Mobile and modular power solutions provider Aggreko has signed a ten-year contract with global miner Gold Fields to provide a 25.9 MW hybrid solar and thermal power solution for the Salares Norte openpit gold/silver mine, in Chile. This solution has been designed to provide power for the entire mine, which sits at an altitude of 4 500 m in the Andes mountain range and is 190 km from the nearest town.
Lifting the licensing threshold for distributed-generation projects to 50 MW or higher could unlock an estimated 5 000 MW of additional capacity in five years and go a long way to rapidly easing South Africa’s debilitating power supply constraints. This is the conclusion of a Meridian Economics analysis of a recent industry survey conducted by EE Business Intelligence at the request of Meridian Economics.
A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just Transition Finance Roadmaps in South Africa and India Project’ is being backed by the UK’s development finance institution, the CDC Group, in partnership with Trade & Industrial Policy Strategies (TIPS) and the National Business Initiative (NBI), of South Africa, as well as the Observer Research Foundation, LSE Grantham Research Institute on Climate Change and the Environment, the Harvard Kennedy School’s Initiative for Responsible Investment and the National Institute of Public Finance and Policy.
Global wind and solar company Mainstream Renewable Power has signed an agreement with renewable energy investment company Aker Horizons, which will take a 75% equity stake in the company, subject to regulatory approval. The deal values Mainstream at €1-billion (including a potential earn-out of up to €100-million in 2023 and subject to customary adjustments), which represents a significant return for shareholders of up to 5.5 times investment, the company acclaims.
Emerging natural gas and helium producer Renergen has replaced its old transport truck with a new one, equipped with the diesel dual fuel (DDF) kit and tank from the former truck, in a bid to prove the equipment will “outlast the truck”. While the truck itself is not linked to the company’s recently announced cold-chain storage solution, the company uses the truck to transport gas to its customers.
Renewable energy software company Clir Renewables has formed a partnership agreement with renewable energy generator Lake Turkana Wind Power (LTWP).
The partnership will result in Clir enhancing LTWP’s wind farm performance tracking and support its Kenya-based team in realising potential opportunities for enhancement.
Renewable energy development zones (REDZ) have a key role to play in the South Africa’s just energy transition, creating priority areas for investment in the electricity grid and increasing South Africa’s green energy map, by enabling higher levels of renewable power penetration, industry organisation the South African Wind Energy Association (SAWEA) says. REDZ are geographical areas where wind and solar photovoltaic power development can occur in concentrated zones.
South Africa’s state power utility Eskom said on Sunday that a nationwide phased power cut due to end on Sunday would resume from Monday morning because some generating units were not yet operational. “As the return to service of some generation units has been delayed … Stage 2 loadshedding will be implemented from 5:00 tomorrow morning,” Eskom tweeted.
UK-based hybrid clean energy company Shearwater Energy is developing a wind small modular reactor (SMR) and hydrogen production hybrid energy project in North Wales.
The project will provide 3 GW of zero-carbon energy and is also expected to produce over three-million kilograms of green hydrogen a year for use by the UK’s transport sector, ensuring full use of the energy produced.
Diversified miner Exxaro’s board of directors has approved the appointment of independent nonexecutive director Chanda Nxumalo, effective February 1.
She has 15 years of experience in the renewable energy and power sector, having worked across North America and Europe gaining experience in delivering technical, commercial and environmental advisory services in the renewables sector.
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