Africa

IEEFA Research

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 […]

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

Nigerian solar firm gets investment infusion to expand across West Africa

Bloomberg: Daystar Power, a Nigerian solar energy provider, has raised $38 million with the support of Investment Fund for Developing Countries and Morgan Stanley Investment Management to expand solar access across West Africa. Lagos-based Daystar plans to replace “unreliable grid or too expensive, polluting diesel generators,” with clean reliable power, Jasper Graf von Hardenberg, the […]

January 12, 2021 Read More →

Enel, Qatari sovereign wealth fund to develop renewable energy projects in Sub-Saharan Africa

Reuters: Italy’s biggest utility Enel has signed a deal with the Qatar Investment Authority to develop renewable energy projects in Sub-Saharan Africa, the two groups said. Under the deal, the Qatar sovereign wealth fund will, as a first step, buy half of Enel’s stake in 800 megawatts of its existing renewable capacity in South Africa […]

January 8, 2021 Read More →

Siemens Gamesa to supply turbines for 100MW wind farm in Ethiopia

ESI Africa: Siemens Gamesa has sealed the deal on its first wind farm project in Ethiopia. The company will deliver 29 SG 3.4-132 wind turbines to state-owned utility Ethiopian Electric Power for the Assela wind farm project. The 100MW wind farm will help to power more than 400,000 Ethiopian households. The wind farm should be […]

January 6, 2021 Read More →
IEEFA: Pakistan announces ‘no new coal-fired power’

IEEFA: Pakistan announces ‘no new coal-fired power’

Implications for coal across the Belt and Road Initiative

At the 12 December Climate Ambition Summit hosted by the U.N., the U.K. and France, Pakistan’s Prime Minister Imran Khan announced that his nation “will not have any more power based on coal”. On the face of it, this is a highly significant statement for a nation that was until now intending to exploit its […]

December 14, 2020 Read More →

French firm Akuo commissions 50MW solar project in Mali, largest in West Africa

ESI Africa: A 50MW solar plant west of Bamako in Mali is now the largest operational plant in West Africa. A flagship Akuo Group project, the Kita solar plant in the Kayes Region injected its first kilowatt-hour into the Malian power grid in March 2020. The plant now covers the electricity needs of 120,000 Malian […]

November 25, 2020 Read More →

First solar-plus-storage project planned in Senegal

PV Magazine: Energy Resources Senegal (ERS) has signed an agreement with South Africa-based investment firm Climate Fund Managers (CFM) for the co-development of a solar power plant in Niakhar, Senegal. The project consists of a 30 MW photovoltaic power plant combined with a battery system with a capacity of 15 MW/45 MWh. According to the […]

November 13, 2020 Read More →
IEEFA: High fossil fuel costs and unnecessary power developments like Lamu will lead to expensive electricity bills for Kenyans

IEEFA: High fossil fuel costs and unnecessary power developments like Lamu will lead to expensive electricity bills for Kenyans

Kenya should make the most of its abundant renewable energy resources and reduce costs for consumers

The belated release of Kenya Power’s financial results for the year ended 30 June 2019 confirmed what was already known – that new renewable energy installations have replaced thermal power in Kenya’s energy mix. New power generation from the Lake Turkana Wind Power project – the largest wind power installation in Africa – resulted in […]

November 11, 2020 Read More →
IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

The Asian seaborne thermal coal pool is drying out

Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]

November 6, 2020 Read More →

Abu Dhabi Fund for Development backing 500MW solar development effort in Sudan

PV Magazine: The Sudanese minister of energy and mining, Khairy Abdul Rahmanhas, and the general director of the Abu Dhabi Fund for Development, Mohamed Saif Al Suwaidi, signed on Sunday a memorandum of understanding for the deployment of solar power plants with a combined capacity of 500 MW in Sudan. In an official statement, the […]

November 4, 2020 Read More →

French developer Neoen begins construction of 41MW solar farm in Mozambique

Renewables Now: France’s Neoen SA has kicked off construction on its 41-MWp Metoro solar photovoltaic (PV) project in northeastern Mozambique. The start of construction works was marked by an official groundbreaking ceremony last week that was attended by French government officials and the Mozambican president Filipe Nyusi, the Africa Solar Industry Association (AFSIA) announced. French […]

October 27, 2020 Read More →