Africa Energy Headlines International

Sub-Saharan Africa: Investment in renewables needs to increase five-fold to meet COP28 goals

Sub-Saharan Africa’s investment in renewable energy needs to be boosted five-fold to meet the commitment of increasing global clean energy capacity to 11,500 gigawatts by 2030, according to a recent study. At COP28, governments reached a consensus to triple global renewable energy installations by 2030, to cap global warming at 1.5°C. But for Sub-Saharan Africa […]

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Avoiding ‘resource curse’: why Africans benefit little from big oil and gas finds

Senegal joins other African countries like Nigeria or Namibia that have struggled to manage their oil and gas resources discovered in recent years for the real benefit of the people, including by improving the energy situation at home. The oil and gas finds in Africa have rarely lived up to their promise, often doing more […]

Africa Energy Europe Finance Headlines International Morocco

German fund earmarks €270M to enhance hydrogen production in several countries, including Morocco

Germany’s Power-to-X Development Fund has unveiled a significant €270 million grant opportunity aimed at enhancing hydrogen production in select countries, including Morocco, South Africa, Kenya, Egypt, Brazil, Georgia, and India. This initiative, launched in 2023 and supported by the German Ministry of Economic Cooperation and Development, represents a crucial step toward advancing green hydrogen industries […]

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Lobito corridor: West’s bid against China’s BRI and its grip on African ore

With the support from the European Union and the United States, Angola, Democratic Republic of Congo (DRC) and Zambia hope soon to realize their ambitious plans to shore up their green energy resources — and face up China’s influence. In October 2023, the EU and the US passed a declaration to support efforts to revive […]

Americas Business Emerging Markets Energy Headlines International Morocco

Morocco’s pioneering role in green energy sector highlighted by US news outlet

Morocco’s pioneering role and exemplary record in the sector of green energy have been highlighted by US news website “RealClear Defense” which pointed out that the North African Kingdom has risen to the challenge of green energy at a time when the insidious but ongoing crisis generated by climate change arguably puts the entire globe […]

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Morocco’s central bank alerts to climate change impact on monetary policy

Central Bank governor Abdellatif Jouahri warned of the impact of climate change on monetary policy and said the bank was working with the government on a strategy on combating climate change and mitigating its impact.   Climate change “affects growth, employment and inflation, the main variables on which monetary policy decisions are based. Besides, climate-related […]

Asia Emerging Markets Energy Headlines International Morocco

Chinese wind turbine developer Aeolon to open up its first international plant in Nador

Chinese company Aeolon, specializing in the production of next-generation wind turbine blades, announced the beginning of the construction works of its first overseas plant in Morocco’s Nador Industrial Acceleration Zone. The plant, requiring an initial investment of €220.8 million, will produce wind turbine blades for markets in Europe, Africa, and the Middle East. It is […]

Energy Headlines Morocco

ONEE, Nareva and GE Vernova sign MOU to decarbonize Laâyoune power plant

Morocco’s National Office of Electricity & Drinking Water (ONEE) has partnered with GE Vernova’s Gas Power business and Nareva to decarbonize Laâyoune Power Plant, which is powered by three GE Vernova 6B heavy-duty gas turbines. The project, first of its kind in Africa, will enable the North African Kingdom to generate carbon-free electricity using green […]

Business Emerging Markets Energy Headlines Morocco

Morocco plans to operate Laayoune’s power plant on green hydrogen

Morocco seeks to make the power plant of Laayoune, the largest city in the Moroccan Sahara, operate on green hydrogen instead of heavy fuel as part of its low-carbon goals. In this respect, a Memorandum of understanding was signed by Morocco state-owned water and electricity company ONEE, NAREVA, and GE Vernova to conduct a feasibility […]

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ECOWAS: Withdrawal of Mali, Burkina Faso & Niger from African Bloc Kills Algeria-Nigeria Pipeline Project

Mali, Burkina Faso, and Niger have announced their withdrawal from the Economic Community of West African States (ECOWAS), dealing a hard blow to France and the Algerian regime which is serving the agenda of the former French colonial power in the region. In a joint statement released Sunday, the three Sahel countries said they took […]