The African Development Bank has ambitious plans to scrap coal power stations across the continent and switch to renewable energy. Speaking at the United Nations climate talks recently, the bank’s president, Akinwumi Adesina, said “Coal is the past, and renewable energy is the future”, stressing that that the bank will “get out of coal”. The […]
The European GNSS Agency (GSA) and the European Investment Bank (EIB) have signed an agreement to cooperate on supporting investment in the European space-based service economy. The agreement was signed as part of celebrations at GSA headquarters in Prague on 10 September 2019 to mark the agency’s 15th anniversary. With the new agreement, the GSA […]
Lesotho’s minister of energy and meteorology, Tsukutlane Au, is set to launch an energy investment and diplomacy drive later this year. Au will discuss new hydropower, wind and transmission projects with African ministers and over 1000 investors at the Africa Oil and Power 2019 conference which will be held in Cape Town from 9 to […]
Autodesk is investing in Factory_OS, a company that is improving the way to design and build housing that is more affordable. Factory_OS is constructing multi-family housing through an industrialised construction model. The company is bringing the construction job site to the manufacturing shop floor, delivering housing units that are constructed 40% faster, 20% less expensive […]
The Guardian reports that Norway will divest billions of dollars, from is trillion-dollar government pension fund, from fossil fuels and will invest more deeply into clean energy markets. As a giant global fund, owning an average of 1,3% of every listed company in the world, this decision will reverberate across international markets. Norway’s decision will […]
Reatile Renewables has taken up a 20% shareholding in Juwi Renewable Energies’ EPC company, which is currently building three projects for Round 4 of South Africa’s renewable energy independent power producers procurement programme (REIPPPP), totalling 250 MW of grid-connected solar PV. Reatile formally entered into the agreement, with the signing of the papers by Simphiwe […]
The International Energy Agency’s (IEA’s) annual benchmark for tracking energy investment, World Energy Investment 2019 reports that in 2018, global energy investment stabilised at over US$1,8-trillion after three years of decline. The report provides a full picture of today’s capital flows and what they might mean for tomorrow’s energy sector. It assesses whether the frameworks […]
Speaking to representatives from the governments of Denmark, Finland, Norway and Sweden at a breakfast prior to the opening of the 2019 African Utility Week conference and exhibition in Cape Town, Jeff Radebe, the minister of energy, said that South Africa has a distinguished relationship with the Nordic countries which supported the country during its […]
The global 3D mapping and monitoring technology specialist, GeoSlam, has set the wheels in motion to achieve ambitious global growth plans, with the appointment of new CEO Shelley Copsey, the creation of GeoSlam Labs, and securing a £5,4-million investment. With experience in the commercialisation of early stage technologies, Copsey has been involved in the recruitment […]
The minister of energy invites all investors in the energy sector to consider South Africa as a developing nation with huge potential to grow in a politically stable environment. The country is open for business and welcomes foreign direct investments. Addressing ministers, senior government officials, company CEOs and other dignitaries from Kenya, Togo, Benin, Sao […]
