Equinor acquires a 9.8 percent stake in Orsted, adding 1.7 GW to its renewable energy portfolio, as both companies navigate challenges in the offshore wind sector.
Renewable Energy
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The US government is investing $1.5 billion to fund four power grid projects aimed at increasing resilience and clean energy integration across multiple regions. Â
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Minister Ramokgopa’s vision for renewable energy in South Africa faces obstacles, including grid capacity and regulatory delays. Reforms are needed to fast-track green energy.
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Nigeria, rich in natural gas, struggles with severe energy shortages. Despite potential, poor infrastructure and reliance on outdated power systems have worsened the crisis.
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KEY POINTS The global goal to triple renewable energy capacity by the end of the decade is still attainable, but substantial investments in power grids and energy storage are required, …
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The IEA stresses that the next round of NDCs will be crucial for tripling global renewable energy capacity by 2030, urging governments to boost commitments and investments.
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Energy TransitionIn the News
EIB, FirstRand Bank Launch R7.9bn Green Energy Initiative in South Africa
KEY POINTS In a major step towards South Africa’s green future, the European Investment Bank (EIB) and FirstRand Bank have announced a joint initiative to boost renewable energy infrastructure and …
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RMI’s groundbreaking study reveals how solar-powered mini-grids are slashing energy costs and boosting productivity in Nigerian agriculture, paving the way for rural economic transformation.
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Gold Fields is boosting its renewable energy efforts at South Deep, with plans to expand its 50 MW solar plant and explore wind power. This move aims to reduce operational …
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Exxaro Resources declares a lower interim dividend as revenue rises but profits fall sharply.