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

BlackRock proxy climate votes against companies rose 502% in 2021

Bloomberg ($): BlackRock Inc. rejected almost five times more board directors at companies, including Berkshire Hathaway Inc. and Exxon Mobil Corp., during the recent proxy season because they failed to act on climate issues. The New York-based asset manager voted against 255 directors in the period ended June 30, up from 55 a year earlier, […]

July 21, 2021 Read More →

Geothermal-rich Kenya beginning to export expertise across continent

Bloomberg ($): When Kenya opened the Olkaria power plant four decades ago, it was considered more research project than commercial venture. Located in Hell’s Gate National Park, a barren zone of volcanic rock permeated by sulfurous gases and populated mostly by warthogs and zebras, the facility generated electricity using steam rising from deep in the […]

July 19, 2021 Read More →

Africa records almost 2GW of large-scale solar plans since June

PV Magazine: The 540 MW of solar generation capacity and 1.14 GWh of energy storage awarded to Norwegian developer Scatec to help keep the lights on in South Africa recently is the biggest project award of what trade body the Africa Solar Industry Association (AFSIA) has described as “an unprecedented series of large scale” PV […]

July 15, 2021 Read More →

Saudi-backed ACWA Power plans $16 billion in investments in 2021

Arab News: ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), is planning to invest $16 billion in new projects around the world in 2021, ahead of plans for an initial public offering (IPO). Early last year, CEO Paddy Padmanathan said the company planned to invest $10 billion in new projects […]

July 9, 2021 Read More →

Diamond-rich Botswana begins exploiting other leading resource—solar

Reuters: The Botswana energy regulator has granted a generation licence for a 100MW solar project to local firm Shumba Energy, a company executive said on Monday, making it the first independent power producer to set up a large scale solar plant in the country. Botswana does not currently have large scale solar power generation and […]

July 6, 2021 Read More →

High emerging market bond returns stifling green finance

Bloomberg ($):  Some of the finance world’s biggest climate champions may be undone by a relatively small part of their portfolios: emerging market debt. While many of the world’s poorest countries struggle with the economic devastation from Covid-19 and limited access to vaccines, some of the biggest asset managers and their clients continue to earn […]

July 2, 2021 Read More →

Africa’s largest emissions source seeks $10B for decarbonization plan

Reuters: South African state power utility Eskom, Africa’s biggest greenhouse gas emitter, is pitching a $10 billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy. Discussions have already started with development finance institutions like the World Bank and the African Development […]

July 1, 2021 Read More →

Funding for $3B Zimbabwe coal plant dumped by biggest China bank

Bloomberg Quint:  China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of their projects. Industrial and Commercial Bank of China Ltd. told Go Clean ICBC, an ad-hoc body representing 32 […]

June 30, 2021 Read More →

More than 200GW of offshore wind projects announced since 2020

Renew Economy:  More than 200GW worth of new offshore wind projects have been announced around the world since 2020, according to new figures published this week, but regulatory hurdles and supply chain constraints will nevertheless hinder the completion of the entire pipeline by 2030. The new figures were published this week by renewable energy consultancy […]

June 24, 2021 Read More →

First private utility-scale solar project in Togo launches operations

PV Magazine: With numerous investors and clean energy developers having stressed how more renewables-friendly regulations could unlock Africa’s clean power potential, the developer of Togo‘s first private utility scale solar park has praised the policies brought in by the government. Emirati energy company AMEA Power yesterday held an inauguration ceremony for its 50 MW Sheikh […]

June 24, 2021 Read More →