Market News
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Financing secured for Africa�s New Solar Power project Inhitiative
Posted on :Friday , 4th December 2015
The Overseas Private Investment Corporation (OPIC) has signed an agreement with SolarReserve and ACWA Power to support the development of solar power in South Africa
Redstone Solar SolarReserveThe project will be able to deliver stable electricity supply even after sunset.According to the agreement, OPIC is making a US$400mn commitment of debt financing to sup. . .Ascension Properties in Africa embraces sustainable energy
Posted on :Wednesday , 2nd December 2015
South African real estate firm Ascension Properties is installing its first solar photovoltaic (PV) in Cape Town in a bid to reap financial rewards of green energy over the long-term.
The move will see the use of the embedded generation scheme available in Cape Town to enable the solar installation to feed any surplus electricity, produced by the PV system, ba. . .Japan Pledges to Finance Hurghada Solar Power Plant
Posted on :Monday , 30th November 2015
Egypt's Ambassador to Japan Ismail Khairat said that Japan pledged to finance a solar power plant in Hurghada at a cost of $100 million.
In a statement, the foreign ministry said that the agreement was reached during the recent visit paid by Foreign Minister Sameh Shoukry to Japan.That cooperation, the first of its kind between Egypt . . .UK�s Energy Africa to boost solar power in Africa
Posted on :Monday , 30th November 2015
Nigerian vice-president Yemi Osinbanjo has signed an agreement with the UK government to increase the deployment of solar energy to the West African country’s rural communities
solar succo pixabayThe campaign intends to accelerate the development of Africa’s emerging solar market, working with African governments, investors, businesses, NGOs, think tanks, and other d. . .Scatec Solar set to construct $600m solar projects in Africa
Posted on :Saturday , 21st November 2015
Leading global solar firm Scatec is now planning to invest over $600m for the construction of solar projects in Egypt over two years.
The firm’s senior Vice President Terje Osmundsen said they are looking forward to building more solar projects in Egypt aimed at addressing the country’s power shortage.
He added that as the sun is very stable from mornin. . .Please Select an Option
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