Latest News for: Africa renewable energy

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Energy demand to rise as world recovers from COVID-19 pandemic

Business Day Online 14 May 2021
According to her, Africa’s population is rapidly expanding and will likely double by 2050 with consequential demand for energy ... She called on Africa governments to make it a high priority to provide foundations for an attractive framework for investments in all forms of energy, especially in renewables that have so much potential.
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REQUEST FOR PROPOSAL Terms of Reference (TOR) Consultancy for Donor Report Writing Skills Training

Reliefweb 14 May 2021
AECF’s strategy is focused on agribusiness/agriculture and renewable energy sectors with increased support to climate technologies, ... Since 2008, AECF has invested in 268 businesses across sub-Sahara Africa focusing on Agribusiness, Renewable Energy and Climate Technologies.
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Construction of largest renewable energy investment in South Africa begins

Construction Review Online 12 May 2021
... project is the largest renewable energy investment in South Africa to date.
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ACWA Power closes finance for 100-MW CSP park in S Africa

Renewables Now 11 May 2021
Saudi renewables developer ACWA ... At a total investment cost of ZAR 11.6 billion (USD 828m/EUR 681m), the CSP park will be the largest renewable energy investment in South Africa to date, ACWA announced on Monday.
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How can the AfCFTA improve energy efficiency and access in Africa?

B & FT Online 11 May 2021
The authors Adedeji Adeniran, Chukwuka Onyekwena, Sone Osakwe, and Chimere Iheonu discuss how the African Continental Free Trade Agreement (AfCFTA) can be used to strengthen the energy sector, and make better use of Africa’s abundant renewable energy resources to meet its vast demand.
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So what is a Just Transition?

Mail Guardian South Africa 11 May 2021
Which in turn, will worsen poverty, inequality and unemployment, something South Africa cannot afford ... Capture and storage options are limited (especially in South Africa), with the implication that cuts to carbon emissions need to be deep and widespread ... Renewable-dominated energy systems and local manufacture are key.
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Lagos mulls new electricity policy to drive economic growth

Business Day Online 11 May 2021
The state is considering an Integrated Resource Plan (IRP), developed along with USAID Power Africa Nigeria Power Sector Programme that will generate, transmit, and distribute power from both gas and renewable energy.
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Raubex Group sees uptick in construction tender activity

Independent online (SA) 11 May 2021
He said there had been an increase in tender activity – the group had picked up significant house building contracts, and also planned to be a part of the fifth bidding window of the renewable energy programme towards the end of the year, said Fourie.
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Exeger takes $38M to ramp up production of its flexible solar cells for self-powered gadgets

Crunch 11 May 2021
Back in 2019 SoftBank also put $20M into Exeger, in two investments of $10M — entering a strategic partnership to accelerate the global rollout of its tech and further extending its various investments in solar energy ... A new solar technology could be the next big boost for renewable energy.
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Saudi-owned ACWA Power starts to build Africa’s biggest renewables project

Arab News 10 May 2021
... plant in South Africa, the biggest renewables project on the continent ... “Redstone CSP adds another superlative to our budding record in South Africa, being the largest renewable energy investment to date,” said CEO Paddy Padmanathan.
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Green loan to Absa to boost funding for renewable energy in SA

Independent online (SA) 07 May 2021
AFRICA’S first certified green loan, announced yesterday by the International Finance Corporation (IFC) to Absa Bank, would increase funding for biomass and other renewable energy projects in South Africa, supporting the country’s power sector and economic recovery from Covid-19.
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IFC and Absa Bank Partner on Africa’s First Certified Green Loan to Support Green Energy Projects

Business Ghana 06 May 2021
Africa's first certified green loan, announced today by IFC to Absa Bank Ltd., will increase funding for biomass and other renewable energy projects in South Africa, supporting the country's power sector and economic recovery from COVID-19 ... for renewable energy projects.
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IES receives World Climate Clock for leading fight against global warming

B & FT Online 06 May 2021
It shows the amount of the world’s energy supplied from renewable sources, currently at 12 percent and slowly rising ... He explained that the ultimate goal of bringing the climate clocks to Ghana and Africa is to promote home-grown energy-efficient and renewable energy solutions throughout the continent.
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South African bank secures continent’s ‘first green loan’

PV Magazine 06 May 2021
The finance, which complies with the green loan principles stipulated by London-based lending-market membership body the Loan Market Association, will finance “biomass and other renewable energy projects in South Africa,” said the IFC, the private-sector arm of the World Bank.
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INTERVIEW - Renewables at mines not yet an easy task but Suntrace is optimistic

Renewables Now 05 May 2021
Fresh off the commissioning of a megawatt-scale off-grid solar-plus-storage hybrid power system at the Fekola gold mine in Mali, German renewable energy expert Suntrace GmbH is heading to another gold mine in West Africa ... Ahead of the event, he shared some insight into the complexities of setting up a renewable energy system at Africa’s mines.

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