AfrElec - Africa Power Monitor
China, India drive rebound in global CO2 emissions
Global energy-related carbon dioxide emissions rose by 6% in 2021 to a record high of 36.3bn tonnes, as coal dominated the world economy’s rebound from the COVID-19 pandemic.
USAID to support renewable energy in Cape Town
The United States Agency for International Development (USAID) is to provide technical assistance to the City of Cape Town to facilitate renewable energy projects and energy efficiency measures in the city.
Siemens-backed Capton Energy aims to develop 1,000 MW of solar
Capton Energy, a new joint venture between Siemens Financial Services (SFS) and Saudi Arabia-based Desert Technologies, has said it aims to acquire a 1,000-MW portfolio of 20-100-MW solar project across Africa, the Middle East and Asia.
Huawei to provide solar, storage tech to Ghana
China’s Huawei Digital Power has signed a strategic cooperation agreement with African PV developer Meinergy to provide a smart PV & energy storage system (ESS) solution for a 1-GW utility-scale PV plant and 500 MWh ESS project in Ghana.
UN, African Energy Chamber aim to boost private investment in African clean energy
The UN and the African Energy Chamber (AEC) have launched the Team-Energy Africa initiative in a bid to mobilise up to $500bn of private financing for the clean energy sector across the continent.
AfrElec: Europe eyes South Africa as coal supplier following Russia sanctions
European buyers of coal are beginning to turn to other global suppliers, looking as far as South Africa, in the wake of Russia’s invasion of Ukraine.
Buffalo Coal talks to Investec about loan restructuring
The Kwa-Zulu Natal (KZN) based Buffalo Coal Corporation is currently in talks with international banking, investments and wealth management services bank Investec about restructuring remaining outstanding loan amount.
Norway & UK: ZAR600mn towards South African renewable energy
Norway together with the United Kingdom have committed ZAR600mn worth of investment in the South African renewable energy industry.
Urgent pivot to adaption finance needed to contain global warming
The IPCC has warned in its latest climate report that the effects of global warming are already widespread, and that some are now irreversible.
Cape Town soon to be load shedding-free city, mayor says
The city of Cape Town is well on its way to becoming South Africa’s first load shedding free city.
Follow us online