How energy assets can unlock new financing

November 16, 2025

Dear subscriber,

Renewables funding is always in the spotlight. It exists, but accessing it isn’t always easy. For well-established players, it can be straightforward, but for new entrants, it’s a tough nut to crack. They still have to survive, so how are they managing it?

– Sammy Jamar, Editor

Finance is the main challenge for new entrants, and firms are fortunate if they can secure dynamic options from banking partners. Looking long term, Joshua Kwiringira plans to set up an internal fund using energy assets as collateral, says the co-founder of TSG Energy, a solar firm in Uganda. This could pave the way for larger projects across Africa.

  • Mr Kwiringira said: “We plan to supply energy for agriculture and food processing, including irrigation, cold storage and factories. Between 2027 and 2030, we will also expand into transport, offering ‘Energy as a Service’ for charging and Batteries-on-Wheels solutions for vehicles.”

  • TSG Energy is a general renewables company focusing on solar PV and battery energy storage for residential, commercial and institutional clients, with prospects in utility-scale projects in East, Central and West Africa.

  • Read the full conversation here… Read time (4 min)

The World Bank has approved a $430 million program to modernise Tunisia’s energy sector through the Tunisia Energy Reliability, Efficiency and Governance Improvement Program (TEREG). The five-year initiative seeks to attract $2.8 billion in private investment and add 2.8 GW of new solar and wind capacity by 2028 and also reduce electricity costs by about 23%.

  • DFIs and multilateral lenders have played a key role in driving private sector investment in Africa by reducing risk through concessional loans and grants. And continue to do so with new initiatives like Mission 300.

  • Tunisia and other oil-producing countries like Egypt and Nigeria are increasingly focusing on renewables, setting clear generation targets as volatile oil markets strain their revenues and threaten energy security.

  • Our take: Oil revenue is under threat from the energy transition, and oil-rich countries should use current demand to fund renewables growth… Read more (2 min)

The next two months in African renewables will feature over 27 events. It seems the industry wants to close the year by focusing on grid upgrades and utility project integration, with the majority of events in this area. Notably, Ghana and Kenya will host the majority of the events, with the Power and Transmission Baraza kicking off in Kenya.

  • Other key themes include bioenergy, environmental, social, and governance (ESG), climate finance and sustainable investing, as well as artificial intelligence, digital solutions, and energy systems.

  • With the renewable sector maturing, upcoming events are likely to explore new technologies and the latest financing trends, including securitisation, wheeling, and tokenisation, reflecting the market’s growing sophistication.

  • Access the full list of events here…(2 min)

REA and UNDP officials commission Nigeria’s Namu Mini-grid (Source: Rural Electrification Agency of Nigeria)

Jobs

🦺 Join CrossBoundary as a Senior Engineering Manager (South Africa)

👷🏻‍♀️ Become Sun King’s Marketing Manager (Uganda)

👷🏻‍♂️ Lead UpEnergy’s regional distribution activities (Ghana)

Various

🟢 Djibouti launches national forum to fast-track solar transition

💰 SAPVIA welcomes R2bn credit-guarantee fund for grid expansion

🌀 Ethiopia finishes phase one of wind project, gears up for next stage

🌊 Nigeria seals 8MW hydropower agreement to enhance national supply

Seen on LinkedIn 

Benjamin de Jonge, Business Development Specialist at JobnetAfrica, says, “Capital isn’t scarce, it’s scared. There is funding available for renewable energy projects across Africa, but much of it isn’t being used.”