Industry News

The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding (MoU) with the Intergovernmental Panel on Climate Change (IPCC). The MoU provides a framework for IRENA and IPCC to enhance understanding of the…

A major highlight of the UN Climate Summit COP27 holding in Egypt is the country’s Suez Canal Economic Zone signing of $83billion worth of green energy deals and nine agreements at the UN climate summit Cop27. However, evidence shows…

Rwanda's President Paul Kagame has launched "Ireme Invest," a $104 million green investment facility that will support the private sector in developing the climate-friendly economy in his country. Speaking on the sidelines of the 27th…

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households. “The vice president will highlight how President Biden’s economic plan will help households…

Chevron Posts Its Second-Highest Quarterly Profits U.S. oil major, Chevron has joined the oil and gas industry’s robust earnings crowd for the quarter by easily beating analyst profit estimates. Chevron’s net profit for the quarter…

The International Energy Agency (IEA) has said that investment in renewables must more than triple to $1.3trillion annually by 2030 if the world is to reach net-zero emissions by 2050. In its World Energy Outlook 2022 released…

……….As Unions Take on Macron A 24-hour strike yesterday got France's troubled energy sector another setback as it reduced the country's nuclear and hydroelectric output.Electricity union called out its workers on strike on a day of…

Governments and industry have to work together to realise the full potential by identifying mini grid opportunities, driving costs down and overcoming financing barriers, the World Bank said in its latest report. Solar mini grids have…

Nigeria's national electricity grid woes show no signs of abating with the grid collapsing again on Monday, leaving many parts of the country without power. Nigeria’s national power grid has collapsed at least four times this year, with…

HDF Energy, French independent power producer, has said that its green hydrogen power plant in Namibia, Africa’s first, would start producing electricity by 2024. The company said yearly it can produce 142 gigawatt hours, enough for…

The South African subsidiary of the German company, juwi has won the contract of the operation and maintenance (O&M) of the De Aar 1 solar power plant. The 85 MWp plant is owned by Solar Capital.With a capacity of 85 MWp, De Aar 1 is…

African Development Bank (AfDB), through its Global Green Growth Institute (GGGI), has ranked Morocco, Tunisia, Kenya, Rwanda, Senegal, Gabon, and Mozambique as the continent’s top green-growth performers. The ranking is contained in a…

Unilever, one of world’s largest consumer goods companies, and Bboxx, a platform providing access to essential products and services, have partnered through Sunlight, a leading detergent brand, to accelerate the provision of clean energy…

Skies were darkening over the German economy on Friday as its flagship car and chemicals industries reported a bleak outlook and companies scaled back production to save energy.The gas-reliant pharmaceuticals sector sharply reduced its…

Nigeria has pledged to return to a petroleum exporting country before end of 2023. Group chief executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said the country would at the time also stop importing…

Schneider Electric, global specialist in energy management, software and automation unveiled a new range of cable management systems customized for new and modern buildings, during a grand Retail Partners event in Lagos. The engineering…

The Federal Government has commended the Nigerian National Petroleum Corporation (NNPC) for venturing into the development of renewable energy across the country. Minister of Science and Technology, Dr. Ogbonnaya Onu, gave this…

The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $61.85 a barrel on Thursday, compared with $62.68 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…

The world is experiencing a new energy mix with other sources of energy trying to replace fossil fuels. The demand for cleaner energy is growing by the day and African continent, particularly Nigeria as a country cannot afford to…

By Oge Obi         Besides the need for capacity building in relevant areas, government agencies commitment and willingness to strictly adhere to the principles of the nation’s Local Content policy implementation is an important…