Category: Alternative & Renewable Energy
IEA: Expensive energy threatens economic growth
By Tsvetana Paraskova Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the International Monetary (IMF) and OPEC that also expressed this week concerns about mounting challenges to economic and oil demand growth. Brent Crude prices…
How solar power is changing lives in Africa
The unrivaled, life-changing power of solar energy: battling climate change and accelerating socio-economic development Bouake, the second largest city of Cote d’Ivoire, suffered its first-ever shutdown of domestic water supply. The country’s dammed lake, which supplies 70 percent of the city’s water supply, completely ran dry. According to many experts, this was yet-again another consequence…
Anxiety over $200bn Saudi Solar Mega project
By Irina Slav A $200-billion solar power project that was planned to be the largest solar farm in the world might never happen, government sources from Riyadh told the Wall Street Journal. The Kingdom earlier this year announced the funding and a partnership with Japanese SoftBank as part of its Vision 2030 economic reform plan…
IEA reports targets energy transitions in G20 countries
The International Energy Agency (IEA) has released a set of reports on energy transitions in G20 countries, describing progress and challenges along the path towards modernising and diversifying their economies, while improving energy security. ESI Africa has reported. The reports also focus on challenges around energy access, improving air quality, as well as mitigating climate…
Electric vehicle charging solutions: Total acquires G2mobility, partners Nexans
Total has finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, Total is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services. A pioneer in the sector since 2009, G2mobility has developed and…
Uganda declares readiness for nuclear energy development
Speaking at the International Atomic Energy conference in Vienna, Austria, Simon Giu D’Ujanga, Uganda’s State minister for energy said the east African country is prepared to start the development of nuclear energy. According to the Monitor, D’Ujanga said the east African country has a strong case for the development of nuclear power as the demand…
Japanese firm secures contract for geothermal power project in Kenya
Headquartered in Tokyo, Japan, Fuji Electric Co. has been awarded a contract for a complete geothermal power facility for the Olkaria I Geothermal Power Station (Olkaria I) in Kenya. The contract was awarded by main EPC project contractor Marubeni Corporation owned by Kenya Electricity Generating Company (KenGen). Marubeni Corporation is headquartered in Chuo-ku, Tokyo and…
Angola receives renewable energy investments worth $1m
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $1 million grant to Independent Power Producers (IPPs) in Angola, in efforts to encourage private investment in renewable energy. The bank explained that the SEFA grant will be used to establish a one-stop shop unit known as the…
FCMB, OneWattSolar partner on Blockchain technology in energy access finance for Africa
By Oke Peter In demonstration of its commitment to the empowerment and realisation of sustainable energy, leading financial institution in Nigeria, First City Monument Bank (FCMB) in partnership with a solar solution provider, OneWattSolar have brought together experts in the field of renewable energy, solar systems, finance and Blockchain technology to discuss opportunities for innovative…
30,000 Zambian households gain access to energy
Within a period of nine months, 30,000 Zambian households have gained access to energy for the first time. This was achieved through the collaborative efforts between renewable energy company, Fenix International and telecom firm MTN. CEO of Fenix International, Lyndsay Handler, commented: “This marks a great milestone for the entire Fenix Zambia team. ReadyPay Solar…