OPEC FUND

OPEC Fund Approves $130M for Renewable Energy Projects in Egypt, Turkey, and Mauritania

The OPEC Fund for International Development has approved over USD 130 million to support renewable energy projects in Egypt, Turkey, and Mauritania. This funding is part of a broader effort to support sustainable development and improve infrastructure in developing countries. This reflects the OPEC Fund’s commitment to renewable energy, climate action, and energy security in…

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Open Access Energy, PEC Partner to Transform South Africa’s Renewable Energy

Open Access Energy (OAE) in South Africa has partnered with Project Energy Connect (PEC) to tackle the country’s energy challenges by focusing on renewable energy solutions and better metering systems. The collaboration comes at a critical time as South Africa faces escalating energy costs and frequent power outages.  The partnership aims to utilize OAE’s smart…

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energy

Africa’s Energy Future Threatened by 60% Fossil Fuel Reliance by 2040

Africa’s energy situation is characterized by a reliance on fossil fuels, with projections indicating that 60% of the continent’s energy needs will still be met by these sources by 2040. This dependency poses a challenge, especially as over 600 million people in Africa currently lack access to electricity. Transitioning to renewable energy is vital for…

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RUTO

President Ruto Urges Global Investment in Africa’s Renewable Energy Potential

President William Ruto has made a powerful appeal for increased global investment in Africa’s renewable energy sector, emphasizing the continent’s vast potential and the urgent need for financial support. Speaking at the High-Level Business Segment on Climate Change Response in Seoul, South Korea, Ruto highlighted that while 2023 saw a significant global increase in renewable…

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bboxx

Bboxx Earns Gold Certification for Clean Energy in Africa

Bboxx, a leading clean energy provider, has recently achieved Gold Standard certification for its projects in five African countries. This milestone highlights the company’s commitment to promoting climate action and enhancing community resilience through sustainable energy solutions. The certification applies to Bboxx’s operations in Rwanda, Kenya, Nigeria, Togo, and the Democratic Republic of the Congo…

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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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sosian energy

How Sosian Energy’s Menengai Plant Could Transform Kenya’s Power

Sosian Energy’s geothermal power plant in the Menengai geothermal field, located in Nakuru County, Kenya, has made a significant contribution to the country’s renewable energy landscape. With a capacity of 35 megawatts (MW), the plant was connected to the national grid in August 2023, marking a milestone in Kenya’s transition to cleaner and more sustainable…

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