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IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

More News and Commentary

Construction begins on first utility-scale wind project in West Africa

CNBC: Ground has been broken on the development of West Africa’s “first utility-scale wind power project”, located in Senegal. The 158.7 megawatt (MW) Parc Eolien Taiba N’Diaye, or PETN, is set to be completed in 2020, according to renewable energy firm Lekela. The 46-turbine facility will use turbines from Danish company Vestas and will generate […]

December 10, 2018 Read More →

Gold miner looks to cut costs with solar-plus-storage development

Energy Storage News: Australian firm Resolute Mining has signed an agreement with Africa-focused power developer Ignite Energy to set up a 40MW hybrid solar, battery and heavy fuel oil (HFO) plant at its Syama Gold Mine in Mali, according to an Australian Stock Exchange (ASX) filing. This will replace an existing 28MW diesel-fired power plant […]

November 26, 2018 Read More →

U.K. company’s Africa expansion will bundle solar power with internet service

Bloomberg New Energy Finance: Providing internet to off-grid solar customers in Africa is the next logical step for BBOXX Ltd. in becoming a “next-generation utility,” according to Mansoor Hamayun, chief executive and co-founder of the U.K.-based company, which is backed by Engie SA and venture capital investors. Hamayun told BloombergNEF in an interview that BBOXX […]

November 14, 2018 Read More →

Leading buyout group to back renewable energy development in Middle East, Africa

Financial Times ($): Blackstone, the world’s largest buyout group, is launching a standalone company to invest “hundreds of millions of dollars” in renewable power assets in the Middle East and north Africa, said people familiar with the plans. The new business, named Zarou after an ancient bridge built on the River Nile to connect Africa […]

October 11, 2018 Read More →

World Bank to finance storage development in Asia, Africa

ECN News: Solar energy could be a huge source of power in Africa, but its potential has been stymied by storage batteries that are too expensive and inadequate for use in poor countries. The World Bank aims to break through that bottleneck, announcing plans Wednesday to invest $1 billion—and leverage it by another $4 billion—to […]

September 28, 2018 Read More →

Solar mini-grids offer economic option for Nigerian electrification plans

Quartz: Nigeria’s electricity problems mainly revolve around a power generating system that doesn’t produce enough to match demand and an ineffective tariff system that means power distributing companies can hardly make a profit. Just as crucial, there’s a significant infrastructure gap as more than half of Nigeria’s population lacks access to the national power grid. […]

September 12, 2018 Read More →

Vestas wins turbine contract for Senegal’s first utility-scale wind farm

Renewable Energy Magazine: Vestas is providing a customised solution for the 159 MW Parc Eolien Taiba N’Diaye, Senegal’s first large utility-scale wind energy project and the largest wind project in West Africa. The wind farm will expand the country’s generation capacity by 15 percent, support the development of affordable renewable energy and diversify Senegal’s energy […]

September 4, 2018 Read More →

Solar to soar in Middle East, Africa this year—GTM

Renewables Now: The Middle East and Africa (MEA) region is expected to see a 170% year-on-year surge in solar deployments this year with the addition of 3.6 GW of fresh photovoltaic (PV) capacity, according to GTM Research. Demand for solar PV is seen to escalate further and lead to 20 GW of annual installations in […]

August 20, 2018 Read More →

IEEFA op-ed: A superpower taking its energy policy global

China is investing in renewables in developed market while continuing to push its outdated coal technology in Asia and Africa

The story of China’s overseas renewables investment, reaching well beyond its formal Belt and Road Initiative, remains largely untold. As private and stated-owned Chinese companies move aggressively to capitalize on fast-growing renewable energy markets, China’s investment in foreign wind-powered electricity markets has recently surpassed $12 billion in Europe and Australia alone, as shown in a […]

August 17, 2018 Read More →

Investor group targets planned GE coal plant in Kenya

Thomson Reuters Foundation: A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming the project would damage the environment and undermine efforts to fight global warming. In a public letter to GE, nearly five dozen institutional and individual shareholders called […]

July 20, 2018 Read More →