Renewables | African Energy

Featured

Issue 385 - 31 January 2019

Zimbabwe: Sable Chemicals, Tatanga Energy plan 400MW solar park for Kwekwe

Sable Chemicals is working with Tatanga Energy, a local energy infrastructure development company, to build the 50MW first phase of a solar park at the ammonium nitrate fertiliser manufacturer’s plant at Kwekwe in central Zimbabwe. The project is a joint venture between Sable,...

Issue 385 - 31 January 2019

Zimbabwe

Issue 385 - 31 January 2019

AFC agrees €149.6m loan for hydro project

The Africa Finance Corporation (AFC) has finalised a bridge loan facility worth €149.6m ($170m) for the construction of the 44MW Singrobo-Ahouaty hydropower project. The transaction closed in mid-December, when a first disbursement was made for the project, in which the AFC has...

Issue 385 - 31 January 2019

Côte d’Ivoire

Issue 385 - 31 January 2019

Morocco: Platinum under pressure

Moroccan renewables developer Platinum Power is facing an action for breach of contract in a court in Delaware from its main financial backer. Local media are now reporting that the company is close to bankruptcy and that staff have not been paid for months.Platinum is...

Issue 385 - 31 January 2019

Morocco

Issue 385 - 31 January 2019

Tunisia: Small wind power licences awarded

Tunisia’s Ministry of Industry and Small and Medium Enterprises has awarded licences to four onshore projects totalling 120MW under its wind energy procurement programme. The projects represent a combined investment of TND400m ($134.5m), according to Tunis Afrique Presse (TAP)....

Issue 385 - 31 January 2019

Tunisia

Issue 385 - 31 January 2019

South Africa: Investec, UKCI invest in renewable energy vehicle

Investec Bank Ltd and United Kingdom Climate Investments (UKCI) are investing R500m ($36.5m) each in a new renewable energy investment vehicle called Revego Africa Energy Ltd. The fund will be managed by Revego Fund Managers Ltd, a new majority black-owned fund manager which has...

Issue 385 - 31 January 2019

South Africa

Issue 385 - 31 January 2019

Cameroon: Miga guarantees for Nachtigal investors

The World Bank Group (WBG)’s Multilateral Investment Guarantee Agency (Miga) has issued guarantees worth €164.5m to two investors in the 420MW Nachtigal hydropower project, where Miga sister institution the International Finance Corporation was lead arranger as well as an...

Issue 385 - 31 January 2019

Cameroon

Issue 385 - 31 January 2019

Mozambique: $2m debt facility agreed for SolarWorks!

Mozambique-based off-grid solar company SolarWorks! has agreed a $2m multi-currency debt facility organised by specialist off-grid debt firm SunFunder and US-based currency hedging company MFX Solutions. SolarWorks! will use the facility for working capital to expand its...

Issue 385 - 31 January 2019

Mozambique

Consultancy