Solar and Renewables
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West African country, Ghana, is seeking investors to develop wind and tidal wave energy projects to expand its renewable energy portfolio and strengthen the national grid.
These actions are expected to unleash American energy, prioritize fossil fuel development, and reverse several climate initiatives from the outgoing administration of Joe Biden, emphasizing his “Drill, Baby, Drill” ambitions.
The OPEC Fund for International Development has announced a $30 million investment in Africa’s largest onshore wind power project, located in Egypt’s Gulf of Suez region.
Amsterdam-based renewable energy firm Photon Energy Group is making significant strides in South Africa’s clean energy sector with the development of a 250-megawatt (MW) concentrated solar photovoltaic (PV) plant integrated with 150 MW/1.8 GWh of thermal hydro storage in Winterton, KwaZulu-Natal.
The government rolled out multiple batches of funding, including subsidies for vehicle conversion kits and investments in building a network of CNG refueling stations. Despite these measures, the adoption rate has been lower than anticipated, with many motorists hesitant to make the switch.
Egypt is ramping up its solar energy projects as soaring natural gas prices and declining domestic gas production strain the country’s energy supply.
South Africa government has revealed the eight preferred bidders for the seventh bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the second bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). This announcement was made by the country’s minister of electricity and energy, Dr. Kgosientsho Ramokgopa…
Egypt has secured $275 million in financing for the construction and operation of Africa’s largest wind farm, the Suez Wind Project, located in the Gulf of Suez. The funding was announced on Thursday in Cairo by the European Bank for Reconstruction and Development (EBRD). The financing includes $200 million from the EBRD, with additional contributions…
African Export-Import Bank, Afreximbank, alongside the International Monetary Fund (IMF) has agreed to mobilise an impressive sum of $50 million in Zimbabwe for projects in energy infrastructure, logistics, agro-processing, among others. This was contained in a statement made by the Zimbabwean government on Thursday, as per a report Energy Capital. The deal was signed with…
South Africa has awarded 1,760 megawatts of green-power projects as part of efforts to decrease its dependence on coal for electricity generation. This was revealed in a statement by the country’s the Electricity Minister, Kgosientsho Ramokgopa, in a meeting with reporters in Pretoria on Monday. According to a report by Bloomberg, the government received over…
Norwegian renewable energy company, Scatec ASA, has reached financial close for the second 60 MW phase of the 120 MW Mmadinare Solar Complex in Botswana. In a statement issued on Thursday, Scatec’s Chief Executive Officer, Terje Pilskog, expressed optimism about the project’s progress. The milestone paves the way for construction to commence on the project’s…
The Egyptian government has inaugurated a 500 MW Abydos solar PV plant estimated at a whooping $500 million . This was made disclosed in a statement by the Egyptian Prime Minister, Mostafa Madbouly, in Aswan, according to a report by Renewable Energy Chronicles. The Prime Minister said the plant was developed by Dubai-based AMEA power,…
The Nigerian Electricity Regulatory Commission (NERC) has introduced a new tariff model for mini-grid installation and operations in the country. The announcement was made through a statement shared by the Commission on its official X handle (formerly Twitter) on Friday. According to NERC, the new model is based on the African Forum for Utility Regulators…
Zimbabwe’s industrial power users have secured $250 million in financing from the African Export-Import Bank (Afreximbank) to develop a floating solar power plant on the world’s largest man-made lake, Kariba dam. The Intensive Energy User Group (IEUG), which includes major mining companies such as Rio Tinto’s local unit and Mimosa, plans to construct a 250-megawatt…
In a significant boost to South Africa’s renewable energy sector, European investors have committed $44 million to advance sustainable energy projects in the region. The investment, led by Sweden’s development finance institution Swedfund and Denmark’s Investment Fund for Developing Countries (IFU), will support the expansion of Johannesburg-based independent power producer, Sturdee Energy. The funds aim…