While Africa boasts immense potential for renewable energy generation – solar, hydro, and wind resources dwarfing those of most developed nations – it receives a mere 2% of global clean energy investment in 2024. This meager allocation underscores a critical disparity hindering Africa’s progress towards a sustainable energy future. The energy access challenge in sub-Saharan…
Africa is witnessing a surge of interest in nuclear energy, driven by the need to bridge significant energy gaps and create a more secure and sustainable future. This shift could transform the continent’s electricity market, especially through projects like the African Single Electricity Market (AfSEM), aiming for continent-wide electricity exchange. The stark reality is that…
A new report by the World Bank paints a cautiously optimistic picture of the global fight against climate change. The report reveals a significant increase in carbon pricing initiatives worldwide, offering a crucial tool for reducing emissions and transitioning to a clean energy future. Carbon pricing schemes, such as carbon taxes or emissions trading systems…
Kenya is igniting a clean energy revolution with the launch of a groundbreaking Sh36 billion green energy project. The ambitious initiative, a joint effort between the Kenyan government and the European Union (EU), marks a significant milestone in the nation’s renewable energy landscape. The Sh36 billion investment signifies a substantial commitment to expanding Kenya’s green…
Kenya Power, the national electricity provider, has sparked an electric vehicle (EV) revolution with a groundbreaking initiative: free charging stations across Nairobi. This innovative program aims to address a significant hurdle hindering EV adoption – the lack of readily available charging infrastructure. By providing readily accessible charging points, Kenya Power is paving the way for…
Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) has clinched a contract. They will supply steam turbines and generators for the revamp of Kenya’s oldest geothermal power plant, Olkaria I. Toshiba ESS’s turbines and generators will increase the power output of Units 1 to 3 from 15 MW to 21 MW each, a 40% increase,…
Ethiopia is poised to become a significant player in Africa’s energy sector with its ambitious plans for expanding electricity production and exportation. Spearheaded by the Ethiopian Electric Power (EEP), the country aims to extend its grid to Tanzania and target South Africa within the next five years. This initiative is driven by the nearing completion…
Ignite Power’s recent expansion in Kenya through the acquisition of Mwezi Solar Solutions aims to provide electricity to over 2.5 million Kenyans for the first time. This move aligns with global efforts for rural electrification and strengthens Ignite Power’s position as a leader in the clean energy sector. Leveraging decreasing solar costs, the company intends…
TotalEnergies CEO Patrick Pouyanné has raised concerns about how IMF debt regulations are impeding the progress of green energy projects in Africa. Integrating climate strategies into fiscal planning amid rising post-pandemic debt is challenging, with the IMF helping countries in this effort through capacity development in green finance. Patrick Pouyanné, highlighted that the lack of…
At the COP28 conference in Dubai, held in 2023, a historic moment unfolded as 200 nations united in a pledge to address climate damages. Demonstrating early achievements, affluent countries collectively pledged $260 million to the Loss and Damage Fund, established during COP27. Germany took the lead with a $100 million commitment, mirrored by the UAE,…
