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Mainstream Renewable Power signs equity investment deal with Aker Horizons

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.
January 19, 2021 by

Renergen hoping to highlight importance of diesel dual fuel with new truck

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.
January 19, 2021 by

Renewable Energy Development Zones vital for a just energy transition − SAWEA

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.
January 18, 2021 by

Eskom to resume power cuts in South Africa on Monday

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.
January 18, 2021 by

Shearwater developing SMR, hydrogen project in North Wales

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.

January 15, 2021 by

Exxaro appoints independent nonexecutive director

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.

January 15, 2021 by

Staying local pivotal for Mozambique LNG project

Local content and employment are integral to one of the largest liquefied natural gas (LNG) projects under way on the continent, says petroleum refining company Total Mozambique country chair Ronan Bescond. The Area 1 Mozambique project is one of three LNG projects that are under way along the Mozambique coast, and one of the largest in the world. The two-train project is expected to yield about 65-trillion cubic feet of recoverable gas, with the ability to expand to up to 43-million tonnes a year.
January 15, 2021 by

Various challenges hindering gas market development

In a report by advisory firm Wood Mackenzie titled ‘Sub-Saharan Africa’s (SSAs) Gas Opportunity: Are Governments Doing Enough’, fiscal and valuations principal analyst Greg Roddick notes that given the lack of reliable and affordable energy in SSA, gas should be playing a vital role.  However, he elaborates that under-investment in infrastructure and high costs, combined with customers’ inability to pay, have been fundamental barriers to date. Uncertain regulatory frameworks and inadequate governance have also hindered market development.
January 15, 2021 by