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Solar plants funded by Standard Bank in South Africa are expected to contribute an additional 5% of power to the national grid by the end of 2024

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In Short : Solar plants funded by Standard Bank in South Africa are expected to add 5% to the country’s electricity grid by the end of 2024. This significant contribution underscores the impact of renewable energy investments in expanding South Africa’s energy capacity and reducing its reliance on fossil fuels. The development aligns with the […]

Globeleq Consortium reaches legal close on South Africa solar plants – EQ Mag

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Globeleq, Africa’s leading independent power company and the majority partner in the Ikamva Consortium (the Consortium), have reached legal close on six solar PV projects under the South African government’s fifth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Achieving legal close means that power purchase agreements with Eskom, and implementation […]

Egypt imposes fees on integrating solar plants for irrigation on electricity grid – EQ Mag Pro

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The main objective of the decision is to open the way for farms consuming large amounts of electricity to implement solar irrigation plants The Electricity Utility and Consumer Protection Regulatory Agency issued a decision to determine a fee for integrating energy produced from solar plants for irrigation activity on the electrical grid this week, causing […]

Norwegian Empower New Energy to Invest in 4 Solar Plants in Morocco – EQ Mag Pro

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During the 16-year contract, the plants are expected to generate around 3,800 MWh of energy per year. Rabat : Norwegian Empower New Energy will spend $2 million (MAD 19 million) to supply Morocco’s largest poultry group Zalar Holding’s with solar electricity. The Norwegian business will work with Morocco’s renewable energy company Jet Energy to install […]

Iran: Solar Plants Produce Almost 50 Percent of Iran’s Renewable Power – EQ Mag Pro

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MENAFN) Based on the stated statistics, the total capability of Iran’s renewable power plants hit 844.59 megawatts (MG) at the end of the past Iranian calendar month. Accordingly, wind power plants with 303.18 MW of capacity accounted for 36 percent of the mentioned figure, occupying second place in the country’s renewable energy basket. Small hydropower […]