Africa Energy Indaba’s Post

Astra Energy Signs MOU For 100MW Renewable Energy Park In Lesotho, South Africa Astra Energy Inc. is delighted to announce the signing of a memorandum of understanding (MOU) with the Lesotho National Development Corporation, facilitated by Aztec Management Consultants Inc. The MOU outlines plans for the development of a 100-megawatt (MW) Clean and Renewable Energy Park in Lesotho, situated within South Africa. Astra aims to be the proprietor and operator of this project as an independent power producer, aligning with its established business model used in projects like the 50-MW Clean and Renewable Energy Park in collaboration with Zanzibar Electricity Corporation and the 350-MW combined cycle power plant in mainland Tanzania. These endeavors […] Read the full story here: https://lnkd.in/dV8yHxSi #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #africa #astraenergy #lesothonationaldevelopmentcorporation #renewableenergy #solarenergy #southafrica

Rural Electrification Agency of Nigeria (REA) and EM-ONE Energy Solutions (EM-ONE) signed a Memorandum of Understanding (MoU) to develop and deploy a groundbreaking 350 megawatts of renewable energy projects across Nigeria.  The MoU between REA and EM-ONE was signed this week by REA’s CEO and Managing Director, Abba Abubakar Aliyu and EM-ONE's Director of Sustainable Energy, Adnan Rashid at the Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2024 in Lagos. The partnership between REA and EM-ONE will be supported by a $750 million DARES Project (Distributed Access to Renewable Energy Scale-Up), funded by The World Bank and administered by REA. DARES is expected to launch later in 2024. The collaboration will significantly increase generation capacity within Nigeria, with EM-ONE focused on developing and deploying interconnected mini-grids (IMGs), healthcare facility electrification, e-mobility, smart grids, virtual power plants (VPP) and capacity building for renewable energy across Nigeria. Read more: https://lnkd.in/gMsXFUtB #RenewableEnergy #Solar #Nigeria #Investment

PNE AG Sells 240 MW Solar Project in South Africa, Strengthening Clean Energy Efforts with NOA Group Partnership In a significant advancement in the renewable energy sector, PNE AG has successfully completed the sale of a substantial photovoltaic project in South Africa. The project, known as Khauta, boasts a total capacity of 240 MW and has been acquired by NOA Group Ltd., a prominent South African energy company. Situated in the Free State province, a region predominantly driven by mining and agriculture, the project is poised to make a substantial impact on the local economy and energy supply. Expected to be fully developed by mid-2024, Khauta represents a critical step forward in South Africa’s pursuit of clean energy […] Read the full story here: https://lnkd.in/d8mTXUCB #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #acquisition #africa #aiim #noagroup #pneag #renewableenergy #solarenergy #southafrica

The Rural Electrification Agency of Nigeria (REA) signs MoU with 5 Private Developers to scale up electricity access. The MoUs were signed for the delivery of a combined 1,265 MW capacity of DRE projects, including inter-connected minigrids (IMGs), isolated minigrids, C&I, and PUE (the “Projects”), with the purpose of electrifying peri-urban and rural communities (including markets, businesses, households, public institutions, health clinics and schools) in both weak grid and off-grid areas. The breakdown of the combined capacity of 1,265MW is as follows: ⚡️A4T Solar: Targeting the development of 315 MW. ⚡️PriVida Power Limited: Committing to the development of 200 MW. ⚡️SKIPPER LIMITED: Aiming to implement 250 MW. ⚡️Euxwell Nigeria Limited: Focused on the development of 250 MW. ⚡️Havenhill Synergy Limited: Planning to develop 250 MW of solar energy projects. These Projects fall under the Distributed Access through Renewable Energy Scale-up (DARES) project, which is administered by The Agency. Furthermore, this partnership will bring about the introduction of new energy service models, including Virtual Power Plants (VPPs), enable the mass adoption of energy efficient appliances and PUE devices through sales, distribution and credit financing as well as bring about the introduction of a range of value-added services, including e-mobility, agricultural processing, cold storage and e-cooking. During the signing, the Managing Director/CEO of REA, Abba Abubakar Aliyu stated “this is a landmark event under the DARES programme and the introduction of the Renewable Energy Service Companies (RESCOs) model. The RESCO model aims to provide developers with a platform to become utility companies where they can be able to attract investment to deploy mini grids. Read more: https://lnkd.in/dwn7BgBC #RenewableEnergy #Solar #Nigeria #Investment

ICYMI: ENGIE Energy Access is preparing to deploy 15 solar mini-grids in Zambia's Eastern Province, with a target of 60 installations by 2025. This project, financed by the European Development Fund and the European Union, aims to improve access to electricity for local families and small businesses. L’article ENGIE Energy Access deploys 15 Solar Mini-Grids in Zambia est apparu en premier sur energynews.

Globeleq Boosts Kenya's Renewable Energy with $39 Million Battery Storage Project at Malindi Solar Plant Globeleq, a leading UK-based private power company, is set to revolutionize Kenya's energy landscape with a s $39 million (approx. Sh4.6 billion) investment in battery storage for its Malindi solar plant. The Energy and Petroleum Regulatory Authority (EPRA) has already approved this project, aiming to bridge the gap between solar energy production peak times and the country's evening demand surge. With a target capacity of 40 megawatt-hours, the battery storage facility is set to enhance the efficiency and reliability of renewable energy supply in Kenya, supporting the nation's transition towards sustainable power sources.  This initiative comes as part of the broader UK-Kenya strategic partnership, underlining both countries' commitment to advancing green energy solutions in line with global climate action goals. #RenewableEnergyKenya #SolarPowerStorage #GlobeleqInvestment #SustainableDevelopment #GreenEnergyTransition

Nigeria solar initiatives | Case study 2 Renewable Energy Projects by Foreign Missions in Nigeria This second piece in the series will focus on renewable energy initiatives sponsored by foreign missions in Nigeria. Our research shows that more than seven countries have contributed directly to Nigeria’s renewable energy sector in the last ten years. These direct contributions were made through investments, capacity building, grants, training, and pledges. Some of the key contributors include the Netherlands, Denmark, Norway, Finland, Germany, Canada, China, India and the United Kingdom. As more industries brace up to embrace renewable energy, we expect a flurry of activities in the renewable energy sector in the short to mid-term. For example, recent news headlines show that Nigeria’s $30 billion telecom industry will expectedly be the latest to adopt clean technologies. The switch, motivated by the high operating cost of the industry, is expected to result in an annual cost saving of $360 million. We invite you to read the full article here: https://lnkd.in/e7VaR3tW Connect with our colleagues Claudy Luft, Amber van Spronsen and our regional colleagues at Commercium Africa Limited for more information on how you can engage with this dynamic sector and contribute to its growth. #RenewableEnergy #Nigeria #Sustainability #Investment #SolarEnergy

Whilst in Lagos Nigeria, preparing for our solar project, I learned some staggering facts and figures about diesel consumption from experts: 1. Daily Diesel Consumption: Nigeria consumes an average of 14 million liters of diesel per day, primarily due to the unreliability of on-grid power. In essence, generators provide the daily electricity needs. 2. Annual Household Spending: Nigerian households spend an estimated $14 billion annually on fueling generators, which includes both diesel and petrol. And the costs are rising. 3. Cost Comparison: While grid electricity costs are estimated at N200 per kilowatt-hour, diesel generator-powered electricity can cost upwards of N900 per kilowatt-hour. In short: significant reliance on diesel generators in Nigeria due to the unreliable grid, results in substantial economic costs for both households and businesses. Every challenge presents an opportunity though. And this was how RenewableTechNigeria was born. Happy to share some of the results, made possible by this fantastic consortium of companies and experts.

ACWA Power Expands Renewable Presence in Africa, Reinforcing Its Role as a Leading Investor on the Continent ACWA Power has expanded its renewable energy footprint in Africa, announcing that its Redstone Concentrated #Solarpower (CSP) plant in South Africa is now generating 50 MW and is on track to reach its full 100 MW capacity in the coming days. This project, developed in collaboration with Herlogas and SEPCOIII, is synchronized with South Africa’s national grid and will provide clean #energy to nearly 200,000 households, significantly reducing carbon emissions. Additionally, ACWA Power’s Kom Ombo Photovoltaic (PV) plant in Egypt has achieved its full operational capacity of 200 MW, supplying clean energy to over 200,000 households and marking another milestone in ACWA Power’s expanding portfolio in #Africa. With a total of USD 7 billion in investments across Africa, ACWA Power is one of the continent’s leading private-sector investors in renewable energy. The company is also advancing initiatives in #greenhydrogen, #energy storage, and #water desalination, further strengthening Africa’s renewable energy and water #infrastructure. Recent agreements with Egypt and Tunisia underscore ACWA Power’s commitment to driving green hydrogen projects across Africa. Marco Arcelli, ACWA Power’s CEO, stated, “Our investments in Africa underscore our commitment to sustainable growth through strategic partnerships and innovative technology. ACWA Power is not only a financial leader but also a committed partner and pioneer in shaping Africa’s #energy and water future. We are eager to invest where opportunities are most promising, bringing positive change to communities across the continent.” https://lnkd.in/dbRXhCuR ACWA Power HERLOGAS, S.A. SEPCOIII Electric Power Construction Co., Ltd. #RenewableEnergy #SustainableDevelopment #SolarPower #GreenEnergy #CleanEnergy #GreenHydrogen

Sub-Saharan Africa offers a huge opportunity to invest in renewable energy by 2031, according to a new study.