The Egyptian Ministry of Electricity and Energy plans to integrate 3 gigawatts (GW) of solar and wind power into the national grid by the summer of 2025, as reported by a government official to Asharq Business. All projects will be executed by private sector companies under a build, own, operate (B.O.O.) model. This model allows investors to finance, construct, operate, and own the renewable energy projects, while the Egyptian Electricity Transmission Company (EETC) will commit
The Egyptian Ministry of Electricity and Energy plans to integrate 3 gigawatts (GW) of solar and wind power into the national grid by the summer of 2025, according to a government official who spoke to Asharq Business. The projects will be executed by private sector companies under a Build, Own, Operate (B.O.O.) model, meaning the investors will finance, construct, operate, and own the projects, while the Egyptian Electricity Transmission Company (EETC) will purchase all the
The European Investment Bank (EIB) and South Africa’s FirstRand Bank have jointly invested €400 million (R7.9 billion) into various solar and wind energy projects across South Africa. This partnership aims to increase private-sector energy generation, strengthen energy security, and reduce the country’s ongoing power shortages. FirstRand is matching EIB’s €200 million ($221.82 million) loan as part of Europe’s Global Gateway initiative, a strategy focused on clean and sustainable infrastructure. EIB, a key partner in the
Botswana is set to take a significant step towards energy self-sufficiency with the introduction of a 100MW solar power plant in Jwaneng, led by Sinotswana Green Energy, a consortium of Chinese and local firms. This project marks a major milestone in the nation’s shift towards renewable energy. Traditionally reliant on coal for electricity generation, Botswana’s government has recognized the need to diversify its energy sources and reduce carbon emissions. The country has set an ambitious
Egypt aims to save $4.1 billion annually in fuel costs by expanding its renewable energy capacity by 30 gigawatts, as announced by the government. This initiative is a key component of Egypt’s strategy to boost sustainable electricity generation and reduce reliance on traditional energy sources. Prime Minister Mostafa Madbouly chaired a meeting with officials to review ongoing renewable energy projects. Attendees included Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Mahmoud Esmat, Minister
Construction of the Grootspruit solar farm has officially begun in South Africa. This project, a collaboration between Engie and South African independent power producer Pele Green Energy, is located in the Free State province. Stuart Kent, Managing Director of Aurex Constructors, highlighted during the launch that the project aims to tackle South Africa’s energy challenges and support the country’s transition to a cleaner energy future. The solar farm, situated in the Lejweleputswa district, will feature
The Export-Import Bank of the United States (EXIM) is providing a $1.6 billion direct loan to support the development of 65 solar mini-grids in Angola. The loan will benefit ING Capital, Sun Africa, and Omatapalo, which are involved in capital markets, clean energy, and construction, respectively. These solar mini-grids, equipped with energy storage facilities, will be deployed across four provinces in southern Angola. The project aims to provide off-grid solutions, improving access to electricity and
On Thursday, Mozambican President Filipe Nyusi inaugurated a solar power station in the Bazaruto Archipelago, located in the Inhassoro district of Inhambane province. The solar power station, a result of a partnership between the state-owned electricity company EDM and the National Energy Fund (FUNAE), will enable over 400 new electricity connections in the surrounding communities of Pangaia and Sithone. President Nyusi emphasized the positive impact of the new power plant, stating that it will bring
Botala Energy , a BSE listed Ausie energy development company has clinched a 4MW Solar Power Plant tender in its Serowe Energy Hub named Project Phuthi. Botala announced recently that it has entered into a binding power purchase agreement (PPA) in respect of Project Phuthi with Botswana Power Corporation , the state owned power utility company. Botala, as Project Leader and 49% owner, will construct and operate the power facility. Other owners are Botswana-based:• Ngwato
Morocco is taking a significant step towards developing Africa’s first offshore wind energy project. The Moroccan Agency for Sustainable Energy (Masen) and the European Investment Bank (EIB) have issued a tender for a consultant to conduct a feasibility study for this pioneering initiative. The proposed site for the project is located in the Atlantic Ocean off the coast of Essaouira, a resort town renowned among windsurfers for its consistent wind flow from the Atlantic into
