AMEA Power expands into South Africa with GreenCo

AMEA Power is committed to South Africa's energy transition by signing an agreement to build an 85 MW solar photovoltaic power plant, financed by Standard Bank. The initiative is part of the country's plans to increase its share of renewable energy and reduce its carbon emissions.

Partagez:

Renewable energy company AMEA Power announced that it has signed a 25-year power purchase agreement with GreenCo Power Services (Pty) Limited for power generation from its 85 MW solar photovoltaic plant. The construction of the project will be financed by Standard Bank of South Africa.

Produce 220 GWh each year

South Africa’s Minister of Industry, Ebrahim Patel, and the UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, attended the signing of the agreement. Located in the North West Province of South Africa, the solar power plant is expected to be operational in 2025 and produce approximately 220 GWh of clean energy annually.

AMEA Power, in collaboration with GreenCo and Standard Bank, wants to develop a rapid energy transition model to boost renewable energy production in South Africa. To support its growth in the country, AMEA Power has opened a new office in Johannesburg that will focus on business development and project execution throughout the country.

South Africa seeks to diversify its energy mix

The company has also secured sites for over 1 GW of renewable energy projects in South Africa. South Africa’s long-term strategy is to increase the share of renewable energy in its energy mix from 11% to 41% by 2030 and to deactivate between 8 and 12 GW of coal-fired power plants over the next decade.

AMEA Power is committed to the global energy transition with a clean energy project pipeline of more than 6 GW in 16 countries, including wind, solar, energy storage and green hydrogen.

  • Populaires ​
Longi and Pertamina launch 1.6 GW solar plant in Indonesia
France and Norway formalize an agreement on cross-border CO₂ transport
Chinese independent refiners poised to increase fuel oil imports
Jinko ESS and Metlen sign 3GWh battery storage deal for Chile, Europe
Invenergy and Meta expand US portfolio with an additional 791 MW
Ascent Solar Technologies secures $2mn public funding to strengthen cash position
Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian acquires 117 solar power plants in Italy to strengthen its energy platform
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Zelestra secures $282mn financing for hybrid solar and storage project in Chile
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the Tarapacá region, Chile.
Egypt launches $200mn industrial solar complex at Ain Sokhna
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
France: Générale du Solaire inaugurates 20 MWc floating solar plant in Alsace
Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.
Plenitude and Modine launch 1.585 MWp solar power plant in Italy
Plenitude and Modine have signed an agreement to build a photovoltaic plant with an installed capacity of 1.585 MWp in Pocenia, designed to power thermal and refrigeration equipment at Modine’s Italian industrial site, without initial investment.
NamPower launches $90.3mn solar power plant to secure Namibian energy
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
Bangladesh Mandates Solar Panels on Public Buildings to Secure Energy Supply
Bangladesh’s interim government has ordered mandatory deployment of solar systems on public building rooftops to reduce reliance on costly fossil fuel imports amid a fragile economic backdrop.
Global electricity access reaches 92%, 666 million people still excluded
The Energy Progress Report 2025 shows an improvement in global electricity access to 92%, but highlights that 666 million people remain without electricity, particularly due to insufficient international funding for rural areas.
Global solar panel recycling market to reach $548mn by 2030
Estimated at $384.4mn in 2025, the global photovoltaic panel recycling market is expected to grow annually by 7.4%, reaching $548mn in 2030, driven by the rapidly increasing number of installations reaching end-of-life.
Global photovoltaic market heading towards $968.32bn by 2030
Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.
Sasol and Akuo sign major solar energy supply agreement
Sasol International Chemicals concludes a virtual contract with Akuo to supply half of the electrical needs for its Lake Charles industrial complex in the United States, via a solar plant scheduled for 2026.
Eurowind Energy invests €174.8mn in major solar park in Romania
Eurowind Energy initiates a €174.8mn investment to build a 220 MW solar park in Vișina, Romania, capable of supplying around 150,000 households annually.
CleanCapital acquires 27 MW solar assets and strengthens US presence
CleanCapital expands its portfolio by acquiring solar and energy storage assets totaling 27 MW in California and Massachusetts from Pacifico Energy to meet growing demand in the United States.
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
BrightNight and Cordelio Power commission a major 300 megawatt solar project in Arizona, attracting significant investments from JPMorgan and Capital One, with estimated local economic benefits of $180mn.
Austria introduces a 20% bonus for European photovoltaic equipment
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.
OMV Petrom invests in major 400 MW solar project in Bulgaria
OMV Petrom acquires 50% of the 400 MW Gabare photovoltaic project near Sofia, in partnership with Enery, in a deal valued at approximately €200 million including a potential energy storage solution.
Global SCADA market to reach $3.56bn by 2030
Driven by strong solar adoption, the global SCADA systems market for renewable energy is expected to reach $3.56bn by 2030, with an estimated average annual growth rate of 12.7%, according to MarketsandMarkets.
France: RATP inaugurates its first solar power plant with Urbasolar
RATP and Urbasolar officially inaugurated the Colombier photovoltaic power plant, the first large-scale solar installation operated by the Parisian public transport operator, set to produce 14 GWh of electricity per year.
European Energy secures €70m to fund two major solar projects in Australia
Danish developer European Energy finalises financing deal exceeding €70m for constructing two Australian solar plants, totalling 137 megawatts of installed capacity on the local electricity market.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS