Tag Archives: renewable energy

African “Freiheits Gas” can help Europe overcome its dependence on Russian gas

NJ Ayuk, Executive Chairman, African Energy Chamber and CEO of Centurion International AG 03/15/2022 Russia’s invasion of Ukraine broadened the meaning of “energy transition” in Europe. Usually, this term means moving away from the fossil fuels that have enabled progress for generations and instead turning to emerging green energy sources. …

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Environmental and Social Governance Manager Wanted

Independent Power Producer Globeleq has a vacancy for an Environmental, Social and Governance (ESG) Officer who will be based in London, UK, or Cape Town, South Africa. DEADLINE: March 18, 2022 Globeleq is looking for a valuable addition to the ESG team who can lead and manage the planning and …

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The Grand Ethiopian Renaissance Dam, a powerful generational pivot

Do your emotions run high when the subject of the Grand Ethiopian Renaissance Dam comes up? Many consider it a highly controversial and politicized project that will endanger water supplies and escalate tensions and armed conflict. These views are often based only on news headlines, while some people have expert …

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More Young Leaders Complete Trustco’s Junior Board Mentorship Program

Seven young people recently completed Trustco’s Junior Director Mentorship Program, which takes place over a period of one year. The program was first introduced in 2018. At the time, Trustco identified a need for young professionals who all had impressive CVs and leadership potential, but lacked essential boardroom experience. This …

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a liaison group could recalibrate relations

Since the onset of the COVID pandemic in 2020, South Africa has borrowed a total of around US$7 billion (around R106 billion). The money came from the International Monetary Fund, the New Development Bank, the African Development Bank and the World Bank. The country assumed these debts without any transparent …

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Cape Town to stock up on power as state monopoly Eskom falters

Cape Town is to source electricity from independent power producers, the first South African city to do so and a sign of heightened frustration at the government’s failure to reform blackout-prone state-owned Eskom monopoly. Geordin Hill-Lewis, the mayor of South Africa’s second-largest city, told the Financial Times that his administration …

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SOUTH AFRICA: Cape Town prepares tender for purchase of electricity from IPPs

Cape Town plans to diversify its sources of electricity supply. In a recent statement, Mayor Geordin Hill-Lewis signaled his intention to look to independent power producers (IPPs) to reduce the impact of load shedding on city households and businesses. In the next two weeks, the municipality plans to launch calls …

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African leaders must end the continent’s dependence on exploitative countries such as the United States and China

There is something disturbing about the change in the global economic and political order. Three things are clear: global solidarity is a pipe dream, democracy is amorphous, and the rules-based international order is a donkey. Well, at least as far as the African continent is concerned, its people and its …

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Africa must ‘look inside’ to finance and control the transition on its own terms

Senior African government officials urge the continent to turn inward to respond to difficult development agendas as they curb what they perceive to be Western interests pushing them to give up fossil fuels as quickly as possible possible. The same week, COP26 was held in the UK last month, a …

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UK “embarrassed” to fund Mozambique gas project, court says | Mozambique

The UK was “embarrassed” to fund a huge gas project in Mozambique while considering ending foreign support for fossil fuels, a court said. During a three-day High Court hearing, Friends of the Earth highlighted government documents suggesting there would be “obvious repercussions” if the government did not follow through on …

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O&M Financial and Operational Analyst – 12 month contract

My client in the renewable energy industry is looking for a Business Graduate to join their team for a 12 month contract in Cape Town. Graduates and those with experience will be considered. The successful candidate will be responsible for the financial and operational analysis relating to the O&M segment, …

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Resilient urban cities: what are they and why are they important?

The views and opinions expressed in this article are those of the author. To solve the climate emergency, the city’s investments in green infrastructure that ensure social and racial equity are the way forward to have impact at scale. The Glasgow Climate Pact calls for action, but a few days …

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A new executive takes the reins of the City

Mayco’s new members were announced on Monday, November 22 in the city council chamber. PHOTO: provided The saying goes “a new broom cleans” and that’s what Capetonians hope Cape Town’s new mayor, Geordin Hill-Lewis and his newly elected Committee of Mayors (Mayco) will bring: change. Hill-Lewis (35), who recently became …

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Sustainability Analyst position available in Cape Town, South Africa –

A renewable energy production company based in Cape Town, South Africa is looking to hire a Sustainability Analyst to join its team and take care of the compliance of reports and commitments of South African project companies. Registration deadline: 25 November 2021 Education requirements Bachelor’s degree in development economics, business …

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Irish developer won half of projects in latest South African renewable energy tender – pv magazine International

The weighted average cost of electricity to be produced by the latest 975 MW fleet of solar projects procured through a national tender program has fallen by more than 50% from the level recorded in the last fiscal year of this year. type, which was discontinued six years ago. November …

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Eskom Gets $ 57.6 Million Loan Approval From African …

Africa’s largest power company, Eskom, has received approval for a $ 57.67 million loan from the African Development Bank to boost power generation from renewable energy. Dr Daniel Schroth, African Development Bank’s Acting Director for Renewable Energy and Energy Efficiency, said the loan is based on a multi-donor funding program …

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South Africa concludes ‘turning to’ funding agreement to re …

The European Union, Germany, France, UK and US have partnered to support South Africa’s climate action goals by helping finance the shift from its heavy reliance on coal to cleaner and renewable sources of energy. The countries, which announced their partnership with South Africa during the COP26 climate negotiations in …

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South Africa – African Development Bank approves $ 57.67 million loan to Eskom to boost power generation from renewable sources

The Board of Directors of the African Development Bank has approved a loan of $ 57.67 million to Eskom Holdings SOC Ltd, South Africa’s electricity utility – and Africa’s largest – to operate battery storage technology that will increase electricity production from reliable and efficient renewable energy sources. . The …

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Mainstream Renewable Power projects will provide 1.27 GW of new wind and solar power to South Africa

The consortium led by Mainstream Renewable Power was awarded 50% of the total allocation in the last round of South Africa Renewable Energy Independent Power Producers Supply Program (REIPPPP) This victory makes Mainstream Renewable Power the leading renewable energy company in South Africa, with more than 2.1 GW allocated under …

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The government must shed light on the just …

‘Just transition’, a term frequently heard in adaptation to climate change, refers to the need to preserve the livelihoods of workers as countries move towards a climate-resilient and low-carbon economy and society. . In his October 11 bulletin, President Cyril Ramaphosa said that many important sectors of the economy would …

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Heat mounts over South African bank funding for fossil fuels

Cooling towers at the synthetic fuel plant of the South African petrochemical company Sasol in Secunda. Photo: Reuters Cooling towers at the synthetic fuel plant of the South African petrochemical company Sasol in Secunda. Photo: Reuters Empty reservoirs and water shortages in Cape Town show how vulnerable South Africa is …

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South Africa should not rush to ditch coal, minister says

JOHANNESBURG, Oct. 7 (Reuters) – South Africa must systematically manage its transition from power generation to coal and not rush the switch to renewable energy sources, the Minister of Mines and Mining said on Thursday. Energy, Gwede Mantashe. “I’m not saying coal forever,… I’m saying let’s manage our transition step …

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Sun Exchange Raises $ 2.5 Million Funding to Expand Offering

Sun Exchange has secured $ 2.5 million in the form of a convertible note from CAMBER Emerging Markets Partners Limited Africa Renewable Energy Fund (ARPF). The same company was also responsible for Sun Exchange’s previous $ 3 million investment as a lead investor in the Serie A startup funding round. …

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Alviva struggles to keep up with demand as global chip shortage kicks in

The financial performance of technology group Alviva, listed on the JSE, has been affected by the global shortage of processors and components. This came to light when the company announced its financial results for the fiscal year ended June 30, 2021 on Monday. During the period, Alviva recorded sales of …

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Off-Grid Solar Critical to Economic Prosperity in Sub-Saharan Africa

There is an urgent need for African governments and policymakers to prioritize off-grid solar to accelerate inclusive and sustainable economic development in a post-COVID-19 world. It is according to the last report by Bboxx and the Engineering Center for International Development at UCL, Off-grid energy and economic prosperity. The report …

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Co-op Bank signs agreement to boost green energy financing

The Cooperative Bank of Kenya on Tuesday (September 21) signed a loan portfolio guarantee agreement with the African Guarantee Fund (AGF) for small and medium enterprises in the amount of Ksh 750 million to increase transaction financing green in Kenya. The guarantee facility will allow, on the one hand, Co-op …

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How Emerging Economies Can Overcome Private Sector Risk Perception

The perception of risk associated with investing in emerging markets remains one of the limiting opportunities for a sustainable post-COVID economic recovery. Adopting a more holistic approach to risk mitigation is necessary to improve a country’s attractiveness and business environment and private capital projects. Risk mitigation should be understood as …

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Buhari regime defends Nigeria’s growing foreign lending, lists bogus projects

The presidency has backed the growing external loans that Nigeria is reeling under, saying the loans are meant to finance projects and programs that benefit Nigerians. In a statement released on Saturday, presidential spokesman Garba Shehu listed a few bogus projects and programs the loans would be spent on. The …

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Updates on vaccines, energy and climate change

New South African technology transfer center to replicate Moderna vaccine A technology transfer center in South Africa established in June aims to replicate, with Moderna’s help, the Moderna COVID-19 vaccine, according to a senior official at the World Health Organization. Moderna said in October 2020 that it will not apply …

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Struggling economy lets South African companies choose debt over issuance of shares

In Johannesburg, home of Africa’s largest stock exchange, 21 companies were instead delisted in 2021. Businesses in South Africa, especially smaller ones, find it easier and cheaper to take on debt to finance their growth than to issue stocks, according to an analyst. The companies raised a record $ 467 …

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IPO Mania shuns Africa, where fast-growing companies prefer to go into debt

(Bloomberg) – A global increase in initial public offerings has so far escaped sub-Saharan Africa. The companies raised a record $ 467 billion on global stock exchanges in the first eight months of this year, according to data compiled by Bloomberg. Yet in Johannesburg, home of Africa’s largest stock exchange, …

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Partners strengthen Africa’s fight against COVID-19 and poverty

An engineer works at the Soroti power plant in Uganda in December 2016. The plant was developed in partnership with USAID’s Power Africa. (© Isaac Kasamani / AFP / Getty Images) The United States and its international partners are investing $ 80 billion in Africa’s private sector to help end …

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coalition including Google, GivePower and Silfab Solar brings solar power to one of Africa’s oldest national parks and an important school of peace in the Democratic Republic of Congo | Texas News

AUSTIN, Texas, July 20, 2021 / PRNewswire / – GivePower Foundation, a non-profit organization committed to extending the environmental and social benefits of clean and renewable energy around the world, has completed three solar projects in the Democratic Republic of Congo (DRC) in partnership with Nuru, a Congolese renewable energy …

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Two Nigerians become partners in an American law firm

David-Chyddy Eleke An international law firm, McDermott Will & Emery, which is said to be the largest law firm in the United States of America (United States), announced the addition of two Nigerian lawyers, Emeka Charles Chinwuba and Nexus Uzoma Sea as partners of the firm. While Chinwuba will work …

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Cape Town plans to “move away from Eskom’s sole dependency”

The City of Cape Town is appealing to private and public sector financiers to help it improve its plans to reduce greenhouse gas emissions. This includes submission proposals for low-cost financing of renewable energy projects that will be owned and operated by the city, such as News24 reports. According to …

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Why patience is a virtue in the race to reach net zero

Infrastructure projects in emerging and frontier markets are seldom financially viable on their own due to financial, technical and regulatory barriers. “Patient capital” provides the time and space to start high quality infrastructure projects. Targeted investments of public funds can catalyze private sector investments in infrastructure projects that contribute to …

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Alok Sharma to address the African Development Bank in June 2021

Greetings to all of you. And thank you for inviting me to join you today. My friends, I am absolutely determined that COP26 will be a COP in the service of African nations. That it will support the countries of this continent to respond to the climate crisis, to seize …

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FSD Africa Investments Approves $ 4.5 Million Funding for Renewable Energy Financing Intermediary Nithio FI

Wednesday, June 23, 2021 / 4:00 p.m. / FSD Africa / Header image credit: FSD Africa FSD Africa Investments (FSDAi), the investment arm of FSD Africa, rrecently invested US $ 4.5 million in Nithio FI, a renewable energy finance intermediary focused on the off-grid solar sector Pay as You Go …

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GreenCape Highlights Green Investment Opportunities in New Market Reports

Featured Image: City of Cape Town Sector development agency GreenCape has launched the latest Market Intelligence Reports (MIR) which highlight investment opportunities in key sectors of the green economy. Developed each year in partnership with the Ministry of Economic Development and Tourism of the Government of the Western Cape, MIRs …

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LENAH MABUSELA shares her point of view on renewable energies in South Africa

Celebrating Youth Day 2021 in South Africa, ESI Africa spoke to Lenah Mabusela, one of Globeleq South Africa’s electrical engineers, about the importance of this commemorative day as well as the diversity in the sector. renewable energies. As an energy engineer, working at eight power plants, Lenah and the team …

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The role of solar energy in tackling the energy crisis in South Africa

Scatec currently has 448 MW of photovoltaic solar panels in operation in South Africa. Image: Scatec. In an effort to alleviate crippling electricity supply constraints and reduce the use of advanced diesel power plants, the South African government last August launched a technology-independent emergency tender for 2 GW of production …

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Is the Nigerian start-up ecosystem the key to the country’s recovery from the coronavirus? | Nigeria 2021

– A recent report named Nigeria as the African country with the most tech start-ups – Launched in 2019, the Digital Economy Policy is committed to boosting the sector – Various obstacles remain to be overcome, linked to both regulations and infrastructure – 4IR start-ups are changing the face of …

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Climate change and the future of development finance in Africa

For three days last week, from June 1 to 3, 2021, the African Development Bank (ADB) and the Association of African Development Finance Institutions (AADFI) hosted a webinar aimed at enlightening stakeholders on the challenges and opportunities facing development finance in Africa. Some of the issues discussed include foreign direct …

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South Africa reopens window for renewable energy boom

South Africa is trying to ensure additional electricity production in a number of ways, but speed is key. The Department of Mineral Resources and Energy (DMRE) launched the Independent Renewable Energy Producer Supply Program (REIPPPP) tender window 5 in March. It will end on August 16, 2021. Bidders may submit …

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Feasibility of Renewable Energy in Ethiopia by Analyzing Financing Options |

Featured Image: Stock RES4Africa and BonelliErede recently discussed project finance, mitigation tools and more in an online meeting focused on Ethiopia and its renewable perspectives. BonelliErede, an international law firm, together with the RES4Africa Foundation, an organization dedicated to promoting renewable energy in Africa, addressed the management of bankability issues …

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A look at Cardano’s major blockchain projects for Africa

African countries have always been the early adopters of fintech. Emerging technology has been at the forefront of major solutions across the continent. More recently, IOHK announced its big plans in what it says is the biggest blockchain deal in history. Solve problems with emerging technologies Despite the common idea …

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Hydrogen, finance and climate change at the center of attention at high-level Enlit Africa

Can Africa carve out a role for itself in the booming hydrogen market? How do cities protect their energy sectors and water systems from the climate? Where will the funding for the 5Ds of the energy transition come from? These are just a few of the relevant questions and topics …

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Global Forwarding South Africa acquires STACKS South Africa

Integrated Service Solutions – Global Forwarding will welcome the entire STACKS South Africa team to its Cape Town office at the end of this month. From June 1, STACKS will operate under ISS – Global Forwarding from the ISS office in Plattekloof, Cape Town. This acquisition is the first transaction …

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Africa needs electricity more than ever, especially to keep COVID-19 vaccines cold

People stand next to solar panels at the Zaktubi solar power plant, near Ouagadougou, on … [+] November 29, 2017, the day of its inauguration. / AFP PHOTO / POOL / ludovic MARIN (Photo credit should read LUDOVIC MARIN / AFP via Getty Images) AFP via Getty Images Solar energy …

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Here’s why Tesla owners love their cars and their rivals hate them: Tesla Motors Inc (TSLA)

Tesla Motors Inc has a very loyal clientele and they are extremely passionate about their cars. Have you ever wondered what is so special about Tesla cars? Quora houses a thread that asks customers what makes them love their Tesla. Why do Tesla owners love their cars so much? People …

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