Solar and Renewables
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In Africa’s vast and diverse energy sector, consumer renewable energy sales are primarily driven by off-grid solar products, such as lanterns, home systems, and kits, amid persistent electricity access challenges.
Africa’s budding renewable energy markets offer great opportunities for investment. However, without proper guidance and due diligence, investors risk losing their hard-earned money. This article offers insights on how to navigate Africa’s renewable energy space.
Most renewable projects in Africa are driven by foreign investors and global financiers like the World Bank. Still, some local companies are making notable contributions.
A US firm, Energy America, has announced plans to develop a 100 MWp solar power plant paired with a 250 megawatt hours (MWh) battery energy storage system (BESS) in Uganda.
West African nation, Ghana, has approved a $3.4 billion renewable energy program to transform the nation’s energy infrastructure, prioritizing public institutions like schools, hospitals, and universities.
Southern African nation, Zambia, has revealed that it plans to generate about 1,000 MW of new solar power by the end of 2025, even as recorded an increased national electricity access rate from 34% to 54%.
Southern African nation, Zimbabwe, signs a $4.4 million project preparation facility agreement with African Export-Import Bank (Afreximbank) to study the 1-gigawatt (GW) hybrid floating solar photovoltaic project on Lake Kariba, Zimbabwe.
West African nation, Ghana, has secured $1 billion in climate financing to advance its renewable energy and green transition agenda.
South Africa’s bold plan to shift from coal-based power to a greener energy system is commendable. However, it raises concerns about the timeline’s feasibility and potential pushback from lobbying groups in the continent’s most industrialised nation.
Egyptian energy firm, Korra Energi, has secured the contract to build a $1 million hybrid solar power plant for the Esh El Mallaha Petroleum Company (Eshpetco).
Sun King has signed a $156 million (KES 20.1 billion) agreement with Kenya to expand clean energy, marking the largest of its kind in Sub-Saharan Africa outside South Africa.
East African nations, Tanzania and Zambia, are set to receive $322 million in financing from the African Development Bank (AfDB) to support electricity generation, transmission and clean energy access projects in the region.
Across Africa, the clean energy revolution is being powered not just by governments and development banks, but increasingly by private companies investing billions of dollars into solar energy infrastructure.
East African nation, Tanzania, has invested TZS 4.5 billion (approximately $1.7 million) to establish a clean energy factory in the Geita Region of the country.
Southern African country, Zambia, has given approval for the construction of a 50MW solar plant and other energy-related projects to boost electricity supply in the county.
The Benban Solar Park is located on a 37 square kilometre patch of land in the village of Benban near the “desert road” between Aswan province and Egypt’s capital city, Cairo. The park itself has a total combined generation capacity of 1.8 gigawatts (GW) and features over 32 million solar PV panels. At full capacity,…
With more than 150 subsidiaries under its belt, Sonatrach is often described as Africa’s largest oil company. But it’s not easing off. The NOC is now turning to solar as its next big move to push for energy diversification.
Morocco is increasingly becoming Africa’s solar export giant. With close proximity to Europe, the North African country is building massive solar infrastructure to export power to countries like Spain, Portugal, among others.
For an average Tanzanian, constant electricity means dependence on diesel generation. However, the trend is shifting with investors pushing for renewable energy space. The question remains, however, can solar truly reverse this trend?
Hive Hydrogen in South Africa has launched a competitive bidding process for engineering firms to design and develop its $5.8 billion green hydrogen and ammonia facility in the Eastern Cape, according to the latest reports.