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)
The plant is expected to begin generating in 2024. (Image source: Adobe Stock)
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
The MoUs will see the development of a desalination plant and a Combined Cycle Gas-Turbine plant. (Image source: ACWA Power)
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 will acquire Daystar Power to deliver carbon emission reductions and power cost savings to C&I businesses across Africa. (Image source: Adobe Stock)
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
The South African energy crisis having a dramatic impact on the countrys economy. (Image source: Shutterstock)
South Africa, the southernmost country of the world’s most resourceful continent, is going through successive rounds of load shedding, representing an ongoing period of widespread national-level rolling blackouts as electricity supply falls behind electricity demand