Sonnedix sells S. Africa solar biz to BTE Renewables

Global independent power producer (IPP) Sonnedix Power Holdings Ltd. has sold its South African solar business to pan-African peer BTE Renewables, leaving behind a 75-MW solar farm and exiting the market. Both the buyer and the seller announced the transaction, without disclosing the price. BTE took over Sonnedix Solar South Africa, which owns 60% interest […]Read More

Africa needs $40 billion investment annually for electricity – AfDB

The African Development Bank (AfDB) has said that Africa will require an estimated annual investment of $32 – to $40 billion in the energy value chain to achieve universal access for electricity by the year 2030. This was unveiled in the AfDB’s African Economic Outlook 2022, during the Bank’s Annual Meetings on 9th June 2022 in Accra, […]Read More