Previously announced plans by the solar developer to pay a deposit to secure gas from a connected business expired on Friday and the company has now said it will focus on a form of the energy carrier powered by renewables.
A business based at a Namibian mine has signed a 15-year power purchase agreement which will back the construction of a 5.4MW solar project. Elsewhere, the AfDB wants to roll-out solar panels to provide electricity access to six million people across six nations over the next six years.
The Chinese solar developer, which has sold off four-fifths of its PV project capacity to state-owned entities, wants the permission of the holders of $420 million of 2024 senior notes to change the terms of their investment so it can buy Ethiopian natural gas from a connected business.
While East Africa – and Kenya is particular – has made great strides in the provision of off-grid solar systems, Central Africa is a long way behind, according to a new report from IRENA and the African Development Bank. In terms of investment, the study’s authors wrote, much, much more will be required to achieve universal electricity access this decade.
The move will encourage private sector renewables companies to be part of the national energy industry, a representative of the regulator told a recent webinar which considered how to accelerate clean energy roll-out in Africa.
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
An international research team has conducted a techno-economical comparison between lithium-ion and lead-acid batteries for stationary energy storage and has found the former has a lower LCOE and net present cost. Through their analysis, which was performed assuming the use of the batteries in connection with a 10 kW, grid-tied PV system, the scientists concluded that lithium-ion batteries are the most viable solution.
Plus there is news this week of a green hydrogen tie-up in India, plans for another German production facility, and of new hydrogen transport networks for Switzerland and the U.S.
With ‘shovel-ready’ projects across India, Africa and Latin America in line for a mix of grants, cheap loans, equity investment and financial guarantees from this year, the two bodies hope to trigger $20 billion in total funding and bring reliable power to a billion people.
The global off-grid solar appliance market began an uneven recovery from the worst ravages of the global pandemic in the second half of last year, according to market body GOGLA, but more finance and policy support must be made available to have any chance of achieving universal electricity access this decade.
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