BERLIN : German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. The poll of members of the German-African Business Association also showed that a further […]
AFRICA CLEAN ENERGY INVESTMENT SEES NO POST-PANDEMIC REBOUND
New capital deployed for wind, solar, geothermal and other renewable power projects in Africa slips to an 11-year low, finds BloombergNEF Sharm el-Sheikh : As leaders gather in Egypt for the latest round of UN climate talks with the energy transition and economic development very much on the agenda, new research from BloombergNEF (BNEF) finds […]
Anchor Investments Announced to Launch $2 Billion Fund for Locally-Led Restoration in Africa
SouthBridge Investments and the Arab Bank for Economic Development in Africa (BADEA) announced a $2 billion blended finance mechanism to support locally led African restoration The Bezos Earth Fund announced $50 million in aligned philanthropic support for restoration of two iconic landscapes, the Greater Rusizi Basin and the Great Rift Valley. This fund opens the […]
Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa – EQ Mag Pro
LAGOS : Romco Metals, which recycles scrap aluminium in Nigeria and Ghana, is planning to expand output by more than five times to 100,000 tonnes a year, its CEO said, and is working on a project to create green hydrogen to power its furnaces. Romco, a UK-based non-ferrous metals recycling firm, said it was in […]
Sungrow Launches the Comprehensive Solar plus Storage Solutions for Africa during the Solar Show Africa, 2022 – EQ Mag Pro
Sungrow, the global leading inverter and energy storage system supplier for renewables, rolls out its comprehensive Solar plus Storage solutions for Africa Market during the Solar Show Africa, 2022, which brings the latest innovations to the forefront, and reconfirms its dedication to navigating South Africa’s energy transition with renewables. Placing South Africa as a strategically […]
ReNew Power eyes green hydrogen projects in Africa – EQ Mag Pro
ReNew has announced a slew of initiatives to diversify its renewable energy business, including green hydrogen and energy storage NEW DELHI : NASDAQ-listed ReNew Power Ltd is looking to foray into Africa by developing green hydrogen projects in Egypt and Morocco, said two people in the know. It also has plans for Oman. ReNew has […]
Piyush Goyal calls for exploring solar energy, startup ecosystem to boost ties with Africa – EQ Mag Pro
Goyal said the Department for Promotion of Industry and Internal Trade will be delighted to engage with friends from Africa. Solar energy, infrastructure, military cooperation and startup ecosystem are four critical areas where India can be a valuable partner to African nations, Commerce and Industry Piyush Goyal said on Tuesday. The trade between India and […]
Five Largest Energy Storage Projects in Africa – EQ Mag Pro
With the energy transition currently underway in Africa, the rapid increase in energy production to meet both demand and emissions reduction targets present a risk in the form of increased network congestion, threatening security of supply. Thus, the method of combining renewables production with storage systems is crucial to optimized grid management. This method is […]
Africa needs US$25 billion a year for full electricity access: IEA – EQ Mag Pro
PARIS: The number of Africans with access to electricity fell during the COVIDovid pandemic, but US$25 billion in annual investments could bring full coverage by 2030, the International Energy Agency said Monday (Jun 20). The IEA said 600 million people, or 43 per cent of the continent’s population, lack access to electricity – mostly in […]
NGSL to explore business opportunities in the renewable sector in Africa
NTPC GE Power Services Limited (NGSL) has signed a MOE for extending support for the adoption of affordable housing, efficient lighting, development of mini-grid solutions and capacity building of Kenyan power sector professionals New Delhi : NTPC GE Power Services Limited (NGSL), a 50:50 JV between NTPC Limited and GE Power India Limited has signed […]
