Sunday, November 24African Digital Business Magazine

Tag: renewable energy

We need to solve the complex equation of energy transition and grid reliability, says Wärtsilä
23Apr By Africa BusinessNo Comments
Energy, Morocco News

We need to solve the complex equation of energy transition and grid reliability, says Wärtsilä

Behind the necessary ramp-up of renewable energies, the challenge of integrating them into the power grid occupied centre stage at the North & West Africa Energy Transition Forum. According to Wärtsilä Energy, a leading power plant manufacturer and energy systems integrator in Africa, there are multiple constraints to be taken into account in order to increase the share of renewables while guaranteeing more reliable power production. To solve this complex equation, the issues of making the energy system more flexible, anticipating technological developments, and financing must be addressed effectively. These were the key issues discussed at the 2024 North and West Africa Energy Transition Forum in Rabat, which brought together the major public and private players in the energy sector ...
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25Dec By Africa BusinessNo Comments
Energy

Prioritizing Transformational Solutions over Elusive Promises: Reflections from COP28 and Global Climate Conferences End of 2023

By Nicole Iseppi: Director - Global Energy Innovation, Bezos Earth Fund The global climate verdict echoes with even greater clarity post-COP28: it's time for transformational, actionable steps rather than elusive inertia, attention-grabbing promises. Achieving our climate goals requires a tangible shift from fossil fuel reliance, demanding real innovations in the energy system instead of focusing on small-scale, minimal-impact solutions. No longer small steps only large leaps are required by all to deliver the global energy transition. Triggering positive tipping points in the energy system Systemic transformations play a pivotal role in mainstreaming renewable energy. Despite current successes, transformations are not occurring at the speed and scale needed as highlighted in the Global...
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25Apr By Africa BusinessNo Comments
Energy, South Africa News

Gaia launches first specialist REIT investing in on-site solar power solutions for businesses

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 investors to benefit directly from solving South Africa’s 10,000 MW electricity deficit. Setting up Gaia Renewables REIT follows the liberalisation of South Africa’s electricity generation sector; the government has removed the historical 1 MW cap on power generation by private companies and individuals. The government’s response came amid rolling power blackouts, which have plunged hou...
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Unlocking the potential of Africa: The Neutrino Energy Group’s Pursuit of Strategic Partnerships
22Apr By Africa BusinessNo Comments
Energy

Unlocking the potential of Africa: The Neutrino Energy Group’s Pursuit of Strategic Partnerships

The Neutrino Energy Group is revolutionizing energy production with groundbreaking technologies and strategic partnerships In recent years, there has been a surge in the demand for sustainable energy solutions as the world grapples with growing environmental challenges and an increasing global population. Neutrino energy has emerged as a potentially limitless source of clean, renewable power, with the Neutrino Energy Group leading the charge in developing innovative technology to harness this energy. The company is now entering a phase of seeking partners on the political level, focusing on the integration of their cutting-edge technology with existing energy infrastructure. Quantum Technology and AI: Accelerating Neutrino Energy Research The Neutrino Energy Group's research and develop...
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A new year’s resolution for SA’s energy crisis – and why international organisations hold the key to an accelerated Just Energy Transition
18Jan By Africa BusinessNo Comments
Energy, South Africa News

A new year’s resolution for SA’s energy crisis – and why international organisations hold the key to an accelerated Just Energy Transition

By Alana Kruger, Knowledge Transfer Manager for South Africa at Innovate UK KTN Global Alliance Africa. According to leading lifestyle magazines and spiritual gurus, 2023 is a year for self-reflection, intuition and analytical enlightenment. It also marks 16 years since South Africans first experienced loadshedding - an unwelcome and common occurrence that continues to this day. Over the next 15 years, South Africa will need to install at least 50GW of generation capacity to achieve energy security. According to calculations by industry analysts, this will require an estimated R1.2 trillion in investment before 2035 to mitigate the energy crisis [1]. Considering the urgency of this issue and its impact on the wellbeing of both consumers and the economy at large, it might be time for Sout...
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Solar and renewable energy trends in 2023
27Dec By Africa BusinessNo Comments
Energy

Solar and renewable energy trends in 2023

by Sven Lindström, CEO, Midsummer Industry veteran Sven Lindström, CEO of Swedish solar energy leader Midsummer, has predicted New Year’s energy trends since 2014 – often highly accurately. Again gazing into the crystal ball, this is what he sees as the three strongest trends in renewable energy as we move into 2023: Exactly a year ago, I predicted volatile and rising electricity prices in 2022 – even before Russia’s invasion of Ukraine - and wind power increasingly moving offshore, among other things. So it is with some confidence I look at 2023 with the following predictions:          1. A boom for solar Admittedly, it has been predicted before, but with the EU now throwing the kitchen sink and everything in between to rapidly reach energy independence and a fossil-free future the ...
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1Dec By Africa BusinessNo Comments
Energy, South Africa News

South Africa: The latest developments in Just Energy Transition

Kieran Whyte, Partner and Head of the Energy. Mining & Infrastructure Group, Baker McKenzie, Johannesburg During the World Leaders' Summit at COP 27 in November 2022, South African President Cyril Ramaphosa launched the new Just Energy Transition Investment Plan (JET IP) for South Africa. It was at COP 26 in November 2021, that it was first announced that the governments of France, Germany, the United Kingdom, the United States and the European Union had pledged USD 8.5 billion in first round financing to assist South Africa with energy transition projects as part of the Just Energy Transition Partnership (JETP) between the countries. In October 2022, the South African cabinet approved a five-year investment plan for the USD 8.5 billion package. The Just Energy Transition Investment ...
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Africa to receive significant funding for the development of decentralized energy
17Nov By Neutrino EnergyNo Comments
Energy

Africa to receive significant funding for the development of decentralized energy

The majority of Africans lack access to modern conveniences like electricity. Thankfully, the "The We  Give Light" foundation plans to donate 1 billion euros to the development of decentralized energy in Africa in order to provide the continent with renewable, decentralized, climate-friendly energy. These distributed energy systems are scheduled for development between 2023 and 2026. The money will go toward installing renewable energy systems that provide power to over hundreds of thousands of people and prevent the release of tons of carbon dioxide annually. The focus will be on renewable energy sources like solar, wind, and neutrinovoltaics. An advisory board will weigh the options and make recommendations. Due to the continent's massive population, distributed power generation and dist...
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‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27
8Nov By Africa BusinessNo Comments
Energy, Kenya News, Nigeria News, Togo News, Zimbabwe News

‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27

More than 600 million African people go without access to electricity, and more than 900 million are without safe cooking facilities. At the COP27 climate summit now happening in Egypt, Power Up -  a new campaign with over 45 member organisations, is amplifying marginalised African voices in pursuit of funding for green affordable energy, particularly for frontline organisations powering up communities most affected by energy poverty to build resilience and upscale adaptation efforts. According to the IEA, bringing access to modern energy for all Africans calls for investment of US$ 25 billion per year, which is around 1% of global energy investment today. Using the hashtag #GreenPowerisaMust, the Power Up campaign is coordinated by Ashden, a charity working with organisations in the gl...
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30Mar By Africa BusinessNo Comments
Energy, Green Energy, South Africa News

Landmark for renewable energy in SA, with grid-connected battery system in Ekurhuleni

Ekurhuleni Municipality has approved the connection of a large solar PV plant and battery system, marking a landmark moment in renewable energy projects in South Africa.   The PV and lithium-ion battery system will form one of South Africa’s largest microgrids: a 1.8 MW solar PV facility alongside a 2.9 MWh battery, whilst being grid-connected in order to stabilise the local grid.  PepsiCo Sub-Saharan Africa (SSA), who procured the system from the SOLA Group, aims to secure energy supply and reduce carbon emissions at its large distribution centre, near Kempton Park in Johannesburg.  “We are pleased to have implemented such a landmark project at one of our South African facilities,” said Umesh Himraj, Engineering Sustainability Lead at PepsiCo SSA.   “This approach and investment into ...
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