africa from realising the full potential of its solar resources despite strong growth in 2024, according to a Global Solar Council report.

AMEA Power has started construction at a 50MW solar power plant in Gontougo, in the north-east of the Ivory Coast.

JUWI Renewable Energies has announced plans to build three new solar projects, with a combined capacity of 340MW, in South Africa.

Chinese manufacturer JA Solar will supply n-type modules for the 1GW Abydos Phase II solar-plus-storage project in Egypt.