Sharm El Sheikh, Egypt, May 25, 2023/ — The Africa Investment Forum presented four renewable energy and sustainability projects worth nearly $1.5 billion to investors on the sidelines of the African Development Bank Group’s 2023 Annual Meetings.
Category: Solar & Wind
Africa Day: Climate Activists Call For Removal of Barriers to Renewable Energy
Nairobi, Kenya// — As Africa celebrates Africa Day on May 25, 350Africa.org has unveiled the findings of research that reflects on the barriers of renewable energy and climate change policies in parts of West Africa.
Land: A Crucial Resource for the Energy Transition
As part of the European Green Deal the European Union set a binding target of achieving climate neutrality by 2050.1 More specifically, the Fit for 55 package sets an interim goal of reducing greenhouse-gas (GHG) emissions by at least 55 percent by 2030.
Burundi Commits to Double Solar Power Capacity
Johannesburg, South Africa// — Burundi has officially inaugurated the country’s first utility-scale solar field, as part of push to leverage renewable energy for improved access to electricity for homes and businesses.
Nithio Secures $3m Investment from Schmidt Family Foundation
San Franscico, California// – Nithio secured a $3M investment from the Schmidt Family Foundation to its investment vehicle, Nithio FI. Nithio is a leading investor in solar energy in Africa, known for its innovative approach to assessing credit risk.
Stalled Coal Power Projects in Africa Present an Opportunity For Clean Energy
Johannesburg, South Africa//- Less than 10 gigawatts (GW) of pre-construction coal projects exist in Sub-Saharan Africa and they face significant financial and other headwinds, signalling a potential pivot towards renewables, according to Global Energy Monitor’s ninth annual survey of the coal plant pipeline.
ENGIE Partners with CarbonClear to Finance Access to Energy Challenge in Africa
Brussels, Belgium// — A landmark partnership was signed today to foster the sustainable development and access to energy financing in Africa through the Voluntary Carbon Markets.
South Africa Needs More Wind Power Now to Tackle its Energy Crisis
Johannesburg, South Africa//-“…Persistent load shedding is impeding our recovery… We know that without a reliable supply of electricity, businesses cannot grow, assembly lines cannot run, crops cannot be irrigated, and basic services are interrupted”, said H.E. President Cyril Ramaphosa in his State of the Nation Address recently.
European Investment Bank and Kenya Strengthen Green Hydrogen Cooperation
The European Investment Bank. the world’s largest multilateral bank and leading global financier of renewable energy, will strengthen support for green hydrogen investment in Kenya.
Brief Look at Renewable Energy Projects in Ghana
To construct, transfer or acquire a renewable energy project, an investor or owner would require approval from the Energy Commission. Prior to constructing a renewable energy project, investors would have to put in an application for the requisite licence required for the renewable energy project in question.