Eskom bags US$100 million KfW loan for renewables grid integration

South African utility Eskom and German Development Bank KfW have signed a US$100 million (~R1.35 billion) loan facility that will go towards improving the transmission network to support grid integration of renewable energy projects after 27 power purchase agreements (PPAs) were signed in April.

Scatec Solar signs PPAs for three solar PV plants in South Africa

Independent solar power producer Scatec Solar has confirmed it had signed Power Purchase Agreements (PPAs) on three solar PV plants in South Africa totalling 258 MW. PV Tech recently highlighted that the South African government has finally signed a total of 27 PPAs after long-running saga of delays.

SunPower to reduce workforce by 3% in new restructuring round

US-headquartered high-efficiency PV module producer SunPower Corp has announced plans to reduce its workforce by 3%, due to the Section 201 trade case decision by US President Trump to impose new import tariffs of solar cells and modules imported into the country.

African solar must find its feet beyond development finance

Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.