AMEA Power builds 50 MW solar plant in Ivory Coast

• Ivory Coast has set a target of generating 42% of its electricity from renewable sources by 2030. This goal is driving investment and development in the renewable energy sector.

• Last month, it also broke ground for the construction of a 52.4 MW solar plant–its largest to date–with completion expected by the end of 2025.

• Our take: Renewables like solar, despite being less costly than other technologies, require battery storage systems to ensure grid stability… Read more (2 min)

Uganda seeks new investors for its 840 MW hydro project

• The Ayago project is critical to Uganda’s energy strategy, with potential to boost electricity capacity by nearly 30% and drive economic growth. Delays threaten its role in Uganda's renewable energy transition.

• Reliance on Bridging Foundation highlights risks of depending on single investors for large-scale projects, emphasising the need for diversified funding and robust oversight.

• Our take: This Ayago fiasco exposes the vulnerability of relying on opaque investors... Read more (2 min)

African renewables attracted $5 billion in February

• Despite having only two wind power projects (Namibia and Egypt), wind power accounted for the bigger share of the funding. Egypt, in particular, because of its 2 GW wind farm project.

• Solar accounted for the majority of the projects and companies being funded but still came second. It featured both large-scale and small-scale utility projects.

• Our take: Renewable energy in Africa is no longer solely driven by governments. The private sector is taking big strides, investing in large-scale projects like in Egypt… Read more (2 min)

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