Africa

Trina Solar, SOLA, & WBHO To Power South African Mining Operation With 135MW Project

Smart PV and energy storage solutions company Trina Solar, has partnered with SOLA, a South African leader in renewable energy with a focus on utility-scale projects and WBHO Construction to embark on a transformative solar project. The Merak 1 project signifies a major milestone in sustainable energy solutions for South Africa, according to a media […]

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World Bank Allocates $300 Mn For RE Projects in Eastern & Southern Africa

The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member states. This new facility follows […]

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Renewable Investments In Africa Need To Grow 5 Times: Report

A new report by think tank Climate Analytics finds $8 trillion of investment is needed for new renewables and $4 trillion for grid and storage infrastructure to deliver the 2030 tripling goal agreed at COP28 – or combined, $2 trillion a year on average. Using climate finance to mobilise $100 billion a year for the […]

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IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa

International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […]

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E-Fuel Hybridization With Solar Can Improve Energy Production: IEA

A latest report by the International Energy Agency (IEA) on, “Role of E-Fuel in Decarbonizing Transport”, studied the role of hybridization of E-Fuel with wind and solar as a solution in reducing carbon dioxide (CO₂) emission.  The report stated, “E-Fuel have emerged as an alternative in situations where, the usage wind and solar resources is […]

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Nextracker Installed 10 GW Of Solar Trackers In Middle East, Africa, India

Nextracker, a global provider of intelligent solar tracker and software solutions, has announced surpassing a corporate milestone of 10 GW of smart solar trackers either operational or under fulfilment for projects located in the Middle East, Africa, and India. In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the […]

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China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie

A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved.  The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […]

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Global Solar Investments Increased By 2% In Last 8 Years: Report

A latest report by the International Solar Alliance (ISA) stated that global investment in solar increased by an average of around 2 percent over the last eight years. It added that, on the contrary, fossil fuels are still receiving a major share at nearly a trillion dollars annually.  The report put the investment in the global energy sector […]

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143 Countries Are Net Importers of Fuels Globally: Report

The United Nations Trade and Development (UNCTAD) in a conference recently unveiled a report on commodities and shared an update on its role in the development of emerging nations. This report sought to evaluate factors that bolster the adoption of eco-friendly industrial policies in developing countries reliant on commodities. It further expounds on UNCTAD’s mission, […]

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