Engineering bursary launched with a solar PV focus

Solar technology and engineering expert Sola has launched its first engineering bursary. The bursary will pay for the tuition of a final-year electrical engineering student and provide them with a job opportunity as a graduate engineer in the solar photovoltaic (PV) field.
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Sasol’s new 2030 and 2050 decarbonisation targets to be ‘substantially higher’

South Africa’s carbon-heavy fuels and chemicals group Sasol is poised to announce a “substantially higher” target for the reduction of its greenhouse-gas emissions following an intensive period of financial and organisational restructuring during its 2021 financial year. The JSE-listed group took far-reaching actions – including selling $3.8-billion-worth of assets, slashing capital expenditure (capex) and securing savings of more than $2-billion – to deleverage its unsustainable balance sheet without resorting to the $2-billion rights issue initially mooted.
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AfDB finalises $20m off-grid recovery platform financing agreements

Development finance institution the African Development Bank (AfDB) has reached financial close on financing agreements for a $20-million of concessional investment from the Sustainable Energy Fund for Africa (Sefa) for the Covid-19 Off-Grid Recovery Platform (CRP). The five-year, $50-million CRP blended finance initiative is designed to provide relief and recovery capital to energy access businesses, supporting them through and beyond the pandemic, the bank said on August 15.
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