Friday, November 22African Digital Business Magazine

Tag: renewables

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...
Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments
Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments

Leading off-grid utilities provider, Winch Energy, has completed the funding for solar mini grid projects in 49 villages across Uganda and Sierra Leone through the creation of a new platform, Winch Energy IPP Holdings Limited (“WIPP”). The deal represents the largest mini grid financing portfolio to date, bringing together several major players in the off-grid space and was finalised on 29th January 2021. Winch Energy is owned by Total Eren, Itochu Corporation, Al Gihaz Holdings and Winch Partners. The investment comes from Winch Energy Limited in partnership with NEoT Offgrid Africa – a platform established by Meridiam, EDF and Mitsubishi Corporation. NEoT Offgrid Africa supports and accelerates Africa’s energy transition and already invested more than €30 million in the electrification o...
Janus Continental Group (JCG) Invests $13 Million in Highview Power as part of African renewable energy storage drive
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 Egypt banks on renewables to meet expected surge of energy demand
Egypt News, Energy, Green Energy

How Egypt banks on renewables to meet expected surge of energy demand

To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?  Egypt’s population has now passed 100 million. As one of the most populous and fastest-growing nations on the African continent, providing electricity to all its citizens is a matter of priority for the Egyptian government. To ensure continuous security and stability of energy supply, Egypt has launched an energy diversification strategy, known as the 2035 Integrated Sustainable Energy Strategy (ISES), which aims to step up the development of renewable energy and energy efficiency in the country. Egypt aims to produce 20% of its electricity using renewable sources by 2022 and 42% by 2035. For ...
Friday@Noon on Renewable Energy in Africa: 2018
Energy, Ethiopia News, Green Energy, Kenya News

Friday@Noon on Renewable Energy in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. A trend of earlier years in which we saw the further growth and development of the renewable energy sector, has continued in 2018. Renewable energy is becoming increasing popular in Africa. The examples below demonstrate the extent to which Africa is embracing renewable and clean energy. According to the WEF, by mid-2017, 62.5% of the population of sub-Saharan Africa did not have access to reliable grid-connected electricity. This can largely be attributed to limited power infra-structure in many countries, which is further exacerbated by dispersed rural settlements. However, the region has an abundance of geothermal, ...
Energy, Green Energy

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa's renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects. Standard Bank Group will provide comprehensive corporate and investment banking services to all its clients, including underwriting R9.4-billion worth of debt, providing interest and currency hedges, carbon trading credits, and corporate bonding and guarantee facilities. Standard Bank Group has also taken an equity stake in four projects. The South African government's allocation of 1,416MW for this first round of the procuremnt process has translated...
African News, Energy, Green Energy, South Africa News

Clean Power Africa in Cape Town to focus on new opportunities in hydro and solar industries

South African Energy Minister Dipuo Peters to welcome delegates The Clean Power Africa conference and exhibition in Cape Town in September will focus on new opportunities in the clean energy sectors such as retrofitting hydropower to current dams and helping the mining industry to use excess water to provide onsite power. South Africa’s Energy Minister Elizabeth Dipuo Peters will welcome delegates at the official networking reception at the event which will boast over 600 visitors from across the globe. Clean Power Africa incorporates the fifth edition of the hugely successful Hydropower Africa 2012 conference and exhibition and the second year of Solar Energy Africa. New opportunities Says the Clean Power Africa conference director Nicolaas Loretz: “we have found that most utilities, muni...