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IEEFA
Energy Storage News: Mozambique’s energy and mineral resources minister attended a ceremony to mark the start of construction on the first solar project in the country to be paired with utility-scale battery energy storage. Minister Ernesto Max Tonela made the ceremonial first solar panel installation at Cuamba Solar PV plant, which will combine 19MWp (15MWac) […]
IEEFA
PV Tech: Oslo headquartered renewable power producer Scatec has announced a new partnership with ACME to develop a 900MW solar power plant in the state of Rajasthan, India. The project has a 25-year power purchase agreement with Solar Energy Corporation of India, which was secured during a tender in 2018. It marks Scatec’s first project […]
Simon Nicholas
The growing and irreversible risks being faced by South African coal exporters
As Thungela Resources’ CEO attempts to talk up the future of the Anglo American coal spin-off, South Africa’s second largest coal export destination Pakistan is planning to bring coal imports to an end. Thungela CEO July Ndlovu recently stated that a “just transition” for developing nations requires the continued operation of existing coal-fired power plants […]
IEEFA
Wall Street Journal ($): The electric-car revolution is reaching the streets of Africa. A handful of startups in several countries are building small electric-vehicle fleets of light carriers and motorcycles—vehicles well suited for the continent’s challenging roads—for taxi and delivery services. In February, Kenya-based ARC Ride launched electric two- and three-wheelers for Uber Eats deliveries […]
IEEFA
Arab News: ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), on Monday announced it had started construction on South Africa’s largest ever renewable energy project. The Redstone concentrated solar power (CSP) plant begun construction after it raised 11.6 billion rand ($828 million) from a range of South African and international […]
IEEFA
ESI Africa: Renewables supplied only a third of Africa’s electricity demand growth in 2020 according to energy think tank Ember’s The Global Electricity Review. The Global Electricity Review showed that wind and solar showed resilient growth in 2020, despite the COVID-19 pandemic. While this forced a record fall in global power figures, this was not […]
Press Release and Simon Nicholas
There is no second life for coal
6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]
IEEFA
Associated Press: The French energy firm Total SE announced yesterday that it has halted all operations on its $20 billion investment in a liquefied natural gas project in northern Mozambique as a result of the extremist rebel insurgency there. Total’s declaration of force majeure casts doubt on the future of the gas project, which had […]
IEEFA
Wall Street Journal ($): For all the talk of a transition away from fossil fuels, players in the energy sector are still willing to bet there is more money to be made in oil and coal. Major oil companies such as BP PLC and Royal Dutch Shell PLC are selling billions of dollars of assets […]
IEEFA
S&P Global Market Intelligence ($): The COVID-19 pandemic proved to be a significant disruption for many corners of the global energy industry, but the corporate renewables market plowed ahead as if nothing had happened. S&P Global Market Intelligence tracked over 20,000 MW of new corporate wind and solar capacity throughout the year, making 2020 the […]
IEEFA Pakistan: Coal gasification and liquefaction harmful to economy
There is no second life for coal6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]