Menlo Electric and JinkoSolar Forge Alliance to Boost Renewable Energy; Egypt & Saudi Arabia To Launch 3,000 Megawatt Electricity and More...

In a significant move aimed at advancing renewable energy initiatives, Menlo Electric and Jinko Solar Co., Ltd. have announced a strategic partnership. Menlo Electric, a prominent distributor of photovoltaic solutions across Europe, the Middle East, and South Africa, and recently entered the US market, disclosed plans to integrate an additional 1GW of JinkoSolar’s photovoltaic modules over the next year.

The Ministry of Electricity and Renewable Energy announced on Tuesday plans to commence operation of the long-awaited electricity linkage between Egypt and Saudi Arabia in Fall 2025. This ambitious project marks a significant milestone in regional energy cooperation, aiming to enhance electricity supply stability and capacity across borders.

Cox, a vertically integrated global water and energy utility, is set to strengthen its position as a renewable energy generator with the acquisition of a 51% stake in the Khi Solar One solar thermal plant. This transaction is pending approval from local authorities. The remaining 49% of the plant will continue to be held by local partners.

Powerpire, a leading innovator in sustainable energy solutions, has announced a groundbreaking partnership with multiple organizations to establish solar-powered health clinics and mobile medical units in disaster-affected regions across Africa. This collaborative effort aims to address the critical lack of healthcare services and sustainable energy sources in areas severely impacted by natural disasters.

Inspired Evolution, a leading Pan-African climate-centered private equity firm specializing in clean energy infrastructure and energy and resource-efficiency investments, proudly announces the second close of its Evolution III Fund as of May 31, 2024.