Category: Alternative & Renewable Energy

A recent study performed by the International Renewable Energy Agency (IRENA), says that hydrogen produced from renewable energy could enable large amounts of power to be channelled into sectors otherwise difficult to decarbonise through electrification. “Hydrogen could, therefore, be the missing link in the energy transition,” the agency said. The target sectors have been highlighted…

By Haley Zaremba An international team of scientists has made a major breakthrough for the future of sustainable fuel. They achieved this major milestone by copying the methods of some of the cleanest energy producers on the planet—plants. Scientists from the University of Cambridge and the Ruhr University Bochum have discovered a new technique that…

It has been recorded that solar installations in India in Q2 2018 were at the lowest level since Q1 2017 with 1,599MW, a 52% decrease compared to 3,344MW installed in Q1 2018. This is according to Mercom India Research’s newly released Q2 2018 India Solar Market Update. The report noted that installations were also down…

By Oke Peter It was a gathering of renewable energy stakeholders, energy firms, Small and Medium Enterprises (SMEs) and entrepreneurs at the ‘Blockchain Networking Event’ organised by the First City Monument Bank (FCMB) in Lagos, on Wednesday, as experts discussed how ‘Blockchain Technology’ could enhance energy access in Nigeria.   The aim of the programme, organised…

By Oke Peter In its efforts to build on the success recorded at the recently-concluded Sustainable Energy Finance Workshop (SEFi 2018), First City Monument Bank (FCMB) has announced that it will hold a ‘Blockchain networking event’ aiming to improving participants’ knowledge of blockchain technology as a useful tool for Renewable Energy Solutions. The networking event…

In a rare feat, a Nigerian power production company, Top Two Group, is to build a 5-megawatts capacity power plant for a South African company, Country Bird Holdings, owners of Valentine Chickens Farms in Songa, Kwara State. Electricity Under the Memorandum of Understanding already signed between the Nigerian company and the South African entity, Top…

The Djermaya solar project, represented by its majority shareholder InfraCo Africa, recently signed a 25-year power purchase agreement with the Ministry of Energy and SNE, the national power utility company. This contract marks a key step in the development of the solar plant as it allows the project to obtain the necessary funds to finance…

By Oke Peter An international end-to-end solar provider headquartered in Dubai, UAE, Phanes Group, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For…

By Energy Worth In its determination to enhance its Corporate Social Responsibility (CSR), the First City Monument Bank (FCMB), has organized a workshop on Sustainable Energy Finance (SEFi). The programme was arranged by the FCMB in partnership with the International Finance Corporation (IFC) and the World Bank. The event was held at the Civic Centre,…

With the current administration’s commitment to economic diversification, and its huge dependence on mining, the sector is not expected to only develop, but to contribute meaningfully to government coffers in taxes and other levies, STANLEY OPARA writes. Today the mining sector accounts for 0.3 per cent of national employment, 0.02 per cent of exports and…