Fund-to-boost-solar-power-chronicle

Fund to boost African Off-grid Solar Power Companies

Triple Jump, an Amsterdam based impact-focused investment manager, will act as portfolio manager and Persistent, a Zurich based venture and private equity firm with expertise in the off-grid sector, will serve as investment advisor to the fund. Enclude, a Palladium company, advised on the structuring and execution of the fund. The fund is designed to…

Global energy transformation: A roadmap to 2050

Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study from the International Renewable Energy Agency (IRENA) highlights immediately deployable, cost-effective options for countries to fulfil climate commitments and limit the rise of global temperatures. The envisaged energy transformation would also…

US firm Labacorp proposes 900-MW solar project in Zimbabwe

US-based Labacorp Power Company America wants to present a 900-MW solar project to the government of Zimbabwe, The Herald reports, quoting a company statement. Labacorp Power’s local partner Craft Properties (Pvt) Ltd has announced that the US company would like to schedule the presentation for July 2019. The event will allow it to explain how…

Renewables will dominate world’s energy needs, says global body IRENA

Renewable energy could become the dominant source of energy across the world, provide up to 86% of global power demand under a scenario in which deeper electrification means that electricity’s share of final energy consumption jumps from its current levels of 20% to 50% by 2050. A new report published by the International Renewable Energy…

The Kathu Concentrated Solar Power plant was officially inaugurated in South Africa

The Kathu Solar Park constructed as an EPC project by ACCIONA and the engineering and technology group SENER, was officially inaugurated in the Northern Cape Region, in South Africa. The opening ceremony was hosted by the Northern Cape’s Premier, Sylvia Lucas. From ACCIONA, it was present the Managing Director of ACCIONA Industrial, Ramón Jiménez, among other representatives, and…

DEWA, ACWA Power, And Silk Road Fund Reaches Financial Closing On 950MW 4th Phase Of Mohammed Bin Rashid Al Maktoum Solar Park

24March, 2019 Summary Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950-megawatt fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world.…

Renewables Could Generate 100 Per Cent Of The Uae’s Power ‘Within 50 Years’

24 Mar 2019 Renewables could generate 100 per cent of the UAE’s power needs within 50 years, if the investment and will is there, according to the outgoing head of the International Renewable Energy Agency.Adnan Amin, director general of the Abu Dhabi organisation, made the prediction in a wide-ranging interview with The National as the 60-year-old prepares…

The U.S. Trade And Development Agency (USTDA) And AEG International Ghana Partnership For Solar Energy

U.S. Ambassador to Ghana Stephanie S. Sullivan led an event today in Kpone to mark the new partnership between the Ghanaian company Strategic Security Systems International, and its subsidiary Strategic Power Solutions, with the U.S. Company AEG International. Their initial objective will be to provide solar energy to six dioceses of the Ghana Catholic Church.…