AfDB partners GCF, Africa50 to fund 10-GW Desert to power programme
Businessam Staff
May 30, 2018
The African Development Bank, AfDB, has signed a letter of intent (LoI) with the Green Climate Fund, GCF, and the Africa50 investment fund to collaborate on the Desert to power programme, which aims to develop 10,000 MW of solar energy across the Sahel region. The project intends to provide solar-generated electricity to 250 million people, including […]
Renewables: No threat to oil & gas
Ayobami AdedinniMay 22, 2018
The renewable energy sector has been described as an opportunity rather than a threat to the oil and gas sector. In the past few years, there has been a lively debate about the increasing role of renewables at the expense of fossil fuels, particularly in power generation. Some say that renewables are not an existential […]
Scientists design new solar panels to capture energy from rain
Ayobami AdedinniMay 21, 2018
Scientists have designed new solar panels to capture energy from rain as part of improvements on the current design that captures energy from the sun alone. Two groups of scientists from Soochow University, and Yunnan Normal and Ocean Universities in China have come out with hybrid solar panels or all-weather solar panels to generate electricity […]
Worry over slow progress in renewable energy industry
Businessam StaffMay 7, 2018
Stakeholders in Nation’s renewable energy industry have expressed worry over what they have described as the slow pace of progress in the sector. Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. It is one of […]
Softbank to cut down carbon emissions with green energy blockchain pilot
Businessam StaffApril 23, 2018
Softbank, a group of Japanese technology and energy firms, is launching a pilot project aimed to allow consumers in rural areas to trade renewable energy over a blockchain-based platform. Scheduled to start in June this year and endorsed by Japan’s ministry of the environment, the project will be supervised by energy trading startup Power Sharing […]
Apple announces running on 100% renewable energy
Businessam StaffApril 10, 2018
Apple Inc., American multinational technology company has announced that it now runs its operations on 100 percent renewable energy, including operations around the world, such as their retail stores, offices, and data centres. The tech company has always boasted about its green efforts and how they try to strive for making their products as green […]
Not enough knowledge of biomass keeps industry informal
Bukola OdufadeApril 4, 2018
Biomass as a source of power generation in Nigeria has been more talk than action, unlike its other renewable energy counterparts such as solar or wind energy. Despite biomass being the only baseload source of renewable energy, meaning it can produce constant power without depending on the weather or daylight, it is still overlooked and […]
UK emissions drop 3% on rise of renewables
Businessam StaffMarch 29, 2018
Greenhouse gas emissions in the UK fell 3 percent last year from the previous year, due to increased use of renewable power sources and lower energy consumption. The new figures indicate that the UK has outperformed its target for emissions reduction during the “second carbon budget”, which is part of the country’s plan to cut […]
Saudi Arabia to build $200bn solar power farm to reduce dependence on oil
Businessam StaffMarch 28, 2018
In its latest efforts to increase access to renewables and reduce dependence on oil, Saudi Arabia has drawn up plans to build the world’s biggest solar farm, which, if realized, would create 100,000 jobs in the oil-rich kingdom and produce 200 gigawatts (GW) of energy, a third more than the global photovoltaic industry supplied worldwide […]
More Africa homes get powered as Kenyan M-KOPA Solar secures more fund
Businessam StaffMarch 22, 2018
M-KOPA Solar, Kenyan pay-as-you-go solar energy provider has secured a new round of funding that will be used to extend their product offering to more homes and individuals across Africa. The investment amount, which is undisclosed, includes a first-ever $10 million investment from FinDev Canada, according to ITWebAfrica. Led by U.K. government-owned investment company CDC, […]