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$425 Million was invested into the global off-grid solar sector in 2023 which represents a 43% drop in investment since 2022, according GOGLA. By contrast, investment into the productive use of renewable energy doubled in comparison to the previous year. This is worrying news for rural electrification professionals in Africa and around the world.
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- Power
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As part of a microgrid system, a Battery Energy Storage System (BESS) captures energy from different sources, accumulates this energy, and stores it in rechargeable batteries for later use. The stored energy from a BESS can be discharged to supply power to office, industrial, and commercial facilities, electric vehicles, or the grid.
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- pv magazine
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An African Development Bank (AfDB) report covering critical takeaways from the ARE Energy Access Investment Forum 2023 says that challenges in financing, policy, technology, and skills enhancement must be overcome to support the deployment of distributed renewable energy minigrids across Africa.
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- Benjamindada
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A few years ago, Zang Luka Bot saw an opportunity to transform electronic waste, diverting it from landfills and giving it a new life as power banks and solar lanterns. He became a self-taught scholar, devouring textbooks, and online videos, and conducting his experiments, like the time he boiled kerosene to witness the reaction (not recommended!).
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- cryptonews
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Seeking the cheapest sources of power, miners often face challenges due to fluctuating cryptocurrency prices. The recent surge in Bitcoin’s value has renewed interest in mining operations, making it more profitable to continue supporting the network. Gridless aims to bridge the gap between power generation and capacity in Africa.
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- The World Bank
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There is no one size fits all on climate policy: each country and context will play a significant role in making sure that priority needs are met, the right resources acquired, and implications well understood. But three “building block” principles can underpin these efforts and strengthen the complementary climate policy/climate finanance nexus:
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- Nature
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Albania, Bhutan, Nepal, Paraguay, Iceland, Ethiopia and the Democratic Republic of Congo produced more than 99.7 per cent of the electricity they consumed using geothermal, hydro, solar or wind power. Due to technological trajectories set in motion by past policy, a global irreversible solar tipping point may have passed.
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- Forbes
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In many countries, women can’t own the assets they need as collateral for a loan, with just 14 countries giving women the same economic rights as men, according to the foundation. Lack of access to capital is a particular obstacle in countries facing very high inflation, such as Nigeria, where inflation is 18.8%, the report notes.
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- Afrik21
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Sustainable sourcing, eco-design, industrial and territorial ecology, the functionality economy, responsible consumption, extended useful life and waste recycling. These seven points sum up the circular economy, a practice that aims to extend the life cycle of products in order to reduce the consumption of raw materials and the production of waste.
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- Technext
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As Africa continues to battle the effects of global warming while taking climate action to check the release of greenhouse emissions, the Co-founder and Executive Director of Climate Action Africa (CAAF), Grace Oluchi Mbah has called on the Federal Government to provide more low-interest loans for solar companies.
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