Finance

TDB Group Signs Landmark Agreements With Leading Dre And Clean Cooking Companies To Deliver Clean Energy Access For 3 Million People Within A Year, As Part Of An Initial String Of Deals

The agreements signed on the sidelines of AEF are part of TDB Group’s Regional Energy Access Financing Platform, a first-of-its-kind platform supported by the World Bank’s ASCENT Program under Mission 300 Cape Town, 19 June 2025 – The Trade and Development Bank Group (TDB Group), and its concessional and grant window, the Trade and Development […]

Pioneering a New Model for Financing Renewable Energy in Africa

Lusaka, 18 June 2025 – In a major step forward for renewable energy in Africa, Serengeti Energy and Kwama Energy, together with four impact lenders, have partnered to develop the Ilute Solar Project (Ilute), located near Sesheke in Western Zambia. This 32MWp project is the first project financed power venture to supply electricity via the […]

How development finance can increase energy access in Africa – and how governments can accelerate this

BII CEO, Leslie Maasdorp, outlines some of the steps that could help bring the benefits of electricity to 300 million more Africans by the end of the decade. Energy is the foundation of development – in Africa, and globally. Sustainable prosperity involves many things – good healthcare, digital technologies, efficient transportation, decent jobs and more […]

Chisamba Solar Project increases Stanbic’s Energy Sector Financing to USD223.7m in 6 months

…as GreenCo gets ready to start onward supply of power to First Quantum Minerals 27 May 2025, Lusaka: Stanbic Bank says its financing of three key energy projects in the last six months is amounting to a USD223.7 million with a total contribution of 660MW to the grid, demonstrating the Bank’s clear commitment to the […]

A mission to bring power to the people

Multilateral donors have earmarked $55 billion in concessional funding for innovative projects that will deliver electricity to an additional 300 million people in Africa by 2030 The figures speak for themselves. Africa represents 20 per cent of the global population but only 3 per cent of global electricity use, according to the African Development Bank […]

BII, AfDB and EBRD support pioneering solar and battery storage project in Egypt with US$ 479 million loan to Obelisk Solar Power

British International Investment (BII), the UK’s development finance institution and impact investor, the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) are providing a total of US$ 479.1 million to Obelisk Solar Power SAE, a special-purpose vehicle incorporated in Egypt and owned by Scatec ASA. This financing will support the development of a 1.1 GW solar photovoltaic (PV) power plant […]

What Africa needs from banks to achieve its energy transition

By Rentia van Tonder, Head of Power, and Aadil Cajee, Head of Energy & Infrastructure Finance at Standard Bank CIB 04 June 2025: The future of energy in Africa will not be determined by policy alone. Nor will it be unlocked by capital in isolation. If Africa is to achieve a secure, affordable and lower-carbon […]

Nedbank CIB champions youth empowerment and energy innovation at the Youth Energy Summit in Cape Town

EnergyNet is excited to welcome Nedbank CIB to this year’s Youth Energy Summit in Cape Town, where the bank is playing an important role in supporting Africa’s next generation of energy professionals. As a leading financial institution committed to sustainability and inclusive growth, Nedbank CIB is investing in Africa’s future by empowering the continent’s youth […]

Standard Bank and NOA unlock capital for energy transition with landmark guarantee Facility on 349MW solar PV project

Innovative financial instruments have an important role to play in helping to unlock and accelerate capital for South Africa’s energy transition and support economic recovery Standard Bank and renewable energy aggregator NOA have reached financial close on the 349MW Khauta South Solar PV project, a flagship renewable energy development that introduces a pioneering financial structure […]

African Development Bank Group and Private Infrastructure Development Group team up to scale-up domestic capital mobilization across Africa

The African Development Bank Group and the Private Infrastructure Development Group have agreed to work together to unlock long-term local currency capital for energy, infrastructure, industrialization, housing and other productive sectors across Africa. The agreement was signed on 14 May at the Bank’s headquarters in Abidjan by Solomon Quaynor, African Development Bank Vice-President for Private […]

Media Release: Red Rocket Reaches Financial Close for South Africa’s Largest Wind Farm

CAPE TOWN, 13 March 2025 – Red Rocket, a leading renewable energy independent power producer, has reached financial close on the first phase of the Overberg Wind Farm, marking a major milestone in South Africa’s clean energy transition. Adding to Red Rocket’s impressive portfolio of wind farms, Overberg Wind Farm will be the latest in […]

Layton Nenzinane – Chief Financial Officer, Seriti Green Chartered Accountant | A Voice for Africa’s Just Energy Transition

Why I Said Yes to YES! Summit 2025

I grew up in a modest home in Thaba Nchu, a town just outside Bloemfontein in the Free State, as the youngest in a medium-sized family with two older siblings. I was surrounded by love, discipline and hope. But life changed quickly. I lost my mother at six and my father at thirteen. Orphanhood wasn’t […]

How NIWIMNRO is Transforming the Sector for Women

EnergyNet spoke to Felicia Dairo from the Nigerian Indigenous Women in Mining and Natural Resource Organisation (NIWIMNRO) prior to their upcoming launch that is taking place on the 15th July in Abuja, Nigeria about NIWIMNRO and what they hope to achieve in the future. What inspired the creation of NIWIMNRO? It all began with a […]

AMDA and UNDP Partner to Accelerate Minigrid Deployment Across Africa

Cape Town, 25 June 2025 — The United Nations Development Programme (UNDP) and the Africa Minigrid Developers Association (AMDA) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in accelerating the deployment of sustainable minigrids across Africa. The MoU was signed on 19 June during the Africa Energy Forum (AEF) held in Cape Town, South Africa. The […]

Battery Storage

Globeleq’s Red Sands Battery Energy Storage Project Reaches Financial Close

CAPE TOWN, 1 July 2025: Globeleq, a leading independent power company in Africa and its project partner, African Rainbow Energy, have reached financial close on the 153 MW/612 MWh Red Sands battery energy storage project (BESS) in South Africa. The project is Africa’s largest standalone BESS facility to reach financial close. Signing of the project […]

TDB Group Signs Landmark Agreements With Leading Dre And Clean Cooking Companies To Deliver Clean Energy Access For 3 Million People Within A Year, As Part Of An Initial String Of Deals

The agreements signed on the sidelines of AEF are part of TDB Group’s Regional Energy Access Financing Platform, a first-of-its-kind platform supported by the World Bank’s ASCENT Program under Mission 300 Cape Town, 19 June 2025 – The Trade and Development Bank Group (TDB Group), and its concessional and grant window, the Trade and Development […]

Richard Nelson, Coordinator, Power Africa

Speaker presenting at AEF event

Tech & Power Generation

The Energy Debate: Fossil Fuels vs. Renewables in Africa

H.E Honourable Sédiko Douka, Commissioner for Infrastructure, Energy & Digitalisation, ECOWAS

H.E Honourable Sédiko Douka, Commissioner for Infrastructure, Energy & Digitalisation, ECOWAS

H.E. Honourable Charles Umehai, Deputy Minister for Energy, Republic of Liberia: WA-ECS 2024

H.E. Honourable Charles Umehai, Deputy Minister for Energy, Republic of Liberia: WA-ECS 2024

aef 2025: Accelerating Partnerships to Develop Africa’s Energy Markets

Abstract image featuring elongated shapes

Joseph Anis, President & CEO, Europe, Middle East & Africa, Gas Power, GE Vernova

View from below of a metal structure

Gqi Raoleka, MD, Pele Green Energy

Ademola Ogunbanjo, Executive Vice President, Oando Clean Energy