Category: Alternative & Renewable Energy
Fourth United Nations Environment Assembly holds in Nairobi March 11
Heads of State, environment ministers, environmental activists and innovators, non-governmental organisations and chief executive officers of multinational companies will once again gather to discuss and make global commitments to environmental protection at the world’s highest-level environmental forum, Fourth United Nations Environment Assembly in Nairobi, Kenya between March 11 and 15, 2019. The week-long Assembly will…
Another EV giant enters the battery business
German auto maker giant Volkswagen has just upped its bet on electric vehicles (EVs) by announcing it will begin manufacturing batteries and charging stations for those cars, which the company plans to also start mass producing soon. The Wolfsburg-based company said it would invest 870 million euros (about $985 million) by 2020 to develop e-vehicle…
Egypt set to build one of the world’s largest solar parks
By Sean Fleming At a site in the Western Desert, some 650 kilometre south of Cairo, one of the world’s largest and most ambitious solar energy projects is underway. The Benban Solar Park will produce enough electricity to power one million homes. But more than that, it is part of a whole new strategy for…
Hybrid power solutions market to cross $60bn by 2024
By Prajakta Khandagale The hybrid power solutions market is forecast to register its name in the billion-dollar fraternity down the line of six years, by exceeding a revenue of $55 billion by 2024 with a projected CAGR of 18.5 per cent over 2018-2024. This is according to a recent industry report put forward by Global…
Environmental laws record growth despite weak enforcement —UNIPCC
The first-ever global assessment of environmental rule of law finds weak enforcement to be a global trend that is exacerbating environmental threats, despite prolific growth in environmental laws and agencies worldwide over the last four decades. Despite a 38-fold increase in environmental laws put in place since 1972, failure to fully implement and enforce these…
Our Concentrated Solar Power has the world’s highest storage hours —Cerro Dominador CEO, Fernando Gonzalez
Fernando Gonzalez is the Chief Executive Officer (CEO) of Cerro Dominador, a Concentrated Solar Power (CSP) Photovoltaic Plant in Chile, Latin America. He has over 20 years experience in the power industry, having worked at Private Equity, Fortune 500 and accounting firms in the United States of America (USA), United Kingdom and Argentina. Fernando will…
BBOXX secures $31m for expansion into Kenya, Rwanda and Congo
By Kimani Chege United Kingdom renewable energy company, BBOXX, has landed a USD 31 million financing deal with Africa Infrastructure Investment Managers (AIIM) to expand operations in East Africa. Also, 10 million people will gain energy access following a deal between BBOXX, a next generation utility platform, and Africa Infrastructure Investment Managers (AIIM). AIIM, though…
World Bank launches $50bn for climate change
The World Bank Thursday, unveiled its approved Action Plan on Climate Change Adaptation and Resilience covering a period of five years. Under the plan, the bank will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. According to the bank, this financing level, an average of $10 billion a year is more…
Electric Jaguar I-Pace voted Norway’s ‘Car of The Year’
By Bennett OghifoThe all-electric Jaguar I-PACE has been awarded Norwegian Car of the Year 2019. Eight expert jurors voted for Jaguar’s first electric vehicle (EV) against eight other finalists, including the Volvo V60, Nissan Leaf and Ford Focus. The jury, which included a racing driver and industrial designer as well as automotive journalists, evaluated all…
UK pledges £100m to renewable energy projects in Africa
By Simone RenschThe UK has pledged £100m extra funding to renewable energy projects in Africa giving hundreds of thousands access to electricity, the government has announced. This triples the funds for the Renewable Energy Performance Platform (REPP) and will support up to 40 more renewable projects over the next five years in Sub-Saharan Africa, the…