Côte d’Ivoire, also referred to as Ivory Coast, has commissioned the 52.4 MW Ferke Solar Plant in Ferkessedougou. Developed and financed by PFO Africa’s subsidiary PFO Energies under a build-own-operate-transfer (BOOT) model, the project is the first independent power producer (IPP) solar plant developed and financed by an Ivorian company, according to local media reports. It is equipped with 73,341 next-generation solar panels and was built for XOF 41 billion to generate around 90 GWh annually. 
The project is part of the government’s program to develop 600 MW of solar capacity nationwide, according to PFO Africa. The solar plant is expected to supply electricity to around 370,000 households, benefiting nearly 2 million people. It is backed by financial support from the Emerging Africa & Asia Infrastructure Fund (EAAIF) and the West African Development Bank (BOAD), with PFO Energies investing XOF 18.34 billion in the project. 
Sterling and Wilson Renewable Energy Limited (SWREL), through a 50:50 joint venture (JV) with Hassan Allam Construction, has received a letter of award (LoA) for the West Minya Solar Power Project in Egypt. Valued at around $560 million, the project comprises a 1 GW AC solar PV plant integrated with a 600 MWh battery energy storage system (BESS) in Minya Governorate. According to SWREL, the JV will undertake the full EPC works, including the solar plant, battery storage, grid interconnection, and transmission infrastructure. SWREL said this is its third GW-scale order secured in the past 9 months. 
Oman and EDF power solutions recently signed 3 strategic agreements to advance the former’s clean energy and digital infrastructure ambitions. A consortium led by EDF power solutions, alongside ONEIC and OQ Alternative Energy, signed a power purchase agreement (PPA) for the 500 MW Al Kamil Solar PV Independent Power Project with Oman Power and Water Procurement Company. The project will support the country’s renewable energy targets and strengthen its electricity supply. Separately, a framework agreement was signed for the development of the 2,000 MW Jabal Abyad Pumped Hydro Energy Storage (PHES) project, and a memorandum of understanding (MoU) to develop a 1 GW sustainable digital infrastructure platform for artificial intelligence, advanced computing and cloud services, supporting Oman Vision 2040 and economic diversification goals. 
The International Finance Corporation (IFC) has joined the shareholder group of solar mini-grids company WeLight as part of a €27 million capital raise alongside AXIAN, Sagemcom, and Norfund. The investment will support WeLight’s expansion into Nigeria and the Democratic Republic of the Congo (DRC), while strengthening its operations in Madagascar and Mali. These markets, says WeLight, represent a substantial share of Mission 300 – the World Bank and African Development Bank (AfDB) initiative to connect 300 million people in Africa to electricity by 2030.  
Currently, WeLight says it operates nearly 190 solar-powered mini-grids that provide electricity to more than 800,000 people in rural communities. WeLight said the new funding will help it scale its pan-African platform through which it targets to deploy over 1,000 mini-grids and provide electricity access to nearly 10 million people by 2030. 
Off-grid solar company d.light has announced that its PAYGo receivables securitization platform has reached $1 billion in cumulative purchasing capacity following the issuance of a $50 million Green Bond by African Frontier Capital. Listed on the London Stock Exchange’s International Securities Market and backed by a guarantee from the Green Guarantee Company, the bond is the first public bond for Africa’s off-grid solar sector based on PAYGo receivables. The financing is expected to expand access to clean energy for around 4.3 million people across sub-Saharan Africa, said d.light. The company says its securitization platform is projected to support more than 20 million new first-time energy connections across its markets by 2030, and create over 50,000 jobs by 2030. This will contribute to the World Bank’s Mission 300 initiative.  
The Multilateral Investment Guarantee Agency (MIGA) has issued a €13.05 million guarantee to support the construction of a 120 MW DC/100 MW AC grid-connected solar PV project in Mezzouna, Sidi Bouzid, Tunisia. The guarantee covers AEOLUS SAS’s investment in Scatec Khobna PV Power SARL, which will build, own, and operate the Sidi Bouzid II project. AEOLUS SAS is a joint venture between Eurus Energy Holdings Corporation of Japan and CFAO SAS of France, both of which are owned by Japan’s Toyota Tsusho Corporation. The plant will also include 12 km of high-voltage transmission lines and supply electricity to state utility STEG under a 25-year PPA. Developed with Scatec and financed by the EBRD and EIB, the project supports Tunisia’s target of increasing the share of renewables in its electricity mix to 35% by 2030. It follows MIGA’s €18.45 million guarantee for the Sidi Bouzid I and Tozeur solar projects in 2024. Scatec announced it had reached financial close for the project in June 2026. 
Facility for Energy Inclusion (FEI), managed by Cygnum Capital, and Norfund have closed a $90 million long-term debt facility for Communication and Renewable Energy Infrastructure (CREI) to support the rollout of renewable energy assets across Africa. CREI is a telecom energy service company and asset manager. The financing refinances a $55 million bridge facility provided in 2024 and adds $35 million in new capital to expand CREI’s energy-as-a-service model for mobile network operators. The investment will support projects in Mali, South Sudan, the Central African Republic, and other African markets.   
TaiyangNews 2024

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