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- African renewables see successful private equity exits
African renewables see successful private equity exits
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African Infrastructure Investment Managers (AIIM), a private equity fund, has successfully exited three renewables projects in South Africa, totalling over $41 million. AIIM had been an investor in these projects for more than 12 years, strengthening the case that for-profit investors can find long-term viability and profitability in renewables ventures. |
AIIM sold its 21% stake in the 138 MW Jeffreys Bay Wind Farm, to existing shareholders Enzani and Usizo. It also sold its 10% stake in both the 73 MW Kalkbult and 38 MW Linde Solar PV projects to Gaia Renewables 1.
African renewables have proven profitability, with several other private equity funds such as Actis making successful exits. This is now pulling in new money, with at least $1 billion committed so far this year.
Our take: Renewables investments can withstand long-term risks to deliver returns… Read more (2 min)
The Renewables Rising price index climbed by 1.2% in July, its highest jump since April. This is due to increases in fossil fuel prices, which continue to make renewables attractive. The monthly index reflects the combined average price changes for cash product prices and power costs in four major African economies: Kenya, Nigeria, Egypt, and South Africa. |
We track product prices by monitoring the cost of solar panels, inverters, lithium-ion batteries and solar home systems across the four countries. A rise in our index indicates increasing renewable energy attractiveness.
Nigeria had the highest increase in fuel prices, with diesel increasing by 9.5% and petrol by 3.4%. This occurred despite the new Dangote Refinery starting direct distribution of its fuel across the country.
Our take: Renewables price stability amidst fuel supply disruptions will accelerate adoption… Read more (2 min)
In the past week, at least 165 new jobs have been posted in the renewable energy sector across Africa. We have noticed that international firms, led by Engie and Scatec, have continued to scale recruitment on the continent over the past few weeks. Both Engie and Scatec are active in off-grid and grid-tied projects in multiple countries on the continent. |
South Africa continues its dominance in hiring energy experts, with 119 new positions posted, about two-thirds of the job board. East Africa, led by Kenya, follows with Nigeria in West Africa, steadily gaining hiring momentum.
As the continent embraces energy storage, our job boards have continued to feature more and more roles of this nature. Ads for O&M managers at utility-scale projects and SCADA engineers are numerous too.


Aspin Energy signs a 20 MW Solar PV Power Purchase Agreement with the Zambia Electricity Supply Corporation
Events
🗓️ Attend a conference on Application of Nanofluids in Renewables (Aug 16)
🗓️ Register for a conference on advancements in engineering & tech (Aug 22)
🗓️ Participate in the Energy Forum for Africa event (Sep 10)
Various
💰 PREO allocates $5 million to 22 renewables initiatives in Sub-Saharan Africa
⚡ POWERX teams up with Yellow Door Energy for 24.5 MWp solar project in SA
💡 Egypt grants golden licenses to three projects in textiles, food, & renewables
Seen on LinkedIn
Doanh Chau, President at MED21, says, “You call it a “win-win partnership.” But let’s be honest: when the foreign investor sets the terms, owns the infrastructure, and takes home the profits—what exactly did you really win?”