Finance

Multiple wind turbines set against a sunset sky
Finance

Power Africa: on accelerating energy access and the importance of in-depth conversations at PAS24

The Powering Africa Summit (PAS24) will mark the close of Power Africa’s 10th year Anniversary celebrations. As summit hosts, Power Africa talks to EnergyNet about the ideas, goals and opportunities to be discussed in March.  Why is PAS 2024 important for Power Africa? The Powering Africa Summit 2024 is important for Power Africa because we are going […]
Finance

The Green Continent

Africa’s huge energy resources mean the continent is well placed to capitalise on gathering momentum behind clean energy technologies, if investment can be mobilised, reports Ian Lewis IRENA estimates that if Africa pursues an ambitious energy transition pathway, more than 12m transition-related new jobs could be created for 2019-2030. Africa’s energy sector is emerging blinking […]
Finance

Scaling up or scaling back?

Achieving the best funding model for renewable energy schemes is proving a challenge, but patience will be key, writes James Gavin When the World Bank’s Scaling Solar iniative was recently called “a victim of its own success”, the response from the Bank’s private sector arm, the International Finance Corporation (IFC) was suitably pithy. A letter […]
Finance

An All-of-Alliance Approach to Access

Collaboration is required to drive down the cost of much-needed clean energy solutions Africa urgently needs to find more innovative ways of connecting public and private investment to close the finance gap, to accelerate the transition to cleaner energies, and to ensure universal access to electricity on the continent. No one actor can solve this. Rather, a […]
Finance

Mission Critical: How Africa can Profit from its Mineral Boom

Africa has at least a fifth of the world’s reserves in a dozen minerals that are critical for the energy transition. With China and the US desperate for supplies, how can the continent harness this extraordinary opportunity? Writes David Thomas In the tree-topped southern hills of Mozambique’s Cabo Delgado province, the sprawling Balama mining complex […]
Finance

Geothermal Race Heats up Africa

Kenya has led the way in developing its geothermal energy resources – with support from the land of ice and fire, Iceland. Can its neighbours catch up? Reports Ben Payton Africa is breaking apart – literally. From the Gulf of Aden in the north, all the way to Mozambique in the south, the African continental […]
Finance

Solar Leads the way as Africa Attracts Fresh Renewables Investment

Some large renewable energy projects are coming to fruition, even if the investment climate for African renewables remains fragile, reports Ian Lewis The case for developing Africa’s copious renewable energy resources to overcome the continent’s huge power deficit has always been strong. It’s a case that has become all the more compelling given the intensifying […]
Finance

Traditional Energy Projects Face up to Funding Challenges

How is Africa’s oil and gas sector dealing with ESG constraints? Development finance is still available for gas-to-power and LNG, but some oil projects are struggling to tap commercial lending support, writes James Gavin The news in early May of this year that Standard Chartered Bank would not be financing the East African Crude Oil […]
Finance

Saying YES! to a Bright Future for African Energy

Guiding the next generation to generate their own visions for a more sustainable world The Youth Energy Summit (YES!) is returning for its second edition at this summer’s Africa Energy Forum in Nairobi, Kenya, as it looks to build on the platform established last year to boost skills, connections and the business readiness of future […]
Finance

Interview with , British International Investment

A lack of adequate financing for tackling climate change in Africa has become dire and is "choking" the continent, African Development Bank President Akinwumi Adesina said this week. How can investors like BII bridge the gap? As the UK's development finance institution, British International Investment is the UK government's primary vehicle for climate finance. Our […]
Finance

Green Hydrogen at Heart of Namibia’s Vision 2030

Harry Clynch spoke to James Mnyupe, Economic Advisor to the President of Namibia, about the key role of green hydrogen in the country’s development plan Around the world, industrialised economies are looking to undergo green transitions. Countries across Europe and North America particularly are seeking to reduce their dependence on carbon and fossil fuels by […]
Finance

Unleashing Africa’s Potential, in ‘Private’

The private sector will play a crucial role in channelling innovation towards universal access ambitions The rate of electrification in sub-Saharan Africa needs to triple in order to achieve universal access by 2030, and the private sector will be absolutely pivotal in helping to realise that aim. This is due to the simultaneous need to […]

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