Category: Alternative & Renewable Energy
Wildlife Economy Summit to launch African-led vision for conservation
Heads of State, business leaders, technical experts and community representatives will gather in Zimbabwe’s Victoria Falls from 23-25 June for the Africa Wildlife Economy Summit, which aims to radically change the way the continent’s nature-based economy is managed. Convened by the United Nations Environment Programme (UNEP) and the African Union (AU) and hosted by H.E….
Schneider Electric, EM-ONE Energy Solutions sign MoU on renewable energy
Schneider Electric has signed a Memorandum of Understanding with EM-ONE Energy Solutions, a Nigerian sustainable energy engineering company.The aim of the partnership is to create an African mini-grid industry involving decentralised electricity generation and distribution networks based on renewable energy. For 18 months, led by its sustainability department, the Group has been working to set…
Wärtsilä Modular Block offers reliable, efficient power generation for African businesses —Yusuff Wale Raphael
Yusuff Wale Raphael is the Business Development Manager, North Africa, Nigeria and Ghana, Wärtsilä Energy Business. He has over 16 years of experience in marketing and business development in the Nigerian Oil and Gas and Power Industry. Wale began his career as a Process Engineer in one of the Nigerian refineries and he has been…
Energy: Despite challenges, Africa’s debt is still under control, says AfDB
The African Development Bank (AfDB) remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N’sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48 percent of which has been reinvested in the institution to reinforce reserves and its…
Global Energy: Expert analysis and forecasts
At the beginning of this year, major international companies and agencies (the IAEA, McKinsey, BP, the World Nuclear Association, etc.) laid out the current trends and main statistics of the global energy market. The Global Energy and CO2 Status report by the International Energy Agency (IEA) informed us about current international trends in the field…
UNIDO, AECF to support SMEs, entrepreneurs in clean energy and agri-business in Africa
The United Nations Industrial Development Organisation (UNIDO) and the Africa Enterprise Challenge Fund (AECF) signed a memorandum of understanding (MoU) to promote inclusive and sustainable industrial development in Africa. Under this MoU, the two organisations will support the development and growth of Small and Medium Enterprises (SMEs) and entrepreneurs that are involved in climate and…
Egypt to develop a 600MW Photo-Voltaic Solar complex
The Egyptian Electricity Transmission Company (EETC) has signed an agreement with the International Finance Corporation (IFC) to develop a 600 MW solar power complex in Egypt’s West Nile province. Muneer Ferozie, IFC’s Regional Manager revealed the reports and said that the project will go in a long way to realising the government’s renewable energy plan…
Public buildings, institutions to go on solar —FG
THE Federal Government has started plans to connect all public buildings and institutions to solar (off grid) power, in a bid to achieve its electrification programme for the country. Minister of State for Power, Works and Housing, Mr. Mustapha Shehuri, made this known to newsmen, while speaking on investment on solar development in the country….
Investment platform open for solar plants in West Africa
West African solar energy company, Daystar Power, has partnered with Trine a Swedish investment platform to finance solar plants in West Africa. The partnership opens up investments in Daystar Power’s solar power installations, previously limited to large-scale investors, to the wider public. ESI Africa reports that Daystar Power and Trine initiated their partnership by opening…
Slovak firm plans to assemble electric cars in Nigeria
Oke Peter with Agency Report Sirieco, a Slovak company plans to set up a plant in Nigeria, to assemble electric cars and manufacture the new-generation incandescent bulbs, the company’s CEO, Groidis Peter, announced during a recent visit to the West African nation. The plant will be located at Calabar in Cross River State, South-East Nigeria,…