UHNW Blog

 
  • Africa as destination of major renewable energy investment | GulfNews.com

    prepaidafrica: The African continent could soon become the destination of major renewable energy investment, a senior industry official said in the capital on Tuesday. “There are constraints in availability of resources, and energy needed to fuel development. So many African nations are now facing a major choice between using the conventional energy polluting model or the resource potential in renewable energy to support their growth and enable economic prosperity,” he added. Irena statistics show that currently, Southern Africa generates more than 80 per cent of its electricity from coal and will require new sources as demand growth by over 4 per cent per year. East Africa generates 60 per cent of its electricity from gas and faces nearly 6 per cent yearly demand growth. The prospects of developing an East and South Africa Clean Energy Corridor therefore garnered great support from member states’ experts, utility managers, regulators, private sector actors, government officials and financing institutions. According to the Irena’s Global Atlas, there is however huge geothermal potential in Ethiopia, Kenya and Tanzania, and using this alone could power Africa, Ameen said. There are also solar, wind and hydro resources, as well as a big possibility to use biomass. “We expect that this initiative will go to the assembly at the ministerial levels, where ministers from the African countries will endorse action agenda for the transformation of Eastern Southern Africa to a clean energy corridor. “The challenge lies in how to ensure investment links with demand centres in Africa. But the prospect has sparked so much enthusiasm that other regions in Africa are considering the establishment of similar clean energy corridors,” Africa as destination of major renewable energy investment | GulfNews.com

     
  •  
  •  
  •  
  •  
  •  
  • thelovenotebook: INSPIRATION, LOVE & PERSONAL

     
  •  
  • prepologist: 4th of July

     
  •  
  •  
  •  
  • thelovenotebook: INSPIRATION, LOVE & PERSONAL

     
  •  
  • condenasttraveler: Patriotic Places that Will Make You Proud to Be an American Happy 4th of July!

     
  •  
 
 
 
 
Translate »