Tag: Energy
🇪🇬 Scatec signs PPA with Egypt Aluminium for major solar + BESS project
Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200MWh BESS project in Egypt backed by a sovereign guarantee. Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately…
German fund backs 100,000-ton green ammonia project in Morocco
The PtX Development Fund has chosen a groundbreaking Moroccan project focused on green ammonia production, awarding it a substantial grant of 30 million euros (equivalent to 312 million dirhams). This non-repayable funding, provided by KGAL Investment Management and the German bank KfW, is set to propel the Jorf Hydrogen Platform forward. The initiative, spearheaded by…
🇿🇼 A fitness club in a Zimbabwe cemetery aims to outpace death one step at a time
HARARE, Zimbabwe (AP) — At dawn, 65-year-old Nelly Mutandwa swapped her pajamas for leggings, a T-shirt and sneakers. She grabbed a bottle of water before heading to an unconventional workout spot: a cemetery in Zimbabwe’s capital, Harare. Surrounded by rows of graves, she joined other members of the Commandos Fitness Club in an hour-long session…
🌍 Major Solar Flares Predicted, Ozone Impact, SDO is Back
However, it is unlikely that solar activity would have a significant impact on this process.
🇪🇺🇳🇴Surge in Electricity Demand from European Data Centers Expected by 2030
Projected Rise in Electricity Demand for Data Centers in Europe and Lessons for Pan-African Nations by 2030 Europe’s data centers are set to experience a significant rise in electricity demand, with a projected increase from the current 2.2% to 4.5% of the continent’s total electricity consumption by 2030. This translates to approximately 150 terawatt-hours (TWh),…
Kenya’s first nuclear power plant faces opposition from coastal residents
An area has been set aside in Kenya’s southern county of Kilifi for the construction of the country’s first nuclear facility. The project on the coast of the Indian Ocean is expected to be fully operational by 2034. But it has faced fierce opposition. On Friday (Oct. 11), a group of activists and environmentalists took…
Global Debt Hits Record High in 2024, Reaching $312 Trillion
According to the Institute of International Finance, global debt levels surged by $2.1 trillion in the first half of 2024, setting a new record of $312 trillion by the end of Q2. The rise was primarily attributed to increased borrowing by the US and China. A significant portion of this borrowing is linked to the…
Zambia asks mining companies to increase energy saving efforts
Officials have asked mining companies in Africa’s second-biggest copper producer to double their power-saving efforts to 40% of normal demand. Zesco Ltd., the state power utility, requested operators to increase curtailments or source their own emergency power from this month. Copper is crucial to Zambia and the industry generates about 70% of export earnings, so…
Zambia mining company to fuel progress with 300 MW coal-fired power plant
Zambia’s Maamba Collieries will build it over two years starting in August, its local shareholder ZCCM-IH announced. The country has been importing and rationing electricity after a drought hit hydropower generation, the main power source for Africa’s second-largest copper producer. “The project’s total cost is estimated at $400 million, with a consortium of debt investors…
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