Could green bonds unlock Africa’s renewables potential?

Copperbelt Energy Corporation (CEC), a Zambia-based power infrastructure solutions provider, plans to invest $500 million by 2026 in solar power and expansion of its DRC transmission line capacity from 250 MW to 550 MW. CEC commissioned a 60 MW solar plant in 2024 and is expanding it to 200 MW by 2025, aiming to meet rising industrial demand.

  • The drought that severely affected hydropower generation in Zambia has been a great lesson for the country. It is now moving quickly to strike deals in generation and cross-border electricity trades to guarantee a steady supply for its population.

  • The country is key to the World Bank's mission to provide electricity to 300 million people by 2030. In January, it received a $292 million grant from the Bank for its Tanzania power interconnector.

  • Our take: Energy companies such as CEC rightly explore new funding mechanisms including green bonds to tap eco-investors… Read more (2 min)

The northwest African nation is building its first large-scale battery storage system with a $83 million grant from the World Bank. The project, christened DREAM, furthermore includes an expansion of the country’s green-hydrogen development plans, aims to reform the mining sector and aligns with Mauritania’s goal for universal electrification by 2030.

  • Mauritania's economy is dependent on the mining sector, which accounts for 45% of GDP. Mining operations require a constant and reliable source of power to function effectively. Battery storage facilities will help ensure a consistent power supply.

  • The DREAM project also features one of Africa’s first hydrogen-specific regulations that provide tax incentives for electrolyser deployment while mandating 20% local content in hydrogen projects. The framework can serve as a blueprint for other African countries seeking to develop their green hydrogen potential.

  • Our take: Mauritania's vast renewable potential clashes with stark infrastructural realities… Read more (2 min)

Once a globally recognised success, South Africa's Renewable Energy Independent Power Producer Procurement Programme (REI4P) is now struggling. In an opinion article, Dr Wikus Kruger, Director of the Power Futures Lab at the University of Cape Town’s Graduate School of Business, outlines the key reforms needed to address current problems.

  • Dr Kruger argues that the initial bid windows were highly effective, driving down costs for solar and wind energy. However, subsequent delays and uncertainties have hampered progress. Recent bid windows have been particularly affected by transmission bottlenecks, preventing the awarding of wind projects and stranding solar projects.

  • Dr Kruger’s research expertise spans more than two decades. He has written or contributed to over 19 scholarly publications.

  • For his full opinion … Read more (2 min)

Solar engineer inspects a recently completed energy storage system plant in Nasarrawa State, Nigeria

 

Events

🗓️ Register for the Microgrid Knowledge Conference (Apr 15)

🗓️ Learn Technology-Driven Solutions for Water-Energy-Food Security (Apr 16)

🗓️ Attend the International Exhibition on Renewable Energies and the Environment (SIERA) (Apr 24)

Jobs

🧑🏻‍💻 Become Sunculture’s Business Intelligence Analyst (Nairobi)

🛠️ Lead project development at Yellow Door Energy (South Africa)

👷🏻‍♀️ Join Baker Hughes as a Services Engineer (Egypt)

Various 

🔌 Congo targets 1,500 MW power capacity by 2030

🔋 Solar energy modules to power green hydrogen hub in Nigeria

🌊 Ethiopia earns $1 billion from bitcoin mining using hydro power

Seen on LinkedIn 

Omono Okonkwo, energy journalist and analyst, says, “Currency volatility complicates sustainable financial modeling.”