French companies announce R50bn in new South African investments

French companies have announced R50-billion of new investments in South Africa in different sectors, including energy, health, tourism, mobility, retail, manufacturing and agro-industry, the French Embassy in South Africa said. The announcement was made at the 2022 South African Investment Conference on March 24  and follows the announcement of R20-billion in investment commitments in 2019, a pledge which has already been fully fulfilled.
/by

Ramaphosa uses investment gathering to highlight reform progress

President Cyril Ramaphosa used the fourth South Africa Investment Conference to reassure investors that steady progress was being made on implementing the economic reforms that are regarded as crucial for raising levels of growth and employment. In his opening address he highlighted the reform progress that had been made in the areas of electricity, digital communications, freight logistics and in opening up the country to skilled professionals to work and do business.
/by

UK government talks with industry about accelerating nuclear energy projects

Earlier this week UK Prime Minister Boris Johnson reaffirmed that nuclear energy would form a major element in Britain’s future energy system, because it was clean, reliable and safe. He did so at a roundtable with nuclear sector companies, which he hosted at his official office and residence, 10 Downing Street. “He set out [his] government’s commitment to supporting the industry to develop a thriving pipeline of future nuclear projects in the UK in a cost-effective way,” stated the UK government press release. “Industry representatives set out the various technologies and projects they are developing, from larger nuclear power plants to small modular reactors, capitalising on both British and international expertise.”
/by

Africa needs off-grid support to avoid 30m losing access

Off-grid power development in Africa needs support to prevent at least 30-million people from losing electricity access after disruptions related to the global pandemic caused many distributors to struggle to remain operational, according to a new report. Solar technology and other off-grid solutions have brought power to about 60 million people over the last decade, but restrictions designed to mitigate the spread of Covid-19 slowed providers down, causing funding shortages and delays, researchers at the Smith School of Enterprise and the Environment at the University of Oxford wrote in a policy brief.
/by

Opinion: Why green hydrogen is the fuel of the future

In this article, ENGIE MD for thermal, hydrogen, desalination and battery storage for Africa Jonathan Debasc unpacks why green hydrogen is the future for South Africa. Renewable energy has widely been heralded as the future for countries on the journey towards becoming net-zero emission economies. Solar and wind, in particular, have been in the spotlight in South Africa because of the country’s abundance of resources – with some of the highest load factors globally.
/by

Scatec refinances its power plants in South Africa

Renewable energy solutions provider Scatec has refinanced the non-recourse debt facilities for its Kalkbult, Dreunberg and Linde solar power plants, in South Africa, with the existing lenders. Scatec’s share of proceeds from the refinancing, based on its 45% ownership in the power plants, amounts to R540-million.
/by

World needs to double efforts to limit warming to 1.5 ºC by 2050 – WoodMac

The world is facing its biggest challenge yet in its journey towards net-zero emissions and needs to double-down on plans to achieve the goal of limiting the rise in global temperatures to within 1.5 °C above preindustrial levels by 2050, natural resources market research company Wood Mackenzie (WoodMac) notes in its ‘Accelerated Energy Transition 1.5-Degree scenario’ report. “Record commodity prices and recent geopolitical changes have highlighted the challenges in navigating the energy transition. To remain on course, those most exposed to global commodity markets need to double-down on plans to decarbonise through electrification and other emerging, net-zero enabling technologies.
/by