AfrElec - Africa Power Monitor
Oil price crash raises questions for energy transition
The global oil and gas industry’s enthusiasm for the energy transition could be in doubt as the world reacts to the collapse of the oil price and the spread of the coronavirus.
3% decline in coal generation not enough to meet Paris targets
China’s coal expansion has cancelled out the fuel’s decline in Europe and the US. China must also reduce its exposure to coal if the Paris targets are to be met
Schneider Electric seals smart grid deal with Egypt
Schneider Electric has closed a deal with Egypt’s Ministry of Electricity to build a new generation of distribution control centres that will use smart technology
China’s solar plans for Uganda
Uganda cannot let Chinese investment in renewables leave it exposed to unsustainable debt, stranded assets and high tariffs
Standard Bank buys IFC green bond to invest $200mn in renewables
The IFC has invested $200mn in Standard Bank of South Africa’s green bond, which was placed on the London Stock Exchange on March 2.
NEoT Offgrid Africa to raise $45 for off-grid solar in Côte d’Ivoire
NEoT Offgrid Africa (NOA) has launched a pioneering receivables securitisation programme that aims to raise up to €40mn ($44.5mn) to finance off-grid solar home systems in West Africa.
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