Renewables: Mozambique to Benefit from SunFunder/SolarWorks! Debt Facility

Renewables: Mozambique to Benefit from SunFunder/SolarWorks! Debt Facility

SunFunder closed a $2 million debt facility with SolarWorks!, a leading Pay-As-You-Go (PAYG) solar home system and energy services provider in Southern Africa. The investment took an innovative multi-currency approach through a partnership with US-based currency hedging company MFX Solutions. It will be used primarily for working capital to accelerate SolarWorks!’ growth in Mozambique and marks the first transaction in that country for both SunFunder and MFX. They expect the financing to directly impact the…

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Africa Energy: TESLA to Enter Nigerian Energy Market

Africa Energy: TESLA to Enter Nigerian Energy Market

US electric car manufacturer, TESLA, plans to introduce batteries on the Nigerian market that can power homes and businesses. The batteries would allow for consumers’ in remote areas without access to the national power grid a more stabilized and clean energy source. Director General of the Bureau of Public Enterprise, Alex Okoh, said, “TESLA’s introduction could take advantage of palpable outrage in a country where over 190 million people share barely 400 MW of power”….

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Africa Renewables: Ethiopia Issues Tender for Solar Plants

Africa Renewables: Ethiopia Issues Tender for Solar Plants

In Ethiopia, the Ministry of Energy launched a call for tenders for the installation of six large-scale solar power plants. The plants would have a combined capacity of almost 800 MW and be located in the states of Afar, Somali, Oromia and Tigray. The solar plants are being developed as part of a public-private partnership at an estimated cost of approximately $795 million, which will be partially funded by the government. These projects are being…

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Africa Renewables: Angola and UAE to Cooperate on Energy

Africa Renewables: Angola and UAE to Cooperate on Energy

Angola signed three cooperation agreements with the UAE. The agreements cover the fields of energy production, transmission and distribution, as well as in the supply of drinking water. These agreements concern the setting up of a power plant in Moxico and the installation of an electrical transmission system in order to integrate the eastern region of the country into the entire national electricity grid. The plant will have a projected capacity of 350 to 400…

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Global Industry: Ireland IEA’s next global conference

Global Industry: Ireland  IEA’s next global conference

IEA Executive Director Dr Fatih Birol announced last week that Ireland this year will host our fourth annual Global Conference on Energy Efficiency in Dublin on 24 June 2019.

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Sustainability: “We are losing the race on climate change” – UN chief Antonio Guterres

Sustainability: “We are losing the race on climate change” – UN chief Antonio Guterres

The world is “losing the race” against climate change, UN chief Antonio Guterres warned Thursday at the elite Davos forum, demanding bolder action from governments to arrest catastrophic warming.

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Sustainability: World urged to reuse natural resources to save planet

Sustainability: World urged to reuse natural resources to save planet

More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually – including minerals, metals, fossil fuels and biomass – are currently put back into service, said a report by Amsterdam-based social enterprise Circle Economy. CEO Harald Friedl told the Thomson Reuters Foundation more…

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Sustainability: Life expectancy goes up in China as pollution level drops

Sustainability: Life expectancy goes up in China as pollution level drops

The life expectancy of a Chinese citizen has gone up by half a year due to a significant drop in the air pollution level in the country, a study has claimed. Air pollution kills over a million in China where the average life expectancy is 76.4 years. A study by the Energy Policy Institute at the University of Chicago says that the life expectancy of Chinese citizens has been extended by half a year due…

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Sustainability: “China plans more nuanced anti-coal pollution measures in 2019” – ministry

Sustainability: “China plans more nuanced anti-coal pollution measures in 2019” – ministry

China will adopt more efficient and targeted measures during its campaign against pollution next year, but will not relax the targets or ease the crackdown on violators, the environment ministry said in a statement on Monday night. The push for new measures follows an annual meeting of top leaders last week which noted that the world’s second-largest economy is facing downward pressures. “We will coordinate environmental protection with economic development and avoid simple and brutal…

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