Storage & Hybrid

A landmark initiative that brings together public, private, and development capital from UAE institutions, is providing $4.5 billion in funding to boost Africa’s energy transition efforts as the continent looks to close an energy deficit that has left 600 million people without access to electricity. The UAE finance initiative is drawing its support from the […]

CrossBoundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria have announced a new project finance agreement to build $60m worth of mini-grids in Nigeria. Undea the deal, both companies target the connection of 150,000 Nigerians to electricity. CBEA will finance the development and construction activities and own the projects, while ENGIE will provide long-term […]

Yesterday, PPC Zimbabwe broke ground on two solar PV plants in Bulawayo and Gwanda in southwestern Zimbabwe. The facilities will have a combined generation capacity of 30 MWac and were awarded to a consortium of the African Transmission Corporation (ATC) and Sinohydro Corporation following a competitive tender. The consortium’s project company, CentraWest, is mandated to […]

by Hage G. Geingob, President of Namibia, Office of the President of Namibia for the World Economic Forum Namibia launched its Second Harambee Prosperity Plan (HPPII) in March 2021. The country is on course to develop a green and blue economy as articulated under the economic advancement pillar of the plan. By electrifying key parts […]

While Africa constitutes 17% of the world’s population, it only accounts for 6% of global primary energy consumption, according to 2018 data from the International Energy Agency (IEA). However, the continent is recording an ever-greater demand for energy, to support continued growth for more than two decades, interrupted only by the Covid-19 pandemic. To date, […]

In more ways than one, the concept of energy transition makes no sense for African countries. The energy transition model by which fossil fuels were going to be replaced with renewable energy emerged out of developed countries, where low population growth and few incremental energy needs have paved the way for new planning strategies to […]