The heightened focus on energy security and the rising cost of energy is reinforcing the difference in decarbonisation speed between Europe and the rest of the world, according to DNV’s Energy Transition Outlook

At the Africa Renewables Investment Summit (ARIS), that took place in Cape Town, South Africa, Empower New Energy, a Norwegian solar development and investment company, signed a landmark agreement to raise US$74mn from a consortium led by Climate Fund Managers (CFM), manager of Climate Investor One (CIO)

Voltalia, an international player in the renewable energy market, has concluded a corporate power purchase agreement with Richards Bay Minerals (RBM), a leader in mineral sands extraction and a subsidiary of Rio Tinto, for the largest renewable energy site dedicated to a corporate client in South Africa

ACWA Power, a leading Saudi operator of worldwide water desalination and green hydrogen plants, has announced it has signed a memorandum of understanding agreements with both National Water Company of Senegal (SONES) and the National Electricity Company of Senegal (SENELEC)

Shell, a British multinational oil and gas company, has expanded its presence in Africa’s emerging power market through the acquisition of Daystar Power, a West African provider of hybrid solar power solutions to commercial and industrial (C&I) businesses