Globeleq, a leading independent power generation company in Africa, and its consortium partner, Sturdee Energy Southern Africa, an independent power producer focused on renewable energy projects in Sub-Saharan Africa, confirm they have been awarded preferred bidder status for two 15 MWac projects in the first tranche of the Kingdom of … Read More
Intro Energy to launch electricity projects using net metering system in Egypt.
Intro Energy is set to launch projects that will help produce electricity from renewable resources in Egypt. The project will be to implement a solar energy plant with a capacity of 20MW in Sharm El-Sheikh. This will also … Read More
PEG Africa raises US$25 million Series C funding to boosts its off-grid solar expansion in West Africa
A solar company PEG Africa, who provides pay-as-you-go (PAYG) solar services in West Africa; have raised a US$25 million Series C funding. This have now taken its funding total to US$50 million.
PEG … Read More
Egypt to unveil world’s largest solar park/farm this year.
By mid this year 2019, Egypt expects to unveil its Benban solar park; which covers a 37.2 km2 (14.4 sq mi) area and will produce more than 4TWh of power once fully operational. The park consists of 41 power plants/stations … Read More
Kenya firms receive US$75m loan to fund solar power plants construction
Two solar power plant projects in Kenya receive US$75m loan by the European Investment Bank (EIB). Interests in Kenya’s green project is rising as more world organizations are looking to finance them.
The plants are developed by two Kenyan … Read More
Ugandan solar startup SolarNow, receives US$6 million debt facility to help expand business.
SolarNow – a startup which sells solar systems to rural households and businesses in Uganda with a 24-month credit facility, have just secured a US$6 million facility from SunFunder.
The facility which is SolarNow’s second structured asset … Read More
As part of promoting the use of renewal energy, Emira property funds has installed R16m solar farm on top of its Randridge mall in Randpark ridge, Johannesburg.
The photovoltaic solar farm on the mall consists of 10,900 panels, it produces approximately 1.2MWh of electricity.Its panels were specially imported and manufactured … Read More