Renewable energy Archives

EGYPT GOVT. MAKING PLANS TO REACH 60% DEPENDENCE ON RENEWABLE ENERGY BY 2040

Posted on July 5, 2023 by Gambeta News

Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that Egypt aims to reach 60 percent of dependence on renewable energy by 2040. Shaker explained that the Egyptian strategy was aimed at reaching 42% of the energy mix coming from renewable energy by the year 2030, but this strategy is currently being updated, based on the existing data and the availability of wind and solar energy resources and their low prices. He further added that…

LIBERIA SIGN DEAL WITH WORLD BANK FOR 60MW RENEWABLE ENERGY

Posted on February 2, 2023 by Gambeta News

Liberia has signed a financing agreement with the International Development Association for the production of an additional 60MW of renewable energy geared toward further solving the country’s energy crisis. The project is an initiative of the World Bank under the Regional Emergency Solar Power Intervention Project (RESPITE). It is a US$311 regional program supported by the World Bank to scale up electricity access to millions of existing and prospective consumers in Chad, Liberia, Sierra Leone,…

AFDB TO INVEST US$20M INTO AFRICA’s RENEWABLE ENERGY

Posted on November 17, 2022 by Gambeta News

The Board of Directors of the African Development Bank Group today approved an equity investment of $20m in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilizing about $400m into renewable energy and resource-efficiency assets across sub-Saharan Africa over 10 years. Inspired Evolution Investment Management is a fund manager with more than 15 years of experience and a track record of deploying more than $310m in renewable energy projects…

South Africa – Carbon tax – Impact on carbon-intensive businesses and the way forward

Posted on September 16, 2022September 16, 2022 by Gambeta News

By Denny Da Silva, Director Designate, Baker McKenzie Johannesburg South Africa’s carbon tax, which came into effect in 2019, is predicated on the “polluter pays” principle and ensures that the real cost of greenhouse gas emissions to the environment and society are incorporated into the price of carbon-intensive production activities. This tax was introduced to assist South Africa to deliver on commitments made in the Paris Agreement in 2015, which aimed to substantially reduce global greenhouse…

BOTSWANA APPROVES PLAN FOR HUGE RENEWABLE ENERGY PROJECTS

Posted on December 21, 2020 by Gambeta News

Unveiled on Monday, the newly approved Integrated Resource Plan (IRP) shows that government plans to develop or procure 1,540MW of new generation between now and 2040. Of that amount, 1,240MW will be from renewable energy projects. “The IRP meets the country’s growing energy demand at least cost while also reducing the country’s carbon footprint,” said Mineral Resources, Green Technology and Energy Security deputy permanent secretary Nchena Mothebe in a statement. At present, most of Botswana’s…

HOW ELECTRICITY IS VITAL FOR AFRICA’s HEALTHCARE SECTOR DURING COVID19

Posted on May 13, 2020 by Gambeta News

Electricity is one of the most important infrastructure needed at the moment as the world continue its fight against the novel virus. Modern health services require electricity everywhere in the world. Yet today, health clinics and hospitals in sub-Saharan Africa and much of the developing world still remain underserved by the electrical grid. Health facilities require stable power to provide 24/7 care and avoid unnecessary increased mortality especially during this Covid19 pandemic. According to the…

UK TO INVEST IN AFRICA’S RENEWABLE ENERGY

Posted on January 24, 2020 by Gambeta News

UK will invest over USD 65.7 million into renewable energy projects in selected African countries. The projects include solar farms in Kenya, geothermal power stations in Ethiopia and clean energy storage in sub-Saharan Africa. The countries will receive funding and support from UK scientists to perfectly utilize their abundant renewable energy. According to Business and energy secretary Andrea Leadsom, the government underlined that close collaboration with African countries will be key as the UK prepares…

SOUTH AFRICA GOVERNMENT PUNTS RENEWABLE ENERGY

Posted on August 28, 2018August 29, 2018 by Gambeta News

South Africa government is set to put plan of renewable energy to use South Africa government has launch its weight behind renewable energy in the new integrated resources plan (IRP). Meanwhile, the plan will see no increase in use of nuclear energy up until the year 2030. Minister of Energy Jeff Radebe said ”There will be detailed technical analysis to see how much may be needed post 2030- up until 2050. He also said the actual total electricity consume is…

R16M SOLAR FARM INSTALLED ON TOP OF RANDRIDGE MALL

Posted on October 4, 2017 by Gambeta News

As part of promoting the use of renewal energy, Emira property funds has installed R16m solar farm on top of its Randridge mall in Randpark ridge, Johannesburg. The photovoltaic solar farm on the mall consists of 10,900 panels, it produces approximately 1.2MWh of electricity.Its panels were specially imported and manufactured by Canadian Solar/Jinko, and it uses SMA inverters. This solar farm helps the mall to save 2GWh of electricity every year, and it is estimated…