Global energy investment will reach a record $3.4 trillion in 2026, with clean energy attracting nearly double the capital flowing into oil, gas and coal, the IEA says.
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In the News
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President Boakai has sent a $57 million World Bank financing agreement to Liberia’s legislature covering a 30MW solar plant and a 42MW expansion of Mount Coffee hydro plant.
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KEY POINTS The Dangote Petroleum Refinery has reduced its gantry price of automotive gas oil (diesel) by N200 per litre, bringing the new rate down from N1,800 to N1,600. The …
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KEY POINTS The Federal Capital Territory High Court in Abuja has dismissed a $19.6 million lawsuit filed against the Nigerian National Petroleum Company Limited, NNPC Ltd, by Alternate Dimensions Ventures …
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KEY POINTS Shareholders of ExxonMobil have approved the company’s proposal to shift its legal incorporation to Texas, marking a significant corporate decision for one of the world’s largest energy companies. …
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KEY POINTS Eskom has commenced construction of a new R1.2 billion 75-megawatt solar power plant at the Lethabo Power Station in the Free State province, marking a major milestone in …
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In the NewsOil & Gas
African Billionaires Secure Historic Windfall as Shipping Crisis Redraws Global Oil Map
KEY POINTS The prolonged blockade of the Strait of Hormuz has completely reshuffled the global oil order. Satellite imagery analyzed by German business publication WirtschaftsWoche and earth observation firm LiveEO …
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Ghana’s renewable energy capacity stands at 280MW and just 5 percent of its energy mix. Public and private solar investment is now pushing hard toward a 2027 target.
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The World Bank has committed $50 million to expand electricity access to nearly 147,000 people in Lesotho through grid expansion and off-grid solar solutions.
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Angola plans to grow electricity production from 6,400 to 9,000 megawatts by 2027, driven by the completion of the massive Caculo Cabaça hydroelectric plant.