Africa Matters

Spain to invest $2bn in SA energy transition

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…

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SA, Indonesia get $1bn to close coal plants

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…

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