New research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix – posing potential risk to global climate change commitments.
The study, published in Nature Energy, uses a state-of-the art machine-learning technique to analyse the pipeline of more than 2,500 currently-planned power plants and their chances of being successfully commissioned. It shows the share of non-hydro renewables in African electricity generation is likely to remain below 10% in 2030, although this varies by region.
‘Africa’s electricity demand is set to increase significantly as the continent strives to industrialise and improve the wellbeing of its people, which offers an opportunity to power this economic development through renewables’ says Galina Alova, study lead author and researcher at the Oxford Smith School of Enterprise and the Environment.
‘There is a prominent narrative in
Greencells, a German-founded, globally active builder of utility-scale solar power plants with offices at Masdar in the United Arab Emirates announced raising EU 15 Million with its Green Bond, secured at 6.5% between 2020 to 2025. Greencells develops, builds, operates and finances utility-scale solar projects worldwide.
The proceeds from the green bond issue are intended to grow the company and power up to 130,000 households with green energy, mainly in Europe. Raising public money through bonds is gaining popularity now that bank rates hover at about nothing. Meaning if you leave money in the bank you will lose money over time from inflation.
Greencells has a model like RE Invest in Canada. To raise bonds from the public. In the olden days, when solar energy started picking up interest around 2005, venture capitalists jumped in and it was hard
As promoters of sustainable living and solar energy, we get this question all the time. Should I go solar? And if you look around solar panels are everywhere today. You can even find them at Costco along with a riding lawnmower and a she-cave.
Solar panels mean light or darkness to a family living in Africa or a family living off-grid in Texas or California. But since Covid-19, we’ve all started thinking a little bit about contingency plans. There is definitely new momentum for being self-reliant and sustainable and we all come to the question of solar panels for our own reasons –– even if we are not treehuggers. Some of us want to save the planet by using endless clean power from the sun, some want to save a lot of money on monthly power bills and earn attractive 30% federal tax rebates. Some just want reliable electricity for
Residential use of solar energy systems is catching on fast as more homeowners seek better energy sources to reduce the cost of energy bills if not do away with it altogether. In addition to its environmentally friendly benefits, solar energy is becoming a hit and a must-have for most people.
However, as with any new technology, some common misconceptions may cause you to be wary of investing in solar panels. Below is a list of the myths and misconceptions regarding solar energy use in your home.
1. Getting solar panels installed on your roof will damage your roof
This cannot be further from the truth because proper installation of solar panels could help protect and preserve the part of the roof they cover. The design of solar panels has come a long way over the last couple of years, and they are now much easier to install, which means that
The Israeli cabinet has approved the proposal to increase Israel’s 2030 renewable energy target from 17% to 30%. Currently, Israel is steering towards ten percent renewable energy of its total energy consumption, to be achieved by continuously increasing small roof installations and new installations through tenders.
A plan by Ministry of Energy, presented in July, foresees as an increase of the cumulative solar PV capacity of Israel from currently around 2 GW to 15.77 GW until 2030 − an increase by more than seven times the capacity of today. Solar PV is expected to account for the significant share of the renewable energy, and would replace the remaining coal in the electricity mix (see Figure 1). Israel’ energy minister Yuval Steinitz defined in a statement the new target of 30% renewables by 2030 as ‘a real revolution’. But is the new 2030 target really a revolution or just