Oxford Foundry and FMDQ Private Markets, a subsidiary of FMDQ Holdings Nigeria, have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
The International Renewable Energy Agency (IRENA) and the Electric Power Research Institute (EPRI) signed an MoU to advance the global electrification of the energy sector based on renewables and energy efficiency.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
AfDB and Ethiopia sign $118 million to support agro industrial park, youth employment and power interconnection
The African Development Bank Group (AfDB) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.
AfDB launches extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries
The African Natural Resources Centre of the African Development Bank (AfDB), has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization.
Kenya Electricity Generating Company (KenGen), has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
TotalEnergies partners with Technip Energies to advance low-carbon solutions for LNG and offshore facilities
TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.
Eni, Government of Kenya partner to promote decarbonization by strengthening cooperation in the sustainable bio-fuel value chain
Eni and the Ministry of Petroleum and Mining of Kenya signed a Memorandum of Understanding to promote the decarbonization process to tackle climate change through new industrial models of fully-integrated circular economy.
Distributed Power Africa (DPA), has been selected as one of the energy companies contracted for the installation of solar power for TotalEnergies Zimbabwe service stations across the country.
Galileo Technologies will supply Egypt with 500 CNG dispensers and 200 Microbox Core™ MX200 compressor packages. These will equip the service stations of NGVC and GASTEC, two partially state-owned NGV companies.
The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant in Malawi, by providing a revolving liquidity guarantee.
The new facility comes as part of Trina Solar’s commitment to further increase its footprint and presence in Africa to cater to the rapidly growing demand for solar energy in generating power for residential, commercial and industrial needs, in addition to farming and agriculture.
The Rural Electrification Authority of Zambia (REA) and REEEP signed a memorandum of understanding outlining a joint effort to leverage the Edison data platform, to monitor and support Zambia’s broader electrification efforts.
Government of Rwanda and the African Development Bank (AfDB) signed a financing agreement worth US$ 84.2 million (Approximately Frw 82.1 billion) to support Transmission System Reinforcement and Last Mile Connectivity Project.
Eni announced it has signed an agreement with the Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of projects for the production of hydrogen.
Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, announced the closing of a $20 million facility from International Finance Corporation (IFC).
The African Development Bank (AfDB), approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses.
To scale up clean energy production capacity in Gabon, IFC, the Government of Gabon, with the support of the Government of Canada, announced a financing package for the Kinguele Aval hydropower plant in Gabon.
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
Sasol and the Industrial Development Corporation of South Africa(IDC), concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa’s green hydrogen economy.
Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance.
The African Development Bank,AfDB, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
The Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
Kowry Energy wins Rolls-Royce Power Systems as an investor as it launches across Sub-Saharan Africa. The Berlin-based company will empower local, independent energy companies with decentralized energy systems.
[Senegal] La Fondation Sonatel dote le village de Déguerre un montant global de 300 Millions de FCFA
Conformément à sa mission première d’amélioration des conditions de vie des populations, la Fondation Sonatel inaugure son sixième projet « village », à destination des populations de Déguerre.
[South Africa] Karpowership denied environmental authorisation for development of gas to power via powerships
The Department of Forestry, Fisheries and the Environment has reached a decision on the three applications which were submitted in October 2020 by Karpowership for an environmental authorisation for the development of gas to power via powerships.
Canadian Solar secured a €50 million bilateral corporate facility with Banco Santander (Santander), to support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the EMEA region.
SAP SE has announced that Bboxx, a next generation clean energy and utility provider, has selected the Grow by SAP cloud offering to scale the business to meet its ambitious goal to solve energy poverty.
Schlumberger announced its commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050.
World Bank approves $168m financing for solar energy production, rural electrification in Burkina Faso
The World Bank approved financing of $75 million from IDA and $93 million from the Clean Technology Fund via the Sustainable Renewables Risk Mitigation Initiative (SRMI), to help increase access to electricity in rural areas in Burkina Faso.
AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo, marking the country's first utility-scale renewable energy project developed by an Independent Power Producer
FSD Africa Investments invests $4.5 million to support the scale up of off-grid energy access in African markets
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda.
KARMOL's first Floating Storage and Regasification Unit (FSRU), arrived in Dakar, marking a major step forward in KARMOL's LNG-to-Power project to supply reliable, affordable, and cleaner energy to Senegal.
Senegal’s PETROSEN and Cos-Petrogaz lay out gas strategy, reinforce partnership with African Energy Chamber
Senagal's Ministry of Petroleum and Energy, PETROSEN and Cos-Petrogaz laid out national gas and energy transition strategy with the African Energy Chamber (AEC), to enhance promotion and competitiveness in the gas and energy sector.
The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.
The African Development Bank approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program.
Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed global campaign to combat global warming, becoming the first public service agency in Kenya company to do so.
Globeleq, Africa’s independent power producer, announced it officially broke ground on the pioneering 19MWp solar and 7MWh storage power project at Cuamba in northern Mozambique.
The World Bank approved $200 million in International Development Association (IDA), funding to help Benin improve access to electricity services for households, businesses, and basic public services.
IFC and the Government of Niger announced a partnership under the World Bank Group's Scaling Solar program to develop up to 50 megawatts of grid-connected solar power, equivalent to roughly 20 percent of the country's current installed capacity.
The International Renewable Energy Agency (IRENA) and the Ministry of Energy, Mines and Environment (MEME) of Morocco agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition.
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announced that the joint venture partners on Block 11B/12B offshore South Africa are assessing the feasibility of an early production system.
GE releases position paper on accelerating South Africa’s energy transition with gas power and renewables
As South Africa is addressing climate change as an urgent priority with strong commitments on policy and regulation, General Electric, GE, has shared its position that the accelerated and strategic deployment of both renewable energy and gas power can make substantial progress in combating climate change.
Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites, Rystad reports
The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark.
Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures:
The company has so far drilled 29 metres against a possible maximum of 3,000 metres, further entrenching KenGen’s foothold in the Horn of Africa as a leader in geothermal energy production.
Gridworks, AEE Power and Eranove sign concession agreements with DRC on $100m solar-hybrid power project
A consortium led by Gridworks including Eranove and AEE Power, signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC).
With load shedding back and disrupting day to day life, compounded by consumers feeling the 15% increase on their electricity bill, alternative sources of energy are starting to look more attractive to South Africans.
Scatec has been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa.
The European Bank for Reconstruction and Development (EBRD), and the Green Climate Fund (GCF), are strengthening their cooperation by launching the new $1.01 billion “High impact programme for the corporate sector” to scaling up green financing.
Intertek, a Total Quality Assurance provider to industries worldwide, announced it has awarded Egyptian Natural Gas Holding Company (EGAS) with the globally-recognized ISO 50001 certification for Energy Management Systems.
Chariot completes acquisition of renewable and hybrid power developer focused on mining sector in Africa
Chariot Oil & Gas announced that further to the announcement on 23 March 2021 in respect of the acquisition of the business of AEMP, all conditions in the share purchase agreements and other related transactions agreements have now been satisfied.
ENGIE, Meridiam and FONSIS (Senegal's Sovereign Strategic Investment Fund), announced the commissioning of two photovoltaic power plants in Senegal.
During the Ordinary and Extraordinary Shareholders’ Meeting, Total shareholders approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies.
Tlou Energy, the company focused on delivering power in Botswana and southern Africa, announced it is developing a hydrogen strategy to complement the Company's gas-to-power project.
The African Development Bank (AfDB), and the Government of Tanzania have signed loan agreements totalling $140 million to finance the construction of the 50-megawatt Malagarasi hydropower plant in Western Tanzania.
Sustainable Energy Fund for Africa extends grant to speed countries’ energy transition ahead of COP26
The technical assistance grant, sourced through a SEFA Rapid Response Facility, will enable up to five African countries participating in a COP26 Energy Transition Council process to assess potential gaps in policy, regulatory and institutional frameworks.
Siemens Energy, partners inaugurate first industrial scale Green Hydrogen Project in the MENA region
Siemens Energy, in collaboration with Dubai Electricity and Water Authority (DEWA), and Expo 2020 Dubai, has inaugurated the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa (MENA), region.
Starsight Energy, the leading African Commercial and Industrial solar power provider, is delighted to announce the completion of a 950kW solar system for the Big Bottling Company plant in Ogun State, Nigeria.
Reliable and affordable energy sources of energy are key to the attainment of all the four stages of the EAC integration, namely the Customs Union, Common Market, Monetary Union and Political Federation.
The Department of Trade, Industry and Competition (the dtic) has released a Green Paper on the advancement of new energy vehicles in South Africa as part of a series of policy papers accompanying the 2021 Budget Vote for the Department.
After its launch in September last year, venture builder Satgana has announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport industry in the Global South by electrifying the motorcycle industry.
KBR announced it will be supporting the development of Nigeria's first ever Floating Liquefied Natural Gas (FLNG) facility, enabling economic growth and sustainability of the country's future energy supplies.
Ivanhoe Mines announced it has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo.
Coal mining company Seriti Resources confirms that all conditions precedent to its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled, and the sale is expected to be completed on 1 June 2021.
Maire Tecnimont announced that its subsidiaries MET Development, Stamicarbon and NextChem have started work on a renewable power-to-fertilizer plant in Kenya.
[Column] Amina Ali: South Africa should urgently move on gas monetization to solve its energy problems
As Southern Africa’s leading economy, South Africa should evaluate the development of gas-to-power projects to address climate change, increase its power generating capacity, and stop load shedding.
Mining company Centamin has awarded juwi and Giza Systems the engineering, procurement and construction (EPC) contracts for its 36 MW solar farm and 7.5 MW battery-energy storage system at the Sukari gold mine, Eastern Desert in Egypt.
The African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD), signed a memorandum of understanding (MoU), to promote sustainable private-sector development in Africa.
Revego Africa Energy Limited (Revego), has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million.
Starsight Energy announced its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia.
The 20MWac solar PV and 5MW/10MWh energy storage project is set to become a leading project in sub-Saharan Africa in demonstrating the value of solar PV coupled with energy storage.
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
Metito will boost its investments in Egypt through developing more sustainable projects and new technologies by securing additional liquidity and working capital.
Orange is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040.
Global law firm DLA Piper has partnered with Invest Africa, the trade and investment platform for African markets, to support the development of ESG best practice in African renewable energy projects.
At ZAR 11.6 billion total investment, the Redstone project is the largest renewable energy investment in South Africa to date.
Gold Fields Board of Directors gave the green light for the construction of a 40MW solar plant at the South Deep mine in South Africa. This follows the granting of a licence by the National Energy Regulator of South Africa in February this year.
Opportunities to scale up deployment of off-grid solar essential to unlock energy access across Africa were outlined by development finance partners ahead of the launch of a new study by the International Solar Alliance and the European Investment Bank.
IFC, a member of the World Bank Group, will provide Absa Bank with a loan of up to $150 million to support the bank's strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.
IFC and Ghana's Securities and Exchange Commission (SEC), announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.
Afentra (African Energy Transition), the upstream operator focused on opportunities in Africa, has been launched with a clear mandate to look at opportunities to invest in the energy transition in Africa.
Siemens Energy signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy technology and services to Atinkou, a new combined cycle power plant to be built in Jacqueville, Côte d'Ivoire.
Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, started development on the GASCO Dahshour gas compressor station (GCS) in Egypt.
An analysis of global electricity revealed that wind and solar showed resilient growth in 2020 despite the pandemic, forcing a record fall in global coal power.
Centamin announced it has awarded the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at the Sukari Gold Mine (the Sukari solar plant) to juwi AG and Giza Systems in Egypt.
The Arab Petroleum Investments Corporation (APICORP), estimates in its MENA Energy Investment Outlook 2021-2025, that overall planned and committed investments in the MENA region will exceed $805 billion over the next five years.
BioTherm Energy announced the completion of all four of its renewable energy projects in South Africa, with the latest project having come on stream in the Eastern Cape.
Global lithium battery manufacturer, RELiON Battery, announced its partnership with 1% for the Planet nonprofit organization, Kula Project, financing a brand-new women's center in Rwanda.
New International Energy Agency (IEA), report sees major expansion in electric vehicle adoption this decade, which could accelerate further if governments implement policies aimed at reaching net zero goals.
UAE-based Trina Solar, a leading global PV and smart energy total solution provider, has signed a distributor agreement with Solar Power Etal to supply Trina Solar’s products and solutions in Nigeria.
Team Europe backs new Guinea-Mali power line with €330m financing to provide clean, affordable energy in West Africa
Team Europe is backing the new Guinea-Mali 225 kV power line with €330 million financing to provide clean and affordable energy to millions in West Africa.
Abu Dhabi-based International Holding Company, IHC, is building a pioneering solar-powered irrigation system to drive increased energy-efficient agricultural production in Egypt.
Novarick Homes and Properties was established in 2018 as a real estate development firm, providing housing and investment solutions in Lagos, Nigeria
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
South Africa's Sasol to work alongside Linde, ENERTRAG and Navitas to explore potential of cleaner aviation fuels
Sasol announced it will work alongside a consortium comprising Linde, ENERTRAG and Navitas (LEN Consortium), to bid in concept for the production of sustainable aviation fuel under the auspices of the German Federal Government’s H2Global auction platform.
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.