Tech & Power Generation

Multiple wind turbines set against a sunset sky
Finance

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 […]
Tech & Power Generation

Bringing light to places that need it

Gqi Raoleka, CEO of Pele Green Energy, explains how he and his colleagues are building an independent power producer that channels capital, talent and innovation into tangible opportunities What makes Pele Green Energy different? Gqi Raoleka: We were among the first independent power producers (IPPs) in South Africa in 2009 and we’ve been developing and […]
Battery Storage

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 […]
Case studies

South Africa’s Overberg: turbo-charging wind power

South Africa’s Overberg project is set to become the continent’s biggest wind farm. As the final contracts are signed, we look at a potential model for the future of clean, low-cost power in Africa In early June this year, the story of renewables in Africa changed. The finalisation of the second stage of the Overberg […]
News

Built for Africa: Trinasolar Showcases Weather-Resilient Solar + Storage Solutions at Africa Energy Forum

Cape Town, South Africa, 17 June 2025 – With over 1 gigawatt of solar equipment supplied in South Africa in the past year, Trinasolar returns to the Africa Energy Forum (AEF) reaffirming its position as a long-term partner in Africa’s clean energy journey. At this year’s event in Cape Town, the company is spotlighting its […]
Case studies

ZEMA Okays Solar Project

ZAMBIA Environmental Management Agency (ZEMA) has given approval to Margam Valley Solar (MVS) Energy Corporation Limited to proceed with the development of its 400 megawatts (MW) of solar power plants in Kalulushi district that will cost over US$650 million. It is estimated that the project will initially start with 200MW and will be fully constructed […]
Finance

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 […]
Tech & Power Generation

MAN Energy Solutions becomes Everllence

A new chapter for a company rich in tradition The former MAN Energy Solutions is now operating under a new name and has become Everllence. The new brand identity applies worldwide and marks a significant milestone in the company’s strategic development.CEO Uwe Lauber symbolically unveiled the new company nameplate at headquarters in Augsburg, Germany earlier […]
Tech & Power Generation

How is GE Vernova incorporating AI in engineering?

A Library of Power Grids: How a Team of Power System Experts Curates Intelligence on Global Electricity Systems Foundational repositories like the ArcGIS Living Atlas of the World and the NOAA’s World Weather Records serve as libraries rich with the critical data used to analyze trends and forecast possible futures by multiple industries across the […]
Battery Storage

Mulilo secures Preferred Bidder status in South Africa’s BESIPPPP Round 3

Mulilo, a leading Independent Power Producer (IPP), has been awarded four projects under Round 3 of South Africa’s Battery Energy Storage Independent Power Producers Procurement Programme (BESIPPPP). These projects will deliver a combined 493 MW / 1972 MWh of Battery Energy Storage Systems (BESS) installations under 15-year power purchase agreements with Eskom. All awarded projects […]
Tech & Power Generation

How to make the most of YES!

With the 2025 Youth Energy Summit (YES!) fast approaching, three participants offer advice on how to turn conference connections into academic and professional opportunities The world’s largest gathering for young people in the energy sector takes place in Cape Town between 18 and 20 June this year. It’s an opportunity to learn from the best, […]
Finance

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 […]

Energy news