Sub-Saharan Africa News

Renewables Now covered M&A stories about Eiffel, H1, Frontier Power, Mubadala, Chrysalis Renewables and others in the past week. Below is the full list:

African renewables developer Infinity Power signed two conditional engineering, procurement and construction (EPC) deals for solar projects in South Africa, awarded as part of the seventh window of the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

South Korea's KS Eco Solutions Holdings Ltd will invest in a 500-MW solar project in Zambia underpinned by a power purchase agreement (PPA) with national power utility ZESCO Ltd.

The Facility for Energy Inclusion (FEI) and Norwegian development finance institution Norfund have closed a USD-90-million (EUR 78.6m) long-term debt facility for Communication & Renewable Energy Infrastructure (CREI) to support the rollout of renewable energy assets for telecom infrastructure across Africa.

Africa-focused hydropower and electricity distribution company Anzana Electric Group (AEGL) has agreed on indicative terms for a proposed USD-20-million (EUR 17.5m) structured capital investment from Convergence Partners Energy Finance (CPEF) to support acquisitions and project development across its African platform.

Denmark-based institutional fund manager AP Moller Capital has clinched a deal to acquire the South African unit of renewable energy company Mainstream Renewable Power and support its further growth.