DR Congo: Exim Bank India Finances DRC Solar

DR Congo: Exim Bank India Finances DRC Solar

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

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Zambia: Largest Solar Plant Complete

Zambia: Largest Solar Plant Complete

President Edgar Lungu has commissioned a 54-MW solar power plant, as the construction of the Bangweulu plant reached completion. The plant is Zambia’s largest renewable energy project, constructed at a cost of $60 million. The solar power plant under the Bangweulu Power Company Limited is a JV of the Industrial Development Corporation and Neoen, a French company. The World Bank Group’s Scaling Solar Project awarded a contract to Neoen to construct a 100 MW solar…

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Sustainability: “No tomorrow” for many unless consumption falls – UN

Sustainability: “No tomorrow” for many unless consumption falls – UN

Global exploitation of natural resources – from water, sand and timber to oil, coal and gemstones – has more than tripled in 50 years, the United Nations (UN) said on Tuesday, warning of devastating environmental impacts unless demand is reduced. Surging consumption of natural resources – 92-billion tonnes in 2017 – accounts for half of the world’s planet-heating greenhouse-gas emissions and over 90% of the world’s biodiversity loss, the Global Resources Outlook 2019 found. If…

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Africa: “Continent needs cash, science for new clean energy model of development” – leaders

Africa: “Continent needs cash, science for new clean energy model of development” – leaders

African countries must tackle climate change with a new economic model rooted in clean energy, forest protection and technology to support farmers – but they will need more investment and research to make that happen, leaders said on Thursday. French President Emmanuel Macron, who hosted the “One Planet” climate summit in Nairobi, highlighted the example of West Africa’s Solar Mamas, a group of female engineers who install solar systems in their villages. Their work both…

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Sustainability: “We Should Take Climate Change Seriously” – BP Manager

Sustainability: “We Should Take Climate Change Seriously” – BP Manager

The world and the oil and gas industry need to start tackling in earnest climate change, Spencer Dale, group chief economist at supermajor BP, told The Washington Post in an interview published on Tuesday. “All the climate arguments are real, urgent and important,” Dale told The Washington Post’s Dino Grandoni. The longer the industry and the world wait until they start addressing carbon emissions, the more “draconian” changes the global economy will see in the…

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Africa Renewables: Sweden Expands Support For Off-Grid Energy

Africa Renewables: Sweden Expands Support For Off-Grid Energy

SIDA, the Swedish International Development Cooperation Agency, is halfway through a 5-year commitment to bringing off-grid solar power to Zambia, one of the many countries that make up sub-Saharan Africa, where 70% of the people have no access to a functioning electrical grid. Those that do are often bedeviled with frequent interruptions of service and high utility bills. In the absence of reliable access to electricity, many rely on diesel generators for power but the…

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Global Market: Renewable energy and natural gas dominate growth

Global Market: Renewable energy and natural gas dominate growth

According to BP’s (NYSE: BP) latest energy outlook, renewable energy and natural gas will together claim 85 percent of the world’s energy supply growth through 2040. The new analysis “brings into sharp focus just how fast the world’s energy systems are changing, and how the dual challenge of more energy with fewer emissions is framing the future,” BP CEO Bob Dudley said.

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Sustainability: Guterres underlines climate action urgency

Sustainability: Guterres underlines climate action urgency

The UN Secretary-General Antonio Guterres has called for urgent climate action and increased ambition ahead of his climate summit in September, after the United Nations World Meteorological Organisation (WMO) released data showing the past four years were officially the ‘four warmest on record’. His reaction on Wednesday came after WMO issued a report confirming that 2015, 2016, 2017 and 2018 were the four warmest years recorded to date. The analysis, based on the monitoring performed…

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Mozambique: First large-scale solar plant active in May

Mozambique: First large-scale solar plant active in May

Mozambique’s first solar power plant has secured financing. Construction is expected to start in May, with the facility operational by early 2019, government sources have told Lusa. “It will be the country’s first large-scale solar plant, and represents an important step in Mozambique’s ambition to increase the renewable sources share of its electricity production,” the developer said. The large solar panel array will cover a 126-hectare site in Mocuba, central Zambezia province, and is the…

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Africa Renewables: “Invest in clean technology to counter the siege on the coal”- SA Minister

Africa Renewables: “Invest in clean technology to counter the siege on the coal”- SA Minister

The coal industry needs to counter the negative attitude towards the industry by investing in clean coal technology and funding research initiatives to find alternative markets for coal, says Mineral Resources Minister Gwede Mantashe. He told delegates at the opening of the fourteenth annual Southern African Coal Conference, on Thursday, that the movement towards clean energy was moving “at breakneck speed”. “Coal mining is under siege. If you don’t understand that, you are from another…

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