Sub-Saharan Africa offers an investment opportunity of 193 billion dollars in renewable energy and transmission by 2031, reveals a study quoted by Bloomberg. Utility-scale wind, solar, storage and transmission projects in several African countries could produce an internal rate of return of 15%...
Italy will disburse 5.5 billion euros to finance clean energy production projects in Africa, as part of the world's energy transition. The announcement was made by the Italian ambassador to Angola, Cristiano Gallo, this Thursday in Luanda, according to the Angolan state news agency, Angop. Speaking to the press on the sidelines of the...
Mozambique will produce 70% of cooking gas to feed the domestic market from the end of this year, the National Director of Hydrocarbons and Fuels at the Ministry of Mineral Resources and Energy (MIREME) said on Thursday in Maputo. According to Moisés Paulino João, the fuel will be produced with the start-up of...
A report by Boston University's Global Development Policy Center and the African Economic Research Consortium has concluded that China can lead investments in green energy in Africa. According to the document quoted by Reuters, China should contribute to the energy transition through trade, financing and...
Zimbabwe is to launch a Renewable Energy Fund with an initial investment of 45 million dollars, which will be managed by the international financial services group, Old Mutual. The fund is the main strand of the "Catalyzing Renewable Energy Investments to Accelerate the Achievement of the SDGs in Zimbabwe" project, which...
The African Development Bank (AfDB) is in a better position to mobilize public-private investment in the field of renewable energy, according to the Deputy Minister of Economy and Finance, Amílcar Tivane. Speaking this Wednesday in Egypt during the second session of the AfDB's Board of Governors, he said that the country is transforming its energy matrix...
The European Union is going to launch a financial instrument for the development of private sector projects in the field of renewable energies, with a budget of 15 million euros. The head of the Infrastructure and Private Sector team at the EU delegation in Maputo, Veerle Smet, said on Monday that the project will be called "Electrificar" and will serve to...
A survey by a recruitment firm has concluded that the oil and gas industry is on the verge of experiencing a labor shortage as more than half of the sector's workers look to migrate to the renewable energy industry. The survey showed that 43% of workers intend to leave the energy industry...