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Finance

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 […]
Finance

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 […]
Wind

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 […]
Finance

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 […]
News

How South Africa is rewriting the rules on power supply

South Africa’s electric power network has long been plagued by blackouts and supply reductions, known as ‘load shedding’. But these disruptions are – finally – becoming a thing of the past South Africans learnt the meaning of ‘load shedding’ the hard way. Chronic underinvestment in power generation and grid infrastructure has led to years of […]
YES!

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 […]
Solar

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 […]
Southern Africa

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 […]
News

ENN: The New Independent Voice for Emerging Market Energy

The Energy News Network (ENN), a new independent platform dedicated to the stories behind energy in emerging markets, is now live. Covering corporate and public sector leaders, utilities, ministries, and regulators across Africa and beyond, ENN will track the policy shifts, investments, and diplomatic moves shaping the energy sector’s evolution. Africa’s energy demand is growing […]
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 […]
News

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 […]

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