First Independent Mena Newspaper
Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company said the funds were raised through the placement and subscription of 89.6 million shares at an issue price of 14 pence per share, according to a statement from Chariot posted […]
Morocco’s agency for sustainable energy unveiled a list of six consortiums pre-qualified to build the second phase of Midlet solar plant for a total capacity of 400 megawatts. Morocco’s Nareva, an offshoot of Al Mada investment fund, is in the same consortium led by Belgium’s International Power in the project known as Noor Midelt II. […]
Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to a survey by the Emirati Energy platform, and according to the Global Investment for 2023 report published lately by the United Nations, the kingdom ranks among the top ten developing […]
African countries are aspiring to establish themselves as renewables-driven hubs to supply escalating global demand for green hydrogen, just as hydrogen diplomacy has intensified in recent years, with the EU outpacing other competitors on the green hydrogen front in Africa. More than 50 projects have now been proposed across Africa to supply an expected surge […]
Norwegian renewable power producer Scatec ASA will build a 5 gigawatts wind power plant in the Egyptian city of Sohag, near the Nile, following a $5 billion deal signed with the Egyptian ministry of Electricity and Renewable Energy. In line with the deal, the two sides signed Wednesday an agreement for Egypt’s New and Renewable […]
Africa50, an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, signed Monday in the Togolese capital of Lome, a Memorandum of Understanding (MoU) with the International Solar Alliance (ISA) to support and finance solar projects in Africa. The deal, Africa50 notes, advances the organizations’ mutual goal of increasing […]
U.S. Verde Hydrogen Company, a global leader in the transition to carbon zero hydrogen solutions, has said lately it signed an agreement to develop and commission a 2MW green hydrogen electrolyzer project in Morocco. The project, which will be completed in early 2024, represents a breakthrough development to both the Boston-based company and the green […]
Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]
Morocco’s plans to become a green hydrogen powerhouse are luring European customers including Germany and most recently Netherlands. The Dutch and the Moroccan governments signed a financing deal to look into green hydrogen infrastructure. Germany had integrated Morocco in its H2Uppp program targeting hydrogen projects in developing countries. But the project that is closest to […]
French oil giant TotalEnergies is being sued in Paris by 26 Ugandans, together with five Ugandan and French aid groups, for reparations over alleged human rights violations at its massive mega-projects in the East African country. People from the affected communities in Uganda say the energy firm caused “serious harm”, especially to their rights to […]