ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a memorandum of understanding (MoU) with the Industrial Development Corporation of South Africa (IDC), a government-owned development finance institution, to explore the development of green hydrogen and its derivatives in South Africa
Renewables
COP27 provides opportunity to lay foundations for Africa’s clean energy future
Pathways for Africa’s Energy Future, a report from the technology group, Wärtsilä, provides power system modelling of three African countries – Nigeria, South Africa and Mozambique
Sasol to decarbonise and reindustrialise South African regions through green hydrogen
Sasol and ArcelorMittal South Africa have announced a partnership to develop carbon capture technology to produce sustainable fuels and chemicals, as well as green steel production through green hydrogen and derivatives
DNV: Energy crisis reinforcing two speed energy transition in short term
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
Empower New Energy to accelerate solar investments
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)