3 Nigerian Companies Win Off-Grid Energy Challenge
Three Nigerian companies have emerged winners in the GE/USADF Off Grid Energy Challenge. The winners are Trans Africa Gas and Electric PLC, GVE Projects Limitedand Afe Babalola University. They will receive 100 thousand dollars (about N16m) each for their innovative solutions to Off-Grid Energy in respective communities. The winners were announced at a grand event held in Lagos.
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Kenya's energy revolution: full steam ahead for geothermal power
You can understand why the Masai gave Kenya's Hell's Gate national park its name, says Isaac Kirimi, drilling superintendent at the site's Olkaria geothermal plant. Here in the active east African rift, fractures in the ground seep sulphur, while rocks are too hot to touch. The Earth's crust is communicating with the magma chamber, Kirimi says.
The region is considered one of the most exciting geothermal prospects in the world. Where Kirimi and his team have drilled wells, water heated by molten lava roars like a jet engine as it bursts out of the ground.
Read more: Kenya's energy revolution: full steam ahead for geothermal power
Solar Power–The Future Energy Resource For Africa
The “second liberation” of Africa would be the use of solar energy to generate electricity to power our homes and industries. Leaders and people of Africa ought to pull themselves out from poverty by utilising the vast amount of solar energy that hits the continent’s surface each year. The sun should be the future energy powerhouse if the continent is to attain a better and meaningful development that will benefit the people as well as the environment. The beauty of it all could be the electrification of our towns and villages with energy from the Sun and the replacement of tro-tro buses with solar driven electric trains.
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Africa’s Renewable Energy Projects Attract More Fund Managers
Fund managers are set to invest in renewable energy projects in the rest of sub-Saharan Africa as returns could outstrip private equity investments in the region, Standard Bank, Africa’s biggest lender by assets, said this week.
“Standard Bank believes Africa will follow the international trend to boost renewable energy’s contribution to national grids as sub-Saharan African nations step up efforts to alleviate their chronic power shortages,” Ntlai Mosiah, the head of power infrastructure at Standard Bank’s Corporate Banking said.
Read more: Africa’s Renewable Energy Projects Attract More Fund Managers
