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Kenya: Globeleq secures ATIDI guarantee for Menengai geothermal project

Globeleq and African Trade & Investment Development Insurance finalise a payment guarantee for the Menengai geothermal project (35 MW), securing financing ahead of its planned operational launch in Kenya.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.

Port-au-Prince plunged into darkness after forced shutdown of hydroelectric plant

Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
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Petronas cuts 5,000 jobs and exposes contradictions in its African operations

Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.

Only 2.1% of African green hydrogen sites deemed competitive for export to Europe

A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.

Kenya: China strengthens its presence in national energy infrastructure

In Kenya, China is consolidating its dominant position in the energy sector through massive exports of clean technologies and major infrastructure contracts, as Nairobi accelerates its energy and industrial targets for 2030.
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Chinese energy investments: new models and challenges in Africa

Faced with the heavy debts of emerging countries, China is shifting its strategy in Africa, reducing massive loans in favour of targeted commercial investments as Western competition intensifies around clean energy technologies.

Ethiopia accelerates regional energy integration with Abbay Dam

Ethiopia is intensifying its role in East Africa's energy interconnection by focusing on hydropower and electricity exports to neighbouring countries.

Tullow Oil sells Kenyan assets to Gulf Energy for $120 mn and remains on standby

Tullow Oil sold its stakes in the Lokichar Basin to Gulf Energy while retaining a future entry right, marking a new step in its debt reduction strategy in Kenya.
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A tanker linked to Russia’s shadow fleet intercepted in the Gulf of Finland

Estonian authorities have detained a tanker without official flag registration, suspected of belonging to Russia’s shadow fleet, while en route to a strategic Russian port.

Fuel shortage disrupts electoral logistics in Burundi

Burundi’s main opposition coalition warns of direct consequences from the energy crisis on the organisation of the June legislative elections.

Uganda finalizes historic agreement to build Hoima oil refinery

After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.
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The Rise of Off-Grid Solar in Africa: A Lever for Rapid Electrification

With 600 million Africans without electricity, massive investments in off-grid solar are emerging as a key solution. Cheaper and quicker to deploy than national grids, this model is attracting interest from donors and governments.

Germany Mobilizes 150 Billion Euros for a Partnership with Africa Around Hydrogen

Germany Mobilizes 150 Billion Euros for a Partnership with Africa Around Hydrogen

Nigeria Sees Husk Install 20 MW of Solar Mini-Grids in 2024

Husk Power Systems doubled its network of solar mini-grids in 2024, reaching 20 MW installed capacity, positioning itself as a key player in rural electrification across Sub-Saharan Africa.
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Jean-Christian Bergeron appointed as head of Rubis Énergie to accelerate growth

Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.

Kenya: 40% of Global Growth in Geothermal Energy in Ten Years

With 40% of the global growth in geothermal capacity over ten years, Kenya emerges as a key player thanks to its ambitious renewable energy projects.

The OPEC Fund approves nearly one billion dollars for strategic global projects

The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
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India Bets on Solar Energy: Khavda, A Record-Breaking Project

India is building the world's largest solar power plant in the Gujarat desert. With 60 million panels and 770 wind turbines, Khavda exemplifies a colossal ambition to address the country's energy and climate challenges.

Adani Group: $55 Billion Lost Following Gautam Adani’s Indictment

The Adani conglomerate has lost $55 billion in market capitalization following corruption charges against its CEO, Gautam Adani, in the United States. The case has shaken markets and jeopardized its international partnerships.
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ENGIE Energy Access deploys 15 Solar Mini-Grids in Zambia

ENGIE Energy Access is preparing to deploy 15 solar mini-grids in Zambia's Eastern Province, with a target of 60 installations by 2025. This project, financed by the European Development Fund and the European Union, aims to improve access to electricity for local families and small businesses.
ENGIE Energy Access Déploie 15 Mini-Réseaux Solaires en Zambie.

BII and Meridiam invest $15 million in energy in Tanzania

BII and Meridiam sign a $15 million agreement to extend access to energy in Tanzania, aiming to supply 170,000 people and 4,000 businesses.
BII et Meridiam Investissent 15 M$ dans l'Énergie en Tanzanie.

Geothermal cooling project to reduce heat stress in Kenya

Researchers at Robert Gordon University (RGU) in Scotland are installing geothermal cooling systems in low-income communities in Kenya, funded by the Scottish Funding Council and the Global Challenges Research Fund.
Géothermie au KENYA.

Inauguration of a 1GW geothermal-powered datacenter in Kenya

Kenya is preparing to take a step forward in geothermal power generation with a 1 GW green data center, backed by Microsoft and G42.
Geothermal Green Data Center

IFC and Italian climate fund invest in biofuels in Kenya

IFC and the Italian Climate Fund announce a $210 million investment to develop biofuels in Kenya, supporting the decarbonization of transport and the livelihoods of local farmers.
L'IFC et le Fonds Climat Italien Investissent dans les Biocarburants au Kenya pour aider l'agriculture et les transports.

EDP supports renewable energy projects in Africa

EDP's A2E Fund finances energy projects in five African countries, contributing to energy inclusion on the continent.
Projets énergétiques Afrique EDP

Kenya: recurring power cuts disrupt daily life

Kenya was plunged into darkness following a massive power failure exacerbated by torrential rains causing devastating floods.
Pannes Électriques et Crise Climatique au Kenya

Libya: Ukrainian attacks affect oil imports

Ukraine's drone attacks on Russia are affecting an illicit oil trade in Libya, already a source of political tension.
Ukraine drones importations pétrole Libye

War in Sudan triggers oil crisis

The stoppage of a crucial oil pipeline in the midst of the war in Sudan poses a serious threat to the economy of South Sudan, which is heavily dependent on oil revenues.
oléoduc Crise pétrole Soudan du Sud

Kenya 2034: Going nuclear

Kenya plans to inaugurate its first nuclear power plant in 2034, a flagship project in its five-year strategic plan for a sustainable energy revolution.
Kenya plan nucléaire 2034

Kenya: Modernization of the Olkaria I geothermal power plant

The expansion of the Olkaria I geothermal park in Kenya, orchestrated by Toshiba ESS, marks a major step in the modernization of the country's energy infrastructure, reinforcing its commitment to renewable energies.
Géothermie au Kenya: Toshiba ESS Réinvente Olkaria I

Kenya: Financial Close for Menengai Geothermal Project

The Menengai geothermal project, led by Globeleq in partnership with the Geothermal Development Company, has reached financial close, marking a significant milestone in the development of renewable energy in Kenya.
MENENGAI-GEOTHERMAL-POWER

McKinsey Influences Carbon Credit Debate at COP28

The revelation of McKinsey & Company's active involvement in the promotion of carbon credits at a COP28 preparatory summit highlights the stakes and controversies surrounding this practice in the context of global climate policies.

COP28: The ‘Unabated’ Fossil Energy Dilemma

The fate of the climate negotiations at COP28 rests on an ambiguity surrounding the term "unabated fossil fuels", evoking a decisive turning point in global climate policy.
unbated sequestration carbon

Nigeria launches its Carbon Market Strategy

President Bola Tinubu announces the creation of a special committee to draw up a national strategy for the carbon market in Nigeria, marking a major turning point.
Nigeria, Strategie Marche Carbone_Energynews

Inauguration of ORREC in Djibouti

ORREC, the Regional Observatory for Research on the Environment and Climate, announces its inauguration by the Djiboutian government.

Red Sea Drilling Company: a National Geothermal Company in Djibouti

The Red Sea Drilling Company is developing geothermal energy in Djibouti to ensure energy independence with 1000 MW of 100% RE electricity by 2030, while training local engineers and attracting investment. It also plans to boost water supplies and expand beyond Djibouti's borders.

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