The Nigerian Electricity Regulatory Commission (NERC) has confirmed that four state governments—Enugu, Ekiti, Ondo, and Imo—are now set to assume control of electricity generation, transmission, and distribution within their respective states. This follows the ongoing transfer of regulatory authority from NERC to state-level regulators. In an announcement shared on the social media platform X, NERC […]Read More
Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More
Nigeria and some other African countries are set to be beneficiaries of $90 billion in electricity funds backed by the World Bank and the African Development Bank. The fund is part of the global financial institution’s plan to provide electricity to the 300 million African population by 2023, a Bloomberg report revealed. On Friday, leading […]Read More
Germany’s power market is in the midst of a significant transition. Demand continues to fall despite normalizing prices, and retired coal and nuclear capacity mean the European giant is now heavily reliant on imports from its neighbors. But it’s not all bad news for the sector. Rystad Energy projections show Germany will surpass its policy […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
All On, a Shell-funded Nigerian impact investment company, has awarded a $395,000 grant to Ceesolar Energy Limited in an effort to promote sustainable development and economic growth in the Niger Delta. All On, in a statement released on Thursday, said the investment marks the first beneficiary of the Niger Delta Grant program, a collaborative initiative […]Read More
Targets for 100 percent electric vehicle adoption by 2035 cannot be achieved without an unprecedented acceleration in copper mining, according to Joseph McMonigle, the Secretary General of the International Energy Forum. Copper is the most essential mineral for societal development, but growing electrification needs globally cannot be met if limited supplies of copper are taken […]Read More
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
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.