Ghana has entered into a partnership with Israeli company Yam Pro Energy to explore ways to use wave energy in order to meet energy supply crisis in the country
Renewables
ICD and Alfa Solar Co. to part-fund the development, construction and operation of a 50MW solar PV project in Egypt
Alfa Solar has executed a power purchase agreement with the Egyptian Electricity Transmission Co. (EETC) in May 2017 and is working with ICD and EBRD to achieve financial close by October 2017
ABB to acquire GE Industrial Solutions
ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business
'Greater finance is needed to close the electricity access gap by 2030'
Sustainable Energy for All (SEforALL) and partners announced on 18 September in New York, first-of-its-kind research analysing finance flows for electricity and clean cooking access in 20 countries across Africa and Asia with significant access gaps, and how finance strategies could be scaled and refined to reach more people, more affordable, with sustainable energy
Total partly acquires EREN Renewable Energy to expand its renewable business
Total will acquire an indirect interest of 23 per cent in EREN RE by subscribing to a capital increase for an amount of €237.5mn (US$282.92mn). The agreement also gives Total the possibility to take over control of EREN RE after a period of five years