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Issue 401
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Scatec Solar launches ambitious solar hybrid leasing platform

Norwegian solar power developer Scatec Solar has launched a new solar hybrid leasing platform named Release. The company joins FTSE 100 leasing behemoth Aggreko, which launched its first hybrid system at the Bisha gold mine in Eritrea in 2018. US rental power company APR...

Africa
Issue 401
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Community engagement means asking the people’s view

Project developers and financiers spend inordinate amounts of time and money assessing risks and their mitigation. But when traditional credit and political risk calculations are being made, they still too often overlook the populations whose land they are building on, even...

Africa
Issue 401
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Resources companies start lobbying as Cemac currency rules bite

The decision to impose stricter rules regulating currency transfers and payments across the Central African Economic and Monetary Union (Cemac) countries – heavily promoted by the International Monetary Fund (IMF) and its key ally in the process, the regional Banque des Etats...

Africa
Issue 401
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Total closes Anadarko Mozambique acquisition

Total on 30 September announced the closing of its acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $3.9bn. Total agreed with Occidental Petroleum in May to acquire Anadarko’s assets in Mozambique, Algeria, Ghana and...

Mozambique
Issue 401
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Kenya: Off-grid developers wary of regulatory trends

Off-grid developers at the Africa Investment Exchange (AIX): Nairobi event on 2-3 October are approaching trends towards greater regulation of the sector with caution. Many African countries are putting in place regulation intended to both aid developers and protect customers...

Kenya
Issue 401
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Kenya pushes the boundaries of Africa’s energy transition

Kenya has long been one of the most open markets in sub-Saharan Africa, but private investors in the country’s power sector are not having an easy ride. Power tariffs are being pushed downwards, with the most recent solar power purchase agreements (PPAs), signed earlier this...

Kenya
Issue 401
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Talks over Ethiopia Scaling Solar awards

The Ethiopian government and World Bank Group (WBG) are holding high-level talks about the first round of the Scaling Solar programme, in which Saudi Arabia’s Acwa Power was awarded two 125MW projects – Gad and Dicheto – on 11 September after bidding $0.02526/kWh. However,...

Ethiopia
Issue 401
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Equatorial Guinea: Supercar sale fetches $27m

A sale took place in Switzerland on 29 September of 25 supercars seized by Swiss authorities from vice-president Teodoro Nguema Obiang Mangue, known as Teodorín, the son of the president. The cars were auctioned with no reserve on behalf of the State of Geneva by auction...

Equatorial Guinea
Issue 401
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Israeli gas to reach Egypt by 2020

On 2 October, Noble Energy, Delek Drilling and their partners in the offshore Leviathan and Tamar fields announced that they had restructured the quantities of gas they are committed to sell to Egypt’s Dolphinus Holdings, an entity run by a trio of business people that will...

Egypt

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