Masdar will stump up $2bn of equity, with another $8bn in project financing and through its Infinity Power venture. The Abu Dhabi-based company intends to reach 10 GW of clean energy in Africa by 2030.
The Sovereign Fund of Egypt (TSFE) has signed up to explore options for a new 1.1 GW wind project, with ACWA Power, and a green hydrogen plan with AMEA Power.
Masdar has signed up to develop green hydrogen in the Suez Canal economic zone. This follows a number of similar agreements from United Arab Emirates-based companies with Egypt.
Morocco’s Masen agency and Ministry of Energy Transition and Sustainable Development have handed out a number of sites to companies to build solar photovoltaic (PV) plants.
AMEA Power is officially opening a 50 MW solar photovoltaic plant in Togo, the country’s first utility scale renewable energy project backed by an independent power producer (IPP).
