The initiative, which AEC is embarking on in partnership with the United Nations Economic Commission for Africa (ECA) and the Secretariat of Sustainable Energy for All, aims to mobilise private sector financing for accelerated clean energy deployments in Africa.
Built as part SEW-Eurodrive’s M-Series modular industrial gear units, the MACC is a purpose designed gearbox solution for driving the modern fan-based air-cooled condenser (ACC) systems used in steam-driven power generation plants.
“Energy storage will undoubtedly play a major role in the decarbonisation and green energy transition movements in the world as it strives to solve intermittency issues with renewable energy, such as solar and wind.
The transaction represents a joint vision by the two DFIs to mobilise climate finance to Africa and back clean infrastructure projects across the continent.
INDUSTRY NEWS
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- Nersa’s approval of curtailment rules expected to unlock wind projects in Eastern and Western CapeMay 9, 2025 - 3:04 pm
- Opinion: Carbon tax changes to reshape commercial and industrial property sectorMay 9, 2025 - 12:01 pm
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