Renewable Energy Partnership in Palestine: Massader, the energy investment arm of the Palestine Investment Fund (PIF), the Arab Palestinian Investment Company, and Bank of Palestine Group have formed Taqa, a new company, to advance renewable energy in Palestine. Taqa will finance and develop medium- and large-scale clean energy plants to boost domestic generation, cut electricity imports, and reduce costs. The partnership marks a strategic alignment of the 3 leading institutions to strengthen energy infrastructure, support economic sectors, and promote sustainability, aiming to make Palestine’s energy supply more affordable, reliable, and independent. By strengthening energy infrastructure, Taqa will support industry, agriculture, and trade while making energy more affordable and sustainable, stated the trio in a joint statement to announce Taqa’s launch.
Mauritania launches hybrid power project: Mauritania has signed 2 public-private partnership (PPP) concession contracts with IWA Green Energy to build and operate a $300 million solar-wind hybrid power plant near Nouakchott. The project will feature 160 MW of solar, 60 MW of wind, and a 370 MWh battery storage system – the country’s 1st hybrid project. Construction of the solar section is scheduled for completion within 12 months, and actual production starts in September 2026. The entire hybrid project will be designed to provide 60 MWh to 100 MWh of electricity per day over 15 years to the state-owned electricity company, SOMELEC, at reduced cost.
Norfund funds MOPO: UK-based battery rental company MOPO has secured a £5 million ($6.75 million) investment from Norfund to scale its solar-powered battery services across Sub-Saharan Africa (SSA). Already backed by Octopus Energy and British International Investment (BII), MOPO operates pay-per-use battery rentals through local solar charging hubs operated by local agents in 6 countries, namely Nigeria, the Democratic Republic of the Congo, Sierra Leone, Liberia, Chad, and Uganda. The company says its products replace costly, polluting generators with clean, affordable power for households and businesses. With more than 28 million rentals and rapid growth, the company is positioning itself as a disruptive alternative in Africa’s $75 billion off-grid energy market. It collaborates closely with the University of Sheffield to enhance battery performance, reduce costs, and improve the efficiency of its products.
Odyssey-BII boost electrification of Nigeria: Distributed energy generation company Odyssey Energy Solutions and the British International Investment (BII) have launched a $7.5 million facility to speed up solar mini-grid deployment across Nigeria. The finance will be deployed to support Nigeria’s World Bank-backed DARES program. Leveraging Odyssey’s procurement and credit platform, the initiative helps developers access high-quality solar and energy storage equipment with minimal upfront costs, easing financing bottlenecks and accelerating electrification for up to 17.5 million Nigerians. The partnership aims to cut procurement delays, improve working capital, and increase access to clean energy nationwide.
