Morocco seeks to expand International Cooperation on renewable energy

MOROCCO – The government of Morocco aims to further strengthen international cooperation in renewable energy, announced Minister of Energy Transition and Sustainable Development Leila Benali. Benali said that the kingdom seeks to establish more cooperation with countries and international bodies to attract foreign investments and transfer technology, particularly in the energy field. The minister made her remarks at the 26th…

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Egypt signs MoU with Energy 3 to produce biofuel, graphene from waste

EGYPT – The Egyptian Ministry of the Environment has signed a Memorandum of Understanding (MoU) with Energy3 International (E3i) to convert solid waste into biofuel, hydrogen, and graphene for industries in Fayoum. The governorate of Fayoum in Egypt is once again at the heart of a solid waste recovery project, after the inauguration in January 2022 of four biogas production…

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Lafarge Egypt signs US$93M solar energy deal with Lumika Renewables

EGYPT – Lafarge Egypt, part of cement giant Holcim Ltd, has signed a US$93 million deal with Lumika Renewables to offtake electricity from a solar park. Lumika Renewables is a joint venture of South Africa-based industrial group Reunert and A.P. Moller Capital. The joint business was created in 2021 to develop a portfolio of cost-efficient, renewable energy solutions for commercial…

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Saft wins contract to store electricity for the Boundiali solar power plant

CÔTE D’IVOIRE – Saft, a subsidiary of the French group TotalEnergies, has won a contract from French industrial engineering company Eiffage Energie Systèmes to deliver a 10MW energy storage system (ESS) for the Boundiali solar PV power plant. The 37.5MWp plant is owned and operated by CI-Energies (Côte d’Ivoire Energies) and is located in Boundiali, a city of about 40,000…

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Rural Electrification Agency plans 10,000 mini-grids for Nigeria’s rural farmers

NIGERIA – The Rural Electrification Agency (REA) is set to deploy about 10,000 mini-grid solutions to power rural farmers by the year 2030 as part of efforts to boost food production in the country. The scheme, Energizing Agriculture Programme is being supported by Rocky Mountain Institute and the Global Energy Alliance for People and Planet. In addition, it is expected…

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Afreximbank signs MoU with APPO to create energy bank in Africa

AFRICA – Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical financing for new and existing oil and gas…

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IFC partners with pharmaceutical producer, Rameda to green its operations in Egypt

EGYPT – The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Egyptian pharmaceutical producer, Rameda to support the company’s strategy to green its operations Through the partnership, IFC will help Rameda adopt solutions that reduce its carbon, and water footprints, and improve efficiencies in materials and resource usage. As a growth-focused enterprise that produces…

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EBRD provides US$41.71M loan to Morocco’s Ports Agency for climate resilience

MOROCCO – The European Bank for Reconstruction and Development (EBRD) has provided US$41.71 million loan to Moroccan Agence Nationale des Ports (ANP) for climate resilience of ports of the North African Kingdom. The loan is the first to a Moroccan state-owned entity without a sovereign guarantee. It will comprise two tranches: a US$15.64 million committed loan and US$26.07 million of…

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Wärtsilä introduces decarbonization services business model to support net-zero CO2 emissions

AFRICA – The technology group Wärtsilä, has launched its decarbonization services strategy aimed at identifying solutions needed to decarbonize power systems and reducing CO2 emissions for clients in the mining and industrial sectors. The service utilizes Wärtsilä’s sophisticated power system modeling and optimization tools alongside in-house expertise to reduce power system emissions. It also ensures power availability with the lowest…

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Egypt signs MoU with TotalEnergies, Enara Capital to boost Green Ammonia production

EGYPT – The government of Egypt has signed a memorandum of understanding (MoU) with Total Energies and Enara Capital to annually produce 300,000 tons of green ammonia from clean energy in the Sokhna region. The MoU was signed between the Egyptian General Authority for Suez Canal Economic Zone (SCZone), Egypt’s Sovereign Fund, the Egyptian Electricity Transmission (EETC), the New and…

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