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
Empower New Energy is providing $13 million in financing to WATT Renewable Corporation. In Nigeria, WATT is installing hybrid solar systems to power telecoms pylons. WATT Renewable Corporation, which is based in Calgary, Alberta, Canada, has secured $13 million in financing from Empower New Energy, an investment company specialising in renewable energy. “This financing represents […]Read More
The Energy Invest: Namibia 2023 publication, the official investment report on oil, natural gas, power, mining and renewable energy sectors of the country, will be launched at the “Invest in Namibia Energies” strategic session at African Energy Week 2023 (AEW) in Cape Town on October 18. Endorsed by the Ministry of Mines and Energy and […]Read More
President Bola Ahmed Tinubu has released the list of portfolios for his ministerial appointees, and they are: South West Minister of Communications, Innovation and Digital Economy – Bosun Tuani Minister of State, Environment and Ecological Management – Ishak Salako Minister of Finance and Coordinating Minister Of The Economy – Wale Edun Minister of Marine and […]Read More
TotalEnergies has obtained from the Spanish authorities (Ministry of Energy Transition and Autonomous Communities) a favourable Environmental Impact Assessment for an estimated 3 GW of installed capacity. Large-scale solar projects throughout the country This favourable result relates to the 48 power plants that TotalEnergies will develop in the Madrid region (installed capacity of 1.9 GW), […]Read More
Shell funded impact investment company, All On, through its Demand Aggregation for Renewable Technologies (DART) program, has committed $11 million to support 25 mini-grid projects in Nigeria. This was made known at an inaugural DART workshop with off-grid developers, commercial banks, domestic investors, and other critical stakeholders to discuss strategies to unlock local currency commercial […]Read More
Digital technologies can improve the functioning of power grids to help successfully integrate clean energy sources, but a lack of investment in these networks could slow down the energy transition and increase costs, particularly in emerging and developing economies. According to a new report by the International Energy Agency, digital technologies could save $1.8 trillion […]Read More
With the global energy crisis as a catalyst, solar PV and wind are set to lead the largest annual increase in new renewable capacity ever, a new report by the International Energy Agency has shown. Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher […]Read More
Global investment in clean energy is on course to rise to $1.7 trillion in 2023, with solar set to eclipse oil production for the first time, according to a new report by the International Energy Agency (IEA). The Agency said that investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability […]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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