Sonangol, Angola’s state oil company, has signed a memorandum of understanding with the Chinese firm Qinghai Lihao Clean Energy to establish a partnership aimed at developing a photovoltaic solar energy industrial chain in Angola. The agreement focuses on the production of solar panels using locally sourced quartz ore as the primary raw material. According to a statement from Sonangol, the partnership will lead to the creation of a solar panel industry in Angola, integrating quartz
CAIRO, October 2024: Egypt has lowered its renewable energy target for 2040 from 58% to 40%, as announced by Petroleum Minister Karim Badawi. He emphasized that natural gas will remain a key part of Egypt’s energy strategy for the foreseeable future. Before hosting the COP27 climate summit in 2022, Egypt committed to increasing renewable energy to 42% of its energy mix by 2035, later advancing the goal to 2030. In June 2024, former Electricity Minister
State-owned utility Electricidade de Moçambique (EDM) is set to invest $110.6 million, in partnership with private companies, to build a 60 MW solar power plant near the Corumana Dam in Maputo province. The project, involving private partners from VBC and operated by Central Solar de Corumana, aligns with Mozambique’s strategic energy goals, according to the non-technical summary of the Environmental Impact Study (EIS), now under public consultation. “This renewable energy project will help the Government
DanAon Energy (Pty) Ltd., a Namibian-owned solar energy company, is advancing plans to build a 40 MW photovoltaic (PV) solar plant in Gibeon, located in Namibia’s Hardap Region. The project is pending approval from the Electricity Control Board of Namibia and an Environmental Clearance Certificate (ECC). The proposed solar park will span 40 hectares and is expected to significantly reduce Namibia’s dependence on traditional energy sources while boosting renewable energy production. The project will feature
Neosun Energy has secured a contract to design and build a 998 kWp grid-tied solar photovoltaic (PV) plant for Dayizenza Mall in Nelspruit, South Africa, furthering its commitment to sustainability and reducing carbon emissions. “The solar power plant is expected to achieve monthly electricity savings of over 50-60% throughout its operational life, delivering both environmental and financial benefits. With a lifespan of more than 40 years, the project highlights Dayizenza Mall’s dedication to minimizing its
In 2023, global employment in the renewable energy sector reached 16.2 million jobs, up from 13.7 million in 2022. This data comes from the report “Renewable Energy and Jobs: Annual Review 2024,” co-published on October 1, 2024, by the International Renewable Energy Agency (IRENA) and the International Labor Organization (ILO). The report notes that 2023 marked the strongest annual increase in job creation within the renewable energy sector. China led the way, accounting for 7.4
American multinational Sun Africa has secured $1.6 billion in financing from the Export-Import Bank of the United States (EXIM Bank) for solar energy projects in southern Angola. The announcement was made by Sun Africa representative Eguinilson da Silva during the Conference on the Coordination of Support for the Lobito Corridor, held in Lobito, Benguela province. “During the conference, we confirmed the approval of over $1 billion for projects in the south, which Sun Africa is
Angola’s national oil company, Sonangol, has signed an agreement with energy companies Conjuncta, CWP, and Gauff for the development of the Barro da Dande green hydrogen project. The agreement, finalized during the Angola Oil & Gas conference on Wednesday, encompasses the design, licensing, financing, engineering, and construction of the facility. Located in the municipality of Barro da Dande, the green hydrogen project aims to produce up to 1,200 tons of ammonia for export to the
At the BRICS Energy Ministers Conference, Minister of Electricity and Renewable Energy Mahmoud Esmat outlined Egypt’s ambitious objectives, aiming for renewable energy to constitute over 42% of the country’s energy mix and to capture 5-8% of the global green hydrogen market by 2040. In his opening remarks at the conference in Moscow, Esmat emphasized Egypt’s commitment to transitioning to sustainable energy sources, leveraging the country’s abundant solar and wind resources. He explained that Egypt’s strategy
The European Union considers green hydrogen crucial for the global energy future and views its collaboration with South Africa as vital in decarbonizing heavy industries. The EU’s hydrogen strategy, outlined in 2020, aims to produce and import 10 million tonnes of hydrogen by 2030. Following a R628 million deal to support South Africa’s green hydrogen agenda, the EU expressed its commitment to investing in hydrogen markets both domestically and globally, underscoring initiatives like the EU
