Africa Renewables: Algeria to Manufacture RE Parts in partnership with General Electric

Africa Renewables: Algeria to Manufacture RE Parts in partnership with General Electric

The first turbines manufactured in Algeria will be available by July 2019, according to the CEO of the country’s state-run utility Sonelgaz. Mohamed Arkab said the goal is being achieved through a partnership with GE. The country has indeed signed an agreement to create a JV co-founded by both entities under the 51/49 rule. Called GEAT, the JV company will manufacture the equipment of a power plant, such as alternators and control systems. In addition,…

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Sustainability: Climate crisis spurs UN call for $2.4tn fossil fuel shift

Sustainability: Climate crisis spurs UN call for $2.4tn fossil fuel shift

The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on policymakers and businesses to step up their response to global warming, which is boosting sea levels, making storms more violent and exacerbating poverty. The atmosphere is already almost 1…

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Global Energy: “Renewables Set For Explosive Growth” – IEA

Global Energy: “Renewables Set For Explosive Growth” – IEA

Renewable energy is growing at a blistering rate, but clean energy is also nowhere near what is needed to avoid some of the worst effects of climate change, according to a series of new monumental reports on the global energy system. Renewable energy accounted for half of the increase in new electricity generation in 2017, a remarkable feat, according to a new report from the International Energy Agency (IEA). By 2023, renewables will account for…

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Renewables: Akon Lighting Sierra Leone

Renewables: Akon Lighting Sierra Leone

Akon, Senegalese rapper and founder of Akon Lighting Africa, has pledged to equip Sierra Leone with 5,000 solar street lights and 2,500 traffic lights to accompany the national electrification agenda. “The commitment of the philanthropic organization of Akon will be of great help for the electrification of our country. It proves the impressive leadership of President Julius Maada Bio who was able to mobilize, in six months, the international good will to improve the daily…

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Mozambique Energy: Portugal EDP Takes Stake in Mozambique’s SolarWorks

Mozambique Energy: Portugal EDP Takes Stake in Mozambique’s SolarWorks

Energias de Portugal SA (ELI:EDP) announced today it has acquired a minority stake in Mozambique-based off-grid solar marketing firm SolarWorks! for EUR 2 million (US$2.32m). The acquisition was made by EDP Renovaveis SA (ELI:EDPR), which led a fundraising round for the target. Venture building firm Persistent Energy Capital LLC also took part in the capital hike. SolarWorks! operates a pay-as-you-go (PAYGO) business in Mozambique and this new investment will help it expand in Southern Africa….

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Renewables: AfDB approves US$1 million grant for renewable energy in Angola

Renewables: AfDB approves US$1 million grant for renewable energy in Angola

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) has approved a US$1 million grant to Independent Power Producers (IPP) in Angola to encourage private investment in renewable energy. These funds will be used to establish a one-stop shop unit known as the Energy Project Implementation Support Unit (EPISU) that will work as an enabling environment for IPP/Public-Private Partnership (PPP) projects to improve bankability of projects. Additionally, it will also…

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Sustainability: Eni and UNDP to promote sustainable energy and SDGs in Africa

Sustainability: Eni and UNDP to promote sustainable energy and SDGs in Africa

Energy major Eni SpA and the United Nations Development Programme (UNDP) are joining forces to improve access to sustainable energy and help achieve the Sustainable Development Goals (SDGs) in Africa. The partnership is the first of its kind between UNDP and a global energy company. The Memorandum of Understanding (MoU) was signed by Eni Chief Executive Officer Claudio Descalzi and UNDP Administrator Achim Steiner during an official ceremony hosted by the Permanent Mission of Italy…

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Renewables: South Africa RE Generation to More Than Triple by 2030

Renewables: South Africa RE Generation to More Than Triple by 2030

South Africa’s share of non-hydro renewables for power generation will more than triple by 2030, according to a new report put out by GlobalData. The latest report says that the country’s non-hydro renewables power generation will increase from 8.1% in 2017 to 30.3% in 2030. This is attributed to the government’s decision to restructure its energy output. GlobalData’s latest report, ‘South Africa Power Market Outlook to 2030, Update 2018 – Market Trends, Regulations, and Competitive…

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Africa: World Energy Council Sign Historic Energy Agreement

Africa: World Energy Council Sign Historic Energy Agreement

The World Energy Council signed a historic agreement with the Common Market for Eastern and Southern African (COMESA) to drive regional energy integration and enhance sustainable energy access in the 21 COMESA states.

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Africa Mining: Shift to renewables to become a growing trend in the mining sector

Africa Mining: Shift to renewables to become a growing trend in the mining sector

Owing to a reduction in renewable energy costs, the prospect of a more reliable power supply and an increasingly favourable regulatory environment in key mining markets, renewable energy is anticipated to play an increasingly important role in powering mining operations worldwide over the coming years. Fitch Solutions Macro Research’s ‘Outlook for Renewable Energy Use in the Mining Sector’ report, published on September 7, stated that price will be the main motive for mining companies to…

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