Solar energy

CBEA, ENGIE Sign Largest Mini-Grid Solar Project Finance Transaction In Africa

CrossBoundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria (ENGIE)  have signed a project finance agreement to build a $60 million portfolio of mini-grids that will connect over 150,000 people to electricity in Nigeria. ENGIE has developed a pipeline of mini-grids to build over the next four years. CBEA will finance all of the […]

Oilfield Africa - Tuesday October 4, 2022
Husk Power Partners In Solar Microgrids For Telecommunications Infrastructure In Rural Nigeria

Hotspot Network Ltd. (HNL), a leading telecommunications service provider, and Husk Power Systems, operator of the largest fleet of rural solar-hybrid microgrids, today announced a partnership in Nigeria to transition mobile towers from diesel generation to solar power, and to bundle electricity and connectivity solutions for off-grid communities. The two companies have already converted nearly […]

Oilfield Africa - Tuesday August 23, 2022
Westa Wins €1.5m Loan For Solar Project In Nigeria

Solar energy provider is taking on €1.5 million in mezzanine debt to expand its business in Nigeria. The company, which is very active with commercial and industrial (C&I) customers, obtained its loan from the African and Austrian Investment Fund for SMEs (AAIF). As its business grows remarkably, solar energy provider is getting a […]

Oilfield Africa - Monday May 2, 2022
Gabon Expands It Energy Source Via New Amea Solar Power Plant

Amea Power, a company specializing in the development of thermal and renewable energy projects, plans to build a 50 Megawatt solar power plant in Oyem in the Woleu-Ntem province. We learned in a note from the Ministry of Investment Promotion on February 2. This project was presented on February 1, 2022 to the Minister of Investment […]

Oilfield Africa - Monday February 7, 2022
NSIA To Fund $24 Million Solar Power In Nigeria

The Nigeria Sovereign Investment Authority (NSIA), the institution that manages Nigeria’s sovereign wealth fund, is allocating $24 million (10 billion naira) in funding for renewable energy. This investment is aimed at the deployment of more than 200,000 solar home systems in Nigeria. This is another step forward in renewable energy investment in Nigeria. The Nigeria […]

Oilfield Africa - Friday January 21, 2022
All On, Katapult to Invest $1.4 Million in NXT Grid’s Mini-Grids solar farm in Nigeria

Impact investors All On and Katapult Climate are investing $1.4 million in NXT Grid. In Nigeria, the company installs and operates small-scale solar power plants for productive use, powered by artificial intelligence. NXT Grid’s assets will grow in Nigeria over the next two years. The solar mini-grid company is raising $1.4 million to fund its […]

Oilfield Africa - Wednesday December 22, 2021
Shell acquires solar and energy storage developer Savion

Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. “Savion’s significant […]

Oilfield Africa - Wednesday December 22, 2021
ENGIE holds 40% equity stake in the Xina Solar One’s Solar Power plant in South Africa

ENGIE   has completed the acquisition of Abengoa’s indirect stake in Xina Solar One (Pty) Ltd. Following completion of the transaction, ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power (CSP) plant, as well as a 46% of the Xina Operations & Maintenance Company (Pty) Ltd. The […]

Oilfield Africa - Monday November 22, 2021
Daystar Power to install 10.5MW solar power systems for five Seven-Up Bottling Company factories, Nigeria

Daystar Power, the leading provider of solar power solutions to West Africa’s industrial manufacturers, announced that it has reached an agreement with SBC to install 10.5MW solar power systems for five of its factories across Nigeria. This will bring SBC’s total installed solar power capacity to 12MW, making it Nigeria’s largest industrial manufacturer to power […]

Oilfield Africa - Wednesday November 17, 2021
Eiffel injects €3 million loan in GHANA-SIERRA LEONE solar project

Investment fund manager Eiffel Investment Group is providing a €3 million bridge loan to ManoCap Energy. The financing will provide solar power to commercial and industrial (C&I) customers in Ghana and Sierra Leone. ManoCap Energy is raising €3 million for its projects in Sierra Leone and Ghana. This is a bridge loan signed with Eiffel […]

Oilfield Africa - Wednesday October 13, 2021

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