AfrElec - Africa Power Monitor
AIA Group divests from coal
Global insurer AIA Group has become the latest insurer to divest its coal mining and coal interests by selling $10bn of investments in the fuel.
UN’s Espinosa stresses need for quick follow up on Glasgow goals
UN climate chief Patricia Espinosa said governments must quickly begin working to meet the goals set at the COP26 conference in Glasgow as part of the Glasgow Climate Pact.
REM: Fitch: Wind power pipeline up by almost 33% in six months
The world's wind project pipeline increased significantly between the second and fourth quarters of 2021 as efforts to mitigate climate change continued to drive the adoption of renewables. This is according to a new report by Fitch Solutions.
South Korea investing $12.4mn in solar mini-grids in Nigeria
Kenya Power posts pre-tax profit of $72.7mn, up 216% y/y
Kenya’s electricity distribution utility posted a pre-tax profit of $72.7mn for the year ended on June 30, 2021 as the changes in management began to bear fruit.
Kenya Power hit hard by FX-denominated purchase deals with IPPs
Kenya’s electricity distribution utility is facing challenge of U.S. dollar and Euro denominated power purchase agreement due to depreciation of East African country’s currency.
Eni, Sonangol JV moves forward on Angola photovoltaic project
EU's €10mn SESA project to fund African tech and business models launches
The project is aimed at providing technologies and business models that can be reproduced and create local opportunities for economic developments and social cohesion across Africa.
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