Heineken goes green with official launch of solar power plant in South Africa 

SOUTH AFRICA – In line with its pursuit of brewing a better world, Heineken South Africa has officially launched its recently installed solar power plant at its Sedibeng, Midvaal brewery.  The plant boasts of 14,000 panels having a significant 6.5MW of power, targeted to provide 30% of the brewery’s electricity demand.  Unlike many solar plants in South Africa constructed in…

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Solar energy company KarmSolar secures US$2.39m funding for its battery storage system

EGYPT – KarmSolar, a leading solar energy company and multi-utility enterprise in Egypt, has secured EGP47 million (US$2.39m) in funding for the first financed solar Power Purchase Agreement (PPA) battery storage system in Egypt. The funding was from Qatar National Bank ALAHLI (QNB ALAHLI) with an advisory led by Ezdaher Financial Advisory, an Egypt-based debt advisory firm. This is part…

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Empower New Energy set to develop solar projects in Africa’s Commercial and industrial sector

AFRICA – Empower New Energy, a Norwegian solar development and investment company, has signed an agreement to raise US$74 million from a consortium led by Climate Fund Managers to develop solar projects in the Africa Commercial and industrial (C&I) sector. The partnership will develop, finance, own and operate an initial 150MW of solar projects over the next three years. Norfund…

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SOLA Group, African Rainbow Energy reach final close of 200MW solar PV projects

SOUTH AFRICA – Independent power producer (IPP) SOLA Group and African Rainbow Energy have reached a financial close on 200MW solar PV projects for Tronox Mineral Sands. The financial close of the projects happened less than 6 months after the power purchase agreements were signed in mid-March 2022. Construction of the projects will now begin. The projects’ purpose is to…

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