DBSA

EIB & DBSA Boost South Africa’s Climate Goals with €600M Funding

The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have announced a significant increase in their financial support for renewable energy projects in South Africa, raising their total commitment to €600 million (approximately ZAR 11.9 billion). This partnership aims to enhance clean energy generation while fostering job creation and economic growth…

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eu

EU Grants €32M to Support South Africa’s Green Hydrogen Push

The European Union (EU) has committed €32 million (R628 million) in grants to support South Africa’s emerging green hydrogen industry and promote net-zero investments across Transnet’s operations. This funding aims to accelerate the development of a sustainable green hydrogen ecosystem in the country. The grants were announced by European Commissioner for Energy Kadri Simson during…

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south africa

Redstone, South Africa’s First Tower CSP Plant Changes Energy and Economy

South Africa’s first tower solar power plant, Redstone, brings new hope to the country’s energy crisis. It’s a key project that promises to transform energy use and boost the economy with a reliable and sustainable solution. For years, South Africa has struggled with load shedding, a practice of rotating power outages implemented to alleviate strain…

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eu

Why Is Fostering Sustainable Corporate Behavior Key for the EU?

The EU must make fostering sustainable corporate behavior a strategic priority for economic resilience and global leadership. As the world faces pressing environmental and social challenges, the EU recognizes the urgent need for businesses to prioritize sustainability in their operations. Sustainable practices can serve as a catalyst for long-term economic resilience within the EU.  By…

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GLOBAL SOLAR FACILITY

$100M Global Solar Facility Boosts Energy Access in Africa

The International Solar Alliance (ISA) has launched a $100 million Global Solar Facility to expand energy access in Africa, where over 700 million people lack electricity. The Global Solar Facility is designed to catalyze investments in decentralized solar power systems, particularly in rural and underserved communities. These systems offer a viable and sustainable solution to…

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south africa

South Africa Adopts India’s Model for Rural Electrification

South Africa is keen to adopt successful strategies from India in promoting rural electrification, as highlighted by Deputy President Paul Mashatile during the recent New Development Bank’s ninth annual meeting in Cape Town. This meeting, themed as “Investing in a Sustainable Future,” gathered partners from the BRICS nations—Brazil, Russia, India, China, and South Africa—to discuss…

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