Scenic view of the coastline near Cape Town, South Africa Acciona Energía has agreed to sell its stakes in two long‑operating South African renewable energy assets—Gouda Wind Farm (138 MW) and Sishen Solar PV Plant (94 MWp)—to Cennergi, a wholly owned subsidiary of Exxaro Resources, for an enterprise value of €255 million. The transaction, expectedContinueContinue reading “Acciona Energía Sells Stakes in 232 MW of South African Renewables to Cennergi ⚡🌍✨”
Tag Archives: climate-change
China Energy Engineering Explores Solar-Plus-Storage in Côte d’Ivoire ☀️🔋✨🇨🇮
China Energy Engineering Corporation (CEEC) is preparing to launch its first utility-scale solar project in Africa, marking a significant step in the continent’s renewable energy transition. The proposed development in Ferkessédougou, northern Côte d’Ivoire, will integrate 120 MW of ground-mounted solar capacity with 100 MW/200 MWh of battery energy storage (BESS). Structured under a Build-Own-Operate-TransferContinueContinue reading “China Energy Engineering Explores Solar-Plus-Storage in Côte d’Ivoire ☀️🔋✨🇨🇮”
Taqa: Powering Palestine’s Renewable Energy Independence
Aerial view of a solar power plant in Palestine (Ramallah) commissioned in 2024. Massader, the energy investment arm of the Palestine Investment Fund (PIF), has joined forces with the Arab Palestinian Investment Company (APIC) and the Bank of Palestine Group (BoP) to launch Taqa, a new company dedicated to driving renewable energy development in Palestine.ContinueContinue reading “Taqa: Powering Palestine’s Renewable Energy Independence”
Financial Modelling for Battery Energy Storage Systems: Key Concepts & Best Practices ⚡
Diagram illustrating the components of a battery energy storage system, from mono-cell to battery system. Battery storage is rapidly becoming a cornerstone of modern grids — for load shifting, frequency regulation, and helping balance intermittent renewables. But designing a robust financial model for a BESS project takes discipline, clarity, and sector-specific insight. Below are theContinueContinue reading “Financial Modelling for Battery Energy Storage Systems: Key Concepts & Best Practices ⚡”
Overview: Financial Close Reached for Ras Ghareb 200 MW Wind Farm 🌍⚡📊🇪🇬
Project HighlightsInfinity Power, a joint venture between Masdar (majority shareholder) and Egypt’s Infinity, has achieved financial close for the 200 MW Ras Ghareb onshore wind farm, located in the Gulf of Suez near Ras Ghareb. The project is backed by a long-term PPA with the Egyptian Electricity Transmission Company (EETC), and supported by a sovereignContinueContinue reading “Overview: Financial Close Reached for Ras Ghareb 200 MW Wind Farm 🌍⚡📊🇪🇬”
Transforming Telecom Power in West Africa: USD 80M Financing Backs Lebanese Hybrid Solar-Battery Solutions 🌍⚡
IPT Powertech Group, the Lebanon‑based telecom‑energy innovator, has just secured an additional USD 80 million in a DEG‑led syndicated facility — co‑financed by Finnfund and Proparco — to scale its hybrid solar‑battery energy systems for mobile network operators in Guinea, Guinea‑Bissau, and Sierra Leone. Why This Deal Matters Building on precedent: In 2019, the same DFI consortium providedContinueContinue reading “Transforming Telecom Power in West Africa: USD 80M Financing Backs Lebanese Hybrid Solar-Battery Solutions 🌍⚡”
Scaling Impact with Solar Mini‑Grids in Madagascar 🇲🇬🌍📊
Background and Market OpportunityCrossBoundary Access, a pioneer in blended‑finance renewable energy projects, is partnering with Malagasy developer ANKA to deploy a USD 20 million solar PV + battery mini‑grid portfolio—marking CrossBoundary Access’s first expansion beyond Nigeria—and a major scale-up for ANKA’s decentralized energy footprint . With electricity access rates at only 36 % overall and 15 % inContinueContinue reading “Scaling Impact with Solar Mini‑Grids in Madagascar 🇲🇬🌍📊”
Egypt’s First Utility-Scale Battery Storage Project Reaches Financial Close: A New Era for Grid Resilience
Egypt has achieved a significant milestone in its renewable energy journey with the financial close of its first utility-scale Battery Energy Storage System (BESS). AMEA Power, in collaboration with the International Finance Corporation (IFC), has secured a $72 million debt package to integrate a 300 MWh BESS with the 500 MW Abydos Solar PV PlantContinueContinue reading “Egypt’s First Utility-Scale Battery Storage Project Reaches Financial Close: A New Era for Grid Resilience”
Modelling Mini-Grid Economics: Financial Structuring for Rural Electrification Projects in Africa ⚡🌍
As energy access expands across Sub-Saharan Africa, mini-grids have emerged as a scalable, decentralized solution to power rural communities. But making them bankable remains a challenge. This is where robust financial modelling plays a critical role—not just in evaluating viability but in unlocking capital through data-driven confidence. The Mini-Grid Model: What Are We Building? Mini-gridsContinueContinue reading “Modelling Mini-Grid Economics: Financial Structuring for Rural Electrification Projects in Africa ⚡🌍”
Zambia’s Solar Surge: Datang Environment’s 100 MW Project Gains Momentum
Strategic Milestone for Renewable Energy in Zambia Zambia’s Ministry of Energy has officially approved the feasibility study prepared by Datang Environment for a 100 MW solar photovoltaic (PV) project. This endorsement signals a major advance for Zambia’s transition toward renewable energy, especially in the face of recurring power shortages and climate-induced hydropower instability. ⚡🌞📊 DatangContinueContinue reading “Zambia’s Solar Surge: Datang Environment’s 100 MW Project Gains Momentum”
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