Energy investment update (09/11/2018)

Weekly Newsletter - 09/11/2018

Dear <<First Name>>,
Please find below this week's summary of renewable and related energy news for Africa and beyond.

Kind regards,

The Camco Team

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West Africa

Cameroon: EDF and IFC to participate in the development of the 420MW hydro-power plant expected to cost US$1.36. CNBC
Nigeria: Lack of adequate transmission capacity blamed for the load shedding set to affect certain localities in Nigeria. Alternative Energy Africa
Ghana: Finalisation of 350MW power plant set to be delayed again after delays are caused by fuel suppliers. Alternative Energy Africa
Ghana: Nation gives approval to Bui power authority to pursue renewable energy in order to achieve 10% clean energy. Ghana Business News

East Africa

Ethiopia: IFC approves US$1.2bn aimed at generating 500MW of electricity through the solar power program. The Reporter.
Tanzania: Nation to get first wind farm after ABO wind group and RP Global form joint venture to develop a total of 400MW. renews.Biz
Ethiopia: National utility set to increase electricity tariffs charged to residential customers. All Africa
Sudan: International companies competing to construct a new 450MW thermal power plant. Alternative Energy Africa.
Kenya: Parliament demands probe into the irregular acquisition of faulty equipment by the national utility. All Africa
Rwanda: Government sets ambitious target to half dependence on biomass by 2024 through increasing access to clean cooking energy. All Africa

Southern Africa

Zimbabwe: India opens up a US$333m line of credit to the South African nation to be used in the upgrade of Hwange Thermal Power Station. All Africa
Malawi: Nkulaa hydropower station officially handed over after a rehabilitation exercise that saw capacity increased from 24MW to 36MW. Alternative Energy Africa.
Angola: Nation set to add 500MW of capacity with 300MW coming from solar. This is in line with the country's plans for 100% electrification by 2025. Alternative Energy Africa.
South Africa: Partly completed 110MW Perdekraal Wind Farm starts supplying power to the grid. Alternative Energy Africa
South Africa: Nation officially joins the IEA. ESI Africa

Caribbean and Southeast Asia

Caribbean Renewable Energy Forum kicks off, with the event's focus being on resiliency in the energy sector. Renewable Energy Caribbean
Philippines: Alison Power Group to start working on a 15MW run-of-river hydropower plant. Power Philippines.
Philippines: Local energy player asks local authorities to consider micro-grids to increase the rate of electrification. Power Philippines

Africa General / Rest of World

Global energy storage market to attract US$1.2t to 2040 based on the declining cost of batteries. BloombergNEF
United Kingdom: New nuclear plant in Cumbria falls through after Toshiba pulls out of the deal. The Guardian
UAE: Solar tariff hits record low of US$0.024/kWh after addition of 250MW of solar PV capacity to the original 700MW of CSP capacity. PV magazine
United Kingdom: Nation to institute carbon tax of GBP16/ tonne in the event a "no deal" Brexit occurs. The tax would affect all installations participating in the EU ETS. BloombergNEF
New Study identifies the dangers posed by large hydro-projects especially for developing countries. BBC News
United Kingdom: Significant milestone as renewable energy installed capacity surpasses fossil fuel capacity. The Guardian
Floating solar PV pegged to perform better than ground mounted solar PV and improve the output of hydro projects. Green Building Africa

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