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

U.S. Treasury Department will oppose multilateral fossil fuel financing

Reuters: The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some downstream natural gas facilities in poor countries. The new guidance from the Treasury, the largest shareholder in major development banks including the World Bank […]

August 17, 2021 Read More →

South Africa raises solar licensing threshold to 100-MW projects

PV Magazine: South Africa‘s government has officially raised the licensing threshold for embedded generation projects from 1 MW to 100 MW. The new measure – schedule 2 of the Electricity Regulation Act [ERA] – was published in the country’s official journal on Friday. “The amendment follows President [Cyril] Ramaphosa’s announcement on June 10, 2021, that […]

August 17, 2021 Read More →

Belarus company wins bid for 100-megawatt solar plant in Zimbabwe

New Zimbabwe: PRESIDENT Emmerson Mnangagwa’s administration has handed over vast swathes of land in Norton to a Belarusian company which intends to set up a 100 megawatt solar power plant. Presenting a post cabinet media briefing Wednesday, Information Minister Monica Mutsvangwa said the 100-megawatt solar power plant will be funded at US$125, 5 million. “The […]

August 13, 2021 Read More →

ExxonMobil begins selling off U.S. shale gas properties to raise money

Reuters: Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on last year. Three years ago, the top U.S. oil producer set a goal of raising $15 billion from sales by […]

August 11, 2021 Read More →

Kenya launches nationwide crackdown on single-use plastic bags

Nation: The National Environment Management Authority (Nema) will next week start a major crackdown on single-use plastic bags across the country. This comes after the authority expressed concern that some traders are still sneaking the commodity into the country despite its ban in 2017. Nema Director-General Mamo Boru said the war on the single-use plastic […]

August 2, 2021 Read More →

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 →