Korean investor Daelim Energy buys the two facilties in its debut deal in the country as it looks to bolster its global power portfolio.
Tag Archives | Africa
Formed in May, the unit helmed by William Barry aims to capture the premium generated through de-risking African renewables projects.
The projects shortlisted in the third annual Access Co-Development Facility range from a 7MW solar project in Zimbabwe to a 9.7MW hydro facility in Rwanda.
Three projects will be selected onstage at the Africa Energy Forum in June for funding and development assistance.
After setting a record low for Africa in a previous tender last year, the country is preparing to auction projects as part of a mandate it has granted to a World Bank unit.
The agreement to finance Scatec Solar’s Nova Scotia plant, expected to hit a $150m close next year, represents the first investment by Africa50.
The multilateral will be teaming up with a Moroccan sovereign investment vehicle to establish a ‘pan-African’ fund focused on energy, transport and water.
Costs have come down to $1.30 per watt for large-scale projects and $1.90 per watt for off-grid systems, fresh research shows.
There are now over 100 companies focusing on off-grid solar systems in Africa, part of a global distributed solar industry that could reach $3.1bn by 2020.
A wind farm in Nigeria, a solar farm in Sierra Leone and a hybrid solar and hydro plant in Madagascar are this year’s winners.