Market News

Tanzania has been recently considered by Frost & Sullivan, a US based consulting firm involved with market research for growth strategies in different industries, within a list of seven countries in Sub Saharan Africa (SSA) with a big potential to scale up power demand in the country by the usage of . . .

France has revealed its plans to spend “billions of euros” on renewable energy and environmental projects in Africa over the next five years  hydelproject GiselaGiardino flickrFrance is keen to develop clean energy projects such as solar, wind and hydro in Africa. At the ongoi . . .

 The Africa Renewable Energy Initiative (AREI) is being supported significantly by several countries that have pledged around US$10bn for clean energy projects in Africa  cleanenergy ArtemyoLagalag flickrThe goal of AREI is to supply atleast 300GW of power by 2030 to the African continent . . .

Symbion Power Lake Kivu Ltd, a subsidiary of American firm Symbion Power LLC, on Tuesday signed a 25-year power purchase agreement (PPA) with the Rwanda Energy Group (REG) for a 50 Megawatt (MW) methane gas to power project.   The official signing involved Symbion Power CEO Paul Hinks, REG CE . . .

 Deville Shopping Centre in South Africa now boasts of 1,206 highly efficient solar panels on its rooftop.   The solar panels will supply just about 8% of the centre’s electricity requirements. The project was managed by Spire Sustainable Solutions on behalf of the Tower Property F . . .