$13.84 Billion Invested in Africa’s Power & Energy Transition in 2025

Electron Intelligence (EI) has released the Africa’s Power and Energy Transition Investment Report 2025, tracking $13.84 billion of disclosed investment activity across 306 deals in 43 African countries in 2025. The report maps capital flows across Africa’s power system and energy-transition landscape, covering generation, grids and networks, storage and flexibility, energy access, and adjacent transition activity.

EI also published a project pipeline tracker alongside the investment dataset. On the project side, EI tracked 322 projects across 47 countries, with 74,461 MW of total capacity announced and 14,589 MW recorded as installed capacity in 2025. EI highlights this as a widening gap between what is announced and what is deliverable, and positions the two trackers as complementary—capital flows on one side and build-out progress on the other.

Financing mix and deal structures

EI reports a debt-led financing pattern: $9.06B in debt and $2.49B in equity across the dataset. The report also tracks material use of concessional and risk-sharing tools, including $1.18B in grants, $657M in guarantees, and $457M in blended finance. EI tracked $1.4B across 15 M&A deals, describing this as selective consolidation and scaled-asset acquisitions.

By deal type, EI reports tracked value led by Project finance ($5.78B), followed by Government and sovereign programmes ($3.60B), Corporate finance ($3.04B), and M&A ($1.4B).

Investment composition and concentration

Across the full dataset, Clean Electrons accounted for $13.61 billion across 279 deals in 43 markets, representing 98.3% of total tracked deal value. Within Clean Electrons, EI reports capital concentration in:

The year’s tracked activity was anchored by a small number of large tickets, including Geregu Power ($750M), OCP Programme ($520M), and the AfDB Nigeria reform package ($500M). EI also reports investor concentration: AfDB ($1.77B), World Bank ($1.05B), and Standard Bank ($922M) led tracked volume, while the top 10 investors accounted for $7.42B across 112 deals in 34 countries.

Geography and mobility

EI reports that the top 10 countries accounted for $9.88B (73%) across 142 deals, led by South Africa ($2.16B), Egypt ($1.95B), Nigeria ($1.78B), and Morocco ($1.38B). Regionally, tracked value was led by West Africa ($3.92B) and North Africa ($3.75B), with Southern Africa ($3.14B) and multi-country platforms ($1.90B) also material.

Transport and mobility activity totalled $125.8M across 8 deals in 4 markets, with vehicles and fleets ($105.0M) and charging networks ($20.8M).

What EI highlights as “deliverability” constraints

EI’s findings highlight recurring constraints that repeatedly shape which transactions close and which projects move from announcement to delivery. The report lists FX convertibility pathways, collections, grid access and curtailment exposure, permitting readiness, and import/logistics friction among the factors most consistently separating announced pipelines from financed and delivered outcomes.

Access the report: https://electronintel.io/portfolio/africas-power-and-energy-transition-investment-report-2025/

Deals and Investment

Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery storage in eastern Chad.GSU

Sola achieves financial closure on South Africa largest solar + Battery project for a private offtaker SOLA

SolarAfrica Reaches R1.5bn Financial Close for SunCentral 2 Solar Project to Power South African Businesses. Solar Africa

Lyra Energy secures private sector offtake for a 255 MW solar power plant Scatec

Release signs lease agreement for a 21 MW solar plant at Motheo copper mine in Botswana. Scatec

EU Allocates €34.3 Million to Scatec’s Sokhna Green Ammonia Project in Egypt. EU

Egypt to Receive €90 Million EU Grant for Major Grid Modernization and 22 GW Expansion. EU

African Development Bank Boosts Côte d’Ivoire’s ‘Electricity for All’ Program with XOF 15 Billion Social Bond Subscription. AFDB

Etana Energy signed a 10 year PPA with mining group Sibanye Still-Water and will deliver 220MW of wind and solar energy Etana Energy

Regulatory and Policy Updates

CrossBoundary Energy Receives Key Regulatory Approval for 233 MWp Solar Plant in DRC ARE

Mozambique Faces $1 Million Power Restoration Bill in Cabo Delgado EDM

NERSA Invites Public Comment on Proposed Eskom Retail Tariff Structural Adjustments. NERSA

Eskom Confirms Support for New Task Team to Establish Independent Transmission System Operator (TSO)ESKOM

The Radar

Africa Energy Bank Set for June 2026 Operational Launch Following $5 Billion Financing Drive Africa Energy Council

22-24 February | PIESA Conference 2026, Linlogwe, Malawi PIESA

22-24 February | Standard Bank Energy Market Conference Standard Bank

26 February | Sanedi Annual Energy Conference, Ekihurleni, South Africa Sanedi

27th February | Solar and Storage, Ethiopia, 2026 S&S 2026

12th March | Nigeria Solar Forum, Lagos, Nigeria Nigeria Solar Forum