$3.40trn to be invested globally in renewable energy by 2030 – Report
A recent Frost & Sullivan’s report and analysis has indicated that an estimated $3.40 trillion will be invested in renewable energy during the next decade, including $2.72 trillion in wind and solar. By 2030,...
Clean energy companies get $80m relief against COVID-19 shocks
OBI METU
Green Climate Fund (GCF) recently launched an emergency $80 million Energy Access Relief Fund (EARF) that shields clean energy companies in developing countries in Africa and Asia from COVID-19 economic shocks to keep...
ALL ON , USADF announce nine finalists for the $100k 2020 Nigeria off-grid energy...
The US African Development Foundation (USADF) and All On today announced that nine wholly African-owned enterprises have emerged as finalists for the 2020 Nigeria Off-Grid Energy Challenge.
The winners of the third edition of the...
Husk doubles Nigeria minigrid target at Africa Climate Summit
In a major commitment to fast-track climate-resilient economic growth in rural Sub-Saharan Africa, Husk Power Systems today announced the “Africa Sunshot'' initiative, with a goal of having 2,500 net-zero minigrids operating in off-grid and...
Tesla now worth more than Exxon Mobil, Shell and BP combined
The rise of Tesla reaching the symbolic mark of 2,000 dollars, which is more than the shares of Exxon Mobil, Shell and BP combined, has confirmed the dynamism of the electric car industry in...
Nigeria can achieve 60% rural electrification target by 2020- Ify Malo
In spite of the huge challenges faced in the renewable energy space in Nigeria, a renewable energy advocate and promoter of Power for All, Ify Malo has disclosed that Nigeria can achieve 60 percent...
USADF, All On Open 2019 $100,000 Off Grid Energy Challenge for Nigeria
The U.S. African Development Foundation (USADF) and All On have officially opened the application window for the 2019 Nigeria Off-Grid Energy Challenge, which will provide up to $100,000 in blended finance per enterprise for...
FG signs €9.3m agreement for 23-mini-grids
OBIORA METU
The Federal Government has signed a 9.3millon euro interconnected mini-grid Acceleration Scheme (IMAS) award grant agreement with eight indigenous Solar Mini-grid developers
Mr Goddy Jedy-Agba, Minister of State, Power disclosed this in a statement...
Nigeria’s commercial banks still overlook solar market – Report
Despite the huge investment opportunities in the renewable energy sector, Nigeria commercial banks are yet to play a vital role in proper investment in the sector.
A recent report by solar for businesses in sub-Saharan...
REA eyes more energy project investment, engages NERC on better regulation for mini-grids
.Agency to increase licensing threshold for mini-grids from 1MW to 5MW -Ahmad,CEO
The Rural Electrification Agency (REA) is eyeing more investment in Nigeria’s energy by increasing the licensing threshold for mini-grids from 1MW to 5MW as...
