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 […]

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 […]

Solar energy provider westa.solar 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 westa.solar is getting a […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]