SAR 28.5 million for 30 MW: Saudi Arabia-based commercial and industrial (C&I) solar installer and O&M service provider HAALA Energy has completed its Series A funding round with SAR 28.5 million ($7.6 million) raised. This includes SAR 18.5 million ($5 million) in equity and SAR 10 million ($2.67 million) in debt, led by the Fakeeh family office that owns a majority stake in healthcare group Fakeeh Care. It will enable the company to advance its growing pipeline of projects for tier I and repeat clients as it targets to complete 30 MW capacity over the next 3 years. HAALA was founded at the King Abdullah University of Science and Technology (KAUST) Innovation Cluster in 2017. It is in discussions to raise further capital in an external vehicle to expand on this target, the management added.
AMEA Power in Ivory Coast: UAE-based renewable energy company AMEA Power has started constructing a 50 MW solar PV project in Côte d'Ivoire (Ivory Coast). This Bondoukou Solar PV Plant, located in Bondoukou in the north-eastern region of Gontougo, will generate 85 GWh of clean energy annually. Financed by FMO and DEG, this $60 million project will be AMEA Power’s 1st operational asset in the country on completion. The renewable energy developer is also developing another 50 MW solar project in the African nation.
New partnership for clean energy: France’s TotalEnergies has signed a Framework for Action (FFA) agreement with Abu Dhabi’s Masdar and UAE’s EPointZero to drive access to clean energy in emerging markets and developing economies in Africa and Asia. While TotalEnergies will collaborate with Masdar to provide reliable and sustainable electricity to local African communities and seek clean energy opportunities in Southeast Asia, it will explore partnership opportunities with EPointZero in India through solar, wind and energy storage.
JA Solar modules in Ghana: Chinese solar PV manufacturer JA Solar has supplied its high-efficiency solar modules for a 507 kW rooftop-canopy solar power plant at Ghana’s National Information Technology Agency (NITA) Park in Accra. It was developed in collaboration with RIFE Energy Ghana and TINO Solution. The solar system is designed to generate 696,000 kWh/year to help NITA reduce its carbon emissions.
