Morocco-UK subsea power link project nears construction

• The project envisions the construction of 11.5 GW of solar and wind power and 22.5 GWh of battery storage in Morocco. This will be complemented by a 3.6 GW high-voltage direct current (HVDC) subsea cable to transmit the generated electricity to the United Kingdom.

• Once complete, the project will provide 8% of the UK's current electricity needs (3.6 GW), enough to power 7 million homes.

• Our take: Morocco's abundant renewable energy potential offers an opportunity to explore the export market… Read more (2 min)

MIGA backs Kenyan renewables with $49.5m guarantee

• The guarantees will cover breach-of-contract risks by the Kenyan government for up to 20 years for the Menengai geothermal project and 17 years for the Malindi Solar initiative.

• Electricity from the 35-megawatt geothermal power plant (currently under construction) will be sold to the state-owned utility, Kenya Power, under a 25-year Power Purchase Agreement (PPA). The 40-megawatt Malindi Solar project, operational since December 2021, also supplies power to KPLC under a 20-year PPA.

• Our take: Financing renewable energy projects in Africa remains fraught with risks for private investors… Read more (2 min)

African electricity price hike fuels renewables opportunity

• Eswatini, a country in southern Africa, sources a large portion of its power from Eskom and the Southern African Power Pool (SAPP). With the increase in tariffs in South Africa, Eswatini is also seeking to increase its tariffs by 25.51% for the 2025/26 financial year and 27.06% for 2026/27.

• Many African utility companies are experiencing losses and are reviewing their tariffs with a view to increasing them to ensure profitability. This has a ripple effect considering some countries rely on supply from other countries. Any price change is transferred.

• Our take: Grid electricity prices will continue to increase as fuel prices increase…Read more (2 min)

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