Finance

Multiple wind turbines set against a sunset sky
Finance

Africa seeks policy shift to scale up investment

Africa needs more than targets and positive words to mobilise urgently needed investment in climate change impact measures and the energy transition. Are international policy forums providing the solutions? Reports Ian Lewis Akinwumi Adesina, President of the African Development Bank (AfDB) pulled no punches at the Bank’s annual meeting in May. “Africa is being short-changed […]
Finance

Youth Energy Summit (Yes!) – Global Energy Alliance For People And Planet (Geapp) Join Yes! As One Of The Founding Members And Foundational Partner

EnergyNet is delighted to announce that the Global Energy Alliance for People and Planet has joined the ‘Youth Energy Summit (YES!)’ as its first Foundational Partner. The ‘Youth Energy Summit (YES!)’ is a convening hub to align entrepreneurs, students and early career professionals with the corporate and development communities.  With a goal of reaching 100 […]
Finance

Can Africa states turn green hydrogen ambitions into reality?

African countries are in a race against time to establish themselves as renewables-driven hubs to supply escalating global demand for green hydrogen, reports Ian Lewis Green hydrogen production is becoming established as one of those new industries with a seemingly assured future in which African countries and their copious renewable energy resources are well positioned […]
Finance

Droughts Raise Doubts over Hydro’s Future Role in Africa

Uncertainties surround the outlook for hydropower in Africa, but new projects of varying sizes continue to gain access to financing across the continent, reports Ben Payton In Zambia and Zimbabwe, electricity has become a precious commodity over the past few months. The two countries have been enduring severe power cuts since late last year. In […]
Finance

One Rule for Them?

Hydrocarbons-related projects across the globe are finding it harder to get a hearing these days. But, asks James Gavin, is Africa still being held to tougher standards than other parts of the world?
Finance

Access To Reliable And Affordable Off-Grid Energy To Be Transformed Across Benin Under New Eib – Engie Energy Access Initiative

Households, smallholders and entrepreneurs in remote locations across Benin will be able to access reliable and cheap electricity for the first time under a new off-grid solar scheme agreed between leading solar energy company ENGIE Energy Access and the European Investment Bank, one of the world’s largest financiers of renewable energy.   The European Investment […]
Finance

Gridworks And The Government Of Uganda Announce Pilot Project For Private Investment In The Country’s Electricity Transmission Sector

Each has been identified as a priority by Uganda’s national transmission utility (UETCL) in its latest Grid Development Plan. Gridworks will develop and finance the project – providing up to US$90m equity funding – with Siemens undertaking the upgrade work on the four substations. Investment in the transmission sector is critical to realise the Ugandan government’s development […]
Finance

Financing Challenges and Opportunities in Africa

Lion’s Head Global Partners Managing Director James Doree speaks to Bill Lumley about progress in funding Africa’s energy transition. How do Lion’s Head funds play a role in Africa’s energy transition? It comes down partly to what we mean by energy transition. Our funds all have the ethos of targeting an issue and being able […]
Finance

Making Just Energy Transition in South Africa Happen

A commitment to long-term decarbonisation in South Africa is set to reinvigorate investment opportunities in the country’s energy sector. Eskom Holdings Just Energy Transition General Manager Mandy Rambharos talks to Bill Lumley. What are the key challenges and opportunities for Just Energy transition in South Africa? With coal-fired utilities accounting for 88% of South Africa’s […]
Finance

Going Private

IPPs across Africa are growing in size and scale, thanks to their ability to attract a more diverse array of financing. James Gavin reports. Over time, independent power projects (IPPs) have emerged as Africa’s fastest growing energy sector structures, spreading in popularity across borders and meeting with a surfeit of investment as private sector backers […]
Finance

Kenya Seeks to Maximise Benefits from ‘Baseload’ Renewables

Kenya’s geothermal and hydropower resources have been major contributors to the country’s success in boosting electricity access rates, but can they play a major role in meeting surging energy demand in the future? Kenya has been one of Africa’s success stories in terms of progress towards the UN global Sustainable Development Goal of achieving universal […]
Finance

African Energy Data

Africa’s electricity supply industry gaining momentum despite crises and delays. In common with other industries, Africa’s power sector has suffered major challenges during the Covid-19 pandemic, resulting in delays, cancelled projects, and new ways of working. Problems remain, but there are indications that some momentum is returning. 2021 marked a low point for new capacity […]

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