110MW PERDEKRAAL EAST WIND FARM CONSTRUCTION BEGINS
Perdekraal East Wind Farm is preparing the way to begin major construction activities on the largest BW4 wind farm in the Western Cape Province of South Africa.
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Canadian Solar, ET Energy to Build 132 MW Solar Power Projects in South Africa
Canadian Solar Inc. one of the world’s largest solar power companies recently announced the established of a joint venture with ET Energy, a global clean energy developer and operator. The joint venture will see the two companies provide Engineering, Procurement and Construction (“EPC”) services for two solar power projects totalling 132 MW in South Africa for BioTherm Energy, an independent African power producer.
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Africa Financial Alliance for Climate Change Proposed
Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges. Also, seven out of the ten countries most threatened by climate change are in Africa.
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Algeria to Resuscitate Large-Scale Solar Plans
The Algerian government is looking at resuscitating its large-scale solar plans by restarting the 4 GW solar tender which was first announced in March 2017. This was recently revealed by Mouloud Bakli who is the president of Algerian solar energy association, Club Energia, and managing director of Tell Group.
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ChiNT Electric Rescues Zimbabwe Solar Project
Leading Chinese industrial electrical equipment manufacturer and clean energy supplier Chint Electric has committed US$52 million as guarantee for a 100 MW solar project ear marked for Zimbabwe’s Matebeleland South province to the south west of the country.
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US$14 billion Needed Annually for Sub-Saharan Africa Power Sector
The cost of addressing the needs of Sub-Saharan Africa’s power sector has been estimated at US$14 billion a year, which is equivalent to 6% of Africa’s gross domestic product. This was said by South Africa’s Energy Department Minister Jeff Radebe while delivering his welcome speech on the opening day of the two day Power & Electricity World Africa 2018 expo at the Sandton Convention Centre in Johannesburg.
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First Green Bond by Property Company on JSE
Growthpoint Properties is the first South African company to issue a Green Bond on the Johannesburg Stock Exchange (JSE). The Growthpoint Green Bonds, for terms of five, seven and ten years, were issued and listed on the JSE on 9 March 2018.
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Standard & Poors Downgrade Eskom Again
Standard and Poors Global Ratings (S&P) this week downgraded South Africa’s state owned power utility Eskom’s long-term foreign and local currency corporate credit rating to ‘CCC+’.
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Doubling Renewable Energy by 2030 Positive for EU Economy
The European Union (EU) can increase the share of renewable energy in its energy mix to 34 per cent by 2030 – double the share in 2016 – with a net positive economic impact, finds a report by the International Renewable Energy Agency (IRENA), launched in Brussels, Belgium.
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Rwanda Leases E-waste Plant to Private Investor
The Government of Rwanda has signed a ten-year lease agreement with a United Arab Emirates based investor ‘EnviroServe’ to manage and operate an e-waste recycling plant.
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