According to the latest data sets from the Outlier, South Africans were forced to endure the highest degree of loadshedding on record last year. In 2022, citizens experienced 205/365 days of loadshedding – mostly between stages 1 and 4. While glaring, this pales in comparison to 2023, with daily blackouts across 335 days, comprising mostly stage 3 to 6 levels of loadshedding.
In African countries, particularly those with a well-developed industrial sector, a significant portion of energy production may come from the industry’s own power plants. This is especially true in countries where the reliability of the grid is low, and industries rely on self-generated power to ensure a stable energy supply. In this article, we are offering insights into our approach in supporting energy-intensive industries to optimise the use of renewable energy and reach their decarbonisation objectives.
Owendo Mineral Port (OMP), part of the pan-African group Arise Ports & Logistics, and British International Investment (BII), UK’s development finance institution and impact investor, announced a significant commitment to sustainable development with an investment of 2.6 million USD.
Meeting last week in Abuja and Lagos for the 2023 Energy Transition Forum, Nigeria’s leading energy experts have outlined the country’s roadmap to decarbonisation, and discussed what it will take to deliver universal access to clean energy for Nigerian households and businesses.
With the recent unprecedented changes in climate (with extreme weather events becoming more frequent and intense; the recent flooding in New York city, followed by the devastating storms and floods in the Western Cape) and as the climate continues to change, the infrastructure that we have long depended on is showing signs of strain. On that, it’s now more important than ever for South Africans to be choosing solar energy, being a clean and renewable source, as it not only reduces our dependence on fossil fuels but also ensures that we leave a healthier planet for future generations.
The opportunities for building a sustainable future for Africa are at least as great as the challenges, writes Christian Toben, Head of Financial Institutions for Emerging Markets at Commerzbank. Here, he discusses some of the positive initiatives that are helping to drive forward the continent’s ESG agenda and the crucial role of financial institutions in supporting Africa’s potential to step onto the global stage as a green energy hub.
d.light, the global provider of transformational household products and affordable finance for low-income households, today announced a $30 million securitization facility has been successfully secured from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the capability to purchase up to $125 million of receivable assets.
In the heart of Africa, where the vast expanse of wilderness intertwines with rural simplicity, the first rays of the rising sun embroider intricate patterns of light and shadow. As the golden luminescence ripples through the dew-laden foliage, it awakens a world far removed from the frenetic pulse of urban cities.
The growing focus on energy transition can benefit Africa in numerous ways, including that the continent is already in the process of harnessing its vast supply of renewable energy to generate power, and is also gearing up to increase trade in its large store of critical minerals, needed for the global energy transition.
Wale Yusuff, the Managing Director of Wärtsilä in Nigeria, explains how businesses operating in energy-intensive industries like cement or steel are investing in flexible engine technologies to secure reliable and efficient power while also setting the perfect stage to make good on their decarbonisation objectives. Nigeria is a major industrial hub. It is home to […]
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 […]