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 🌍⚡📊🇪🇬”
Tag Archives: energy
Scatec Secures 846 MW Solar Cluster in Free State, South Africa 🌍
Project OverviewScatec ASA has been named preferred bidder for the Kroonstad PV Cluster, totaling 846 MW, under South Africa’s REIPPPP Bid Window 7. The cluster includes two 293 MW plants (Oslaagte Solar 2 & 3) and the 260 MW Leeuwspruit Solar in the Free State province. Financing & Ownership Structure Total capex: ZAR 13 billionContinueContinue reading “Scatec Secures 846 MW Solar Cluster in Free State, South Africa 🌍”
Gutami Secures 150 MW Solar + 50 MW BESS PPP in Burkina Faso 🌍
🚀 Project OverviewGutami Holding BV, in partnership with a local development firm, has signed a public-private partnership (PPP) with the Government of Burkina Faso and a 25-year PPA with SONABEL, delivering 150 MWp solar PV integrated with 50 MW battery energy storage (BESS). The €100 million-plus project is slated for commissioning in Q4 2027. AllContinueContinue reading “Gutami Secures 150 MW Solar + 50 MW BESS PPP in Burkina Faso 🌍”
Red Sands BESS: A Milestone for South African Grid Stability and Renewable Integration ⚡🔋🌍
The Red Sands Battery Energy Storage System (BESS) in South Africa’s Northern Cape has officially reached commercial close, representing a significant development in the continent’s push for a resilient and decarbonized energy future. Spearheaded by Globeleq and its partner African Rainbow Energy, and supported by Norfund and British International Investment (BII), the 153 MW/612 MWhContinueContinue reading “Red Sands BESS: A Milestone for South African Grid Stability and Renewable Integration ⚡🔋🌍”
China-Africa Development Fund and Shenzhen Energy Plan 100 MW Solar Project in Ghana
The China-Africa Development Fund (CADF) is in discussions with Shenzhen Energy Group to finance a 100 MW utility-scale solar farm in Ghana. This initiative aims to supply clean energy to mining zones and industrial plants through corporate power purchase agreements (PPAs). It represents a strategic evolution in China-Africa energy cooperation, with a focus on sustainabilityContinueContinue reading “China-Africa Development Fund and Shenzhen Energy Plan 100 MW Solar Project in Ghana”
Anzana Joins Ruzizi III: A Strategic Leap in African Hydropower Development ⚡🌍📢
Anzana Electric Group is an independent power producer (IPP) and electricity distribution company focusing on Africa. The firm develops, finances, and operates grid-connected and off-grid energy projects, with a particular emphasis on renewable technologies such as hydropower and solar. With operational footprints in the Great Lakes and East Africa regions, Anzana combines technical expertise withContinueContinue reading “Anzana Joins Ruzizi III: A Strategic Leap in African Hydropower Development ⚡🌍📢”
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 🌍⚡”
Octopus Energy’s USD 250 Million Bet on Africa’s Clean Energy Future 🌍⚡
Octopus Energy Generation has launched the Octopus Energy Power Africa Fund (OEPA), targeting USD 250 million in investment over three years, to accelerate the continent’s clean energy transition. The fund launches with an initial USD 60 million and marks Octopus’ first dedicated push into the African renewables landscape. 🚀 Fund Objectives & Deployment Strategy TheContinueContinue reading “Octopus Energy’s USD 250 Million Bet on Africa’s Clean Energy Future 🌍⚡”
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”
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