Opportunities seen in diversifying Nigeria’s renewable energy sources
Phillip Isakpa
February 5, 2018
The major differences between fossil fuel and renewables as sources of energy can be found in two words: reliability and exhaustibility. Fossil fuels are controllable and readily available, but not inexhaustible. However, renewable energy, such as biomass, sun, wind, and water, is somewhat unreliable because we don’t control the energy to be generated, but they […]
Africa’s richest man, Dangote, staking $150m on solar to ramp up industrial activities in Nigeria’s Kano
Ajose SehindemiJanuary 23, 2018
Africa’s richest man, Aliko Dangote, has his eyes set on reviving business activities in Nigeria’s ancient city of Kano with an investment of $150 million in a solar power plant to generate electricity that will power industries and ramp up production, it has emerged from different sources who provided information to Businessamlive for this story. […]
Saudi Arabia plans up to $7bn of renewable energy projects this year
Businessam StaffJanuary 16, 2018
Saudi Arabia expects to start up to $7 billion of renewable energy projects this year, with solar plants leading the way. Tenders will be issued this year for eight projects totaling 4.125 gigawatts of capacity, Turki Mohammed Al Shehri, head of the kingdom’s Renewable Energy Project Development Office, said Tuesday in an interview in Abu […]
Demand for remote renewable energy systems propels power storage market in Sub Saharan Africa, Frost & Sullivan
Businessam StaffJanuary 12, 2018
The drive to integrate renewable energy into the grid whilst at the same time supply constant, reliable power for industry activities is one of the key factors driving the power storage market in Sub-Saharan Africa. Similarly, more residential consumers and rural communities are relying on RE technologies to meet their daily power requirements. While demand […]
Solar-powered cool rooms making big difference, fighting waste in Africa
Businessam StaffJanuary 4, 2018
Food waste in Africa is a serious issue. Half of all the fruit and vegetables produced there are thrown away, even though millions of people across the continent are going hungry. Intermittent power supplies and poor storage facilities mean that staple foods – among them cereals, roots, and tubers – are too often lost after […]
China starts world’s biggest floating solar project of 150MW, worths $151m
Businessam StaffDecember 11, 2017
A unit of China Three Gorges Corp. is building a 1 billion yuan ($151 million) floating solar power plant, the world’s biggest, in the nation’s eastern province of Anhui. China Three Gorges New Energy Co. started building the 150-megawatt project in July and part of the plant has connected to the grid, according to a […]
International Solar Alliance seeks cheap energy via global bids
Businessam StaffDecember 6, 2017
The International Solar Alliance, championed by India and France, came into effect Wednesday, aiming to promote affordable sun-powered electricity to its members through global tenders and cheap financing. The inter-governmental agency, which has been ratified by 19 countries and has 46 signatories to its framework agreement, aims to mobilize $1 trillion of low-cost financing for […]
Inverter chargers could be the future for solar energy
Businessam StaffNovember 30, 2017
The solar inverter is a central component of every solar system, turning the direct current (DC) from a solar panel to the alternating current (AC) we use in homes and the electric grid. Some call it the brains of the solar system because it is where the solar system is monitored and feeds into the […]
Lumos proffers solution to Nigeria’s electricity challenge, unleash the power of the mobile
Goddey OdinNovember 24, 2017
Lumos Mobile Electricity Service is making effort in solving the age-long electricity problem millions of Nigerians face, by combining solar and MTN mobile phone. The service is made available to a large population of Africa’s biggest economy and paid for using mobile phone credit and through a partnership between Lumos and MTN. According to release […]
Rwanda’s renewable energy gets $50m boost
Businessam StaffNovember 15, 2017
Rwanda’s energy rollout efforts received a boost Tuesday, following the operationalisation of $50 million to catalyse private sector’s investment in off-grid energy solutions. The fund, managed by the World Bank and rolled out through Development Bank of Rwanda, is expected to facilitate the electrification of about 445,000 households in the next seven years. This, when […]