The East African nation of Comoros has inaugurated three solar PV plants totaling around 20 MW, financed by the UAE’s Abu Dhabi Fund for Development (ADFD). Implemented by Abu Dhabi Future Energy Company (Masdar), the projects are managed by Global South Utilities (GSU). The AED 84.4 million project comprises 12.86 MW on Grande Comore, 4.05 MW on Anjouan, and 3.1 MW on Mohéli. It also includes a 16 MWh battery energy storage system (BESS) with 8 MW of power capacity across Grande Comore and Anjouan, along with around 30 km of medium-voltage transmission lines. The facilities are expected to generate about 33.75 GWh annually, enough to meet the electricity needs of around 17,500 households, according to Masdar.
Tunisia’s Ministry of Industry, Mines and Energy has announced the results of the sixth round of its authorization regime for solar PV projects. It has selected 309 applications totaling 455 MW of capacity, according to the ministry statement reported by local media. The selection includes 187 projects of 1 MW capacity each, 119 projects of 2 MW each, and three projects of 10 MW each. The projects were selected from applications received through June 30, 2026. Selected projects will sell their entire output to the Tunisian Electricity and Gas Company (STEG).
US-based Odyssey Energy Solutions has raised $74 million in new financing to expand its platform across emerging markets in Africa, Asia, and Latin America. The funding comprises $27 million in equity and $47 million in debt. The company said the capital will support the expansion of its procurement platform and financing solutions for solar and distributed energy projects. Odyssey says its platform currently connects more than 6,000 solar installers and EPC companies across over 50 countries and facilitates access to $3.6 billion in capital.
Equity investors for the latest financing round include Broadscale Group, FMO, and Al Mada Ventures, with continued participation from existing investors including Union Square Ventures, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ, and Transition Ventures. Debt financiers include British International Investment, BIO, the Facility for Energy Inclusion represented by Cygnum Capital, and the Energy Entrepreneurs Growth Fund represented by TripleJump.
Nomba, a Nigerian fintech providing payment and business solutions, has partnered with Synafare, a renewable energy company, to provide NGN 2 billion in solar financing. According to TechCabal, this will help about 300 small and medium enterprises (SMEs) acquire solar panels, inverters, and batteries. They explain that the initiative aims to help businesses adopt solar power and reduce reliance on diesel generators amid high energy costs. Synafare will identify, vet, and pre-qualify SMEs, then Nomba will independently assess them and disburse the loan directly to the merchant.
Yellow Door Energy, an independent power producer (IPP) focused on the Middle East and Africa markets, and Nedbank Corporate and Investment Banking (Nedbank CIB) have reached financial close on a 49 MW solar project. The Lion Thorn Solar Park is located in Leeudoringstad, South Africa. With Nedbank CIB on board as the financier, the project is now moving toward construction. The solar park has secured long-term power purchase agreements (PPAs) with PPC and POWERX and is expected to generate about 115 GWh of electricity in its first year. Construction is scheduled to begin in September 2026, with commissioning expected in 2028.
Namibia’s Dâures Green Fertiliser project has secured $3.6 million from SDG Namibia One, according to local media reports. The project plans to combine 60 MW of solar capacity, 10 MW of wind power, and 65 MWh of energy storage to supply a 40 MW electrolyzer. The SDG Namibia will provide the funding, supported by the European Union (EU) through its Global Gateway initiative and Invest International, to Enersense Energy Namibia. The facility is expected to produce up to 20,000 tons of green ammonia and 80,000 tons of ammonium sulfate annually, targeting the local fertilizer market.
Nigeria’s Rural Electrification Agency (REA) recently launched the Renewable Asset Management Company (RAMCO). It will professionally manage publicly financed renewable-energy assets, including mini-grids and solar infrastructure. It will focus on maintenance, performance, metering, billing, and revenue collection. REA said the initiative is intended to preserve asset value, improve sustainability and help attract private investment into Nigeria’s power sector. RAMCO has been established in collaboration with the Ministry of Finance Incorporated (MOFI) and Infrastructure Corporation of Nigeria (InfraCorp).
