Africa Energy Archives - AfricaBusiness.com

15Oct

By Africa BusinessNo Comments

Energy, Mozambique News

Innovating Mozambique’s Energy System Through Technical Capacity Enablement

According to a recent McKinsey report, global energy demand is projected to rise substantially, potentially increasing by up to 18% by 2050, largely driven by emerging economies, including Africa. Despite this growth, per capita energy consumption in these regions is expected to stay below that of developed markets due to ongoing energy efficiency initiatives. Additionally, technological advancements, including AI and the expansion of data centres, are anticipated to play a major role in fuelling the global increase in energy demand. Mozambique has the largest power generation potential of all Southern African countries, with the capacity to generate 187 GW of power from coal, hydro, gas, solar, wind, and other renewable sources, according to Deloitte’s Africa Energy Outlook Report 2024. ...

15Oct

By Africa BusinessNo Comments

Energy

URGENT ACTION NEEDED TO MITIGATE ENERGY BLACKOUT THREAT TO FOOD SUPPLY CHAIN RESILIENCE IN AFRICA

The Global Cold Chain Alliance (GCCA) is calling for urgent policy action to allow temperature-controlled logistics operators in Africa to boost food supply chain resilience in preparation for future energy blackouts and load-shedding. The call comes as GCCA Africa publishes a new report which shows the adverse effects of blackouts and load-shedding on the temperature-controlled storage and transportation operations which are critical to food and pharmaceutical supply chains. The report, ‘Strengthening Cold Chain Resilience Amid Rolling Energy Blackouts aka Load-shedding’, was commissioned by the Advisory Committee of the Global Cold Chain Alliance Africa, and conducted by Tutwa Consulting Group. The report shows that the resilience of the cold chain is threatened by energy challenges su...

15Oct

By Africa BusinessNo Comments

Energy

Africa’s renewable resources can transform domestic and global energy supply, says investment bank

The continent represents a largely untapped white space, restricted by energy poverty and a lack of infrastructure The International Energy Agency (IEA) estimates $110 billion will be invested in energy across Africa in 2024, as global players leverage the continent’s potential for solar, wind and natural gas production. Continued growth is dependent on significant investment, targeted at improving African energy infrastructure and human skill sets to support the global energy transition from fossil fuels to renewables. According to Risana Zitha, Managing Director and Head of Africa at investment bank DAI Magister, emerging technologies, falling costs and digitalisation are paving the way to a profitable renewable business case across Africa. However, to successfully leverage this pote...

3Jun

By Africa BusinessNo Comments

Business, Energy, Main

Resolving infrastructure and energy disputes in sub-Saharan Africa

By Mouhamed Kebe, Court Member of the ICC International Court of Arbitration. Managing Partner of Geni & Kebe Africa has the world’s lowest use per capita of modern energy. As its population and incomes grow, demand for modern energy continues to expand. Africa is a continent with huge reserves of oil and gas, with a large capacity for green energy, but more than 600 million people do not have access to electricity. The need for infrastructure buildings and projects are higher than in any other region in the world, and therefore the energy and infrastructure sectors are of paramount importance given their key role for economic and social growth. Another key factor for the continent is the global energy transition. According to the African Development Bank, the continent needs to alloc...

12Feb

By Africa BusinessNo Comments

Energy, South Africa News

Daily power cuts tripled in 2023: SA government must deploy subsidised smart tech solutions in evolutionary next step to maximise energy efficiency in 2024

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. Not only does this indicate a shocking 73% increase in power cuts year on year, but the number of times the power has gone off each day has almost tripled. While our national government has developed the appropriate legislation to promote the uptake of solar power with tax rebates on solar panels (offering buyers a potential 25% rebate on the cost of new and used solar panels), little has been done to promote the ro...

Acumen Launches New Hardest-to-Reach Initiative to Achieve Universal Energy Access

4Dec

By Africa BusinessNo Comments

Energy

Acumen Launches New Hardest-to-Reach Initiative to Achieve Universal Energy Access

Hardest-to-Reach is the First Blended Finance Initiative Exclusively Dedicated To Expanding Clean And Affordable Energy Access In Africa’s Underserved Markets Today, Acumen launched Hardest-to-Reach, a $250 million initiative to activate clean energy markets in Africa’s underserved geographies. Critical to achieving universal energy access, the initiative was unveiled at the SDG7 Pavilion at COP28 alongside key supporter the Green Climate Fund (GCF). It will build on Acumen’s success of providing energy access to low-income communities living beyond the grid in sub-Saharan Africa. Hardest-to-Reach is the first blended finance initiative exclusively dedicated to expanding clean and affordable energy access for low-income people in neglected markets in Africa. Additional key funders includ...

The Energy Loom: Crafting Africa’s Green Transition with Precision

12Sep

By Africa BusinessNo Comments

Energy

The Energy Loom: Crafting Africa’s Green Transition with Precision

By Louis Strydom, Director of Project and Market Development, Europe and Africa, Wärtsilä The global discourse's broad-brush strokes must make room for the local reality's fine detail. The call for a green revolution is no longer a distant echo; it's the resounding demand of the present. Much like an artisan weaver poised before a complex loom, the world faces the task of crafting a grand tapestry of sustainability. Each thread must be carefully selected and interwoven into this tableau, from the existential reality of climate change to the urgency to transition from carbon-heavy energy dependencies. However, to ensure the tapestry's strength, we must delve beyond broad strokes and platitudes, using strategic designs with precision and foresight. Africa finds itself in a unique position...

21Jun

By Africa BusinessNo Comments

Energy

Boosting Africa’s energy transition – initiatives, funding and investment

By Kieran Whyte and Angela Simpson, Partners, Johannesburg; Lamyaa Gadelhak, Partner, Helmy, Hamza & Partners, Baker McKenzie Cairo; Adnan Doha, Partner, Baker McKenzie Dubai; and Matthew Martin, Foreign Legal Specialist, Baker McKenzie North America. Forty-three per cent of Africa's population does not have access to electricity, mostly in sub-Saharan Africa, according to a recent report by the International Energy Agency. Increasing access to a clean, decarbonized, decentralised energy supply is therefore critical for the continent. 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 ...

31Oct

By Africa BusinessNo Comments

Energy, Ethiopia News, Kenya News

Underwriting facility set to energise geothermal development in Kenya and Ethiopia

FSD Africa, the UK Government’s flagship financial sector programme in Africa, and Parhelion, a UK-based specialist energy and climate risk finance advisory company, have today announced plans to launch a first-of-its-kind underwriting facility, backed by East African insurers, to de-risk early-stage development of geothermal energy projects with the capacity to significantly expand electricity access and energy sector resilience in Kenya and Ethiopia. The need The energy sectors in Kenya and Ethiopia face several systemic issues: Large numbers of people continue to live without electricity — 12.5 million in Kenya and 42 million in Ethiopia are still unconnected. Growth in energy demand is outstripping supply — Kenya’s power demand is growing 20% faster than GDP, while recent a...

Zimbabwe’s Largest Tea Producer Implements Microgrid from DHYBRID and Blockpower

1Oct

By Africa BusinessNo Comments

Energy, Green Energy, Zimbabwe News

Zimbabwe’s Largest Tea Producer Implements Microgrid from DHYBRID and Blockpower

Project to be showcased at EM-Power in Munich, Germany, October 6-8, 2021 Tanganda Tea Company Limited, Zimbabwe's largest tea producer and one of the largest on the African continent, uses its own microgrids at Tingamira and Jersey sites for secure and environmentally friendly energy supply since July 2021. The system consists of a megawatt-class solar plant, a lithium-ion energy storage system, and three diesel generators. It was implemented by DHYBRID and its partner, South African renewable energy specialists Blockpower. In addition to tea and coffee, avocados, and macadamia nuts are grown on site. "Sustainable production across the value chain is becoming increasingly important for companies like Tanganda. This includes a climate-friendly and reliable energy supply. Solar hybr...