By Edson Baraukwa | Africa Guardian Engie, a French utility company, anticipates increased mergers and acquisitions in Africa’s renewable energy sector, including in South Africa. Following its $1-billion acquisition of renewable assets from Actis last year, Engie is focused on integrating these assets rather than seeking further acquisitions. However, the company is also working on developing a pipeline of…
The Spanish initiative is in line with the aims of the $8.5-billion Just Energy Transition Partnership between South Africa and funding partners including France, Germany, the US, UK and the European Union. Spain is providing 2.1 billion euros ($2.3 billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle…
In SA, the money will be used to close coal-fired electricity stations and replace them with renewable energy plants and battery storage systems South Africa and Indonesia will receive a combined $1 billion from the Climate Investment Funds to replace some of their coal-fired power plants with renewable energy facilities, part of global efforts to cut planet-warming emissions. The…