The potential value of the MoU is estimated at US$10bn. (Image source: ACWA Power)
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
To enable such a massive transformation, a combination of climate finance, effective planning and system reforms will be essential. (Image source: Adobe Stock)
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
This provides Sasol with the opportunity to incubate local and export opportunities for green hydrogen and green hydrogen derivatives. (Image source: Adobe Stock)
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
For the first time, DNV’s forecast sees non-fossil energy go above 50% of the global energy mix by 2050. (image source: adobe stock)
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
The agreement was signed at the Africa Renewables Investment Summit. (Image source: Empower)
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)