Solar mini-grids will be critical to universal electrification – Report

Jul 3, 2020

Solar mini-grids could play a critical role in providing electricity to rural communities and businesses and in helping to connect the 789 million people worldwide who currently do not have access. However, the mini-grid market is currently nascent, despite it being the least-cost option for electricity access in many areas. This is according to the State…

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Global offshore wind market set to hit 23GW capacity by 2026

Jul 3, 2020

The global market for offshore wind energy is expected to expand in value from $24 billion in 2019 to $75 billion in 2026. In terms of capacity, stakeholders within the offshore wind energy market are expected to install 26GW by 2026. Factors driving the market growth include surging electricity demand, coupled with the ongoing transition…

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REA in official bid opening for rural electrification projects under the 2020 Appropriation Act

Jun 27, 2020

MD/CEO of REA, Ahmad Salihijo has reiterate that REA is quite strict in the adherence to due process. In his words “We do not compromise transparency and accountability no matter the circumstances. The importance of this is that though many bidders have responded to our invitation, only the ones that meet the technical requirements as…

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Amazon to invest in ‘sustainable’ technologies

Jun 27, 2020

Amazon.com Inc. is investing $2 billion on “sustainable and decarbonizing technologies” in an effort to eliminate its carbon footprint. The fund, which will be run by the company’s internal sustainability team and aided by Amazon’s corporate development group, will have a mandate to back technologies being developed to reduce the greenhouse gas emissions blamed for…

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For first time ever, majority of shareholders push Chevron to align with Paris climate pact

Jun 25, 2020

Proposals by the Climate Action 100+ investor signatories calling on major oil and electric power companies to disclose lobbying activities and improve governance on climate change earned record support during the latest shareholder proxy season. Notably, a 53% majority of shareholders at Chevron Corp. CVX, -0.16% voted for a resolution seeking a commitment from the…

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Demand for raw materials for EV batteries to rise further – UNCTAD Report

Jun 25, 2020

The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes, as highlighted recently by the collapse of prices due to oversupply and weak demand resulting from COVID-19, according to a new UNCTAD report. The report, Commodities at a glance: Special issue…

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Lumos Nigeria lauds FG’s plan to provide 5 million solar home systems

Jun 24, 2020

Lumos Nigeria, Africa’s leading provider of high-quality solar home systems, has commended the Nigerian Presidency on its plan to install five (5) million Solar Home System to serve 25 million households currently unconnected to the National Grid across the country. The report by the Economic Sustainability Committee (ESC), chaired by Vice President Yemi Osinbajo which…

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FG stops funding of non-viable dam projects, concessions Kashimbilla hydropower dam

Jun 24, 2020

Suleiman Adamu, the Minister of Water Resources, says the Federal Government has begun modalities to fully concession the 40 megawatts Kashimbilla Hydropower Dam in Taraba State. The Federal Government also vowed to stop putting money into unrealistic dam projects, adding that it could no longer fund projects with no direct impact on the populace. Adamu…

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U.S. solar firm connects more villages to ‘mini-grids’ in Nigeria, Kenya

Jun 23, 2020

Atlanta-based Renewvia Energy Corp. has taken new steps toward its dream of bringing solar energy to off-grid communities in Africa, building a scalable business the process. In separate projects, Renewvia has netted $1.8 million in funding to enable more of its “mini-grid” projects in Kenya, where it has piloted the concept and built out its…

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IEA plans $3trn post-covid stimulus package focused on renewable energy by 2023

Jun 19, 2020

The IEA plans to invest $ 3 trillion in clean energy technologies by 2023 to support the recovery of the economy after the coronavirus crisis. The funding will be allocated to six priority sectors and will create 9 million jobs by 2023. The International Energy Agency (IEA) has just unveiled its Sustainable Recovery Plan which…

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