South African Photovoltaic Industry Association (SAPVIA)’s Post

The potential of renewable electricity in Africa is undoubtedly vast and the total installed capacity is forecast to more than double between 2023- 2028. Renewable energy already accounts for 40.5% of the region’s electricity generation- higher than the global average of 34.1%. Some African countries are even leading the way globally in these figures. In Kenya 🇰🇪 geothermal energy accounts for 46% of generation, more than any other country in the world. #greenfinance  #greenenergy  #greentransition

Russia to commission 20 GW of renewable capacity by 2035 — Novak The total installed capacity of renewable energy sources in Russia amounts to 6 GW at present About 20 GW of renewable energy sources’ capacity is planned for commissioning in Russia by 2035, according to the presentation to the report by Deputy Prime Alexander Novak at the Russia Expo international forum. "We set the task for ourselves for the period by 2035 to achieve the level of 20,000 MW, increase the share in our energy balance, and make it cleaner," Novak said. The total installed capacity of renewable energy sources in Russia amounts to 6 GW at present, including 2.2 GW of the total capacity of seventy solar power plants and 2.5 GW of the total capacity of twenty-six wind farms. #business #finance #financialservices

Recent conversation with Energy & Power Magazine: #Bangladesh should now accelerate the deployment of renewable energy. While doing so, the country should take advantage of highly feasible rooftop solar systems. # Additionally, it should invest in the grid to make it more resilient as variable renewable energy will likely increase in the foreseeable future. #renewableenergy #energysecurity #Bangladesh Institute for Energy Economics and Financial Analysis (IEEFA) IEEFA Asia Pacific https://lnkd.in/gfdDadhR

With 80% of its energy still generated by coal, #SouthAfrica is at a crossroads. Will the country balance its urgent need for energy security with the shift towards a greener future? Renewable energy projects are starting to take shape, with 2.8 GW of new capacity expected from solar and wind soon. But the question remains: Can these efforts keep pace with demand? Dive into the latest insights on Africa’s power challenges and opportunities, including South Africa’s ongoing efforts to streamline energy project approvals and secure critical investments for decarbonization. Download the full report now! https://lnkd.in/dNk6HRxr #SACoal #AfricanPower #Energy #EnergySecurity

Cambodia has one of the highest solar energy potentials in the region. #Cambodia #solar #renewableenergy Read more on how Cambodia will leverage this renewable energy to chart the pathway towards energy security. https://bit.ly/3vqeAth

Moldova’s Energy Minister, Victor Parlicov, announced the approval of a new regulation aimed at facilitating the authorization of renewable energy capacities, particularly those operating on the free market without support schemes. The regulation, which targets power plants above 20 MW, is expected to enhance predictability for investors. Don't miss the most important daily news about emerging energy innovations, and new fast-growing markets. Subscribe to: 𝐈𝐁𝐂𝐄𝐍𝐓𝐑𝐄 𝐈𝐍𝐒𝐈𝐃𝐄𝐑: https://lnkd.in/geuhTh-M #RenewableEnergy #Moldova #EnergyPolicy #GreenInvestment #SustainableEnergy https://lnkd.in/gqkE_TuV

ENERGY NEWS // This ESI Africa article discusses the growth of battery storage in 2023. Battery storage deployment doubled in 2023, outpacing other energy technologies. The growth is due to strong support for electric vehicles (EVs) and incentives for battery storage. Batteries are seen as a key technology for reducing reliance on fossil fuels by enabling the use of renewable energy sources. However, the article acknowledges that there are risks associated with battery storage, such as the need to increase the supply of critical minerals used in battery production Read more: https://bit.ly/3y8VKbm #Rubicon #Energy #Solar #Sustainability #SustainableTechnology #SolarEnergy

More from this week's Cytonn Research Topical: The Renewable energy sector, which includes generation of renewable energy and electrification, electric vehicles, and energy-efficient buildings, has gained global traction and constituted more of the FDI projects in Kenya. As such, Kenya was one of the top 5 economies in Africa that accounted for 40.0% of projects in the region, ranked ahead of Nigeria and Zambia. Kenya remains advantaged against other African countries with over 80.0% of Kenya’s electricity generation coming from low-carbon sources of geothermal, hydro, wind, and solar power, with over half of it coming from the geothermal sector. 

Solar Power Plants Above 20 MW to Undergo New Approval Process in Moldova Moldova has established a new regulation for approving power plants over 20 MW, streamlining the authorization process for renewable energy projects on the free market without support schemes. The regulation aims to enhance efficiency and transparency, with project evaluations conducted by the Authorization Commission.... #Europe #greentransition #Moldova #renewableenergy #SolarEurope #SolarMoldova

Taking a pulse on the progress of Renewable Energy globally. The trend is positive with still a lot of work ahead. Most of the Investments are in the Global North. How does the Global South attract Investors with its obvious challenges? In Cameroon, there has been an increase mostly in Hydro and Solar ( 99.1% Hydro and 0.9% Solar PV). Per IEA since 2000 there has been a 10% increase in the modern Renewable consumption, ranking Cameroon #8 in the Region. #renewableenergy #cleanenergy #investinenergy #gogreen #greeninvestment