Solar & storage PPA in Egypt: Norway’s Scatec has signed a 25-year USD-denominated corporate power purchase agreement (CPPA) with Egypt Aluminium, the largest aluminum producer and industrial electricity consumer in Egypt. The CPPA is for a 1.1 GW solar PV project with a 100 MW/200 MWh battery energy storage system (BESS), backed by a sovereign guarantee. Egypt Aluminium exports close to 60% of its production to Europe. This agreement is aimed at decarbonizing the company’s aluminum production and meeting the European Union’s Carbon Border Adjustment Mechanism (CBAM) requirements to be introduced in 2026.

60 MW project in Botswana: Scatec has commissioned 60 MW of solar PV capacity in Botswana. This is the initial 60 MW of the 120 MW Mmadinare Solar Cluster it is building in the African nation. This is also the company’s maiden project in the country. On completion in the beginning of 2026, it will generate predictable revenues from a 25-year power purchase agreement (PPA) with Botswana Power Corporation.

EPC contract for Azerbaijan projects: The China Energy Engineering Group (CEEC) has signed the EPC contract for 2 solar projects in Azerbaijan with Masdar. This includes the ‘largest’ solar PV project under construction in the country, the 580 MW DC/445 MW AC Bilasuvar project, and the 410 MW DC/315 MW AC Banka solar project. Masdar and SOCAR Green had earlier announced the financial close on the 445 MW Bilasuvar and the 315 MW Neftchala solar projects in Azerbaijan (see Financial Close Achieved For 760 MW Azerbaijan Solar Projects).

€100 million for ECOWAS: The 12-country strong Economic Community of West African States (ECOWAS) region has secured a $100 million financial partnership to support climate action and environmental sustainability projects. The European Investment Bank (EIB) has approved this amount in a credit line as part of a €150 million envelope, for the ECOWAS Bank for Investment and Development (EBID). The latter will support renewable energy projects including small- and medium-sized solar PV projects and those for sustainable agriculture and water treatment.

10 RESCOs in Nigeria: The Rural Electrification Agency (REA) of Nigeria has signed memorandums of agreement (MoU) with 10 renewable energy service companies (RESCO) for the generation of 948 MW renewable energy. This capacity will be supported under the Distributed Access through Renewable Energy Scale-up (DARES) program. Among the signatories include Oando Clean Energy, which has plans to establish a 1.2 GW solar module assembly plant in the country (see Nigeria To Host 1.2 GW Solar PV Module Assembly Plant).