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Zambia signs 500MW solar and battery deal with South Korea's KS Eco Solutions amid hydropower drop
Zambia has signed a deal with South Korea's KS Eco Solutions Holdings to develop a 500MW solar plant and a 500MWh battery storage system, as the country seeks to diversify away from hydropower.
Ghana power firm NEDCo closes in on $2.6mn debt target in northern revenue drive
The campaign forms part of broader efforts to improve NEDCo's finances and reduce system losses, which have long undermined the viability of electricity distribution in northern Ghana.
South Korean developers propose building 500MW solar project in Zambia, at cost of up to $900mn
South Korean developers led by KS Eco Solutions Holding Limited are proposing a $700mn-$900mn investment in a 500MW solar project in Zambia, to be built in ten phases and supported by a long-term power purchase agreement with ZESCO.
Zambia's Lunzua acquires 27% stake in 180MW Ngonye Falls hydropower project
Lunzua Power Company has agreed to acquire a 27% stake in Western Power Company to help complete the 180MW Ngonye Falls Hydroelectric Power Project in Zambia.
Anzana agrees indicative terms with CPEF for proposed $20mn investment supporting African hydropower, electricity distribution platform
The proposed facility is intended to finance near-term mergers and acquisitions and project development, with capital focused on operating and brownfield assets in Anzana’s core markets, including the Lobito Corridor.
Scatec starts construction of €96mn solar plant in Tunisia’s Sidi Bouzid
Norway's renewable energy firm Scatec (OSE:SCATC) announced the start of construction on the 120MW Sidi Bouzid 2 solar plant, after reaching financial close on the project, which carries investments of approximately €96mn.
World Bank backs Eastern Africa power grid integration with $1.6bn programme
The World Bank Group has approved a $1.6bn financing package for the RETRADE-EA, a 10-year initiative aimed at expanding cross-border electricity trade in east Africa and strengthening regional grid integration.
West Africa's BIDC secures $100mn AfDB backing for clean energy expansion
The African Development Bank Group (AfDB) has approved a $100mn financing package for the ECOWAS Bank for Investment and Development (BIDC), marking the first time a multilateral DFI has taken an equity stake in the West African lender.
Mission 300 investment platform Zafiri launches with $176m to support African distributed renewables firms
Zafiri, a new blended-finance vehicle launched under the Mission 300 initiative, has secured $176mn in initial commitments to support distributed renewable energy companies across sub-Saharan Africa.
A.P. Moller Capital buys Mainstream Renewable Power South Africa platform
A.P. Moller Capital has agreed to acquire Mainstream Renewable Power's South African business, gaining 148MW of operating and under-construction assets, 351MW of construction-ready projects and an 11.6GW development pipeline.
Tanzania completes $4mn power grid upgrades to boost electricity supply in central regions
Upgrades to Tanzania’s electricity transmission network worth more than TZS 10.5bn ($4mn) have been completed, extending improved power reliability to five districts in the country’s central corridor
Forsys names uranium sector veteran John Borshoff interim CEO to advance flagship Namibia project
Forsys Metals (TSX: FSY) plans to appoint veteran uranium executive John Borshoff as chief executive to accelerate development of its Norasa project in Namibia and pursue acquisitions aimed at building a diversified uranium portfolio.
Hynfra and Ohmium to advance green hydrogen projects in Jordan, Oman and Mauritania
Polish developer Hynfra PSA has partnered with US electrolyser manufacturer Ohmium International to advance multi-billion-dollar green hydrogen and ammonia projects in Jordan, Oman and Mauritania.
South Africa's NOA to supply 7GWh of renewable power to tissue maker UPP
South African energy trader NOA has agreed to supply about 7GWh of renewable electricity to tissue manufacturer Universal Paper and Plastics.
World Bank, AfDB joint initiative Mission 300 connects 50mn people amid African electrification drive
Mission 300 has connected more than 50mn people to electricity across 40 African countries since its launch in 2024, marking a key milestone towards its target of reaching 300mn people by 2030.
AEC, SPE Africa agree to boost technical collaboration across Africa’s energy sector
The African Energy Chamber (AEC) and the Society of Petroleum Engineers (SPE Africa) have signed a memorandum of understanding (MoU) aimed at advancing technical collaboration, knowledge sharing and innovation across Africa’s energy industry.
Italy signals interest in Tanzania carbon market investment as climate talks advance
Italy has expressed interest in investing in Tanzania’s carbon market and environmental conservation projects, as both sides deepen cooperation under the Paris Agreement’s carbon trading framework.
Kenya commissions $65mn transmission project supplying planned Konza Technopolis development
Kenya has commissioned the KES8.4bn ($65mn) Isinya–Konza 400-kilovolt (kV) transmission line and associated Konza substation to bolster the high-voltage power network and strengthen electricity supply to the planned Konza Technopolis development.
Yinson choses Eureka to supply back-up power for FPSO offshore Nigeria
Yinson Berhad (KLSE:YINSON) unit has awarded Norway-based Eureka a contract to supply a back-up power generation module for the FPSO Abigail-Joseph operating at Nigeria's Anyala and Madu offshore fields.
Atomic Eagle expands uranium mineralisation at Zambia project
Atomic Eagle (ASX: AEU) has extended known uranium mineralisation at its wholly owned Muntanga Uranium Project in Zambia following a successful drilling campaign;
First WATT Renewable and MTN Nigeria launch renewable energy programme
First WATT Renewable Limited and MTN Nigeria have launched a renewable energy programme that will deploy solar and battery systems across critical telecommunications facilities and support electric vehicle (EV) charging infrastructure
South Africa’s national nuclear energy agency pushes for sector rejuvenation and growth
The South African Nuclear Energy Corporation (Necsa) has launched six high-impact programmes aimed at strengthening the country’s nuclear sector, increasing revenue and supporting long-term industry growth.
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