Author Archives: FIN TEAM

Project area (Bondoukou) circled in red Earlier this month, AMEA Power officially broke ground on a 50 MW solar PV project in Bondoukou, located in the Gontougo region of northeastern Ivory Coast. The project is financed by Dutch development bank FMO and DEG, a subsidiary of KfW Group, and marks a key milestone in theContinueContinue reading “Ivory Coast Advances Solar Ambitions with AMEA Power’s 50 MW Project ☀️”

Sunrise in Tataouine, Tataouine Governorate, Tunisia Scatec, a leading renewable energy developer from Norway, is preparing to finance its new 120 MW Sidi Bouzid II solar project in Tunisia, with an estimated EUR 87 million in capital expenditure. The project follows the signing of a 25-year power purchase agreement (PPA) with Tunisian state utility STEGContinueContinue reading “Scatec Planning EUR 87 Million Financing for 120 MW Tunisian Solar Project”

Ruins of ancient colosseum, El Jem, Tunisia Yesterday, the Tunisian Ministry of Industry, Mines, and Energy successfully opened bids for wind projects under the country’s 1,700 MW large-scale renewable energy programme — marking a major step forward in Tunisia’s clean energy journey. This milestone confirms the nation’s strategic commitment to diversify its energy mix, attractContinueContinue reading “Time is now for wind power to contribute to Tunisia’s energy transition! 🌬️”

Earlier this month, Power Construction Corporation of China (PowerChina) signaled its interest in expanding renewable energy investments in Egypt, according to industry sources. The state-owned enterprise is actively exploring solar, wind, water desalination, and green hydrogen opportunities in the North African country. Key Investment Areas ⚡ Large-Scale Wind Projects: PowerChina is in discussions with EgyptianContinueContinue reading “PowerChina Plans Major Renewable Energy Push in Egypt”

Copenhagen Infrastructure Partners-owned independent power producer (IPP) Mulilo has reached financial close on its 75 MW solar project in South Africa. The Du Plessis Dam Solar PV2 facility, located near De Aar in the Northern Cape, is financed by Standard Bank, which acted as the mandated lead arranger. Project Overview ☀️ Capacity: 75 MW SolarContinueContinue reading “CIP-backed Mulilo’s South African Solar Project Reaches Financial Close”

South African renewable energy developer Red Rocket has reached financial close on the first phase of its 380 MW Overberg Wind Farm, marking a major milestone for the country’s clean energy transition. The club deal financing includes Absa Bank, Standard Bank, and the Development Bank of Southern Africa (DBSA). Project Overview 🌱 Location: Near Swellendam,ContinueContinue reading “Red Rocket Closes Financing for 380 MW South African Wind Farm”

Earlier this month, the Emerging Africa and Asia Infrastructure Fund (EAAIF), managed by Ninety One, committed USD 45 million in funding to CrossBoundary Energy (CBE) to accelerate the deployment of renewable energy solutions across Africa. This financing is part of a USD 300 million senior debt facility led by The Standard Bank of South Africa,ContinueContinue reading “EAAIF Funds CrossBoundary Energy’s Expansion in Africa”

North Africa is rapidly emerging as a key player in the global green hydrogen economy. With abundant solar and wind resources, strategic proximity to Europe, and increasing government support, countries like Morocco, Algeria, Tunisia, and Egypt are positioning themselves as future clean energy exporters. Why Green Hydrogen? Green hydrogen, produced via electrolysis powered by renewableContinueContinue reading “Green Hydrogen: North Africa’s Path to Becoming a Global Energy Powerhouse”

Canadian gold producer IAMGOLD has completed the acquisition of a 12 MW solar photovoltaic (PV) plant in Burkina Faso, reinforcing its commitment to renewable energy integration in the mining sector. The deal, structured as a captive power acquisition, positions IAMGOLD as a leader in sustainable mining operations in Africa. Key Deal Highlights ☀️ Buyer: IAMGOLDContinueContinue reading “IAMGOLD Acquires 12 MW Solar PV in Burkina Faso: A Step Towards Sustainable Mining”

South Africa’s renewable energy sector has received a major boost with a ZAR 575 million (USD 31.5 million) investment from the Climate Investment Fund (CIF) and Nedbank into Pele Green Energy Group. This strategic investment aims to accelerate the country’s transition away from coal, enhance energy security, and reduce emissions at scale. A Milestone InvestmentContinueContinue reading “Scaling Renewable Energy in South Africa: Climate Investment Fund & Nedbank Back Pele Green Energy”