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Category: Renewable Energy

Corporate News Renewable Energy

AMEA Power Breaks Ground on 50 MW Bondoukou Solar Project in Ivory Coast

AMEA Power has officially launched construction of the 50 MW Bondoukou Solar Photovoltaic Project in Ivory Coast, marking a significant step in the country’s renewable energy transition. The groundbreaking ceremony was attended by government officials and project financiers, including Ivory Coast’s Minister of Mines, Petroleum, and Energy, H.E. Sangafowa Coulibaly, and AMEA Power’s CFO, David Falcon. The $60 million project is being developed under a Build-Own-Operate-Transfer (BOOT) model by AMEA Goutougou, a subsidiary of AMEA

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International News Renewable Energy

AMEA Power Begins Construction on 50 MW Solar Project in Ivory Coast

Renewable energy firm AMEA Power has commenced construction on a 50 MW solar power plant in Bondoukou, Ivory Coast. The $60 million project marks the company’s first operational asset in the country and supports the national goal of increasing renewable energy’s share to 45% of the energy mix. Once operational, the plant will generate 85 GWh of clean energy annually, supplying electricity to 358,000 households and reducing carbon emissions by approximately 52,000 tons. The project

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International Renewable Energy

AMEA Power to Develop 1,500MWh Battery Storage in Egypt

Dubai-based renewable energy company AMEA Power has signed agreements with the Egyptian government to develop standalone battery energy storage systems (BESS) with a total capacity of 1,500MWh. The project will see 500MWh installed in Zafarana and 1,000MWh in Benban, enhancing grid stability and supporting the integration of renewable energy sources. This initiative aligns with Egypt’s efforts to accelerate its energy transition. Hussain Al Nowais, Chairman of AMEA Power, stated that the project will not only

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International News Renewable Energy

$7.9 Billion Green Hydrogen Project Set to Transform Nigeria’s Economy

A $7.9 billion green hydrogen project has been launched in Akwa Ibom State, Nigeria, with backing from China. The ambitious initiative will take place within the Liberty Free Trade Zone (LFTZ) at Atabrikang, in the Ibeno Local Government Area. The agreement was formalized in Uyo, Nigeria, with representatives from the Nigerian Federal Government, APPL Hydrogen Limited (AHL), and China’s LONGi Green Energy Technology signing the deal. Idara Ekpo, Chief Visionary Officer of AHL, revealed that

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Corporate News Renewable Energy

ACWA Power to Build 2GW Wind Farm in Egypt, Expanding Regional Renewable Energy Reach

ACWA Power, Saudi Arabia’s renewable energy leader, has announced plans to construct, own, and operate a 2GW wind power plant in South Hurghada, Egypt, which is expected to provide electricity to nearly 2 million homes. The project, valued at SAR 8.6 billion ($2.3 billion), is backed by a 25-year power purchase agreement (PPA) with Egypt’s state-run Electricity Transmission Company. ACWA Power aims to reach financial close on the project by next year, pending the completion

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Corporate News International Renewable Energy

Neosun Energy to Build Solar Power System for Jetpark in Johannesburg

Neosun Energy has secured a contract with Palisades Business Park to install a solar power system at Jetpark in Johannesburg, South Africa. The project aims to reduce grid electricity consumption and lower operational energy costs**. The grid-tied solar PV system will feature 1,380 Longi 580W N-type panels, providing an 800 kWp installed capacity. Designed for maximum efficiency, the system is expected to generate approximately 1.347 GWh of clean energy annually, offsetting nearly 55% of Jetpark’s

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International News Renewable Energy

Mozambique’s Solar Power Grows 18.6% in 2024 but Remains Below 1% of Total Production

Electricity generation from solar parks in Mozambique increased by 18.6% in 2024, yet it still accounts for less than 1% of the country’s total production, according to official data reviewed by Lusa. The budget execution report for January to December 2024 shows that solar power production from five large solar parks and smaller plants exceeded 101,247 megawatt-hours (MWh), up from 85,343 MWh in 2023. However, the government’s target of 138,808 MWh for the year was

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International Corporate News Renewable Energy

Rgreen Invest and Echosys Invest Close €100M African Green Energy Fund

French asset managers Rgreen Invest and Echosys Invest have successfully closed their Afrigreen Debt Impact Fund, securing €100 million ($104.8 million) in total commitments for green energy investments across Africa. Announced on Thursday, the fund has met its funding target, backed by major institutions, including the European Investment Bank (EIB), the International Finance Corporation (IFC), Dutch development bank FMO, France’s Proparco, Societe Generale, and BNP Paribas. Following its first close in early 2023, the fund

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International News Renewable Energy

IFC Partners with Nigerian Renewable Energy Firms to Expand Mini-Grids

The International Finance Corporation (IFC) has joined forces with five distributed renewable energy (DRE) companies to expand mini-grid projects across Nigeria, aiming to address the country’s electricity access gap and accelerate its transition to sustainable power solutions. The agreement was formalized on Monday at the Mission 300 Africa Energy Summit in Dar es Salaam, where IFC partnered with Havenhill Synergy Ltd., Prado Power Ltd., PriVida Power Ltd., Sosai Renewable Energies Ltd., and Virtuitis Solaris Ltd.

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International Renewable Energy

Egypt to Host Africa’s Largest Wind Energy Project with €1 Billion Investment

French infrastructure fund Meridiam has joined forces with the European Bank for Reconstruction and Development (EBRD), Hassan Allam Utilities (HAU), and Saudi-based ACWA Power to develop a €1 billion wind energy project in Egypt, poised to become Africa’s largest. Spanning two sites in the Gulf of Suez desert, the wind farm is expected to generate 1,100 MW of power upon completion in 2027. This aligns with Egypt’s renewable energy target to increase renewables to 42%

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