Capital keeps flowing to gigascale renewables — and DFIs are following it into Africa.
This week’s deal flow across our core markets shows both ends of the pipeline moving: mega-financings in the Gulf, disciplined portfolio churn in Iberia, and blended finance still doing the heavy lifting in Africa.
What we’re tracking today:
Masdar closed $5.1bn in debt financing, part of a $6.1bn package, for a 5.2 GW solar-plus-19 GWh battery storage plant in Abu Dhabi — the world’s first gigascale round-the-clock renewable facility, backed by a 13-bank consortium. That’s the GCC end of our barbell: lower-risk, investment-grade infrastructure at a scale few developers can match.
TotalEnergies exited its ~170 MW distributed solar portfolio across seven European countries, including Portugal and Spain, selling to Amarenco and AMPYR Distributed Energy. Majors are re-concentrating on utility-scale; that leaves more mid-market rooftop and C&I supply for platforms willing to operate it.
The African Development Bank approved $66m for the first phase of Egypt’s 500 MW Dandara solar-plus-storage project, blending concessional and ordinary capital to unlock further DFI debt. Egypt keeps proving storage gets financed once a DFI anchors the capital stack.
At Persimmon Investments, that’s the map we invest against: GCC scale, Iberia churn, and African growth anchored by DFI capital.