Based on REN21's 2014 report, renewables contributed 19 percent to humans' global energy consumption and 22 percent to their generation of electricity in 2012 and 2013, respectively. This energy consumption is divided as 9% coming from traditional biomass, 4.2% as heat energy (non-biomass), 3.8% hydro electricity and 2% is electricity from wind, solar, geothermal, and biomass. Worldwide investments in renewable technologies amounted to more than US$214 billion in 2013, with countries like China and the United States heavily investing in wind, hydro, solar and biofuels.
In 2014 renewables such as wind, geothermal, solar, biomass and burnt waste provided 19% of the total world final energy consumption, roughly half of it traditional use of biomass. The most important sector electricity with a renewable share of 22.8%, most of it coming from water power with a share of 16.6%, followed by wind with 3.1%. Several places run their grids almost exclusively on renewable energy. At the national level, at least 30 nations around the world already have renewable energy contributing more than 20% of energy supply. Also, Professors S. Pacala and Robert H. Socolow have developed a series of “Climate stabilization wedges” that can allow us to maintain our quality of life while avoiding catastrophic climate change, and "renewable energy sources," in aggregate, constitute the largest number of their "wedges."
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.
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, RenewableEnergy and Climate Technologies.
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 SouthAfrica to date, ACWA announced on Monday.
The authors Adedeji Adeniran, Chukwuka Onyekwena, Sone Osakwe, and Chimere Iheonu discuss how the AfricanContinentalFree 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.
Which in turn, will worsen poverty, inequality and unemployment, something SouthAfrica 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.
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.
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.
... plant in SouthAfrica, the biggest renewables project on the continent ... “RedstoneCSP adds another superlative to our budding record in South Africa, being the largest renewable energy investment to date,” said CEOPaddy Padmanathan.
Africa's first certified green loan, announced today by IFC to AbsaBankLtd., 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.
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.
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 SouthAfrica,” said the IFC, the private-sector arm of the World Bank.
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 WestAfrica... Ahead of the event, he shared some insight into the complexities of setting up a renewable energy system at Africa’s mines.