📰 Insights that Power Your Energy Decisions

Africa’s renewable-energy sector recorded US$194.8 million in financing across eight deals in October 2025, marking a steady month driven largely by international development finance institutions. Unlike September’s spike—boosted by a single US$400 million transaction—October showcased more balanced activity, with funding spread across Egypt, Tunisia, Ghana, South Africa, Rwanda and Uganda. Major commitments included senior debt for Egypt’s Ras Ghareb wind farm, EU-backed grants for Tunisia’s solar pipeline, and Norfund’s investment in Ghana’s green-steel transition. The month highlights rising momentum in hybrid solar-storage systems, industrial decarbonisation and geographically diversified capital flows.

CrossBoundary Energy has secured an additional US$200m in senior debt, closing the second tranche of its award-winning portfolio financing facility arranged by Standard Bank. The new commitments—mobilising Absa, MCB, FEI, DEG and FMO—will accelerate the rollout of CBE’s renewable energy projects across Africa, including the landmark Kamoa-Kakula solar-plus-storage baseload plant in the DRC. The transaction strengthens CBE’s ability to deliver clean, reliable energy to mining, industrial and telecom clients.

Norfund has committed $75 million to Mulilo Energy Holdings, strengthening the South African renewable developer’s ability to accelerate more than 30 GW of planned wind, solar and battery storage projects. The investment adds growth capital and a government-backed partner to Mulilo’s platform, which already includes Copenhagen Infrastructure Partners as a major shareholder.

The African Development Bank will provide USD 14.54 million in financing for Zambia’s 20 MW Garneton North solar project, part of the country’s GETFiT program to scale decentralized renewables.