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Renewable energy generation needs to be accelerated, says SAWEA

AFRICA

How Africa could become a global hydrogen powerhouse – EQ Mag Pro

July 23, 2022

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Africa’s abundant solar and wind energy could make it a global hub for producing low-carbon hydrogen, the IEA says. Hydrogen is an energy-rich element that does not warm the atmosphere when it’s used as fuel. Africa could produce 5,000 megatonnes of hydrogen a year, equivalent to “global total energy supply today,” the IEA says. About […]

AFRICA

Africa needs to double energy investments to achieve energy, climate goals by 2030: IEA – EQ Mag Pro

June 25, 2022

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Full access to modern energy by 2030 will require investment of $25 billion per year Investment in energy sector will need to be doubled to achieve Africa’s energy and climate goals, including universal access by 2030, a new report showed. Africa needs investment of over $190 billion each year from 2026 to 2030, with two-thirds […]

AFRICA

Africa needs $25 bn a year for full electricity access: IEA – EQ Mag Pro

June 22, 2022

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Focus on renewables and natural gas would charge up continent’s economic development, says Fatih Birol Annual investment of $25bn would deliver universal energy access in Africa by the end of decade, according to the International Energy Agency, reversing a fall in electricity provision as a result of the economic impact of the Covid-19 pandemic and […]

Solar and wind contributed 88 percent to rise in renewable energy in 2021 despite uncertainties report

AFRICA

Global renewable energy capacity additions expected to reach 320GW this year – IEA – EQ Mag Pro

May 18, 2022

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Solar PV is on course to account for 60% of global renewable power growth in 2022, followed by wind and hydropower New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ […]

Renewables will provide 95% of power capacity growth in next five years

UAE

Renewable power set to break another global record in 2022 despite headwinds: IEA – EQ Mag Pro

May 14, 2022

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PARIS : New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ energy security and climate benefits, according to the International Energy Agency. The world added a record 295 gigawatts of […]

SAUDI ARABIA

Saudi Arabia leads OPEC decision to drop IEA data as US ties fray – EQ Mag Pro

April 13, 2022

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Issues include global demand revision in February IEA report on energy transition rankled OPEC+ members question watchdog’s independence DUBAI : A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain […]

OMAN

Oman warns of $200 oil in dig at energy agency – EQ Mag Pro

September 11, 2021

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Oil producer Oman warned Thursday that crude prices could soar to $200 a barrel as it criticised the International Energy Agency’s ambitions of halting new fossil fuel projects to combat climate change. The IEA called in May on for a halt to new investment in oil, gas and coal extraction in order to boost chances […]

IRAQ

Iraq Can Fix Electricity Crisis By Planning Long-Term Reforms, IEA Says – EQ Mag Pro

August 27, 2021

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International Energy Agency experts say country’s power grid has all but collapsed as it is gripped by a searing heatwave. Iraq’s electricity sector must bring in long-term reforms and solutions to fix its power cut crisis, an International Energy Agency official has told The National. A widespread power cut hit Iraq a few days ago […]

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