Ramaphosa paves way for power revolution
South African President Cyril Ramaphosa has set out a plan to tackle the country’s energy problems and seemingly winning support.
South African President Cyril Ramaphosa has set out a plan to tackle the country’s energy problems and seemingly winning support.
Recent world events have shone light on the vital role that energy plays in societies throughout the world. Whilst western powers are dealing with what is rapidly turning out to be one of the worst energy crises ever experienced, poorer nations across the world are increasingly suffering the detrimental costs of climate change, the consequence of the exploitation of fossil fuels and unsustainable industrial practices.
Mainstream Renewable Power and Actis have struck a deal to sell Lekela Power to Infinity Group and Africa Finance Corp. (AFC).
Norway’s Norfund and KLP has made a $40 million equity investment in CrossBoundary Energy, to support renewable energy projects in Africa.
Prieska Power has struck a partnership with South Africa’s Industrial Development Corp. (IDC) to develop a green hydrogen project in Prieska Northern Cape.
Green grids and international renewable energy are the only way to save Africa – and the world – with the alternative being a “climate abyss”.
Europe needs new sources of energy, particularly zero carbon energy, while Namibia offers abundant solar and wind. Can hydrogen bridge the gap, providing scope for both to prosper on the route to net zero?
Octopus Energy has struck a deal to invest in Xlinks, a project that aims to transport renewable energy from Morocco to the UK.
South Africa’s Department of Mineral Resources and Energy (DMRE) has launched Bid Window 6.
Savannah Energy has added another string to its bow with a deal to build a wind farm in Niger.
Norfund and the UK’s CDC Group have set out a 600 million rand ($39mn) investment in H1 Capital. The aim is to support clean energy projects in South Africa.
Eskom will complete its unbundling by the end of this year, South Africa President Cyril Ramaphosa has said.
The UK has set out its hopes to increase trade links with Africa, not least in the energy sector, although divisions continue over quite how policies should be pursued.
UK Climate Investments (UKCI) and Norfund are teaming up to back a joint venture investing in onshore wind farms in South Africa.
Siemens Gamesa Renewable Energy (SGRE) has contracted Mammoet to offload and assemble wind turbines at Djibouti’s Goubet project.
Sasol is seeking suppliers to provide it with renewable energy at its South African operations.
Chariot Oil and Gas is diversifying into renewable energy for mines, under a deal to acquire Africa Energy Management Platform (AEMP).
South Africa will issue two renewable energy bid windows this year, one in “the coming weeks”, South African President Cyril Ramaphosa has said.
Of all the things the UK is internationally renowned for, good and reliable weather certainly isn’t one of them.
South African President Cyril Ramaphosa has taken the topic of domestic energy reform to Davos, although domestic criticism persists.
Lake Turkana Wind Power has contracted Clir Renewables to track the Kenyan power project’s performance and consider potential optimisation.
Africa will not increase electricity access and limit carbon emissions, a new study has reported, undermining hopes for a potential “leapfrog” effect.
The next 10 years will be critical in determining Africa’s power path – and just how much more carbon the next billion people will emit.
Siemens Gamesa has signed up for its first wind power project in Ethiopia with a commitment for 29 wind turbines.
The UK Department for International Trade (DIT) will hold the Africa Investment Conference on January 20, 2021.