Can Dubai’s Equitane Lead Africa’s Green Manufacturing Revolution?

Dubai-based holding company, Equitane, has its sights set on becoming a key player in Africa’s industrial transformation.  Their ambitious plan focuses on establishing a leading position in both manufacturing and renewable energy across the continent.  This move not only represents a significant expansion for Equitane, but also holds the potential to significantly impact Africa’s economic…

Read More

How Banks Can Spearhead the Transition to Green Energy

The urgency of addressing climate change grows ever more pressing. As the world grapples with environmental degradation and rising temperatures, a critical shift is taking place within the financial sector.  Banks are emerging as powerful agents of change, playing a transformative role in driving the transition towards green energy solutions. The traditional banking landscape is…

Read More

Hydrogen Positioned as the ‘Fifth Wave’ of UAE’s Clean Energy Initiative

The United Arab Emirates (UAE), a nation long associated with its vast oil and gas reserves, is embarking on a groundbreaking shift in its energy strategy.  Hydrogen, a clean-burning fuel with the potential to revolutionize global energy consumption, has taken center stage as the “fifth wave” of the UAE’s ambitious clean energy drive.  This strategic…

Read More

What You Need to Know About Kenya’s Proposed Environment Levy and Green Bond Tax

Kenya is at a crossroads with a proposal for a 5% tax on infrastructure and green bonds, sparking a debate over balancing economic and environmental goals. While the tax aims to diversify revenue streams and support environmentally friendly projects, its potential impact on the green bond market raises concerns. The proposed tax has environmental advocates…

Read More
green energy

$41 Billion in Green Energy Investment for Sustainable Development In Egypt

A substantial $41 billion investment in green energy in Suez, Egypt, is poised to revolutionize the region’s energy landscape. This investment represents pivotal agreements between GECF, AFREC, and ERIA, laying the groundwork for a sustainable future. Exploring the potential for job creation within the renewable energy sector offers promising employment opportunities. This investment not only…

Read More
Turkana Wind Power Project

Vestas’ Stake Sale in Lake Turkana Wind Power Project

Vestas, a prominent wind turbine manufacturer, made news by selling its 12.5% stake in Kenya’s Lake Turkana Wind Power project to a BlackRock-managed partnership.  This decision carries considerable implications for Kenya’s renewable energy landscape, considering the project’s vital role in the country’s sustainable energy ambitions. Vestas’ decision to sell its stake in the Lake Turkana…

Read More
SkyPower Global

SkyPower Global and AFC’s Renewable Energy Initiative to power DRC

SkyPower Global and Africa Finance Corporation (AFC) have teamed up to support the Democratic Republic of Congo’s (DRC) renewable energy goals.  The Green Giant project, a 200MW solar power plant, is a crucial step towards the larger 1,000MW Solar Power Purchase Agreement (PPA) with the DRC’s state-owned utility.  This project showcases the diversity of renewable…

Read More
President Nana Akufo-Addo

President Nana Akufo-Addo pledges to Increase Solar Power Capacity in Ghana

President Nana Addo Dankwa Akufo-Addo has made a significant commitment to boost Ghana’s solar power capacity.  Despite the country’s ample sunlight, with high levels of solar irradiation (5.524 kwh/m2/day) nationwide, solar energy presently contributes only 1% to the nation’s energy mix.  The President has vowed to raise this capacity from the current 22.5MW to 250MW…

Read More