Energy Archives - Page 3 of 10 - AfricaBusiness.com

31Mar

By CSEA AFRICA - CENTRE FOR THE STUDY OF THE ECONOMIES OF AFRICANo Comments

Energy

Improving energy efficiency and interconnectivity in Africa through regional economic integration

Adedeji Adeniran Chukwuka Onyekwena Sone Osakwe CSEA AFRICA - CENTRE FOR THE STUDY OF THE ECONOMIES OF AFRICA March 2021 Affordable and efficient energy supply is essential for enhanced welfare and better development outcomes. However, African states suffer from huge deficits in energy generation and distribution, resulting in unreliable power networks, frequent power outages and expensive tariffs. In a bid to improve efficiencies through interconnectivity and reduce energy development challenges at the national level, sub-regional power pooling initiatives have become increasingly popular in Africa. The idea behind creating power pools is to encourage cooperation among countries, through linking excess capacity in one country where power is produced more economically, with excess dem...

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...

31Mar

By Africa BusinessNo Comments

Energy, Namibia News

Engen Namibia receives coveted Diamond Arrow Award

Engen Namibia received a Diamond Arrow Award, at the annual Professional Management Review (PMR) awards ceremony which was held on 15 March 2021 in Windhoek at the Safari Court Hotel. Engen Namibia was recognised as the “The most admired petroleum/diesel brand in Namibia”. Managing Director of Engen in Namibia, Christian Li, says the award recognises the hard work, dedication and commitment of our team, and business partners together with the support of our valued customers and stakeholders. “We are extremely proud to share this award and would like to thank you for your continued support.” The PMR Africa survey profiles business excellence in Namibia as a growth point and potential investment area for foreign and local developers and investors. Criteria for the award included measuring...

24Mar

By Africa BusinessNo Comments

Energy, Green Energy

Use of green methane in transport and power generation – researchers and industry present interim results of the MethanQuest project

New technologies for producing gas from renewable sources Testing of hydrogen, methanol and methane for use in ships, cars and power generation LNG supply and microgrid concept for Karlsruhe inland port The flagship project MethanQuest was launched in September 2018, and on it a total of 29 partners from research, industry and the energy sector have come together to work on processes for producing hydrogen and methane from renewables and for using them to achieve climate-neutral mobility and power generation. The project participants have now submitted their interim results. These relate to electrolysis systems for producing hydrogen, both on land and in offshore wind parks, equipment for producing methane, the use of gas engines in cars, ships and CHP plants, and concepts for energy...

22Mar

By Africa BusinessNo Comments

Energy, Green Energy, Senegal News, South Africa News, Uganda News

REN21’s new report shows that cities across Africa demonstrate progressive leadership to deploy renewables

The 2021 edition of REN21’s Renewables in Cities Global Status Report, shows that one billion people live in cities with a renewable energy target or policy. The number of cities that have enforced partial or complete bans on fossil fuels jumped fivefold in 2020. With a special focus on Sub-Saharan Africa, the report shows that despite many challenges, city governments across the region have taken important steps to advance the deployment of renewables. Africa’s urban population increased more than 16-fold between 1950 and 2018, from 33 million to 548 million, and this rapid urban growth has been and remains a key driver of rising energy demand. Cities across Sub-Saharan Africa increasingly recognise the opportunities around renewable energy use to improve energy access, reduce energy pove...

16Mar

By NJ AyukNo Comments

Energy, Green Energy, Mozambique News

Energy Industry will be the bedrock of Africa’s Road to Recovery

African Energy producers and the governments are facing an unprecedented economic crisis due to the Coronavirus, unemployment, recession, and energy poverty and energy transition concerns. The African Energy Chamber’s Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback offers a commonsense strategy for the public and the private sector from leading industry experts. It calls on all of us to take bold actions when it comes to job creation and opportunities that get people back to work, build infrastructure, capitalize on AFCTA and diversify our economies. We understand that we have an obligation as an energy sector to build and support African economies that attract investment and position our continent, its people and investors for prosperity. It...

The African Energy Chamber to host Virtual Book Launch for its first ever advisory board book

10Mar

By Africa BusinessNo Comments

Energy, Events

The African Energy Chamber to host Virtual Book Launch for its first ever advisory board book

The African Energy Chamber to host Virtual Book Launch for its first ever advisory board book. • The African Energy Chamber (Chamber) will host a virtual book launch for its inaugural advisory book titled, ‘African Energy Road To Recovery: How The African Energy Industry Can Reshape Itself For A Post COVID-19 Comeback’. • Moderated by Senior Vice President of the African Energy Chamber, Verner Ayukgba, the event will feature participation from its advisory board members including CEO of Shoreline Natural Resources, Kola Karim; Chief Executive Officer of Energy & Natural Resource Security, Inc., C. Derek Campbell, and Regional CTO Strategy & Innovation at Microsoft, Jovita Nsoh. • The book launch will be held on March 16th at 4PM SAST. To attend, register here: https://us02web.zoom....

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

1Mar

By NJ AyukNo Comments

Energy

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

Speaking at the International Petroleum (IP) Week on February 25, 2021, I commended Nigeria for its efforts in driving gas monetization, but we have to be clear that our industry and hardworking people remain frustrated by the delays and inability to pass and sign the Petroleum Industry Bill. There needs to be that fierce sense of urgency of now especially in the era of the energy transition. The Petroleum Industry Bill (PIB) needs to be passed as it allows energy companies to turn their attention to producing energy that drives our economies. It will allow politicians to focus on other pressing matters like the African Continental Free Trade Area (AfCTA) and security issues. Africa is well-placed to become a key global supplier of LNG. Mozambique, Nigeria, Equatorial Guinea, Senegal, and ...

Janus Continental Group (JCG) Invests $13 Million in Highview Power as part of African renewable energy storage drive

11Feb

By Africa BusinessNo Comments

Energy, Green Energy

Janus Continental Group (JCG) Invests $13 Million in Highview Power as part of African renewable energy storage drive

JCG’s investment arm Janus Capital takes stake in Highview Enterprise Limited. The deal will bring Highview Power’s cutting edge CRYOBattery™ energy storage technology to JCG’s core markets in sub-Saharan Africa. The investment will unleash the potential of renewable energy storage across Africa, supporting JCG’s wider growth and business goals in this sector. Janus Continental Group (JCG), a conglomerate with businesses in the Energy, Hospitality and Real Estate sectors across three continents, has announced that it has invested USD $13 million in Highview Enterprises Limited, the developer of liquid air long-duration energy storage systems, called the CRYOBattery™. JCG’s subsidiary, Great Lakes Africa Energy Ltd (GLAE), will license Highview Power’s cryogenic energy storage technol...

How Optimized Energy Management Delivers Reliability, Efficiency and Sustainability at the Fekola Mine in Mali

18Jan

By Africa BusinessNo Comments

Energy, Mali News

How Optimized Energy Management Delivers Reliability, Efficiency and Sustainability at the Fekola Mine in Mali

Op-Ed By Luke Witmer, General Manager, Data Science, Wärtsilä Energy Storage and Optimization Since B2Gold first acquired the Fekola gold mine, located in a remote corner of southwest Mali, exploration studies revealed the deposits to be almost double the initial estimates. A recent site expansion has just been completed, and while the existing power units provide enough power to support the increase in production, the company sought to reduce its energy costs, cut greenhouse gas emissions, and increase power reliability. The addition of a 35MWp solar photovoltaic (PV) plant and 17MW/15MWh of energy storage to the existing 64MW thermal engine plant was decided. This new energy mix is anticipated to save over 13 million litres of fuel, reduce carbon emissions by thirty-nine thousand tons pe...