Wednesday, October 16

clean energy

Mauritius Signs $163 million Solar Power Deal
clean energy, News

Mauritius Signs $163 million Solar Power Deal

An example of a solar farm. ©Wikimedia Commons The Indian Ocean Island of Mauritius has inked a $163 million deal with renewable power producer Qair to supply 60 Mega Watts of solar power. This puts the country closer to its target of generating 60 percent of electricity from renewables by 2030.  In the country's most significant investment in the energy sector over the last 15 years, Qair plans to commission four new solar power plants and battery storage systems by next year.  “This flexible and scalable technology allows for the integration of renewable energy into the grid by shifting solar power generation to the evening peak demand, where traditional solar power plants do not produce, ” said Olivier Gaering, Managing Director at Qair Mauritius, “They are also designed to pro...
Clean Energy Fund Raises Additional $87 million to Boost Africa Work 
clean energy

Clean Energy Fund Raises Additional $87 million to Boost Africa Work 

Wind farm in Tunisia. Photo © Anastasia Palagutina The AfricaGoGreen Fund (AGGF), which invests in renewable energy and energy efficiency projects, has raised an additional $47 million in equity and $40 million in debt to expand its work in Africa.   This second fundraising round brings AGGF’s total funding to $138 million against its target of raising between $230 million and $250 million.  Funding Sources IFC provided $17 million in equity and committed $30 million in debt to the fund while the African Development Bank, the Nordic Development Fund (NDC) and the Sustainable Energy Fund for Africa each invested $10 million in equity. An additional $10 million in debt from Calvert Impact Capital was closed in December 2022.  “This successful sec...
Kenya Steel Maker Turns to Solar to Cut Costs
clean energy

Kenya Steel Maker Turns to Solar to Cut Costs

© American Public Power Association /Unsplash. Kenya’s Jumbo Steel Mills has inked a deal with German solar financier and operator Ecoligo to deliver 4000 kWp for its main plant in Kilifi County to cut energy costs.   Ecoligo has published a notice of its intention to apply for an electric power generation licence this month to the Energy and Petroleum Regulatory Authority (EPRA). It intends to deploy the solar photovoltaic power in full to Jumbo.   Ecoligo will finance and operate the solar plant for eight years on a lease-to-own basis before transferring ownership to Jumbo. The solar firm says it takes three to nine months to build and operate a solar power plant for clients.   The solar system will provide a portion of the required energy to the energy-intensive steel p...
Cut reliance on dirty thermal power to speed up clean energy shift
clean energy, Comment

Cut reliance on dirty thermal power to speed up clean energy shift

Photo © Zbynek Burival/Unsplash To make electricity more affordable to Kenyans and spur sustainable social and economic development, President William Ruto’s administration should speed up efforts to displace expensive and dirty thermal power from our electricity grid.   The government aims to transition power generation to 100% clean and affordable sources by 2030. This entails reducing our reliance on thermal power plants which run on imported and polluting heavy fuel oils (HFO), diesel, or kerosene. Without political will, the 2030 target can easily be missed.  Kenya is lauded globally for being a leader in clean electricity, generating 92% of its power from geothermal, wind, and solar. However, electricity remains too costly for local businesses and homes. This ...