SOUTH AFRICA: ENGIE acquires 100 MW Concentrated Solar Power plant
ENGIE has announced that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as … Read More
Tag: solar
Magnora ASA Accelerates Growth with a Project Portfolio Pipeline of net 1 GW Potential Solar PV & Onshore Wind
Renewable energy development company Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. … Read More
CrossBoundary Energy Raises $40M to Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) has announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing … Read More
Are African Development Bank (AfDB)’s financing policies climate-friendly?
(By Wangeci Migwi, Amy Giliam and Nicole Rodel) With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan … Read More
CGG Delivers Global Geothermal Resource Study to Support Client’s Energy Transition Strategy
CGG has announced that its Geothermal Science group has delivered a global geothermal resource study to a major energy company. The study evaluates the scale of the potential for geothermal … Read More
SOUTH AFRICA: Sasol Invites Bidders for the Development Solar Photo-Voltaic (Pv) Facilities
Sasol is inviting interested Bidders to participate in a Request for Proposals (RFPs) process for the development of two embedded 10MW Solar Photo-Voltaic (PV) facilities at its South African operations … Read More
UGANDA: 1.4 million to access reliable and affordable energy under new EIB – ENGIE initiative
Scaling up off-grid solar power model for transforming rural energy access across Africa; EIB financing to overcome barriers to 80% of Ugandans without access to electricity; Local currency financing to … Read More
Solar Mini-grids Set to Play Critical Role in Achieving Universal Electricity Access With Right Policy Support
Mini-grids could play a critical role in providing electricity to rural communities and businesses and in helping to connect the 789 million people worldwide who currently do not have access. … Read More
Kenya’s “Oil Lady” Lucky Okudo Named in Forbes 30 under 30 List for 2020
Source: Forbes In 2012, Lucky Okudo found herself at a conference on the outskirts of Nairobi discussing environmental sustainability and the strategic role women play. At the same time, on … Read More
Double the Share of Renewables in the ‘Decade of Action’ to Achieve Energy Transition Objectives
The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, according … Read More