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Moshesh achieves first close on renewable energy, clean infrastructure fund

By: Schalk Burger 9th April 2021 Asset management company Moshesh Partners has reached a first close for its first renewable energy and clean infrastructure fund, and is targeting R2-billion in assets under management in the next 18 months, said Moshesh Partners co-founding member and CEO Sifiso Shongwe on April 9. This goal was... →

Bank of America triples environmental funding goal to $1tr by 2030

By: Schalk Burger 9th April 2021 Financial institution Bank of America on April 8 announced its goal of deploying and mobilising $1-trillion by 2030 in its Environmental Business Initiative to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5-trillion sustainable finance... →

Global leaders commit to help Africa adapt to climate change impacts

By: Schalk Burger 7th April 2021 African heads of State and other global leaders have made a commitment to prioritise actions that help African countries adapt to the impacts of climate change through the Africa Adaptation Acceleration Programme. The objective of the programme is to mobilise $25-billion to accelerate climate... →

Davis launches $300m special-purpose entity, invests in Kazakh vanadium project

By: Mariaan Webb 2nd April 2021 Energy and mining heavyweight Sir Mick Davis on Monday announced the launch of a $300-million special purpose acquisition company (SPAC) as part of his drive to invest in materials and commodities that will enable a shift to a low-carbon economy. Davis’ Vision Blue Resources (VBR) has partnered... →

African renewable sector SMEs receive $75m leg-up

By: Marleny Arnoldi 2nd April 2021 The Eastern and Southern African Trade and Development Bank (TDB) on March 15 launched an off-grid facility for small and medium-sized enterprises (SMEs). The $75-million facility is aimed at facilitating access to debt financing for SMEs, primarily targeting renewable energy businesses in the... →

Rolling renewables auctions follow in wake of ‘emergency’ procurement

By: Terence Creamer 2nd April 2021 Mineral Resources and Energy Minister Gwede Mantashe released the names of the eight preferred bidders – including three powership projects – selected as part of government’s 2 000-MW ‘emergency’ procurement programme and also launched the much-anticipated fifth bid window (BW5) for the... →

Mantashe to co-chair global panel this week on people-centred energy transitions

By: Terence Creamer 29th March 2021 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, will co-chair a high-level Ministerial panel this week on ‘Ensuring People-Centred Transitions’ as part of a global ‘Net Zero Summit’ being hosted jointly by International Energy Agency (IEA) executive director Fatih Birol and... →

BioTherm’s Excelsior wind farm works for bird conservation

By: Marleny Arnoldi 29th March 2021 Working in collaboration with conservation organisations, BioTherm Energy’s Excelsior wind energy facility, in the Western Cape, is pioneering the wind industry’s approach to conserving avifauna. The programmes that are being implemented go beyond looking at the potential impact of the wind... →

Against the odds, solar-plus-storage project emerges with lowest RMIPPPP bid

By: Terence Creamer 23rd March 2021 The fact that a hybrid generation project – combining solar photovoltaic (PV), a battery energy storage system (BESS) and a small portion of gas – emerged with the lowest evaluation price in the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) has been described as... →

Three European companies join renewable organisation RES4Africa

By: Schalk Burger 19th March 2021 Three Europe-based companies have joined renewable energy industry organisation Renewable Energy Solutions for Africa Foundation (RES4Africa). The companies are renewable energy company EDP Renewables; energy management and automation company Schneider Electric; and wind energy company Vestas →

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