Capital keeps clearing for renewables — from Iberia to the Cape to the Nile.
3 Three deals this week span refinancing, capacity auctions and DFI-backed project finance. Each confirms investor appetite for de-risked renewable assets across our core corridors.
What we’re tracking today:
Elawan Energy closed €760 million in refinancing for “Project Himalaya,” its 1.3 GW Spanish portfolio — 989 MW solar, 285 MW BESS, 74 MW wind across Castile and León, Castilla-La Mancha and Aragón. Roughly 1 GW already operational, a 300 MW greenfield tranche behind it, all wrapped into one non-recourse facility. Scaled, technology-blended portfolios still price well in Iberia.
South Africa cleared 890 MW of solar under REIPPPP Bid Window 7.3, split across three Red Rocket projects and one ENGIE project in Mpumalanga and Free State. The flagship procurement programme keeps delivering contracted capacity investors can underwrite.
Egypt’s Emerging Africa & Asia Infrastructure Fund committed a USD 30 million loan to Hassan Allam Utilities for the 1 GW solar / 660 MWh BESS Minya project, developed with Infinity Power — the Masdar-Infinity joint venture. DFI capital still anchoring UAE-backed African solar-plus-storage.
At Persimmon Investments, that’s the map we invest against.