solar Archives - Gambeta News

ESWATINI SELECTS ’GLOBELEQ-STURDEE’ ENERGY CONSORTIUM FOR SOLAR PV PROJECTS

Posted on April 27, 2021 by Gambeta News

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 Eswatini’s procurement programme for new renewable generation capacity. The Eswatini Energy Regulatory Authority (ESERA) officially released the intention to award notice on 14 April 2021…

INTRO ENERGY TO LAUNCH US$100M PROJECT IN EGYPT

Posted on June 10, 2019 by Gambeta News

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 be with a net metering system. According to Managing Director of Intro Energy, Mohamed Mamdouh Abbas, the net metering system will include installing a digital…

PEG AFRICA COMPLETES US$25m SERIES C FUNDING

Posted on April 2, 2019April 3, 2019 by Gambeta News

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 Africa provides useful productive and essential assets, such as solar home systems, to undeserved households in West Africa. It also provides credit for these assets via its pay-as-you-go (PAYG)…

WORLD’S LARGEST SOLAR PARK TO BE UNVEILED IN EGYPT

Posted on January 24, 2019January 24, 2019 by Gambeta News

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 and about six(6) million solar panels. When completed, the Benban park will be the world’s largest solar park or farm. It is worthy to note that the world’s first solar thermal…

SOLAR POWER PROJECTS IN KENYA GETS US$75m FUNDING

Posted on February 6, 2018February 6, 2018 by Gambeta News

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 firms, Radiant Energy and Eldosol Energy. They are also located next to each other in Eldoret. The Solar plants have a capacity of 40MW each and the…

SOLARNOW SECURES US$6m DEBT FACILITY

Posted on October 23, 2017 by Gambeta News

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 finance instrument arranged by SunFunder is intended to help it reach more clients and expand access to pay-as-you-go (PAYG) solar power. According to Willem Nolens, SolarNow’s Chief Executive Officer (CEO),…

R16M SOLAR FARM INSTALLED ON TOP OF RANDRIDGE MALL

Posted on October 4, 2017 by Gambeta News

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 by Canadian Solar/Jinko, and it uses SMA inverters. This solar farm helps the mall to save 2GWh of electricity every year, and it is estimated…