Germany’s power market is in the midst of a significant transition. Demand continues to fall despite normalizing prices, and retired coal and nuclear capacity mean the European giant is now heavily reliant on imports from its neighbors. But it’s not all bad news for the sector. Rystad Energy projections show Germany will surpass its policy […]Read More
The Rural Electrification Agency (REA) has entered into a Memorandum of Understanding (MoU) with five companies specializing in renewable energy to improve access to electricity in Nigeria. This collaboration is expected to provide a combined capacity of 1,265 megawatts (MW) from renewable sources. The agreements were made between REA and five companies: A4&T Power Solutions, […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
All On, a Shell-funded Nigerian impact investment company, has awarded a $395,000 grant to Ceesolar Energy Limited in an effort to promote sustainable development and economic growth in the Niger Delta. All On, in a statement released on Thursday, said the investment marks the first beneficiary of the Niger Delta Grant program, a collaborative initiative […]Read More
The Board of Directors of Seplat Energy has appointed Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief Financial Officer effective May 21, 2024. According to the board, Emeka Onwuka is set to retire as Executive Director of Seplat Energy effective May 1, 2024. The board revealed previously in the half-year 2023 financial […]Read More
The World Bank and the African Development Bank (AfDB) have announced plans to come together and provide access to energy for 300 million Africans by 2030. According to the Banks, the plan will cost around $30 billion and is to be funded by the World Bank through the International Development Association (IDA) and the AfDB […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has mandated all electricity distribution companies (DisCos) in Nigeria to procure at least 10 percent of their contracted energy offtake from embedded generation sources, half of which must be procured from renewable energy sources. This is expected to be made available by April 1, 2025. For example, Abuja Disco […]Read More
Egypt has inked seven memoranda of understanding (MoUs) with international developers in the green hydrogen and renewable energy domains. These agreements, poised to attract investments totaling approximately $40 billion over the next decade, mark a pivotal step in Egypt’s ambitious green energy agenda. According to Planning Minister Hala al-Said, the investment landscape is set to […]Read More
Eskom, South Africa’s main power supplier, recently announced the expiration of budget quotes for integrating four projects into the grid under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). Initiated in 2020 to tackle the country’s energy issues, RMIPPPP sought to secure 2,000MW from diverse dispatchable technologies, such as gas, solar PV, wind, battery […]Read More
IDCOL and the Ethiopian Ministry of Water & Energy joined forces on December 22, 2023, in Addis Ababa, sealing a significant deal for Advisory Services to drive the implementation of the Solar Home System program. Sultan Welle Ahmed, the state minister for Energy Development in Ethiopia, and Shibli Mohammad Faiz, VP & unit head of […]Read More
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