Chariot partners with Total Eren to offer clean energy solutions to mining companies in Africa

Chariot has signed binding key terms of a long-term joint-development partnership with Total Eren, the company said this morning. By working with Total Eren, Chariot intends to jointly originate and develop wind and solar projects for mining clients in Africa.

The partnership will have an initial duration of three years and start on January 1st, 2022. It can then be extended for a further two years.

Under the agreement, Chariot will have a right to invest between 15 to 49% into the co-development of projects.

Earlier this year, Chariot has acquired the business of Africa Energy Management Platform (AEMP) for $2m. The renewable and hybrid energy project developer had an ongoing strategic partnership with Total Eren and both entities were already looking at a pipeline of 500 W of power to African mine operators. Under that partnership, AEMP had a right to invest in up to 15% project equity at cost in projects developed by both partners.

Read more

African Development Bank signs off on 205 MW Sahofika hydropower scheme in Madagascar

Yesterday, the African Development Bank (AfDB) signed two key agreements to further boost energy access in Madagascar. The contracts were signed by Rindra Hasimbelo Rabarinirinarison, Madagascar’s Minister of Economy and Finance, and Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth at the AfDB. The first one covers the $118m Power Transmission Network […]

Africa Oil Corp. becomes cash positive less than two years after investment into Nigerian deep offshore

Africa Oil Corp.’s acquisition of a 50% interest in Petrobras Oil and Gas B.V (POGBV, now known as Prime) in 2020 for $520m is paying off. The Canadian independent has just become cash positive in Q3 2021, reporting a net cash position of over $15m. The performance was made possible thanks to AOC’s exposure to […]

Leave a Comment