Platinum miners eye solar power as a green answer to load shedding

SOUTH AFRICA – The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye Stillwater, the number one platinum miner, Impala Platinum Holdings and Anglo American Platinum said they plan to scale up solar and wind farms for their own use to cut reliance on state-owned utility Eskom, some of whose aging coal-fired plants have failed to keep up with electricity demand. South Africa…

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Eni and Kenyan government sign MoU to promote biofuels

KENYA – Oil and gas company Eni and Kenya’s Ministry of Petroleum and Mining have signed a Memorandum of Understanding (MoU) to promote the decarbonization process. The MoU will tackle climate change through new industrial models of a fully integrated circular economy along the whole biofuel production value chain. They will jointly conduct feasibility studies to develop waste and residue collection as well as agricultural projects, with the purpose of establishing a wide range of feedstock sources that do not compete with food cycles, to be transformed into biofuels and…

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PowerGen secures US$9m, partners CrossBoundary Energy Access to build minigrids

NIGERIA – PowerGen, a leading distributed energy developer in Africa, has partnered with CrossBoundary Energy Access to build 28 minigrids after securing US$9 million in construction financing. Although the minigrids’ technical specifications are yet to be announced, PowerGen will develop and maintain systems to provide approximately 55,000 rural Nigerians with electricity. Each distributed energy system will consist of PV solar and battery storage built into a special purpose vehicle, serving residential, commercial and productive use customers in parts of the country without grid electricity. Under the unique “take-out at completion”…

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EIB gives US$94.3m towards geothermal power production in SSA

SSA – A total of seven Sub-Saharan Africa nations are set to benefit from €80 million (US$94.3 million) funding from the European Union investment arm European Investment Bank (EIB) to increase geothermal power production. The European Investment Bank (EIB) approved the funding on 17th July 2021targeting private sector-led geothermal power projects in East Africa. The funding will benefit projects in Kenya and 17 other countries, including Ethiopia, Rwanda, Tanzania, Uganda, Mauritius, Mozambique, and Madagascar. “Eligible projects will typically include greenfield development and brownfield expansions, with proven geothermal resources,” said EIB.…

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Power producer Kengen to invest US$2b in new geothermal power plants in Kenya

KENYA – Electricity producer Kenya Electricity Generating Company (Kengen), has disclosed plans to invest as much as KSh216 billion (US$2 billion) in four new power plants in Kenya over the next five years, Bloomberg reports. The leading power generator is shifting focus from sources like hydroelectric power and thermal power to geothermal power. Kengen is the largest energy generating company in East Africa and has also drilled over 310 geothermal wells since its establishment and supplied 1,818 Megawatts to the national grid. Geothermal energy is becoming a major source of…

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Total Eren set to construct 50 MWp solar power plant in the capital of Gabon

GABON – Total Eren, a renewable energy independent power producer (IPP), has signed an agreement with the Gabonese authorities for the construction of a 50 MWp solar power plant near the capital Libreville, Gabon. Total Eren, which is 30% owned by the French oil company Total Energies, signed the preliminary agreement with Alain-Claude Bilie By Nze, Gabon’s Minister of Energy and Water Resources. The electricity will be fed into the grid of the Société d’énergie et de l’eau du Gabon (Seeg). The solar project should enable Gabon to diversify its…

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Distributed Power Africa to install solar panels in TotalEnergies Zim service stations

ZIMBABWE – Distributed Power Africa, Econet Global subsidiary, has clinched a deal to install solar panels at 15 TotalEnergies Zimbabwe service stations in Zimbabwe.  The deal is part of Total’s initiative to install solar-powered service stations across 57 African countries to create a portfolio of low-carbon businesses that will account for at least 20 percent of the energy conglomerate’s trading by 2040.  Mr. Divyajeet Mahajan, DPA Zimbabwe CEO, said his company was contracted to custom-design the grid-tied solar photovoltaic (PV) systems, procure equipment and install the power solutions. DPA will…

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IPP Legendre Energie signs contract for its 50 MWp solar power plant

MALI – Independent Power Producer (IPP) Legendre Energie, the subsidiary of the French group Legendre, has just signed a 25-year concession contract for its 50 MWp solar power plant in Fana with the Malian Ministry of the Economy and Finance and the Ministry of Energy The future solar photovoltaic power plant will be built under the BOOT (Build-Own-Operate-Transfer) model, a form of public private partnership (PPP). “The project aims to promote the national economy through the development of the energy sector. By increasing the electricity production capacity of the national…

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African Trade Insurance Agency invests in Malawi’s Salima Solar plant

MALAWI – The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant, by providing a revolving liquidity guarantee that can be drawn following any payment delays by the national off-taker – Electricity Supply Corporation of Malawi Limited (ESCOM). This is the second project in the country to benefit from RLSF, the first project being Phase 1 of the Nkhotakota Solar Power Plant, with an initial installed capacity of 21MW. The 60MW Salima Solar PV plant, being one of the most…

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Nedbank raises US$64.5m to finance green projects in South Africa

SOUTH AFRICA – Financial services group Nedbank has raised R910 million (US$64.5 million) to finance green infrastructure projects in South Africa. The capital raise comes as the South African government is driving renewable energy in the country to boost energy security. This, as power utility Eskom, which provides over 90% of South Africa’s power needs, has battled to keep the lights on, much to the detriment of the economy. In a statement, Nedbank says a total of R910 million (US$64.5 million) was raised through the issuance, which took place in…

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