clean energy investment Archives

15Oct

By Africa BusinessNo Comments

Energy, Nigeria News

PAM Africa Hosted Inaugural PAMDAY Event Showcasing Innovations in Renewable Energy

Lagos event highlighted groundbreaking solutions aimed at addressing Africa’s energy challenges In a significant step towards addressing the continent's energy needs, PAM Africa successfully hosted its inaugural PAMDAY event at the PAM Centre in Lagos yesterday. This highly anticipated gathering brought together top professionals and stakeholders in the renewable energy sector to showcase PAM Africa’s latest innovations. The PAMDAY event featured a diverse array of activities aimed at highlighting the company's flagship innovations, including PAM Solar, So-Cool, Net Zero Village (NZV), PAM-Ai, and Solar Battery Hub. Each innovation is designed to tackle specific energy challenges faced across Africa, from enhancing access to cooling to optimising energy consumption through AI technology....

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...

“Decarbonising Nigeria is feasible with current power technologies – and will not cost more”: Wale Yusuff, Managing Director, Wärtsilä Nigeria

8Nov

By Africa BusinessNo Comments

Energy, Nigeria News

“Decarbonising Nigeria is feasible with current power technologies – and will not cost more”: Wale Yusuff, Managing Director, Wärtsilä Nigeria

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. Speaking in front of senior representatives of some of Nigeria’s most prominent private and public organisations, Wale Yusuff, Managing Director of Wärtsilä in Nigeria, explained how the most advanced studies had shown that decarbonising Nigeria was not only feasible, but that it could also be done in a way that lowered the cost of electricity going forward. “A lot of Nigerians still think that a renewable energy-based power system is expensive and unreliable, but it doesn’t have to be. On the contrary, I am conf...

COP27: A unique opportunity to set the stage for Africa’s future in clean energy, according to Wärtsilä report

30Oct

By Africa BusinessNo Comments

Energy, Mozambique News, Nigeria News, South Africa News

COP27: A unique opportunity to set the stage for Africa’s future in clean energy, according to Wärtsilä report

The climate change conference COP27 offers a unique opportunity to increase energy access and lay the foundations for decarbonisation across Africa, but wealthy nations must deliver on their climate finance pledges to unlock the continent’s potential, according to a new report. ‘Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system modelling of three African countries, Nigeria, South Africa and Mozambique. It finds that they can leapfrog some developed nations by not embedding inflexible fossil fuel-based systems. To enable such a massive transformation a combination of climate finance, effective planning and system reforms will be essential. The report demonstrates that replacing coal with renewable energy combined with flexibility from...

25Jul

By Africa BusinessNo Comments

Energy, Events, South Africa News, Zimbabwe News

A Burgeoning Energy Sector: African Energy Week in Cape Town Committed to Promoting Investment in Zimbabwe

During a working visit to Zimbabwe, African Energy Chamber Executive Chairman NJ Ayuk met with H.E. President Emmerson Dambudzo Mnangagwa to discuss extensive investment opportunities across the country’s renewable, natural gas and mining sectors. Committed to driving attendance at the upcoming African Energy Week (AEW) 2021 interactive conference and exhibition taking place in Cape Town (November 9-11) – as well as promoting pan-African investment opportunities – NJ Ayuk, Executive Chairman of the African Energy Chamber, conducted a working visit to Zimbabwe to open a dialogue on the country’s promising energy sector. Meeting with H.E. Emmerson Dumbudzo Mnangagwa, President of Zimbabwe, and presenting his recently published book, ‘Billions at Play: The Future of African Energy and Doin...

31Mar

By Africa BusinessNo Comments

Energy, Green Energy, Mozambique News

Mozambique holds the key to Southern Africa’s clean energy transition

By Fhedzi Modau, Mozambique Country Manager, Wartsila Energy Business With its massive gas reserves and billions of dollars of investment flowing in to monetize them, Mozambique has a unique opportunity to deploy a flexible power strategy that will bring major benefits across both its domestic and regional electricity markets. Countries across Southern Africa have established ambitious targets to increase access to affordable, reliable, and sustainable energy by 2030. Renewables, especially solar photovoltaic (PV), are expected to account for three quarters of the increase (IEA – Africa Energy Outlook 2019). However, the intermittent nature of renewables places great strain upon existing power grids. Both national and regional grids will require significant flexible power generation to cou...