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Globeleq Clinches Win in South Africa’s BESS Tender with 153MW/612MWh Red Sands Project Globeleq, a forefront independent power producer in Africa, has recently achieved Preferred Bidder status for its Red Sands project in the Northern Cape, as part of South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP). The project, set to become Africa’s largest standalone battery energy storage system, is strategically located about 100km southeast of Upington, underscoring Globeleq’s commitment to pioneering energy solutions on the continent. Initially developed by African Green Ventures (AGV), the South African subsidiary of the Norwegian company Magnora ASA, listed on the Oslo Stock Exchange, the Red Sands project will span approximately 5 hectares (12 […] Read the full story here: https://lnkd.in/dWgj3USd #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #africa #besipppp #bess #eskom #globeleq #southeastasia #tender

With a low electrification rate, South Sudan is a prime candidate for accelerated investment in decentralised energy solutions to increase rural energy access and stimulate industrial development.   The country features opportunities for regional and international partners to support the development of solar mini-grids, an achievable and scalable energy solution for South Sudan’s rapidly growing population, which remains heavily reliant on diesel-powered generators for electricity. As one of Africa’s largest oil producers, the country is also seeking an influx of capital and technology to expand its upstream sector.   Last year South Sudan finalised a three-billion-dollar deal with U.S. oil company, Caltech Investment, to invest in and grow its petroleum industry and associated infrastructure.   South Sudan is also looking to forge partnerships in technical training, skill building and knowledge transfer as it aims to develop its local workforce and transform its national oil company, Nilepet, into an integrated energy operator by 2027 #whyafrica #africa #energy #solar #renewableenergy #oilandgas #exploration #eastafrica #tanzania #southsudan #uganda #kenya #whypowerafrica #africanenergy https://lnkd.in/deC4EA6G

With a low electrification rate, South Sudan is a prime candidate for accelerated investment in decentralised energy solutions to increase rural energy access and stimulate industrial development.   The country features opportunities for regional and international partners to support the development of solar mini-grids, an achievable and scalable energy solution for South Sudan’s rapidly growing population, which remains heavily reliant on diesel-powered generators for electricity. As one of Africa’s largest oil producers, the country is also seeking an influx of capital and technology to expand its upstream sector.   Last year South Sudan finalised a three-billion-dollar deal with U.S. oil company, Caltech Investment, to invest in and grow its petroleum industry and associated infrastructure.   South Sudan is also looking to forge partnerships in technical training, skill building and knowledge transfer as it aims to develop its local workforce and transform its national oil company, Nilepet, into an integrated energy operator by 2027 #whyafrica #africa #energy #solar #renewableenergy #oilandgas #exploration #eastafrica #tanzania #southsudan #uganda #kenya #whypowerafrica #africanenergy https://lnkd.in/d2WJF37j

📢 Project Highlight! 💡 African Development Bank Group, Trade and Development Bank Group - TDB Group and Finnfund in USD 117M financing for Globeleq’s 35MW Menengai #geothermal plant in Nakuru, #Kenya. This is a crucial step towards Kenya's goal of 100% clean energy by 2030. Michael Awori, TDB CEO, emphasizes the significance of the energy transition. #RenewableEnergy #GeothermalPower Read More 👇 👇

“Financial close has been reached for the USD 117 million financing to Globeleq by the African Development Bank Group as mandated lead arranger (MLA), #TDB and Finnfund for the 35MW Menengai #geothermal plant in Nakuru, #Kenya.” This greenfield #geothermalenergy project broke grounds earlier this year, and is part of the first phase of the wider Menengai complex, Kenya’s second largest geothermal field currently being developed. Michael Awori, TDB Chief Executive said: “This exciting transaction comes at a time where TDB is ramping up its support to the energy transition. We are also pleased to be part of Kenya’s journey of meeting 100% of its electricity needs with clean energy by 2030, by adding to the country’s grid more cost-effective green baseload power, while boosting economic activity. We are likewise pleased to add geothermal energy among the sources of renewable energy we are financing in the region, alongside hydro, solar and wind.” (photo credit: Shutterstock)

Owendo Mineral Port (OMP) is committed to a low-emission economy. A 1.56 MWp solar system will soon be installed on the port's premises, located 21 kilometers from Gabon's capital, Libreville. The project is financed by British International Investment (BII), a British financial institution. Owendo Mineral Port (OMP), a public-private joint venture between Arise Ports & Logistics, Meridiam and the Gabonese government, is in the process of solarizing its facilities. A 1.56 MWp solar panel system and a 1 MW battery electricity storage system will soon be installed, mainly on the roofs of 6 workshops, within the port platform located 21 kilometers from Gabon’s capital, Libreville. The project’s environmental benefits include a reduction in CO2 emissions, estimated at over 1,700 tonnes per year, and optimization of the port’s operating costs. The $2.6 million project will be financed under the partnership agreement that OMP has just signed with British International Investment (BII), the UK’s development finance institution. “We are delighted to have identified this value-added opportunity with OMP to help address climate challenges. This is in line with BII’s ambition to achieve a net zero portfolio by 2050, and to support the decarbonization efforts of our portfolio companies,” explains Geoffrey Manley, Director and Head of Energy Access and Efficiency at BII. The BII’s financing is linked to an energy audit. According to the investment company, the Owendo mineral port’s electricity demand is around 7,730 MWh, which suggests that much remains to be done to achieve full solarization of OMP’s electricity needs. Moreover, as part of its sustainable development strategy, the port intends to electrify its mechanical equipment and transport vehicles. Read more: https://lnkd.in/dpX7eWDD by Boris Ngounou #RenewableEnergy #Solar #Gabon #Africa

Kenya is a model state that has revised it's policies and legislation to accelerate the private development of it's geothermal power sector. Already nearly 50% of it's power is supplied by geothermal - the highest energy contributor in the nation. This represents highly visionary political leadership that is driving this use of it's nation's valuable resources to benefit itself and it's people. #Caribbean leaders would do well to follow this example, particularly in #StKitts, #Montserrat, #Stlucia, #Dominica, #Stvincent, and #Grenada which are rich in geothermal resources. And now some of the largest corporates are believers in this government vision and moving to increase local investment in the data center sector by over US$2B. These companies are power hungry and convinced on baseload geothermal energy as a power source for their own needs. https://lnkd.in/eQWhCkVV

Eni celebrates the first shipment of LNG from the Republic of the Congo, marking its entry into LNG exporting countries. President Sassou-N'Guesso, Eni’s Chairman Zafarana, and CEO Descalzi laud the successful start-up, highlighting collaboration with local partners and government support. The Congo LNG project, initiated in 2022, achieved production within a year, demonstrating Eni's efficient execution. The project ensures zero flaring and contributes to energy security. Eni's longstanding presence in Congo underscores its commitment to the country's energy transition through various initiatives, including renewable energy and sustainable mobility. 🚀🌍👌🏽 #CongoLNG #EnergySecurity #SustainableDevelopment #EnergyRevolution #LNGExport #GlobalEnergy #EconomicGrowth #EnvironmentalResponsibility #SustainableFuture #EnergyTransition #ClimateAction #RenewableEnergy #CleanEnergy

Equatorial Guinea’s energy sector is continuously growing, owing largely to efforts by the National Oil Company (NOC) GEPetrol to unlock sustainable investment opportunities for global players. Through the integration of low-carbon technologies and sustainable business practices, the NOC aims to drive the next wave of energy security in West Africa on the back of Equatoguinean oil. #OOTT #AECNews #OilandGas #EquatorialGuinea

Cedar LNG, a joint venture between the Haisla Nation and Pembina Pipeline Corporation, has reached a positive Final Investment Decision (FID) on the world’s first Indigenous majority-owned, hydro-powered floating liquefied natural gas (LNG) facility. This project will be powered by renewable electricity from BC Hydro, making it one of the lowest-emitting LNG facilities globally. With a nameplate capacity of 3.3 million tonnes per annum, the Cedar LNG Project is located in the traditional territory of the Haisla Nation on Canada’s West Coast. This strategic positioning leverages Canada’s abundant natural gas supply to deliver a lower-carbon energy option to global markets. “Today, the Haisla Nation, with our partner Pembina, have made history as the world’s first Indigenous community to develop an LNG facility as majority owners,” said Crystal Smith, Chief Councillor of the Haisla Nation. ” Because of our Nation’s determination and environmental leadership, Cedar LNG will make the most significant mark on economic reconciliation ever in our country. With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity. We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.” Read more: https://lnkd.in/eh_mJmke #hydropower #LNG #indigenousnations