Friday 17th September 2021
Friday, 17th of September 2021
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Renewable Energy

Nigerian firm issues Africa’s first green bond for renewable energy project

Dr. Jubril Adeojo

The firm of OneWattSolar (OWS) has announced the issuance of the first series of its ₦10 billion ($24.4 million) Green Bond Issuance Programme, comprising the first tranche of a ₦2 billion ($4.9 million) seven-year Green Bond Issue and second tranche of a ₦1 billion ($2.4 million) seven-year Green Sukuk Issue. Dr. Jubril Adeojo, Co-Founder and Chief Operating Officer of OneWattSolar ...

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Germany’s largest solar thermal system gulps €10m

Rita Schwarzelühr-Sutter

Germany’s largest solar thermal system, located on the Römerhügel in Ludwigsburg-Kornwestheim, has been described as a model for municipal energy. Rita Schwarzelühr-Sutter, German Parliamentary State Secretary The “SolarHeatGrid” project was funded between 2017 and 2020 by the Federal Environment Ministry (BMU) with around €10 million as part of the National Climate Protection Initiative. Rita Schwarzelühr-Sutter, Parliamentary State Secretary in the ...

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IKEA, Rockefeller foundations to launch $1bn fund to boost renewable energy – UN

António Guterres

Two global foundations, the IKEA and the Rockefeller Foundations, have announced plans to launch a one billion dollar fund, to boost access to renewable energy in developing countries. António Guterres. UN Secretary General The foundations made the commitment during a series of recent virtual meetings of the UN ministerial forum, according to a statement by UN. “Some 50 ministers outlined ...

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Stakeholders advocate broader exploration of renewable energy resources

Segun Adaju

The President, Renewable Energy Association of Nigeria (REAN), Dr Segun Adaju, says over 23 million households and 17 million Small and Medium Enterprises (SME) in the country rely on generators for an average of eight hours daily. President, Renewable Energy Association of Nigeria (REAN), Dr Segun Adaju He spoke at the Lagos Chamber of Commerce and Industry (LCCI) virtual Lagos ...

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TotalEnergies says investments in Nigeria’ll tend more towards renewables

Patrick Pouyanné

TotalEnergies says its investments in Nigeria will tend more towards renewable sources of energy as the company moves to become one of the world’s top five in renewables by 2030. Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies Mrs Bunmi Popoola-Mordi, Executive General Manager, Total Country Services, made the disclosure on Wednesday, June 23, 2021 at a virtual news ...

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Togo gets first independently produced utility-scale renewable energy project

AMEA Power Plant

AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), on Tuesday, June 22, 2021 announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo, marking the country’s first utility-scale renewable energy project developed by an Independent Power Producer (IPP), and one of the largest solar PV IPP plants in West Africa. Inauguration of the AMEA ...

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Don urges govt to diversify energy mix with renewable energy source

Prof Adisa Ademola Bello

A don, Prof. Adisa Bello, has urged the Federal Government to diversify energy mix with renewable energy source. Prof Adisa Ademola Bello Bello, who is of the Department of Mechanical Engineering, Abubakar Tafawa Balewa University (ATBU), Bauchi, made the call while delivering the institution’s 45th inaugural lecture on Friday, June 18, 2021 in Bauchi. The inaugural lecture was entitled “Deploying Renewable ...

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Clean energy projects: Fund achieves first close at €130m

Kevin Kariuki

The Africa Renewable Energy Fund II (AREF II) has achieved its first close at €130 million, according to a statement from the African Development Bank (AfDB) on Friday, June 18, 2021. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, AfDB This followed a joint investment of €17.5 million from the Sustainable Energy Fund for Africa (SEFA) and ...

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Investors seek to unlock low-cost capital for renewable energy venture

UNDP-GEF

Lack of local capital – one of the challenges facing large-scale renewable energy development in Nigeria – was the fulcrum of discussion at a recent forum as stakeholders sought a way out of the investment quagmire. Participants at the Stakeholders’ Consultative Forum At a two-day Stakeholders’ Consultative Forum on “Unlocking low-cost capital for grid-connected renewable energy investment in Nigeria” held ...

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Renewable energy: Stakeholders validate training manual for mini-grid developers

Stakeholders' Validation Workshop

A draft training manual/curriculum detailing the knowledge required for a developer in the mini-grid space to be able to successfully execute Interconnected Mini-Grids (ICM) in Nigeria has been endorsed. Participants at the Stakeholders’ Validation Workshop in Lagos A mini-grid is a set of small-scale electricity generators and possibly energy storage systems interconnected to a distribution network that supplies electricity to ...

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