KfW approves R2.8bn Just Energy Transition Partnership concessional loan for Cape Town

German development bank KfW has approved a R2.8-billion concessional loan for the City of Cape Town, which will use the funding to strengthen its electricity infrastructure and integrate renewable-energy supply. The loan conditions were not disclosed, but the financial terms were described as “favourable”, as well as supportive of South Africa’s just energy transition.
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Tharisa invests £1.5m in JV to develop low-emission natural gas catalysers for shipping industry

Newly formed joint venture (JV) Methanox has secured a £1.5-million investment from platinum group metals (PGMs) and chrome concentrates producer Tharisa towards accelerating methane emissions reductions from natural-gas-powered ships. The Methanox JV is the brainchild of London’s Queen Mary University renewable energy senior lecturer Dr Patrick Cullen and chemical engineering programme director Dr Paul Balcombe, along with University College London inorganic chemistry Professor Andrew Beale and London-based climate technology laboratory Prosemino.
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Germany’s KfW to lend Cape Town €150m for green energy

Cape Town is set to accelerate its switch to green energy and limit reliance on erratic supply from the state power utility after winning a €150-million ($157-million) loan from Germany’s KfW Development Bank. The loan, which was agreed in December and will be announced this week at a ceremonial signing, will be used to bolster the power grid of South Africa’s second-biggest city to allow the transmission of more renewable energy, the bank said. It could also be used to help the municipality generate more of its own power, it added.
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