AfrElec - Africa Power Monitor
Net-Zero by 2050 could cost $173 trillion: BNEF
Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO).
Fitch Affirms African Development Bank at AAA; outlook stable
Fitch Ratings has affirmed the African Development Bank's (AfDB) long-term issuer default rating (IDR) at AAA with a Stable Outlook, the rating agency said in a statement.
IEA warns that only 2% of post-pandemic spending is green
The International Energy Agency (IEA) has warned that only 2% of post-pandemic spending commitments by governments, totalling $16 trillion, will fund green energy projects.
TRANSCO CLSG cross-border line switched on in West Africa
The Transmission Company Côte d’Ivoire, Liberia, Sierra Leone and Guinea (TRANSCO CLSG) has switched on the cross-border power line from Man in Cote d’Ivoire to Monrovia in Liberia.
Private investment needed in Rwanda to meet sustainable development goals
Rwanda could be in danger of missing its sustainable development goals as the COVID-19 pandemic has pushed the economy into recession in 2020, the World Bank has warned.
SA C&I sector starts to make inroads into solar PV market
The South African solar PV market installed 1,313 MW during 2020, broken down into 813 MW of utility-scale systems and 500 MW of distributed generation.
Global investors turn to green energy and away from fossil fuels
The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis (IEEFA) said.
APGC calls on NNPC to supply gas to Nigerian gencos
The Association of Power Generation Companies (APGC), a Nigerian industry association, has urged NNPC to assume responsibility for supplying fuel to natural-gas fired thermal power plants (TPPs).
AFRELEC: Hwange expansion makes solid progress
Zimbabwe’s Chinese-funded $1.5bn expansion to the Hwange coal-fired power station is now 68% complete, despite delays caused by the COVID-19 pandemic.
Eni discusses green, blue hydrogen production in North Africa
Representatives of Italy’s Eni met with Egyptian and Algerian officials last week to discuss the prospects for green and blue hydrogen production.
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