Egypt eyes fourfold renewables growth by 2035

• The government has also opened up the electricity market to private-to-private power supply. Last month, it approved the first 400 MW batch of projects specifically aimed at supplying industrial clients.

• Renewables Rising has tracked projects under development totalling at least 4,800 MW in wind and solar power and 2,300 MWh in battery energy storage. Some of these projects have secured financing and are now moving into the construction phase.

• Our take: Egypt could attain its renewable goals, but it needs to guarantee investors stable policies… Read more (2 min)

JA Solar rolls out first panels manufactured in SA

• South Africa's renewables market is set to grow rapidly, with manufacturing companies embracing renewables to retain market share. About 3,000 to 5,000 MW of renewables are projected to be installed annually until 2030.

• Growth in African renewables markets has persuaded an increasing number of companies to establish local manufacturing operations. Ethiopia and Morocco are among the countries where Chinese investors have already set up plants.

• Our take: African countries need to adopt a regionalised solar PV manufacturing strategy to leverage each other's strengths and achieve economies of scale…Read more (2 min)

Cost of financing solar doubles in SA

• Our data reflects the financing cost charged by companies providing loans, which includes but is not limited to banks operating in these markets.

• South Africa continues an upward trend in the cost of financing that started in April. At the same time, the average loan amount also dramatically increased from ZAR 169,325 to ZAR 243,530 in June.

• Our take: Policy changes requiring mandatory solar system registration by March 2026 may push up prices… Read more (2 min)