The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.
Kenya’s government has launched a plan for total electrification in the country by 2022, which acknowledges the role that off-grid systems, mini-grids and stand-alone solar plants can have in complementing extensions to the grid and mitigating higher loads.
Australian firm Resolute Mining has signed an agreement with Africa-focused power developer Ignite Energy to set up a 40MW hybrid solar, battery and heavy fuel oil (HFO) plant at its Syama Gold Mine in Mali, according to an Australian Stock exchange (ASX) filing.
Daystar Power, a clean energy supplier based in Africa, has teamed up with Nigerian retail banking group Unity Bank to power the latter’s switch away from diesel, using renewable energy and energy storage.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it – along with Africa – as having “high growth potential” for the pair’s products.
French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
South Africa’s state-owned utility Eskom has unveiled its Distributed Battery Storage Programme at an event this week, committing to solar-plus-storage and energy storage projects totalling 1400MWh.
Just a few months after Mozambique’s first ever large-scale PV project reached financial close and construction work began, the US Trade and Development Agency (USTDA) has awarded a grant to pay for a feasibility study for a new project of up to 100MW capacity.
Zola Energy, one of two US-headquartered providers of off-grid solar-plus-storage solutions to the African continent profiled in Energy-Storage.news’ recent Global Storage Opportunity 2018 report, has obtained US$20 million debt financing.
Despite the growing interest and deployment figures for lithium-ion batteries for stationary energy storage, its ‘predecessor’ lead acid still has a strong role to play in enabling more and more people to go solar, a representative of Trojan Battery has argued.
