Gaia Fund Managers announces the launch of South Africa’s first specialist real estate investment trust (REIT) investing in on-site private electricity generation for commercial and industrial clients. In a first round of fundraising, Gaia Renewables REIT – as the fund is called – aims to attract R500 million from institutional investors, high-net-worth individuals, and family offices. The fund will allow […]
Category Archives: Energy
Africa: Energy, Renewable Energy, Green Energy, Gas, Oil, Electricity
Energy
Unlocking the potential of Africa: The Neutrino Energy Group’s Pursuit of Strategic Partnerships
The Neutrino Energy Group is revolutionizing energy production with groundbreaking technologies and strategic partnerships In recent years, there has been a surge in the demand for sustainable energy solutions as the world grapples with growing environmental challenges and an increasing global population. Neutrino energy has emerged as a potentially limitless source of clean, renewable power, […]
They ability of engine power plants to run on green hydrogen fuel rather than gas or heavy fuel oil will be a key enabler of Africa’s renewable energy ambitions. The technology group Wärtsilä and WEC Energy Group have successfully tested the capabilities of a Wärtsilä engine running on 25 vol% hydrogen-blended fuel. The tests, which […]
by Marc Thiriet, Director, Africa, Wärtsilä Energy Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only achievable, they also represent the soundest and cheapest […]
Energy, South Africa News
South Africa: Two birds with one sunbeam – ESG windfall with the expanded renewable energy tax incentive
By Tsanga Mukumba, Associate, and Jordan Moonsamy, Candidate Attorney, and overseen by Kieran Whyte, Partner, Head of Projects, and Virusha Subban, Partner, Head of Tax, Johannesburg. The introduction of an augmented and accelerated capital expenditure deduction for the cost of constructing renewable energy infrastructure in South Africa is a boon for companies that have not yet reached their […]
Leading Cleantech company becomes Africa’s first solar company to provide quality energy access for Africans. PAM Africa, a renewable energy company that provides quality energy access through Solar PV, Grids, Batteries, and Innovation, has today announced the launch of their Net-Zero Villages – a groundbreaking approach that consists of a community that is designed with […]
By Nonhlanhla Ntuli Eskom recently announced the implementation of stage six loadshedding and the National Energy Regulator of SA approved an 18.65% tariff hike by Eskom for the 2023/24 financial year. This as government has pleaded with consumers to reduce their electricity consumption. According to the EskomSePush app, the struggling power utility implemented 3 776 hours […]
The seventh edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will run from 13-17 February at the Eko Convention Center in Lagos. The event will offer a host of B2B networking and partnership opportunities to drive regional collaborations through a week-long programme of activities. The conference will be hosted by the Petroleum […]
Energy, Events, South Africa News
Energy to shape the economic future of Africa’s automation and manufacturing industries
SA’s leading trade conference looks for real answers to hard questions from industry experts The importance of energy security in shaping South Africa’s economic future is a key focus at the Africa Automation and Technology Fair (AATF), the continent’s most comprehensive and focused automation platform. Taking place between 9-11 May 2023 at the Johannesburg Expo Centre […]
Energy, Uganda News, Zambia News
Evaluating the Continued Need for Liquidity Instruments for IPPs as ATI Closes Phase 1 of its Regional Liquidity Support Facility (RLSF)
By Obbie Banda – Underwriter | Acting RLSF Coordinator, African Trade Insurance Agency (ATI) The African Trade Insurance Agency (ATI) issued the fifth policy under its Regional Liquidity Support Facility (RLSF) in support of the 7.8 MW Nyamwamba II Run-of-the-River hydropower plant in Uganda on 19 May 2022; closing Phase 1 of RLSF, a liquidity instrument jointly founded […]
Energy, South Africa News
A new year’s resolution for SA’s energy crisis – and why international organisations hold the key to an accelerated Just Energy Transition
By Alana Kruger, Knowledge Transfer Manager for South Africa at Innovate UK KTN Global Alliance Africa. According to leading lifestyle magazines and spiritual gurus, 2023 is a year for self-reflection, intuition and analytical enlightenment. It also marks 16 years since South Africans first experienced loadshedding – an unwelcome and common occurrence that continues to this […]
Over 640 million Africans do not have access to power, making Africa the continent with the lowest electricity access rate in the world. In sub-Saharan Africa (excluding South Africa), the per capita energy consumption is 180 kWh, compared to 13,000 kWh in the United States and 6,500 kWh in Europe. Energy access is critical for […]
by Sven Lindström, CEO, Midsummer Industry veteran Sven Lindström, CEO of Swedish solar energy leader Midsummer, has predicted New Year’s energy trends since 2014 – often highly accurately. Again gazing into the crystal ball, this is what he sees as the three strongest trends in renewable energy as we move into 2023: Exactly a year […]
By Josephine Wawira Kigali, a city that rhythms with African charm, prides itself on biodiversity so well maintained, sprawling over green valleys and ridges, the capital of the land of a thousand hills, Rwanda. I am here for the annual World Circular Economy Forum (WCEF), and like millions of other people who have visited Kigali, […]
Kieran Whyte, Partner and Head of the Energy. Mining & Infrastructure Group, Baker McKenzie, Johannesburg During the World Leaders’ Summit at COP 27 in November 2022, South African President Cyril Ramaphosa launched the new Just Energy Transition Investment Plan (JET IP) for South Africa. It was at COP 26 in November 2021, that it was […]
Bitgreen joins the mission by aiming to raise $10M in debt financing through its blockchain platform for the Betmai Hydroelectricity Facility backed by Sewa Energy Resources, the Rockefeller Foundation, Bezos Earth Fund, and IKEA Foundation Bitgreen, the company building blockchain’s epicenter for sustainability, partners with green infrastructure developer Sewa Energy Resources (SERL) and international climate […]
The majority of Africans lack access to modern conveniences like electricity. Thankfully, the “The We Give Light” foundation plans to donate 1 billion euros to the development of decentralized energy in Africa in order to provide the continent with renewable, decentralized, climate-friendly energy. These distributed energy systems are scheduled for development between 2023 and 2026. […]
Energy, Kenya News, Nigeria News, Togo News, Zimbabwe News
‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27
More than 600 million African people go without access to electricity, and more than 900 million are without safe cooking facilities. At the COP27 climate summit now happening in Egypt, Power Up – a new campaign with over 45 member organisations, is amplifying marginalised African voices in pursuit of funding for green affordable energy, particularly for frontline organisations powering […]
Energy, Mozambique News
Renewables are the best option for Mozambique’s power mix, finds Wärtsilä report
Wärtsilä is a global technology group that has a lot of experience with African energy markets. In their study, they looked at two separate scenarios for expanding the Mozambican power system. The aim was to assess the financial and environmental impact of one key parameter: how much renewable energy capacity should be built in each […]
Angola News, Energy
AOG 2022 Presents A Great Opportunity To Invest In Angola’s Oil And Gas Future – Nj Ayuk
Now more than ever is the time to invest in Angola’s energy industry and drive inclusive and sustainable economic growth on the back of oil and gas. At a time when global markets are turning to African oil and gas, Angola has emerged as a highly attractive investment destination among international players, with the country’s […]
The future of Nigeria’s natural gas industry looks promising, despite current production levels and limited infrastructure, according to a new report from African investment research agency Hawilti. While European markets are currently the main consumers of Nigerian gas, Hawilti’s report highlights the potential for growth in the domestic market. With demand expected to rise, investing […]
Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change […]