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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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Nigerian regulator suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission (NERC) has halted the proposed increase in electricity tariffs originally set for April.
Saudi oil surge and the threat to the energy transition
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
Eskom declares force majeure on IPP wind
Eskom has declared force majeure on power supplies from wind IPPs
Renewables growth set to be lost in 2020
The previously ambitious growth forecasts for solar and wind for 2020 now face being wiped out
Renewvia Energy brings in strategic investor for off-grid solar in Kenya and Nigeria
Renewvia Energy brings in strategic investor for off-grid solar in Kenya and Nigeria
Scatec Solar begins to feel the impact of COVID-19
Scatec Solar is starting to feel the operational impact of COVID-19
Eskom take positive view on power supplies as lockdown enters force
Eskom has not ruled out the prospect of load-shedding during the country’s COVID-19 lockdown
China props up global coal power industry in 2019
Coal power construction fell sharply for the fourth year in a row in 2019, with African coal facing weaker political support
Global wind growth hit by COVID-19
The global wind sector added 60.4 GW of new capacity in 2019, 19% more than 2018 installations, with 6.1 GW added offshore.
US considers wading into Saudi-Russia supply war
Global power demand falls 15%
The current global COVID-19 crisis has highlighted how much the modern economy relies on electricity, the IEA has claimed.
AfDB leads DFIs in promoting private investment in energy access
The African Development Bank and a number of European development finance institutes (DFIs) have committed $160mn of initial funding for the Facility for Energy Inclusion (FEI)
SA regulator nudges forward IPP round
South Africa’s National Energy Regulator NERSA on March 18 issued its second consultation paper for the much-delayed IPP licensing round
South Africa’s Necsa faces financial crisis
South African nuclear operator Necsa faces running out of money as it waits for the government to approve a ZAR500mn ($29.5mn) funding allocation
Energy transition faces tough test after COVID-19 and cheap oil
Post-crisis economic stimulus packages much be focused on clean energy and not coal if the fight against climate change is not to be derailed
AfDB supports Nigeria’s struggling power sector
The African Development Bank has agreed to lend $200mn to Nigeria’s Rural Electricity Agency (REA) to boost access to power for domestic, commercial and industrial customers in rural areas.
Emerging off-grid sector to play key role in achieving universal access
Investment in off-grid energy access between 2010 and 2019 reached $2.1bn, connecting 420mn people to off-grid solar supplies and 47mn to local mini-grids.
$600bn of coal investment at risk from competitive wind and solar
The falling price of renewables means that the 499 GW of new coal capacity planned or being built worldwide could be a $638bn waste of money.
Oil price crash raises questions for energy transition
The global oil and gas industry’s enthusiasm for the energy transition could be in doubt as the world reacts to the collapse of the oil price and the spread of the coronavirus.
3% decline in coal generation not enough to meet Paris targets
China’s coal expansion has cancelled out the fuel’s decline in Europe and the US. China must also reduce its exposure to coal if the Paris targets are to be met
Schneider Electric seals smart grid deal with Egypt
Schneider Electric has closed a deal with Egypt’s Ministry of Electricity to build a new generation of distribution control centres that will use smart technology
China’s solar plans for Uganda
Uganda cannot let Chinese investment in renewables leave it exposed to unsustainable debt, stranded assets and high tariffs
Standard Bank buys IFC green bond to invest $200mn in renewables
The IFC has invested $200mn in Standard Bank of South Africa’s green bond, which was placed on the London Stock Exchange on March 2.
NEoT Offgrid Africa to raise $45 for off-grid solar in Côte d’Ivoire
NEoT Offgrid Africa (NOA) has launched a pioneering receivables securitisation programme that aims to raise up to €40mn ($44.5mn) to finance off-grid solar home systems in West Africa.
CrossBoundary Energy finalises $16.5mn injection of equity capital
UK-based investment fund ARCH Emerging Markets Partners has invested $16.5mn of equity capital in CrossBoundary Energy (CBE), an off-grid solar developer in Africa.
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