africa

Scatec has published its latest financial results, which include revenues of NOK2.97 billion (US$270 million) in the third quarter of 2024.

A surge in rooftop solar has helped resolve load shedding in South Africa, but this has led to a decline in the demand for residential PV.

Sonangol and Qinghai Lihao Clean Energy plan to build a polysilicon plant, which will produce PV modules made of quartz ore, in Angola.

Construction of the cell plant in Ethiopia is expected to start in November 2024, with the start of production aimed at the end of the first quarter of 2025.

DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.

South Africa's announced 10% import duty on solar modules poses challenges for developers with tighter profit margins.

Local PV manufacturers in South Africa are talking with tier one producers to collaborate on local facilities for the South African market.

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.