Energy

Globeleq has reached commercial and financial close on its 153 MW/612 MWh Red Sands battery energy storage system (BESS) in South Africa’s Northern Cape, in what is being described as Africa’s biggest standalone battery project to reach commercial close. The renewables developer, owned by the development finance institutions of the …

Kampala, Uganda – The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged …

Africa’s energy landscape is undergoing a fundamental transformation. In 2025, Standard Bank’s financing for renewable energy power generation outpaced that for non-renewable power generation by a ratio of 8:1, signalling a shift towards cleaner and more sustainable energy systems across the continent. With nearly 600 million people across Africa still …

The African Development Bank Group launched a Mission 300 Progress Tracker, at the African Development Bank Group’s 2026 Annual Meetings in Brazzaville, Congo. According to the financial institution, the public digital platform provides real-time data on electricity access across Africa, it offers project-level visibility into Mission 300 supported operations, enabling …

Rwanda’s electricity system is approaching a ceiling. The combined output of the country’s existing sources, such as hydropower, methane gas, solar, peat and diesel, amounts to roughly 1,000 megawatts. Against government projections of electricity demand reaching between 2.5 and 4.5 gigawatts by 2050, that ceiling is not a distant constraint …

Patrice Motsepe has significantly expanded his footprint in South Africa’s renewable energy sector after African Rainbow Energy (ARE) acquired a controlling stake in SOLA Group, creating one of the country’s largest independently owned energy businesses. The transaction increases ARE’s shareholding in SOLA Group from 41% to 83%, giving it majority …