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Energy
The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high…
The joint development of the Green Giant Project will expedite…
Uganda signed a deal with China under which the China…
African Development Fund has approved $5.5 million technical assistance grant to support projects Eastern Sahel…
The Nigerian Minister also praised Equatorial Guinea, saying that the Western African country has a massive record of world-class gas processing and liquefaction infrastructure already in Punta Europa and allocating investment funds for development.
Minister Obiang Lima said that Equatorial Guinea was in line to be an essential player in the African energy market.
“New, fast, and competitive sources will be a major determinant of success,” he said. “This strategic collaboration breaks down geographical boundaries and allows gas delivery from Nigeria to Equatorial Guinea’s Punta Europa facilities, extending their life and providing access to the regional and global energy markets.”
Through the agreement, the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners will put into monetary use gas that would have otherwise been stranded offshore due to the absence of infrastructure.
![African Energy Bank to fund fossil fuels in Africa. [Photo/African facts]](https://theexchange.africa/wp-content/uploads/2022/02/African-Energy-bank_African-facts-300x201.jpg "Africa pursuing energy banking as investors withdraw fossil fuels funding")
The western countries have halted overseas fossil fuel financing, a decision that has raised the…
The hydropower project is worth an estimated US$1.3 billion that will see Ethiopia import 400…
However, all efforts have been directed in that sector to try and make it greener and cleaner. Among consumers, a major shift is now being witnessed with most of the industries investing in clean energy sources that are both affordable and sustainable.
Such initiatives have made Kenya be rated among the top countries that are implementing their nationally determined contributions that seek to cut greenhouse gas emissions in the country by 32 per cent by 2030.
The latest industry to have made noted efforts to transit to clean Energy is Bamburi Cement Factory situated in Bamburi Mombasa.
The South African solar photovoltaic (PV) market is increasing exponentially.
Solar Power Market outlook expects the solar market to register a CAGR of over 10 per cent from 2021 – 2026, reaching an installed capacity of more than 3.6 GW by 2026, up from 1.48 GW in 2019.
Solar power production in South Africa comes when the country is aligning to reduce carbon emissions through a transition from coal to other clean energy sources. This step is not an easy fit.
