A yawning investment gap in clean energy means it is still just a marginal part of many portfolios.
Read MoreGlobal Industry: Renewables investment falls short of lofty ambitions
renewables
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…
Read MoreRenewables: Shell says it wants to double green energy investment
Shell has declared an ambition to double the amount it spends on green energy to $4bn a year, in a sign of how the Anglo-Dutch company is looking to speed up its move to a future beyond oil and gas.
Read MoreSustainability: Global investors say lack of climate action risks financial crash
Global investors managing a combined $32 trillion in assets warned negotiators at the UN climate summit that the lack of action on climate change could provoke a financial crisis much deeper than the 2008 meltdown. For instance, investment firm Schroders said that the global economy could see losses of $23 trillion in the long run without rapid action. On the contrary, a rapid clean energy transition could result in enormous benefits. “The low-carbon economy presents…
Read MoreRenewables: African Development Bank support for clean energy access falls short of goals
WASHINGTON, D.C. – As the African Development Bank (AfDB) kicks off its first-ever Africa Investment Forum in South Africa, a new analysis released today finds that the AfDB’s own support for the most cost-effective energy access solutions lags far behind what is needed — in contrast to its world-leading pledge to scale up energy access on the continent. Dozens of civil society organizations signed a letter to AfDB decision-makers that drives home the report’s key messages. The report, assessing nearly…
Read MoreRenewables: Kenya Targets 2020 for 100% RE
Kenya aims to meet 100% of its energy needs through renewable sources of energy by 2020, according to the country’s president, Uhuru Kenyatta. Currently renewable energy accounts for 70% of the East African country’s energy mix. To reach this level, massive investment in the sector was required, leading, among other things, to a tripling of the national electrification rate to 60%. “Our goal is to achieve 100% satisfaction with our renewable energy needs by 2020….
Read MoreRenewables: Greenlight Planet Powers 10,000 Homes in Zimbabwe
Greenlight Planet’s partner, Zonful Energy, a pay as you go (PAYG) company in Zimbabwe has distributed 10,000 Sun King solar home systems in a span of four months.
Read MoreAfrica 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,…
Read MoreSustainability: 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…
Read MoreRenewables: 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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