Renewables
UMDF funds Namibia's solar project, empowering 50,000 Household
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The African Development Bank’s Urban and Municipal Development Fund (UMDF) has approved US$485,000 for a solar electricity project in Namibia that will power some 50,000 households in the capital city
UK and Kenya progress climate initiatives
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Ground-breaking has taken place at the Menengai Geothermal Power Plant, one of the six green investment projects – worth KES 500bn (US$4.5bn) – that were fast-tracked by President Ruto and Prime Minister Sunak at the COP27 climate summit
Petrofac-STEP Polymers deal brings petrochemical complex to Algeria
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Petrofac has entered into a definitive agreement with STEP Polymers SPA for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria
As previously announced (https://www.oilreviewafrica.com/downstream/downstream/petrofac-wins-petrochemical-project-in-algeria), Petrofac will deliver the US$1.5bn project with its joint venture partner China Huanqiu Contracting & Engineering Corporation (HQC), with Petrofac’s share valued at over US$1bn. The contract was signed at an official ceremony in Algiers by representatives of Petrofac, HQC and STEP.
Tareq Kawash, Petrofac’s group CEO, said, “I am delighted to be in Algiers alongside our partner and client to mark the official award of this pioneering project. Broadening Petrofac’s portfolio within the petrochemical sector, this contract builds on our 25-year track record of safely delivering strategically significant energy infrastructure in Algeria, while developing local workforces.”
Partners seek to unleash potential of distributed renewable energy in Nigeria
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The Global Energy Alliance for People and Planet (GEAPP), in collaboration with Chapel Hill Denham (CHD), has established a new local currency subordinated debt vehicle
Angola receives significant support for solar energy development
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The Export-Import Bank of the United States (EXIM) has approved a direct loan for more than US$900mn to the Ministry of Energy and Water of the Republic of Angola to support the construction of two photovoltaic solar energy power plants
- Land secured for significant wind farm in Egypt
- Accelerating the deployment of renewables can save West Africa significant capital, says Wärtsilä
- Trina Solar triples solar PV module sales in South Africa
- Renewable power deployment sets new milestones across the globe
- Battery storage projects to empower Africa's grid
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