The Dutch Entrepreneurial Development Bank (FMO) is finalizing an $80 million financing package for Solarcentury Africa to expand solar energy projects in Zambia, Namibia, and Botswana. This initiative, based on a merchant solar model, strengthens regional energy security and aids Zambia's electricity supply, diversifying its power mix amidst ongoing shortages.
First WATT Renewable Limited and MTN Nigeria have partnered to enhance renewable energy infrastructure, targeting the reduction of diesel dependence and increasing energy resilience. Their initiative includes deploying 34 MWp solar generation and 40 MWh battery systems across key facilities and EV charging stations, aiming to cut 25,000 tonnes of carbon emissions over five years.
President El-Sisi reviewed Egypt's renewable energy expansion plans, focusing on grid enhancement, solar projects, and battery storage systems aimed at achieving a 45% share of renewables by 2025. Key initiatives include the Energy Valley project and the Obelisk Solar Power Plant. Emphasis was placed on improving grid stability and fostering local energy industries.
Africa's energy sector is rapidly transforming with increased investments in renewable energy, surpassing non-renewable funding by 2025. Driven by supportive government policies and declining technology costs, the shift aims to improve electricity access for nearly 600 million people. Key projects include solar and wind farms, though challenges like regulatory barriers remain.
Liberian President Joseph Boakai announced the full restoration of the Mount Coffee Hydropower Plant’s 88 MW capacity and the commissioning of a new 20 MW solar power plant on June 5, 2026. This achievement enhances Liberia's renewable energy sources, promotes energy security, and aims to improve electricity access, supporting economic growth and sustainability.
Eskom has introduced Eskom Green, a new renewable energy division focused on developing utility-scale projects to decarbonize South Africa's power sector. Targeting 6 GW of carbon-free electricity by 2030 through 17 priority projects, it aims to expand to 32 GW by 2040, seeking private funding to enhance access to clean energy.
The Kenyan government has retracted a proposal by Kenya Power and Lighting Company to raise electricity tariffs, offering relief to consumers. Announced on June 3, 2026, the decision aims to protect households and help economic growth. Future tariff adjustments will still require new applications and public reviews, while other charges may fluctuate.
The Solar & Storage Zambia 2026 awards, held on May 27, celebrated the contributions of individuals and organizations to Zambia's renewable energy sector. The event featured discussions on solar energy and energy storage, culminating in awards recognizing leadership, innovation, and advocacy. It underscored Zambia's commitment to expanding renewable energy capacity and collaboration.
Mauritius has launched a 220 MW renewable energy tender to enhance its renewable energy sector and reduce reliance on imported fossil fuels. This initiative aims to generate 60 percent of electricity from renewables by 2030, featuring solar power and battery storage. A new digital procurement platform, e-Marketplace, enhances transparency and investor confidence in the process.
Equator Energy has commissioned a 1 MW solar power plant for Sameer Africa in Nairobi, enhancing energy reliability and reducing costs. The plant, used for self-consumption, aligns with Sameer Africa’s strategy for energy independence, with plans to expand capacity to 4 MW. This trend reflects East Africa's move towards private solar investments for better energy management.
The 3rd Edition of Solar & Storage Zambia 2026 gathered key stakeholders in Lusaka to advance the country's renewable energy goals. Discussions focused on solar deployment, grid resilience, and investment strategies. The event included panels on decentralized energy and financing, culminating in awards recognizing significant contributions to Zambia's clean energy transition.
Tanzania is advancing its renewable energy sector by focusing on large-scale wind and solar projects to reduce reliance on hydropower and natural gas. The government encourages private investments and aims to modernize the electricity network. Key developments include the Kishapu solar project and improved regional transmission infrastructure to enhance energy access and reliability.
Egypt is enhancing its electricity infrastructure with a EGP 60 billion financing protocol, signed on June 14, 2026, to modernize its national grid for renewable energy expansion. Prime Minister Madbouly and other officials emphasized the importance of integrating renewable sources to achieve a 45% share by 2028 while accommodating increasing power demands.
The Dutch Entrepreneurial Development Bank (FMO) is finalizing an $80 million financing package for Solarcentury Africa to expand solar energy projects in Zambia, Namibia, and Botswana. This initiative, based on a merchant solar model, strengthens regional energy security and aids Zambia's electricity supply, diversifying its power mix amidst ongoing shortages.
First WATT Renewable Limited and MTN Nigeria have partnered to enhance renewable energy infrastructure, targeting the reduction of diesel dependence and increasing energy resilience. Their initiative includes deploying 34 MWp solar generation and 40 MWh battery systems across key facilities and EV charging stations, aiming to cut 25,000 tonnes of carbon emissions over five years.
President El-Sisi reviewed Egypt's renewable energy expansion plans, focusing on grid enhancement, solar projects, and battery storage systems aimed at achieving a 45% share of renewables by 2025. Key initiatives include the Energy Valley project and the Obelisk Solar Power Plant. Emphasis was placed on improving grid stability and fostering local energy industries.
South Africa's renewable energy sector is shifting towards private power generation and electricity trading, supported by the upcoming National Transmission Company. With an investment potential of R161.2 billion by 2030, projects include utility-scale solar, wind, and battery systems, while businesses focus on larger behind-the-meter solutions. Despite regulatory challenges, opportunities in transmission and green hydrogen are emerging.
In April 2026, Chinese solar panel exports to Africa surged by 83 percent, reaching 123,787 tons, driven by rising demand for affordable renewable energy. Major markets include the Democratic Republic of Congo and South Africa, with imports increasing significantly. Competitive pricing makes Chinese solar panels appealing, supporting Africa's clean energy transition.
Egypt is advancing towards a cleaner energy future, focusing on solar power which is projected to rise from 2.9 GW in 2025 to 34.3 GW by 2035. Total renewable capacity is expected to reach 49.7 GW, supported by regulatory reforms and investments. Nuclear energy and battery storage also play crucial roles in enhancing energy stability and security.
Global funding for clean energy in Africa is increasing, but many projects stall due to unsuitable financial systems. Credit ratings linked to national profiles hinder project viability, while short loan durations pressure developers, increasing costs. Experts advocate reforms, including project-focused credit assessments and longer loan terms, to unlock Africa's renewable energy potential.
Small and medium-sized enterprises (SMEs) are vital to South Africa’s economy, constituting 98% of businesses and two-thirds of employment. A study reveals SMEs can drive environmental sustainability but face challenges beyond finance, including a lack of knowledge and technical skills. Enhanced collaboration between government and financial institutions is essential for supporting SMEs' green transition.
Africa's energy sector faces growing demand that exceeds supply, risking economic growth. Although energy production may rise by 29% by 2050, dependency on imports remains a concern. Initiatives like the Africa Single Electricity Market could enhance efficiency. Notably, financing challenges hinder renewable energy progress, despite potential economic benefits from local minerals.
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Empower New Energy and Neo Industry S.A have initiated construction on a solar and battery storage project at Neo Industry's facility in Cameroon. This 1.8 MW rooftop solar and 2.5 MWh battery system aims to enhance energy reliability and lower costs while supporting climate goals. The project will create over 120 jobs.
The government of Chad has taken a major step toward expanding its clean energy capacity by signing a memorandum of understanding with Axian Energy,...
Soleos Energy, in collaboration with Melci Holdings, has announced the development of a 200MW solar photovoltaic (PV) project in the Democratic Republic of Congo...
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The Iraqi Ministry of Finance has approved 20,000 dunams in Diyala for a 1.6 GW hybrid renewable energy project, combining solar and wind power. This significant development, initiated by the Diyala Investment Authority, marks a step toward enhancing Iraq's energy capacity and diversifying its renewable energy sources to meet demand.
South Africa aims to enhance investment from the UAE in renewable energy, infrastructure, and technology, as bilateral ties strengthen. At the Dubai-South Africa Business Forum, officials emphasized the UAE’s strategic role in boosting trade and collaboration. With significant investments already made, both nations see potential for further economic growth and cooperation.
Masdar and Repsol have agreed for Masdar to acquire a 49.99% stake in a 705 MW renewable energy portfolio in Spain, valued at €849 million. The portfolio includes 13 wind farms and six solar parks, aiming to enhance Masdar's capacity in the Iberian Peninsula to 4.1 GW upon completion by 2026.
Oman Power and Water Procurement Company has launched an international tender for consultancy services on the Marsa Solar Power Project, aiming to meet increasing electricity and water demands. Interested firms can purchase documents until June 15, 2026, with bid submissions due by July 26, 2026. Support for SMEs is emphasized.