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AfrElec’s covers coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the political and investment decisions needed to improve access to electricity for Africa’s expanding population.
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NEoT Offgrid Africa, Winch Energy invest $12mn in mini-grid projects in Uganda, Sierra Leone
NEoT Offgrid Africa (NOA) and Winch aim to build the largest portfolio of mini-grids in sub-Saharan Africa, and reach a portfolio worth $100mn.
AfrElec: Norfund invests €10mn in pan-African rural electrification leader Baobab+
Pan-African solar kits distributor Baobab+ has received €10mn from the Norwegian government’s investment fund for developing countries.
South Africa's energy minster draws criticism for touting coal while his colleagues plead for green funding
While South African Cabinet Ministers said in talks with international climate envoys this week that they were ready to shed their coal addiction, the country’s energy minister sang a different song at a provincial mining investment conference.
US climate envoy admits that coal-addicted South Africa needs financial help to go green
US deputy climate envoy Jonathan Pershing has admitted that South Africa would need a mix of grants and concessional loans to assist with its transition to a green economy, even if it is not one of Africa’s poorest countries.
SEB puts $4 trillion annual price tag on net zero
SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.
China’s promise of no overseas coal financing could free up $130bn for green investment
China’s promise to abandon financing coal projects overseas could affect a total of 44 coal plants across Asia and Africa with a combined 42,220 MW of capacity.
New wind trade body aims to harness Africa’s wind potential
Wind developers in Africa have created Africa WindPower (AWP) as a forum to improve relations between governments and investors and to expand the wind sector, which currently has just 7 GW of capacity and is woefully underdeveloped.
South Africa meets global climate envoys, asks for financial aid to go green
South African cabinet ministers met climate envoys on Tuesday, 28 September for talks on climate finance options that would help it shed its coal addiction and move to a green economy. South Africa was adamant that it needed financial aid.
Chariot signs MoU on green hydrogen project in Mauritania
UK-based Chariot said earlier this week that it had signed a memorandum of understanding (MoU) with Mauritania’s Ministry of Petroleum, Mines and Energy on a proposed green hydrogen project.
AfrElec: Coal closures could save megacities from pollution-related deaths
The closure of coal fired-plants located close to urban centres across the developing world in line with the 1.5 degree climate targets would prevent hundreds of thousands of deaths and drastically cut the economic fallout of air pollution.
Hydro capacity needs to double to meet green goals
Global hydro capacity needs to double by 2050 if water-based power is to make a meaningful contribution in the race to net zero, IRENA director-general Francesco La Camera has warned
African cities need billions to cope with climate change by 2050
Investments of some $280bn will be needed to combat the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new research shows.
Uranium: what the explosion in prices means for the nuclear industry
The primary fuel for nuclear plants was sliding for much of the 2010s, with no signs of a major turnaround. Yet since mid-August, prices have surged by around 60% as investors and speculators scramble to snap up the commodity.
REM: EBRD, EU and GCF support green investments in Morocco
Climate envoys head to South Africa to negotiate green finance
Climate envoys from the US, UK, France and Germany will arrive in South Africa this week to negotiate its transition to a green economy. The officials are expected to land on Monday, 27 September, for a series of meetings with SA energy policymakers.
IRENA, GWEC set 380-GW target for 2030
The Global Wind Energy Council and the International Renewable Energy Agency have set a target of 380 GW of offshore wind installations by 2030, and 2,000 GW by 2050, in a bid to reach international net-zero targets by 2050.
Green Deal, CBAM poses high risks to poorer African, Eastern European countries
The EU’s Green Deal and Carbon Border Adjustment Mechanism will hit the EU’s trading partners in Africa and non-EU Eastern Europe particularly hard.
Legal action over South Africa’s emergency supplies could delay start-up
DNG Energy’s legal action in the South African courts over corruption in the award of emergency power contracts could delay the start of supply beyond the planned date of August 2022.
Coal investment in power-poor countries continues to hold up
Investment in new coal-fired power plants has proved to be strong in countries with low access-to-power rates, a recent report from the Climate Policy Initiative (CPI) and SEforALL warned.
Chinese investment in Africa rises in 2021
Chinese investment in Africa rose to $2.96bn in 2020, despite the impact of global pandemic on economies.
No new coal for China
China is to abandon financial support for the construction of new coal-fired power plants abroad as part of Beijing’s wider plans to reach net-zero emissions by 2060.
South African companies Sasol and Imperial partner to develop hydrogen in Southern Africa
South African companies Sasol and Imperial Logistics will partner to develop southern Africa’s hydrogen mobility ecosystem.
AfrElec: Africa’s endangered mountainous forests risk losing carbon sink potential
Tropical forests in mountainous areas of Africa are more concentrated stores of carbon than the Amazon, a new study in journal Nature has suggested.
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