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Aker Horizons buys 75% stake in Mainstream to drive 5.5-GW expansion
Aker Horizons is to pay $919mn to buy a 75% equity stake in Mainstream Renewable Power, valuing the developer at $1.11bn.
Green investment breaches $500mn barrier in 2020
Green investment rose by 9% in 2020, with offshore wind and EVs showing the most dynamic growth
IEA calls for urgent action to cut methane emissions
The IEA has called on companies, governments and regulators to reduce methane emissions from the oil and gas sector.
Africa’s electricity unlikely to go green this decade
Research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix.
GERD talks fail again
The latest talks on the Grand Ethiopian Renaissance Dam (GERD) have again broken down, with the Egyptian side blaming differences on how to resume talks and on the procedural aspects related to managing the negotiation process.
Globeleq takes over Nigerian generator CPGNL
Africa-focused IPP Globeleq is to take a 74% majority equity stake in Nigeria’s CPGNL Ltd (CPGNL), which will be rebranded as Globeleq Power Solutions Nigeria Ltd.
AfDB to mobilise $6.5bn to fight climate change and boost sustainability
The African Development Bank (AfDB) has pledged to mobilise up to $6.5bn in funding for the Sahel region's Great Green Wall Initiative.
Siemens Gamesa, Siemens Energy to develop offshore green hydrogen production
Siemens Gamesa and Siemens Energy have unveiled plans to work together to develop a new green hydrogen production technology using offshore wind turbines.
Libyan power plants still need gas
Despite the rapid recovery in its oil production, Libya is still working to ensure fuel deliveries to GECOL's power plants.
Senegal pushes start date for GTA gas production back to 2023
Senegal’s Oil Minister Sophie Gladima revealed last week that investors in the Grand Tortue/Ahmeyim (GTA) project had pushed the start date for natural gas production back to 2023.
FRU arrives at Ghana LNG terminal
Enel, Qatar Investment Authority to develop renewables in Africa
Enel Green Power has farmed in a subsidiary of Qatar Investment Authority into its 800-MW renewables pipeline in South Africa and Zambia.
Eskom takes Koeberg reactor offline, prompting more load-shedding
Eskom has closed Unit One at its 1,800-MW Koeberg nuclear power plant after leaks were found in one of the steam generators.
Siemens Gamesa seals first wind project in Ethiopia
Siemens Gamesa has signed its first wind power project in Ethiopia with state-owned utility Ethiopian Electric Power (EEP).
Nigeria to begin $1.6bn power investment in 2021
The Nigerian government is confident that the World Bank-backed $1.6bn investment in the country’s transmission work will begin to be felt this year, with up to 7,000MW available through the grid.
GERD talks remain hostage to regional conflicts
Regional unrest could derail the GERD project unless all governments involved remain committed to the success of the latest round of talks
Kenya, Eni discuss biofuel production in Mombasa
Total asks some staff to vacate Mozambique LNG site on safety concerns
France’s Total is reported to have asked some of the staff working on the construction of Mozambique LNG to vacate the site on security concerns.
Ethiopia preparing to scrap GTL contract following probe
Ethiopia’s Ministry of Mines and Petroleum has announced plans to exit the contract it signed with US-based GreenComm Technologies last April for the construction of a new gas-to-liquids (GTL) plant in the Somali region.
AfDB secures $90mn in donor commitments to fund sustainable generation
The African Development Bank (AfDB) has secured $90mn in new donor commitments for the Sustainable Energy Fund for Africa (SEFA), which aims to fund sustainable generation and nudge governments away from dirty and costly fossil fuel technology.
Nigeria opens EU-supported solar off-grid projects
The Nigerian government has said it wants solar energy to improve access-to-power in rural areas as it opens a number of Solar Nigeria power projects across the country.
Green hydrogen has potential to compete with fossil fuels by 2030
Hydrogen produced with renewable electricity, known as green hydrogen, could compete on costs with fossil fuel alternatives by 2030, the International Renewable Energy Agency (IRENA) has claimed in a new report.
ABB agrees to refund Eskom $105mn
ABB has agreed to pay back ZAR1.56bn ($105mn) it had received from Eskom for what have proved to be fraudulent tender payments related to the construction of the Kusile Power Station.
Ethiopia, Sudan, Egypt all claim to be ready for GERD talks, but no breakthrough yet
Ethiopia and Sudan have agreed to try to resume negotiations with Egypt on breaking the deadlock around construction of the Grand Ethiopian Renaissance Dam (GERD).
Green investment forecast to return to pre-COVID levels in 2021
Global capex spending on ren–ewables is poised to bounce back in 2021, rising 8.5% to $255bn – in line with 2019 levels, IHS Markit Energy Advisory Service said this week.
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