Category: Alternative & Renewable Energy
REA inaugurates Nigeria’s first solar hybrid project
By Oke Peter Nigeria’s Vice President, Yemi Osinbajo, has inaugurated the Nigeria’s first 2.8MW solar hybrid power project at Alex Ekwueme Federal University, Ndufu-Alike Ikwo in Ebonyi State. The project falls under the Energising Education Programme (EEP) of the Federal Government, which was implemented by the Rural Electrification Agency (REA). The clean-generated power will provide…
Saudi Arabia’s Solar City disaster
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by Libya, and continuing tensions in the Persian Gulf, oil prices saw the largest daily loss in years on Thursday after President Donald Trump tweeted that his administration would be putting…
‘In a moment of urgency, put energy efficiency first’
Energy efficiency is the most cost-effective way to achieve economic growth, decarbonise economies and meet the goals of the Paris Climate Agreement, write Kim Fausing and Rachel Kyte. As the world increasingly benefits from the price revolution in renewable energy and the world’s largest investors come to grips with the phase-down of fossil fuels, it…
Schneider Electric, partners launch ‘Powering Job Campaign’
Schneider Electric in partnership with PowerForAll and Rockefeller Foundation earlier this week in Abuja launched a campaign to develop human capital towards curbing a widening unemployment gap in the power sector. The powering jobs campaign became a necessary sequel to a recent study by PowerForAll which revealed that there is an urgent need to develop…
Kenya launches Africa’s largest wind power plant, plans to go 100% Green Energy by 2020
Kenya has unveiled Africa’s largest wind power plant with plans to go 100 percent green energy by 2020. President Uhuru Kenyatta disclosed this on at the unveiling ceremony of the wind power plant on Friday. The project, according to President Kenyatta, will position the East African economic powerhouse on the pathway to becoming a global…
Economic disruption: How the energy revolution will affect Nigeria
To understand the implications of the world’s changing energy demands, and the eventual change in geopolitics for Nigeria, we need to understand how our relationships with key economic partners like US, China, Europe and India will change. As the US has most of the other commodities Nigeria produces and Nigerians cannot afford most American produced…
Shell Foundation, Rockefeller to support $11bn African mini-grids fund
Plans have been concluded by the continent’s first mini-grid financing facility, Crossboundary Energy Access, to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Fundraising has proven difficult to date, with the CBEA pointing out solar mini-grids, like all energy projects require a significant upfront investment and yield…
Nigerian solar energy firm, Arnergy closes $9m Series A round
A Major Milestone for Local Energy Companies Nigerian solar energy company, Arnergy has closed a $9 million Series A round led by Breakthrough Energy Ventures with participation from All On Energy, ElectriFI and Norfund. The company will invest the funds to fuel its commercial growth with new business models and partnership opportunities, as well as…
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…