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Category: Green Energy

CEC Renewables: Second Annual Report Highlights Achievements and Growth Outlook 1 Mining in Zambia Energy Green Energy 

CEC Renewables: Second Annual Report Highlights Achievements and Growth Outlook

Constance0 comment
In a recent update, CEC Renewables has shared its second annual report, covering the period from January 1, 2023, to December 31, 2023. This report showcases a year of remarkable achievements and outlines the company’s strategies for future growth in Zambia’s renewable energy sector. Key highlights from the report include the completion of the RSP project with a capacity of 34 MW, positioning it as one of the largest solar power plants in the country. Additionally, CEC Renewables established a dedicated management team and registered a USD 200 million Green… Read More Here
CEC Green Bond Listing to Boost Zambia's Green Growth and Climate Resilience 2 Mining in Zambia Energy Green Energy 

CEC Green Bond Listing to Boost Zambia’s Green Growth and Climate Resilience

Constance
The recent listing of the Green Bond by the Copperbelt Energy Corporation (CEC) has been hailed as a significant stride towards supporting Zambia’s Green Growth Strategy, according to Hon. Eng. Collins Nzovu, Minister of Green Economy and Environment. Speaking during the CEC Green Bond Listing Ceremony, Hon. Nzovu emphasized the pivotal role of public-private partnerships in advancing the country’s commitment to environmental sustainability. The Green Bond listing not only opens up Zambia’s capital markets but also aligns with the nation’s determined contribution to reducing carbon emissions, as outlined in its… Read More Here
Billionaire Forrest ‘can’t wait forever’ for $80 billion Congo hydro deal 3 Mining in DRC Green Energy 

Billionaire Forrest ‘can’t wait forever’ for $80 billion Congo hydro deal

Constance
Australian mining billionaire Andrew Forrest warned he “can’t wait forever” to seal a deal with the Democratic Republic of Congo for a hydropower and green hydrogen project that would be the biggest investment in Africa yet. The proposed development on the Congo River would produce at least 40 gigawatts of power — equivalent to almost a quarter of Africa’s total current capacity — and construction could start about 18 months after an agreement is signed, Forrest said in an interview last week. He declined to specify how much capital his… Read More Here
Fortescue Future Industries to produce Green Hydrogen in DRC 4 Green Energy Mining in DRC 

Fortescue Future Industries to produce Green Hydrogen in DRC

Constance
Renowned as a champion of green hydrogen on an international scale, the Australian firm Fortescue Future Industries (FFI) is ready to embark on the production of carbon-free green hydrogen from 100% renewable sources in the Democratic Republic of Congo. (DRC).  This was stated by Andrew Forest, Chairman of FFI, to the Congolese Prime Minister, Jean-Michel Sama Lukonde, during a hearing on Friday March 17, 2022. According to FFI leaders, this is a practical and achievable solution to decarbonize heavy industry and create jobs in the Democratic Republic of Congo (DRC).… Read More Here
Kenya Strengthens Green Hydrogen cooperation with EIB 5 Green Energy Contracts & tenders International 

Kenya Strengthens Green Hydrogen cooperation with EIB

Constance
The European Investment Bank has announced that it will strengthen support for green hydrogen investment in Kenya following the signing of a joint declaration on renewable clean hydrogen  Njuguna Ndung’u, Keyna’s Cabinet Secretary, National Treasury and Economic Planning, commented, “Kenya has some of the best renewable energy sources in the world if the storage components were equally developed. The route to storage has the potential to develop green hydrogen to deliver sustainable, green and inclusive growth. Today’s agreement builds on decades of close cooperation with the European Investment Bank to… Read More Here
In A First In Asia, Adani To Deploy Hydrogen Powered Trucks For Mining 6 Equipment & Technology Green Energy International Technology & Innovation 

In A First In Asia, Adani To Deploy Hydrogen Powered Trucks For Mining

arnbethnic
For the first time in Asia, hydrogen powered trucks will soon be deployed for mining operations in India. In this regard, Adani Enterprises Limited (AEL) on Tuesday (17 January) announced its collaboration with India’s Ashok Leyland and Ballard Power of Canada. The agreement aims to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation. This collaboration marks Asia’s first planned hydrogen powered mining truck. The demonstration project will be led by AEL. While Ballard, a leading PEM fuel cell engine manufacturer, will supply the fuel cell… Read More Here
DRC President Criticizes The Delay Of The Grand Inga project 7 Green Energy Mining in DRC 

DRC President Criticizes The Delay Of The Grand Inga project

Constance
The Grand Inga project has hit a roadblock despite the signing of a memorandum of understanding in September 2020 with Fortescue Metals Group Ltd. to develop what could be the largest hydroelectric project in the world. President Felix Tshisekedi expressed his disappointment with the situation during an interview with Bloomberg on January 19th, 2023, at the World Economic Forum in Davos. He believes that in order to move forward, Fortescue should bring in other investors, particularly from Africa, and potentially scale back their ambitions to accelerate the project’s development. “We… Read More Here
Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year 8 Green Energy International 

Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year

Constance
Africa has the potential to produce €1 trillion ($1.06 trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank. By harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than two euros a kilogram by 2030, the EIB and its partners, the African Union and the International Solar… Read More Here
Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique 9 Electricity Green Energy International 

Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique

Constance
Hidroeléctrica de Cahora Bassa (HCB) and AFD signed a EUR100M non-sovereign concessional loan agreement to contribute to the financing of the plant’s 10-year rehabilitation program, the “Capex Vital”. This program, aimed at extending the life of the plant equipment by at least 25 years, includes the refurbishment of the power plant and the electrical substation. It will improve operational reliability, reduce forced outages and maintenance costs, and restore international standard performance levels. The loan is complemented by a EUR 22M European Union delegated grant to AFD, targeting additional components to… Read More Here
Africa Could Make €1 Trillion Of Green Hydrogen A Year, EIB Says 10 Green Energy International 

Africa Could Make €1 Trillion Of Green Hydrogen A Year, EIB Says

Constance
Africa has the potential to produce €1 trillion ($1.06 trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank.  By harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than two euros a kilogram by 2030, the EIB and its partners, the African Union and the International Solar… Read More Here

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