Category: Alternative & Renewable Energy
CBEA earmarks $60 million for the deployment of Engie’s solar mini-grids in Nigeria
CrossBoundary Energy Access (CBEA) and Engie Energy Access are joining hands for electrification in Nigeria. The two companies are committed to developing a portfolio of grid-equipped solar mini-power plants for the electrification of rural communities. Engie plans to deploy mini-grids to power 150,000 people.
REA launches Africa Minigrids Program to expand energy access across Nigeria through increased financial viability and scaled-up commercial investment
The programme aims to support access to clean energy by increasing the financial viability, and promoting scaled up commercial investment, in renewable energy mini-grids, with a focus on cost-reduction levers and innovative business models.
Mini-grids supported by Universal Energy Facility deliver first electricity connections in Madagascar
This is an important milestone in the history of the Universal Energy Facility,” said Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All and Co-Chair of UN-Energy.
EU approves €5.2bn state aid for hydrogen projects
Second wave of projects approved under IPCEI scheme covers 3.5GW of electrolysers
Renewable energy firm set to transform one billion lives globally by 2030
The bottom line is that Nigeria does not have enough power generated as of now. And even if we have it, we do not have an extensive distribution network to take power to the last man.
Starsight Energy and SolarAfrica join forces to become Africa’s largest C&I developers
SolarAfrica has already positioned itself as a competitive player in the newly enabled power wheeling space, having recently signed up large blue chip customers. The group is now well positioned to service large power users with a lower cost electricity alternative from a recently developed centralised solar generation site, taking advantage of South Africa’s newly revised regulations permitting wheeling and self-generation of up to 100MW by private generators. In 2021, SolarAfrica was named the continent’s leading solar energy firm, scooping the Africa Solar Industry Association’s African Solar Company of the Year award.
Fossil fuels still a stumbling block to a just energy transition —UN
Guterres emphasised that renewables are “the only credible path” to real energy security, stable power prices and sustainable employment opportunities He also maintained that the share of renewables in global electricity generation must increase from nearly 30% today to over 60% in 2030 and 90% in 2050.
World Bank Group exceeds new climate finance target – $31.7 billion in funding for climate action
The World Bank Group is committed to supporting developing countries to mitigate greenhouse gas emissions and increase resiliency to climate impacts, while also meeting core development priorities. This is the central approach of the Bank Group’s Climate Change Action Plan, 2021-25, which is already delivering results.
Husk Power Systems and Hotspot Network set to take mobile towers off-grid in Nigeria
Husk Power Systems and Hotspot Network to take mobile towers off-grid in Nigeria By Theresa Smith An energy services company and a telecommunications service provider are teaming up in Nigeria to transition mobile cell towers from diesel to solar and bundle electricity and connectivity solutions for off-grid communities. Husk Power Systems and Hotspot Network have…
InfraCo invests $43m into climate, energy access and resilience
This announcement follows on from this commitment to address the growing demand from domestic and international investors for sustainable investment opportunities across Africa. Drawing on PIDG and Helios’ distinctive blend of private sector development and investment expertise and track record of delivering impact in Africa, CLEAR will fund climate-aligned assets and growth opportunities whilst also contributing towards the achievement of the UN Sustainable Development Goals.