Solar and Renewables
Top stories
The EU is financing a €690m overhaul of Egypt’s transmission grid, combining a €600m EIB loan and €90m in grants to integrate 22 GW of renewable capacity by 2030.
South Africa’s state power utility, Eskom, has launched a dedicated renewable energy business designed to accelerate large-scale clean energy development to around 3,200 MW by 2040.
Ethiopia’s 2025–2030 e-mobility strategy targets 500,000 EVs and 2,200 charging stations by 2030, using a 90% renewable grid to cut $4bn in annual fuel imports.
Azana Electric Group has secured a US$20 million BII debt facility for run-of-river hydropower projects, reflecting a development finance shift toward smaller, distributed renewable energy across Africa.
Africa is now a destination spot for solar power as adoption continues to grow rapidly. However, different nations on the continent employ various strategies to optimise their own renewable energy market
Solar adoption has reached record levels, yet significant gaps remain. This article examines three distinct markets and the factors positioning them as potential next solar powerhouses on the continent.
The African Development Bank has approved €7.33 million ($8.61 million) in additional financing for Uganda’s Rural Electricity Access Project (UREAP Phase I) to address unresolved compensation payments and incomplete works.
Power project developer Globeleq plans to build a 250-megawatt solar-battery plant in Zambia for $315 million, with completion scheduled for 2029.
The government of Botswana has signed a 30-year power purchase agreement (PPA) for the development of a 500 megawatts (MW) solar photovoltaic plant with 500MWh battery storage in Maun, representing one of the country’s largest renewable energy projects.
The European Bank for Reconstruction and Development (EBRD) has approved a $65 million construction bridging loan to HAU Energy to support a new solar and battery storage project in Egypt.
The governments of Germany and South Africa have agreed on a new €200 million (($234 million) concessional loan to support South Africa’s energy transition, alongside expanded cooperation on critical minerals and green industrial projects.
South Africa has commissioned the 148-megawatt (MW) Bolobedu Solar Plant in Limpopo province, adding new capacity to the national electricity grid, the government has announced.
Kenya-based solar company Sun King has announced plans to invest up to $150 million to expand electricity access in Ethiopia by 2030, targeting millions of households and small businesses
Zambia has signed a 100 megawatt (MW) hybrid wind and solar Power Purchase Agreement (PPA) as part of efforts to increase electricity supply capacity alongside existing hydropower sources.
The government of Ghana has announced plans to procure 200 megawatts (MW) of battery energy storage systems as part of efforts to stabilise the national electricity grid.
Most Nigerians are moving to solar, based on all estimates. However, the adoption isn’t driven by a cheaper alternative, but by the glaring reality of a systemic power failure in the country.
The global oil shock triggered by tensions in the Middle East is reshaping how Africa approaches renewable energy investment. The shift is no longer driven solely by transition ambitions, but by growing economic necessity.
The government of Egypt has signed three agreements to develop renewable energy projects and battery storage facilities with a combined capacity of 5,620 megawatts (MW), as part of efforts to expand clean energy generation.
In Nigeria, solar energy adoption is becoming more widespread, but most people still prefer rooftop installations over balcony systems, even though the latter offer stronger safety advantages.
Lyra Energy has begun construction of the R4 billion ($238 million) Thakadu solar photovoltaic (PV) plant in South Africa, a 255-megawatt facility located on the border of the Free State and Northwest provinces.
