africa

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CrossBoundary Access Secures $10 Million Equity Investment from IFC Bank

CrossBoundary Access, a company that finances and operates distributed renewable energy projects across Africa, has secured a $10 million equity investment. The funding...

June 29, 2026

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Dibin DB

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Finance and M&A

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Solar
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Renewable Energy Developer AXIAN Energy Secures $60 Million

AXIAN Energy, an Arica-based renewable energy developer and a subsidiary of the AXIAN Group, has signed a $60 million financing facility with Mauritius Commercial Bank...

June 18, 2026

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Dibin DB

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Finance and M&A

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Solar
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Tunisia Invites Bids for 300 MW Solar Plus 150 MW/540 MWh Battery Storage Project

Tunisia’s Ministry of Industry, Mines, and Energy has invited bids to develop a 300 MW solar power project with a 150 MW/540 MWh battery energy storage system. The...

March 9, 2026

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Rakesh Ranjan

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Energy Storage

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Tenders & Auctions
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AFSIA Tracks 296 GW Solar Projects in Africa, with 23.4 GW Operational as of 2025

Africa’s solar market has entered a new phase of scale and credibility, with the Africa Solar Industry Association (AFSIA) tracking more than 42,000 solar projects...

January 21, 2026

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Meghana Prasad

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Markets & Policy

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Solar
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Off-Grid Solar Company Sun King Secures $40 Million in Funding

Sun King, an off-grid solar energy company, has raised $40 million in equity financing from Lightrock, a global sustainable investment platform. The funding is expected...

December 16, 2025

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Staff

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Solar
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CrossBoundary Secures $200 Million for Renewable Energy Portfolio Expansion

CrossBoundary Energy, a renewable energy developer, secured $200 million of additional senior debt, closing a second tranche of a portfolio financing facility arranged...

November 25, 2025

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Staff

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Solar
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Nigeria Inks Tripartite Agreement To Build 1 GW Solar Module Plant

Netherlands-based Solarge BV has signed an agreement with the Infrastructure Corporation of Nigeria (InfraCorp) and the Rural Electrification Agency (REA) of Nigeria to...

September 23, 2025

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Melvin Mathew

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Manufacturing

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Modules

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Solar
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MENA Weekly Roundup: Egypt Signs $220 Million Deal for Solar Manufacturing

Egypt signed a land usufruct contract for a $220 million industrial complex to manufacture solar cells, panels, and energy storage systems in the Suez Canal Economic...

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CrossBoundary Energy Secures $40 Million from Impact Fund Denmark

CrossBoundary Energy, a developer, owner, and operator of distributed renewable energy, has secured a $40 million equity-like capital investment from Impact Fund Denmark....

August 20, 2025

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Staff

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Solar
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Why Gulf States are Powering Africa’s Clean Energy Future

In rural Angola, a new 150 MW solar project is bringing electricity to thousands of homes that, until recently, relied on costly diesel generators or had no access to...

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MENA Round-Up: Saudi Arabia Among Top 10 Energy Storage Markets

Saudi Arabia is now ranked among the world’s top ten energy storage markets, its growth driven by the launch of the 2,000 MWh Bisha Project, one of the largest in the...

February 25, 2025

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Mercom Staff

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Finance and M&A

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Other

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Renewable Energy
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Credit Fair Secures $5 Million from Symbiotics for Rooftop Solar Financing

Rooftop solar financing company Credit Fair has raised $5 million (₹415 million) from the $75 million (₹6.22 billion) ‘Green Basket Bond’ issued by Symbiotics...

February 19, 2025

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Staff

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Finance and M&A

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Solar
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WATT Renewable Corporation Receives 15 Million Debt Facility

WATT Renewable Corporation(WATT), a hybrid solar project developer, secured a $15 million debt facility through several of its project companies from the AFRIGREEN Debt...

December 16, 2024

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Staff

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Solar
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Germany to Invest $4 Billion in Africa’s Green Energy Projects

The government of Germany has pledged to invest €4 billion ($4.3 billion) in Africa’s green energy projects until 2030, encouraging African nations to generate green...

November 27, 2023

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Staff

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Other

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Renewable Energy
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ENGIE and Meridiam to Acquire BTE Renewables from Actis

Sustainable infrastructure investor Actis has agreed to sell the entirety of BTE Renewables (BTE) to France-based energy firm ENGIE and global investor and asset manager...

June 22, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind

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