AfDB to invest $600m in Africa for alternative energy

January 24, 2020

Chinelo Anohu, head and senior director of the Africa Investment Forum

The African Development Bank says it has freed up $600 for investment in renewable energy in Africa. Akinwunmi Adesina, the president, African Development Bank, who disclosed this in his keynote speech at the UK-Africa Investment Summit, said, “Huge opportunities exist for investment in renewable energy, especially for hydropower, wind, solar, thermal and geothermal. “But many […]

Nigerian mechanical engineers urged to sharpen skills on renewable technology

Businessam StaffJuly 26, 2018

Mechanical Engineers

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), has challenged mechanical engineers in the country with interest in renewable energy technology to up their skills and expertise to support current initiative by the corporation to create a non-fossil fuel driven economy. The NNPC GMD stated this in Abuja Wednesday while speaking […]

Despite tariffs, report says US solar power climbs 13% in Q1, 2018

Ayobami AdedinniJune 12, 2018

In spite of the new tariffs on imported solar panels, the U.S. solar power market recorded an annual growth of 13 percent as it added 2.5 gigawatts of solar PV in the first quarter of the year, a U.S. Solar Market Insight Report from GTM Research and the Solar Energy Industries Association (SEIA) said Tuesday. […]

Reinvest oil subsidy in renewable power, create energy bank – Energy economists

Businessam StaffJune 11, 2018

The emerging global energy landscape has implications on emerging energy economies because of changes in technology, economics and public policy. These changes have turned major energy importers to exporters (e.g the US); unconventional energy sources becoming conventional and made renewable energy components of the global energy supply mix, significant. These changes portend great consequences, and […]

IRENA, Innovation Mission sign agreement to push renewable energy use

Bukola OdufadeJune 1, 2018

The International Renewable Energy Agency (IRENA) and Mission Innovation have signed a letter of agreement to boost and accelerate clean energy innovation globally. The agreement was signed between Ibrahim Baylan, minister for policy coordination and energy in Sweden, on behalf of Mission Innovation, and Adnan Z. Amin, director-general of IRENA. The collaboration is aimed at […]

AfDB partners GCF, Africa50 to fund 10-GW Desert to power programme

Businessam StaffMay 30, 2018

The African Development Bank, AfDB, has signed a letter of intent (LoI) with the Green Climate Fund, GCF, and the Africa50 investment fund to collaborate on the Desert to power programme, which aims to develop 10,000 MW of solar energy across the Sahel region. The project intends to provide solar-generated electricity to 250 million people, including […]

Renewables: No threat to oil & gas

Ayobami AdedinniMay 22, 2018

The renewable energy sector has been described as an opportunity rather than a threat to the oil and gas sector. In the past few years, there has been a lively debate about the increasing role of renewables at the expense of fossil fuels, particularly in power generation. Some say that renewables are not an existential […]

Scientists design new solar panels to capture energy from rain

Ayobami AdedinniMay 21, 2018

Scientists have designed new solar panels to capture energy from rain as part of improvements on the current design that captures energy from the sun alone. Two groups of scientists from Soochow University, and Yunnan Normal and Ocean Universities in China have come out with hybrid solar panels or all-weather solar panels to generate electricity […]