The World Bank and the African Development Bank (AfDB) have announced plans to come together and provide access to energy for 300 million Africans by 2030. According to the Banks, the plan will cost around $30 billion and is to be funded by the World Bank through the International Development Association (IDA) and the AfDB […]Read More
Egypt has inked seven memoranda of understanding (MoUs) with international developers in the green hydrogen and renewable energy domains. These agreements, poised to attract investments totaling approximately $40 billion over the next decade, mark a pivotal step in Egypt’s ambitious green energy agenda. According to Planning Minister Hala al-Said, the investment landscape is set to […]Read More
In the final quarter of 2023, European power producers achieved a significant milestone by generating more electricity from wind sources than from coal for the first time. According to data from the think tank Ember, Europe’s utilities produced a record-breaking 193 terawatt hours (TWh) from wind sites, surpassing the 184 TWh generated from coal-fired power […]Read More
President Bola Tinubu will embark on a journey to Dubai, United Arab Emirates, on Wednesday to participate in the Conference of Parties (COP) 28 Climate Summit, also known as the 28th United Nations Climate Change Conference, or Conference of the Parties of the UNFCCC (COP28). The President will address the World Leaders’ Summit, scheduled for […]Read More
Copenhagen Infrastructure Partners (CIP) has acquired the majority stake in Mulilo Energy Holdings (Mulilo), a prominent renewable energy developer in Cape Town, South Africa, through its Copenhagen Infrastructure New Markets Fund I (CI NMF I). According to multiple reports, CIP will take over the company, while Mulilo’s current founders and management will continue to lead […]Read More
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