Solar and Renewables
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South Africa is turning to European countries such as Germany and the United Kingdom for new climate financing as the United States scales back its commitment to the $8.5 billion Just Energy Transition Partnership (JETP) deal.
The World Bank has said the Zambian government is partnering with international organizations to ramp up efforts to bring electricity to 8.5 million citizens by 2030 through off-grid solar solutions.
In 2024, Africa’s renewable energy sector experienced a significant boost, adding 4.2 gigawatts (GW) of new installed capacity, according to the latest Renewable Capacity Highlights report by the International Renewable Energy Agency (IRENA).
Norwegian renewable energy company Scatec ASA said today that it has signed a power deal with Tunisian state utility, Societe Tunisienne de l’Electricite et du Gaz (STEG), for a 120-MW solar power project in the country that it will develop in partnership with a unit of Toyota Tsusho Corp.
India-based power transmission infrastructure company Sterlite Power has proposed to establish a dedicated electricity grid for green hydrogen projects in Egypt, the Egyptian Ministry of Investment and Foreign Trade said.
In recent years, Nigeria has grappled with significant challenges in its energy sector, leaving millions of households and businesses without reliable access to electricity.
South African independent power producer Mulilo Energy Holdings has reached financial close on a 75-MWac/105-MWdc solar project in the Northern Cape Province, bringing the project closer to construction.
Nigeria’s Rural Electrification Agency (REA) has announced plans to set up a Renewable Energy University in the nation’s capital, Abuja. The proposed university is poised to be the first of its kind in the West African sub region.
Eurasian Resources Group (ERG) has halted cobalt deliveries from its Metalkol operation in the Democratic Republic of Congo (DRC) due to the country’s temporary export ban on the metal, two sources familiar with the matter said.
The United States is open to exploring critical minerals partnerships with the Democratic Republic of Congo (DRC) as Kinshasa seeks to diversify its economic allies, a U.S. State Department official has said.
The European Investment Bank (EIB) has partnered with Africa Finance Corporation (AFC) to support a $750 million Infrastructure Climate Resilient Fund (ICRF), aimed at strengthening Africa’s climate adaptation efforts and sustainable infrastructure.
Cape Town, South Africa’s second-largest city, has secured a $157 million loan from Germany’s KFW Development Bank to accelerate its transition to green energy programs and enhance energy security.
South African mining firm, Sibanye Stillwater, has withdrawn from its planned investment in the Rhyolite Ridge lithium project in Nevada, citing falling lithium prices and unfavorable investment conditions.
Representatives from Nigeria and China have formalized a €7.6 billion ($7.9 billion) agreement to develop a green hydrogen project in Niger Delta region, Akwa Ibom.
In a significant step toward advancing renewable energy adoption in South Africa, SolarAfrica has successfully secured over $97 million (R1.8 billion) in funding for the first phase of its flagship utility-scale solar project, SunCentral.
Namibia’s Electricity Control Board (ECB) has approved a regulatory framework to guide the installation and operation of electric vehicle (EV) charging infrastructure across the South African country.
South African gold mining giant, Sibanye Stillwater, has signed a management agreement with the Glencore Merafe Joint Venture (GMV) to boost chrome production and offset losses from declining platinum group metal (PGM) prices.
Nigeria, Africa’s most populous nation, has long grappled with an unreliable electricity grid that hampers economic growth and affects the daily lives of its citizens. Despite its vast natural resources, including oil and gas, the country faces persistent power shortages.
The Rural Electrification Agency (REA) of Nigeria has announced plans to connect 1.5 million Nigerians to mini electricity grids in the country.
Abu Dhabi-based Phoenix Group, a leading cryptomining and blockchain conglomerate, has announced its expansion into Africa with an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia.