africa renewable energy Archives - Page 2 of 2

Renewables are the best option for Mozambique’s power mix, finds Wärtsilä report

8Nov

By Africa BusinessNo Comments

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 year leading up to 2032. Mozambique's energy authorities face a pressing challenge: ensuring that the entire population has affordable and uninterrupted access to electricity over the next decade. To meet the projected 1.3 GW of electricity peak demand increase by 2032, Mozambique must build significant new power capacity. A further 2 GW would be needed to support the planned development of the Beluluane Industrial Park in the Maputo province by 2037. However,...

30Oct

By Baker McKenzieNo Comments

Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

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 Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

3Dec

By Africa BusinessNo Comments

Energy, Green Energy, Kenya News

A Just Transition to Climate Resilience Could Transform Kenya into a Green Powerhouse

The Continent Is Highly Vulnerable to Climate Change, However, and Needs Significant Global Investment to Adapt to Higher Temperatures, Build Low-Carbon Economies, and Create Local Green Employment African countries face major climate-related challenges, but at the same time they have the opportunity to achieve sustainable low-carbon economies, according to a new report by Boston Consulting Group (BCG). The report, titled “Building a Climate-Resilient, Low-Carbon, Job-Rich Africa,” identifies particular disadvantages that countries on the continent must overcome but also their potential to become a model for transforming a power system based on fossil fuels to one based on renewables. Although Africa was responsible for only 4% of global CO2 emissions in 2019, it accounts for 35 of the 5...

22Oct

By Ogi Williams and Jacques Du PreezNo Comments

Energy

African Oil & Gas: Evolving the industry post Covid-19

By Ogi Williams and Jacques Du Preez The following paper provides excerpts from Johannesburg-based consulting firm In On Africa’s 2021 African Oil and Gas report. The post Covid-19 period has pushed Africa's oil and gas industry to adapt to a very different paradigm and one revolving around hydrocarbon divestment and increased renewable energy focus. As the pandemic and related financial fallout drove oil prices down and well beyond sustainable thresholds during 2020, projects across the continent were delayed or abandoned entirely. This has been compounded by the growing risks to financing posed by the global divestment movement, with some of the continent's largest financiers announcing a gradual draw down on hydrocarbon financing. One silver lining amid this uncertainty is the renewe...

Dispatchable Renewable Energy: An Answer to Load Shedding

22Sep

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Dispatchable Renewable Energy: An Answer to Load Shedding

In 2020, South Africans experienced the most intensive load shedding to date. These crippling power cuts, which amounted to a staggering 856 hours, almost 10% of available hours, cost the economy billions of Rands. Poor performance at several power stations, including Kusile and Tutuka, resulted in a rapid depletion of Eskom’s emergency generation reserves. Furthermore, South Africa’s overall capacity to produce energy has plummeted by nearly 10% over the past decade and there are predictions of a shortfall of up to 6 000 megawatts over the next five years. To address this, government’s progressive stance towards renewables, as outlined in the 2019 Integrated Resource Plan (IRP) commits to a shift away from coal towards renewables, with a planned 25% of all power being drawn from rene...

7Sep

By Africa BusinessNo Comments

Energy, South Africa News

Energy storage manufacturer expands its operations in Africa

Tesvolt partners with Solarworld Africa Wittenberg, Cape Town, São Paulo, 07/09/2021 – Tesvolt, a manufacturer of battery storage systems for commercial and industrial use, has posted strong growth in the first half of 2021. Alongside high demand for intelligent energy storage systems in Germany, international business is a key engine for growth. Over 40% of Tesvolt’s turnover now comes from international sales. It also plans to enter the North American market next year. Marked rise in international orders “Our mission is to bring affordable green energy to every corner of the world,” explains Tesvolt’s Commercial Director, Daniel Hannemann. “We’ve come quite a bit closer to the goal yet again. In addition to our sales activities in Europe, we’ve established new sales partners...