Fintech Association Of Kenya’s Post

AMEA Power Finalizes Agreements for 300MW Wind Energy Project in Ethiopia Reading Time: 2 minutesAMEA Power, a rapidly expanding renewable energy company, has announced the signing of a Power Purchase Agreement (PPA) and Implementation Agreement (IA) with Ethiopian Electric Power for the development of a 300MW wind energy project in Ethiopia. This landmark agreement underscores AMEA Power’s commitment to advancing renewable energy and sustainability across Africa. The signing ceremony, held on Saturday, August 17, 2024, was attended by key dignitaries, including H.E. Ato Ahmed Shide, Minister of Finance of Ethiopia; H.E. Sheikh Shakhboot Bin Nahyan Al Nahyan, Minister of State for Foreign Affairs of the UAE; H.E. Mohamed Salem Al-Rashedi, UAE […] - https://lnkd.in/dGayANPt #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #africa #ameapower #ethiopia #greenenergy #renewableenergy #windenergy

Morocco's great potential for wind energy production.... European report ◼ A recent European report noted that Morocco could become a hub for wind energy production in North Africa. The report added that if Morocco uses offshore wind farms, the country can play a future role in renewable energy in the world. ◼ The recent European report showed the Kingdom's great potential for wind power production, which could exceed 10 GW, but Morocco was not seeking to stop at an ambitious 10 GW limit; Owing to its possession of an enormous offshore, the construction of wind farms can bring production ratios to record levels. ◼ Offshore wind farms are more environmentally friendly than other forms of renewable energy, as they can produce higher levels of energy due to larger wind turbines and stronger wind features in the ocean. ◼ There are, of course, obstacles to the establishment of Morocco's wind farms. The turbines of these farms cost considerable money, along with the potential ecological impact in parallel with the work of these turbines, especially the economic areas of the maritime coast such as fishing. ◼ The Ministry of Energy Transition and Sustainable Development had disclosed that the electrical capacity created through Morocco's wind energy sources amounted to 1430 megawatts, as well as that the share of wind power in the total capacity achieved was 13.48. ◼ Morocco has 28 wind power projects, the largest in terms of production, the Aftisat 1 wind field with a red eye-gum side of up to 200 megawatts. #energyticslimited #renerableenergy #energyefficiency #energyinnovation #windenergy #morocco

As Africa continues to embrace renewable energy, wind projects are picking up the pace. Africa has enough wind resources to power its entire electricity demand 250 times (IFC, 2020). The continent’s project pipeline is expected to grow in capacity by 86GW with multiple planned wind projects (GWEC, 2023), and countries such as South Africa, Morocco, Egypt, Kenya, and Senegal account for 85% of the continent’s wind capacity (AOW, 2024) 🌍 With 6GW in development, construction or operation in our pipeline, and projects in 20 countries, AMEA Power is one of the fastest-growing renewable energy companies in the region. Join us as we build a future powered by renewable energy. IFC - International Finance Corporation Global Wind Energy Council (GWEC) AOW: Investing in African Energy #AMEAPower #RenewableEnergy #WindEnergy #Africa

Ethiopia's recent agreement with AMEA Power to develop the 300 MW Aysha-1 wind farm marks a significant milestone in the Horn of Africa's renewable energy landscape. With an investment of $620 million, this project will become the largest wind energy project in the region, underscoring Ethiopia's commitment to green energy and diversification of its energy sources. The 25-year power purchase agreement between AMEA Power and Ethiopian Electric Power - የኢትዮጵያ ኤሌክትሪክ ኃይል demonstrates a strong partnership aimed at sustainable development and energy transition. Finance Minister Ahmed Shide emphasized the project's alignment with international best practices and its importance as a cornerstone of Ethiopia’s national energy policy. AMEA Power's involvement, with a clean energy portfolio exceeding 6,000 MW across 20 countries, highlights the growing momentum behind renewable energy initiatives in Africa. As the Aysha-1 project moves forward, it will not only contribute to Ethiopia’s energy goals but also set a precedent for future collaborations in the region, advancing both environmental sustainability and economic growth. This project is a testament to the potential of renewable energy to drive positive change, and it will play a key role in energizing Ethiopia's future through sustainable development. #sustainabledevelopment #economicgrowth #renewableenergy #environmentalsustainability #positivechange #greenenergy

ACWA Power Expands Investment in Kazakhstan’s Renewable Energy and Green Projects. Saudi-based ACWA Power has reaffirmed its commitment to expanding investment activities in Kazakhstan. In a recent meeting, Deputy Chairman of ACWA Power, Raad Al-Saady, and Gabidulla Ospankulov, Chairman of the Investment Committee of Kazakhstan's Ministry of Foreign Affairs, discussed a $1.8 billion joint project to construct a #1GW wind power plant in the #Zhetysu_region, set to begin in #2026. ACWA Power also aims to explore new ventures in green hydrogen, combined-cycle power generation, and water desalination. The company has made multiple visits since January 2024 to assess further opportunities. Kazakhstan's Investment Committee and KAZAKH INVEST have pledged full support to ACWA Power throughout the project development. ACWA Power, a global leader in renewable energy and water desalination, operates across 13 countries with a total project capacity of over 65.6 GW and investments totaling $94 billion. Read more: https://lnkd.in/ekF3nJ3q #ACWAPower #KazakhstanInvestments #RenewableEnergy #GreenHydrogen #WindPower #SustainableEnergy #WaterDesalination #CleanEnergyExpansion #KIOGE #KIOGE24

🌬️🇿🇼 Zimbabwe to Construct 200MW Wind Farm! 🌍💨 Optate Africa, a Zimbabwean company, is set to embark on a significant venture – the construction of a 200MW wind power plant near Plumtree in the south-west of the nation. 🌐 They have secured a 25-year lease from Mangwe Rural District Council for 100ha of land to establish this cutting-edge wind farm. This initiative aligns with Zimbabwe's increasing focus on renewable energy. In 2022, the government revived plans to integrate wind power into the national energy mix, addressing power deficits and preparing for anticipated growth in demand. The project supports the government's ambition, outlined in the Zimbabwe National Renewable Energy Policy, to generate 1.1GW of renewable energy by 2025, constituting 16.5% of the overall capacity.🌱 Part of the power generated by the wind farm will be supplied to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) under a 25-year Power Purchase Agreement. Additionally, the project aims to contribute to the Southern African Power Pool (SAPP).✨ This initiative not only marks a significant step toward achieving Zimbabwe's renewable energy goals but also underscores the power of public-private partnerships in advancing sustainable development. Stay tuned for updates on this transformative journey! 🌬️🔗 #RenewableEnergy #WindPower #ZimbabweEnergy #SustainableDevelopment #OptateAfricaGEPartnership

In a groundbreaking achievement, South Africa's largest wheeling project has been commissioned in Lichtenburg, North West Province. Under an innovative agreement, SOLA Group will supply over 200 MW of renewable energy to Tronox Mineral Sands via the Eskom transmission network. Wheeling, the process of transferring electrical power through a utility’s transmission or distribution system, is being showcased here with power from two newly completed solar plants by SOLA. These plants, generating 126 MW and 130 MW respectively, feature over 390,000 bifacial solar modules on single-axis trackers, spanning 430 hectares and producing 593,721 MWh annually—enough to power 80,000 households! This landmark project is notable for its location outside Northern Cape Province, traditionally seen as the prime spot for solar projects in South Africa. Beyond the technological triumph, it has significantly impacted the local community, providing jobs for over 700 community members during construction. Mpho Motho, Tronox Managing Director for South Africa and KSA, hailed the project as a breakthrough for the private energy market and a boost for local livelihoods. Ian Burger, MD Technical at SOLA, highlighted that these are the only operational utility-scale renewable wheeling plants in South Africa to date, with an impressive 268 MW delivered and another 325 MW under construction. South Africa commissions largest wheeling project to date: https://lnkd.in/duQNrRyC #RenewableEnergy #SolarPower #Sustainability #TheGreenRecruitmentCompany #SouthAfrica #GreenEnergy #Innovation #EnergyRevolution

Egypt aims to save $4.1 billion annually by adding 30 GW of renewable energy capacity, a key part of its strategy to boost sustainable electricity and reduce reliance on traditional energy sources. At a recent government meeting led by Prime Minister Mostafa Madbouly, officials discussed progress on renewable projects and future goals, including increasing renewable electricity to 42% by 2035 and 58% by 2040.    Ibrahim Kshanh Mohammed Mostafa El-Khayat Ibrahim Shehata Asim Saleh Shahyan Merchant Javed Kareem Adel Ikechukwu Promise Obialor Petlong Dakhling Petlong Dakhling Follow The African Energy Council for more energy news #Sustainability #aecouncil #ClimateAction #Egypt #RenewableEnergy #energyefficiency #ClimateAction #ClimateStrategy #EgyptEnergy #GreenEnergy

Morocco: A Wind Power Pioneer in the Region Morocco has positioned itself as a regional leader in renewable energy, particularly wind power. The country has made significant strides in harnessing the power of the wind, with numerous wind farms either operational or under development. The city of Tarfaya boasts Africa's largest onshore wind farm, generating over 301 megawatts of electricity. This project, spanning 8,900 hectares, has created hundreds of jobs and has been recognized by the United Nations for its clean development mechanism. Other notable wind farms include those in Akhfenir, Foum El Oued, and Mellousa. These projects have not only contributed to Morocco's energy mix but have also stimulated economic growth in the regions where they are located. By investing heavily in wind energy, Morocco is not only reducing its reliance on fossil fuels but is also positioning itself as a global leader in the renewable energy sector. The country's success in developing its wind energy capacity has been driven by a combination of favorable wind conditions, government support, and private sector investment. #wind_energy

Egypt Inaugurates New Wind Farm in the Gulf of Suez. Egypt inaugurated a new wind farm in the Gulf of Suez, 20 kilometers off the Red Sea coast. The project is a collaborative effort funded by the Federal Ministry for Economic Cooperation and Development (BMZ), the European Union (EU), the European Investment Bank (EIB), and the French Development Agency (AFD), with the German Development Bank (KfW) as the lead financing agency. The inauguration was attended by President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mohamed Shaker, and ambassadors from Germany, the EU, and France. The wind farm, equipped with 70 turbines each with a capacity of 3.6 megawatts, can generate up to 262 megawatts of clean energy. It aims to support Egypt’s electricity needs, reduce carbon dioxide emissions, and contribute to sustainable economic development. The project received €215 million in total financing, including technical assistance, with contributions from Germany, the EU, the EIB, and the AFD. The wind farm is expected to produce around 1,200 gigawatt-hours of electricity annually, enough to power about 400,000 households and offset over 500,000 tonnes of carbon dioxide emissions each year. It also features a shutdown-on-demand protocol to protect migratory birds. Ambassador Frank Hartmann emphasized the cooperation between Egypt and Germany in the energy sector, noting this wind farm as a significant step towards Egypt’s goal of achieving 42% renewable energy by 2030. Germany’s support for Egypt’s renewable energy efforts includes previous projects like the Zafarana and Gabal El Zayt wind farms and the Zafarana Solar Photovoltaic Power Station. Germany has allocated nearly €500 million to support Egypt's renewable energy initiatives. #Egypt #Renewableenergy #CleanEnergy #SustainableDevelopmentEgypt  #Sustainability