Browsing: energy

• Wärtsilä Corporation, a global leader in energy and marine technologies, has been a key player in Tanzania’s energy sector for over 40 years.
• The Finnish multinational will showcase its innovative strategies for sustainable energy at the East Africa Energy Cooperation Summit in Arusha, Tanzania.
• CEO Thomas Bourlier reaffirms Wärtsilä’s commitment to driving East Africa’s energy growth and regional collaboration.

For over four decades, Wärtsilä Corporation has played a pivotal role in shaping Tanzania’s energy landscape, solidifying its reputation as a global leader in innovative energy solutions.

This Finnish multinational, renowned for its expertise in energy and marine technologies, is set to make its mark at the upcoming East Africa Energy Cooperation Summit in Arusha, Tanzania.

Represented by CEO and Senior Manager Thomas Bourlier, Wärtsilä aims to spotlight its legacy and future-focused strategies for driving sustainable energy development across Africa and beyond. With operations spanning diverse global markets, the company’s participation …

• At the current pace of electrification amid rising population, the number of people without electricity in Africa will remain unchanged unless bold action is rolled out.
• In response to this urgent need, the AfDB Group, the World Bank, and other partners have launched Mission 300, a plan that aims to provide electricity access to 300 million Africans by 2030.
• The plan focuses on accelerating electrification through a mix of grid extensions and distributed renewable energy solutions, such as mini-grids and stand-alone solar home systems.

Across Africa, the sunlight shines bright and natural resources abound. Yet despite that lies a pressing issue that threatens to stifle the continent’s growth and prosperity: the lack of access to reliable and sustainable electricity. As we prepare for the Africa Energy Summit, taking place on January 27-28, 2025, in Dar es Salaam, Tanzania, the urgency of addressing Africa’s energy needs cannot be overstated.

Without …

• So far, South Africa and Senegal are the only African countries to have agreed to a Just Energy Transition Partnerships (JETP), with South Africa securing a deal for $8.5 billion, while Senegal secured one for $2.7 billion.
• How South Africa and Senegal intend to leverage these deals differ drastically, however, as do their power generation circumstances.
• Currently, coal continues to dominate South Africa’s energy portfolio, at over 80 per cent of the country’s power generation mix.

Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of the Parties (COP26), South Africa became the first nation to sign such a deal. Senegal and the International Partners Group (IGP) signed a JETP in June 2023.

I have said before that the best way for Western countries, and …

• The Africa Energy Summit, which is set for Jan 27-28, is part of the World Bank’s mission to light up the homes of 300 million people.
• Estimated 1,500 policymakers and leaders from around the world will converge to reshape the trajectory of Africa’s energy industry.
• The summit will examine and approve the Dar es Salaam Declaration, a statement embodying Africa’s collective vision for sustainable energy.

In a bold step toward transforming energy access across the continent, Tanzania will host the Africa Energy Summit on January 27–28 in Dar es Salaam. This industry event forms part of the World Bank’s Mission 300 initiative, an ambitious program aiming to provide electricity to 300 million people in Africa by 2030.

Backed by the African Development Bank Group (AfDB) and the World Bank Group, the summit promises to be a cornerstone in reshaping Africa’s energy industry. Bringing together over 1,500 high-profile executives from multilateral …

• Decentralized power generation—typically based on solar home systems and mini-grids—is the best bet to eradicate energy poverty among people in more isolated rural areas.
• By decentralizing power generation, Africa can secure a sustainable energy future and improve the lives of millions of people.
• Standalone power systems or localized power networks (otherwise known as “mini-grids”) have become efficient means of power that utilize solar in combination with battery storage and backup generators.

Think about a time when your electricity went out. As you sat in the dark, maybe you wondered how long it would be before you could power up your computer again. Or perhaps you considered what you could make for dinner that didn’t require cooking.

Many people in Africa don’t need to imagine such a scenario — they live it. Every day.

A large portion of the continent, primarily in sub-Saharan Africa, lacks access to reliable and affordable electricity. …

• The market for sustainable cooling systems in developing economies is set to hit $600 billion by 2050. Research shows that sustainable cooling systems can cut cooling-related emissions by almost 50%.
• They can also help lower electricity bills, reduce equipment costs, and power sector investments by $8 trillion by 2050.
• Unlocking finance, in particular private finance, is essential to support the transition to sustainable cooling across developing economies.

Economies in Africa are projected to experience the fastest growth in cooling systems, a new survey by the International Finance Corporation and the UN Environment Programme (UNEP)-led Cool Coalition shows.

Globally, Africa is poised to see her cooling systems industry expand by a factor of seven closely followed by countries in South Asia which will see this market segment quadruple.

“The sustainable cooling market represents at least a 600-billion-dollar opportunity for the private sector, …

• Firewood is responsible for killing at least 33,000 people yearly in Tanzania.
• A person who is exposed to firewood smoke for an hour has similar health risks as a person who smokes between 200 and 300 cigarettes.
• Tanzania is estimated to lose nearly 470,000 hectares of forest each year due to the rampant acts of cutting down trees for charcoal and firewood.

The use of clean cooking energy is no longer a luxurious thing. It is a necessity, Tanzania’s President Samia Suluhu Hassan noted recently during the launch of the 10-year National Clean Cooking Strategy in Dar es Salaam. However, this assertion comes at a precedented moment when women such as Magreth are seeking alternative energy.

“We ask President Samia to help us in any way possible with alternative ways of cooking such as gas,” says Magreth Ngole, a resident of Njombe and a frequent user of firewood for cooking …

• In Berlin, German Chancellor Olaf Scholz says his country will invest 4 billion euros in Africa’s green energy until 2030.
• Scholz made the green energy plans after meeting African leaders and heads of international organizations during the G20 Compact with Africa conference.
• Compact with Africa was initiated by Germany in 2017 during its presidency of the G20 to improve conditions for sustainable private sector investment and investment in infrastructure in Africa.

The government of Germany has pledged to invest $4.37 billion (4 billion euros) in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank (AfDB) Group Dr Akinwumi Adesina, during the G20 Compact with Africa conference.

The Compact with Africa was initiated by Germany in 2017 during its presidency of the G20 to improve …

Kenya will host the second Canada-Africa Business Conference early next year, bringing together investors from the two regions to explore key investment opportunities. Some of the target industries that the 19-20 February 2024 conference will focus on are medical care, infrastructure, energy, financing for Canada-Africa projects, and FinTech.
The two-day meeting in Nairobi’s Muthaiga Country Club follows the two regions’ first-ever program at Botswana’s Gaborone International Convention Centre in 2019.
In partnership with the Kenya Private Sector Alliance (KEPSA), the Canada-Africa Business Conference will bring together key players who will also visit select locations.…

African countries will be largely impacted by the decision by the global cartel of oil producing countries to cut oil production given that only 14 out of 54 countries in Sub-Sahara Africa produce oil, which accounts for the lion’s share of their annual export earnings.

Many African countries have to import refined oil and rely on oil products in power generation. A hike in oil prices will boost economies of oil producing countries, by gaining foreign exchange earnings to carry out development projects such as Nigeria, Angola, Gabon, Libya, Cameroon, and Congo among others.

Consequently, this will create more job opportunities and greatly aid in poverty alleviation. In addition, the revenues could be redirected to other sectors that make significant contributions to the respective economies. By example, in countries like Cameroon, Gabon and Congo, internet infrastructure and technology could largely benefit from re-investing.…