AfrElec - Africa Power Monitor

South Africa, India, Indonesia and the Philippines to receive $2.5bn to phase out coal

South Africa, India, Indonesia and the Philippines are to receive up to $2.5bn of climate financing from the World Bank’s Climate Investment Funds (CIF) in a bid to advance a just transition from coal power to clean energy in emerging economies.

Starsight becomes first Nigerian renewable energy provider to be carbon credit certified

UK to support climate adaption across Africa with $195mn commitment

The UK announced at COP26 GBP143.5mn ($195mn) of new and existing funding to support African governments to roll out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and changing climates.

Morocco and Egypt lead African countries commit to end coal

A swathe of African countries signed up to Global Coal to Clean Power Transition Statement at COP26 on November 4, with Morocco and Egypt both making substantial commitment.

South Africa becomes poster boy for just transition in developing world

South Africa is to benefit from ZAR131bn ($8.5bn) of climate finance from the world’s richest countries in a bid to meet the targets of the Paris Agreement and to reduce significantly the country’s reliance on coal power.

Coal dominates at COP26 as more countries join the clean transition

Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.

IEA aims to forge stronger global regulation of energy transition

The International Energy Agency launched at COP26 a new Regulatory Energy Transition Accelerator, which aims to improve the regulatory capacity needed to decarbonise energy systems and meet the 1.5°C targets.

Climate Investment Funds issues new generation of green bonds worth $500mn

The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.

World finally commits to $100bn of climate finance for global south

UK Chancellor Rishi Sunak said at COP26 that the world’s rich nations would make good on their promise of $100bn per year of climate financing for poor countries by 2023.

UK, India launch Green Grids Initiative at COP26

Equatorial Guinea’s mining and hydrocarbon ministry biggest African Energy Week sponsor

COP26 finds renewed commitment to 1.5°C

The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.

South Africa will need money to meet its climate targets and go green - SA president

Power theft and inefficiencies hinder Ghana’s energy debt recovery, says energy consultant

AfrElec: KenGen posts $132.7mn profit before tax in FY2020-21

Mixed outlook for COP26 as leaders embark on search for agreement

COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.

Climate change to cause devastating migration levels in Africa

Africa is set to be hit the hardest by climate change, with up to 86mn Africans migrating within their own countries by 2050, the World Bank has warned in its new Groundswell Africa report.

South Africa expands renewables programme with 25 new projects

Alliance of CEOs urge governments to meet 1bn tonne reduction target by 2030

A list of 91 corporate CEOs have signed an open letter to world leaders committing themselves to meeting the Paris Agreement’s climate change targets and to reduce emissions by more than 1bn tonnes per year by 2030.

$1 trillion solar investment target set as costs fall

The International Solar Alliance (ISA) and Bloomberg Philanthropies are to lead efforts to mobilise $1 trillion in global investment for scaling up solar energy across ISA member countries.

South Africa in the dark as Eskom switches to more severe scheduled outages

Kenya's Kipeto wind farm gets innovative loan to fund biodiversity

Kipeto Energy Plc (KEP) has secured $10 million loan for conservation initiatives around the firm’s wind farm near Nairobi the capital city of Kenya.

UN warns that net-zero pledges are insufficient and not urgent enough

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

AfrElec: Eskom's ageing fleet still not receiving needed maintenance, as blackouts dog South Africa

South Africa’s struggling power utility Eskom apologised to South Africans on Monday, blaming maintenance lags as the main reason for renewed outages.

Head of GGC touts role of gas in African energy transition

Dr. Ben K.D. Asante, the CEO of Ghana Gas Co. (GGC), has said he believes natural gas will play a prominent role during Africa's transition to lower-carbon energy sources.