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Category: Renewable Energy

Oil Exploration Gas International Renewable Energy

Namibia Balances Oil Exploration and Green Energy Goals

President Nangolo Mbumba has defended Namibia’s dual pursuit of oil exploration and renewable energy, emphasizing that the country’s energy strategy aligns with global climate commitments, including the Paris Agreement. Amid concerns about the contradiction between fossil fuel projects and decarbonization efforts, Mbumba stressed that Namibia’s newly discovered oil resources will support a sustainable energy transition. “The development of our newly discovered oil resources is not contradictory to our decarbonization agenda. It is part of a

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Renewable Energy International News

Morocco Approves $32.5 Billion in Green Hydrogen Projects to Boost Industrial Output

Morocco has approved green hydrogen projects worth 319 billion dirhams ($32.5 billion) to support the production of ammonia, steel, and industrial fuel, marking a major step toward energy transition and economic growth. A Moroccan government committee has chosen leading international firms to spearhead the development of green ammonia, including U.S.-based Ortus, Spain’s Acciona, and Germany’s Nordex, according to a statement from the Prime Minister’s Office. However, project timelines and funding details remain undisclosed. Additionally, the

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Corporate News Renewable Energy

AMEA Power Breaks Ground on 50 MW Bondoukou Solar Project in Ivory Coast

AMEA Power has officially launched construction of the 50 MW Bondoukou Solar Photovoltaic Project in Ivory Coast, marking a significant step in the country’s renewable energy transition. The groundbreaking ceremony was attended by government officials and project financiers, including Ivory Coast’s Minister of Mines, Petroleum, and Energy, H.E. Sangafowa Coulibaly, and AMEA Power’s CFO, David Falcon. The $60 million project is being developed under a Build-Own-Operate-Transfer (BOOT) model by AMEA Goutougou, a subsidiary of AMEA

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International News Renewable Energy

AMEA Power Begins Construction on 50 MW Solar Project in Ivory Coast

Renewable energy firm AMEA Power has commenced construction on a 50 MW solar power plant in Bondoukou, Ivory Coast. The $60 million project marks the company’s first operational asset in the country and supports the national goal of increasing renewable energy’s share to 45% of the energy mix. Once operational, the plant will generate 85 GWh of clean energy annually, supplying electricity to 358,000 households and reducing carbon emissions by approximately 52,000 tons. The project

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International Renewable Energy

AMEA Power to Develop 1,500MWh Battery Storage in Egypt

Dubai-based renewable energy company AMEA Power has signed agreements with the Egyptian government to develop standalone battery energy storage systems (BESS) with a total capacity of 1,500MWh. The project will see 500MWh installed in Zafarana and 1,000MWh in Benban, enhancing grid stability and supporting the integration of renewable energy sources. This initiative aligns with Egypt’s efforts to accelerate its energy transition. Hussain Al Nowais, Chairman of AMEA Power, stated that the project will not only

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International News Renewable Energy

$7.9 Billion Green Hydrogen Project Set to Transform Nigeria’s Economy

A $7.9 billion green hydrogen project has been launched in Akwa Ibom State, Nigeria, with backing from China. The ambitious initiative will take place within the Liberty Free Trade Zone (LFTZ) at Atabrikang, in the Ibeno Local Government Area. The agreement was formalized in Uyo, Nigeria, with representatives from the Nigerian Federal Government, APPL Hydrogen Limited (AHL), and China’s LONGi Green Energy Technology signing the deal. Idara Ekpo, Chief Visionary Officer of AHL, revealed that

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Corporate News Renewable Energy

ACWA Power to Build 2GW Wind Farm in Egypt, Expanding Regional Renewable Energy Reach

ACWA Power, Saudi Arabia’s renewable energy leader, has announced plans to construct, own, and operate a 2GW wind power plant in South Hurghada, Egypt, which is expected to provide electricity to nearly 2 million homes. The project, valued at SAR 8.6 billion ($2.3 billion), is backed by a 25-year power purchase agreement (PPA) with Egypt’s state-run Electricity Transmission Company. ACWA Power aims to reach financial close on the project by next year, pending the completion

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Corporate News International Renewable Energy

Neosun Energy to Build Solar Power System for Jetpark in Johannesburg

Neosun Energy has secured a contract with Palisades Business Park to install a solar power system at Jetpark in Johannesburg, South Africa. The project aims to reduce grid electricity consumption and lower operational energy costs**. The grid-tied solar PV system will feature 1,380 Longi 580W N-type panels, providing an 800 kWp installed capacity. Designed for maximum efficiency, the system is expected to generate approximately 1.347 GWh of clean energy annually, offsetting nearly 55% of Jetpark’s

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International News Renewable Energy

Mozambique’s Solar Power Grows 18.6% in 2024 but Remains Below 1% of Total Production

Electricity generation from solar parks in Mozambique increased by 18.6% in 2024, yet it still accounts for less than 1% of the country’s total production, according to official data reviewed by Lusa. The budget execution report for January to December 2024 shows that solar power production from five large solar parks and smaller plants exceeded 101,247 megawatt-hours (MWh), up from 85,343 MWh in 2023. However, the government’s target of 138,808 MWh for the year was

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International Corporate News Renewable Energy

Rgreen Invest and Echosys Invest Close €100M African Green Energy Fund

French asset managers Rgreen Invest and Echosys Invest have successfully closed their Afrigreen Debt Impact Fund, securing €100 million ($104.8 million) in total commitments for green energy investments across Africa. Announced on Thursday, the fund has met its funding target, backed by major institutions, including the European Investment Bank (EIB), the International Finance Corporation (IFC), Dutch development bank FMO, France’s Proparco, Societe Generale, and BNP Paribas. Following its first close in early 2023, the fund

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