Africa

IEEFA Research

IEEFA: Powering up solar irrigation effort will support India’s renewable energy targets

IEEFA: Powering up solar irrigation effort will support India’s renewable energy targets

States must overcome obstacles to ramp up installation of solar pumps

11 June 2021 (IEEFA India): India’s mission to deploy some 2 million off-grid solar-powered irrigation pumps is making sluggish progress, with only one-eighth of the target achieved so far, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA) which urges the central and state governments to remove bottlenecks in […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

IEEFA report: The Lamu Coal Plant will hinder, not spur, economic growth in Kenya

IEEFA report: The Lamu Coal Plant will hinder, not spur, economic growth in Kenya

Misdirected assumptions about construction, capacity, and costs

June 10, 2019 (NAIROBI) – The proposed Lamu coal plant in Kenya, a three-unit, 981-megawatt (MW) facility, would be a costly mistake, locking the country into a 25-year deal at a cost to consumers of more than US$9 billion, even if the plant never generates any power, according to a report released today by the […]

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

WSJ: ExxonMobil board mulls scrapping Vietnam, Mozambique projects

Wall Street Journal ($): Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter. Members of the board—which includes three directors successfully nominated by an activist investor […]

October 20, 2021 Read More →

Chariot, Mauritania sign deal for 10 gigawatts of green hydrogen

Renewables Now: African-focused energy firm Chariot Ltd (LON:CHAR) and Mauritania’s Ministry of Petroleum, Mines and Energy have signed a memorandum of understanding (MoU) for a green hydrogen project of up to 10 GW in the northwestern African nation, the parties announced on Monday. Project Nour is estimated to represent an investment of up to USD […]

September 29, 2021 Read More →

Massive solar-plus-wind Morocco project eyed as UK power source

PV-Tech: A 10.5GW solar-plus-wind project is under development in Morocco’s Guelmim Oued Noun region, with 3.6GW of this to be exported to Great Britain. Xlinks – the company behind the Morocco-UK Power Project – said the project is capable of generating for an average of 20+ hours a day, taking advantage of the high solar […]

September 28, 2021 Read More →
IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits
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IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits

Spain’s gas regulations benefit Enagás and burden consumers

September 15, 2021 (IEEFA) – Empresa Nacional de Gas (Enagás) has benefited from a “security and diversity of supply” strategy as an excuse to build or expand liquefied natural gas regasification terminals, natural gas pipelines and gas storage facilities. The resulting overcapacity has meant low utilization rates for gas infrastructure assets in Spain, as well […]

IEEFA Europa: El exceso de capacidad y una fiebre por invertir suben las facturas de los consumidores españoles, pero Enagás se lucra
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IEEFA Europa: El exceso de capacidad y una fiebre por invertir suben las facturas de los consumidores españoles, pero Enagás se lucra

La regulación del gas en España beneficia a Enagás y perjudica a los consumidores

15 de septiembre de 2021 (IEEFA) – La Empresa Nacional de Gas (Enagás) se ha beneficiado de una estrategia de «seguridad y diversidad del suministro» como excusa para construir o ampliar plantas de regasificación de gas natural licuado, gasoductos de gas natural e instalaciones de almacenamiento de gas. Según un informe del Instituto de Economía […]

Eskom CEO: South Africa coal use poses ‘another era of isolation’

Reuters: South Africa faces “another era of isolation” if it persists with coal power generation, the chief executive of state-owned utility Eskom said, arguing a pivot to cleaner energy would boost the competitiveness of the country’s exports. Chief Executive Andre de Ruyter made the comments in Eskom’s annual report for the year ended March 2021, […]

September 2, 2021 Read More →

Swedish investment platform plans financing for five African solar farms

ReNews.biz: Swedish-based impact investment platform Trine is collaborating with Solarise Africa, a pan-African energy leasing company, to invest in renewable projects on the continent.  The first debt financing round provided by Trine will finance five solar projects in South Africa and Kenya.  Demand for on-site renewable energy assets is growing rapidly as businesses are faced […]

September 2, 2021 Read More →

Iraq urges other OPEC nations to move to renewable energy production

The Guardian: The finance minister of Iraq, one of the founding members of the global oil cartel Opec, has made an unprecedented call to fellow oil producers to move away from fossil fuel dependency and into renewable energy, ahead of a key Opec meeting. Ali Allawi, the deputy prime minister and finance minister of Iraq, […]

September 1, 2021 Read More →

Eskom considering $7.2 billion for wind and solar by 2030

Bloomberg ($): Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition […]

August 31, 2021 Read More →

Ethiopia plans 71 power projects worth $40 billion over next decade

The Ethiopian Herald: Ethiopian Electric Power stated that the country has planned to build 71 power projects demanding over 40 billion USD over the next 10 years. Ethiopian Electric CEO, Andualem Siae said the project cost is expected to be covered by private and public partnerships, the African Development Bank, the World Bank, other development […]

August 26, 2021 Read More →