Renewable Energy
Government to closely monitor gold-for-oil value chain – Energy Minister
At the 2023 energy sector retreat in Senchi in the Eastern Region of Ghana – where the Ministry of Energy and its agencies gathered to plan for the coming year – Dr Matthew Opoku Prempeh, Energy Minister, has assured that the ministry will closely monitor every step...
Russian oil exports increase with new customers outside
Russian refined fuels are finding new customers outside of Europe, just like Russian crude oil, according to reports. Asia and the Middle East are now the main new markets. In an effort to punish Moscow for its invasion of Ukraine on February 24 of last year, the...
Gold for Oil deal to reduce cost of importing oil products
The National Petroleum Authority (NPA) has assured the public that the Gold for Oil (G4O) initiative will ensure that the cost of importing products from international oil traders is comparatively cheaper, and will supply 50% of the country's oil needs by March 2023....
DR Congo: NGOs demand end to oil auction after trade-off leak
Following news of a secret deal between Oil Minister Didier Budimbu, Nigerian gambling tycoon Chukwuma Ayodeji Ojuroye, and US consultancy GeoSigmoid, a coalition of civil society groups has called for the immediate cancellation of a massive oil and gas auction in the...
Uganda: EACOP displaces 203 people
Contrary to social media claims by activists, the East African Crude Oil Pipeline Company (EACOP) Ltd has reported that the project will physically displace a total of 203 people, with compensation in progress. Activists had claimed that the pipeline had displaced...
Ghana records $696.8m total oil receipts in second-half 2022
According to the Ghana Petroleum Funds report, Ghana earned a little over $696 million from oil lifting, corporate tax, and other sources in the second half of 2022. Between July and December 2022, oil lifting generated $492.186 million. In all, five liftings with the...
Uganda: Historic day as Uganda commences oil drilling
President Yoweri Museveni of Uganda, on Tuesday January 24 2023, launched the spudding process for oil exploration and production in the Kingfisher area of Kikuube district, ensuring that the East African country joins the world's oil producing nations. Spudding is...
Oil prices rise on stronger China outlook
Oil prices jumped over $88 a barrel on Monday, extending last week's gains, on the strength of a better prognosis due to a predicted economic recovery in top oil importer China this year. Brent crude was up 42 cents, or 0.48%, to $88.05, while West Texas Intermediate...
Oil production Increases in second-largest shale field in the United States
Oil production in South Texas, home to the country's second largest shale field, is expected to rise by up to 4% this year as higher prices encourage more drilling and US crude exports set new highs. According to US government data, output in the Eagle Ford shale...
Oil prices fluctuate amid weak Chinese economic data
Oil prices were mixed on Tuesday after China reported its slowest annual economic growth in nearly half a century, with the country's late-2022 U-turn in COVID-19 policy underpinning hopes of a recovery in fuel demand this year. Brent crude futures rose 7 cents, or...
US solar installations fall by 16% in 2022
According to a market report by the Solar Energy Industries Association and the research firm Wood Mackenzie released on Thursday, new solar installations in the US decreased by 16% to 20.2 gigawatts (GW) in 2022 from the previous year. This primarily due to a ban on...
South Africa: Cities working toward energy independence beyond 2030
With South Africans spending up to 10 hours a day without electricity due to rolling blackouts by struggling state utility Eskom, major cities in the country are working toward energy independence from the national grid beyond 2030. Cape Town is particularly working...
2023 to see 30% growth in China solar power capacity
A solar manufacturing association on Thursday predicted that China will add 95 to 120 gigawatts (GW) of solar power in 2023, or as much as 30%, setting a new annual capacity record. According to official data, 87.41 GW of new solar energy was put into service in 2022...
Zimbabwe: ZESA buys household solar power
As net metering is accelerated, 117 households and businesses with solar power are selling their surplus to ZESA Holdings, allowing those generating renewable energy to sell when they have surplus and buy when they need power from Zimbabwe Electricity Transmission and...
Ivory Coast: Government to build 50MW solar farm
The Ivory Coast government has signed a concession agreement and a 25-year Power Purchase Agreement (PPA) with AMEA Power for a 50MW solar PV project. The facility, which will be located in the city of Bondoukou in the north-eastern region of Gontougo, 420km northeast...
Bui CEO tops power sector in 2022
In the span of just one year, Samuel Kofi Dzamesi, who took over the Bui Power Authority (BPA), as its Chief Executive in September, 2021 has been named the CEO of the country’s power sector at the 6th edition of the Ghana Energy Awards in Accra. BPA also won the...
Finnish company solar-powers Ethiopia’s new weather radar network
Finnish company specialising in weather, environmental, and industrial measurements have used solar energy to power Ethiopia's new weather radar network. "By utilising clean solar energy power, Ethiopia's new weather radar network will be able to operate with maximum...
Puma Energy to install solar for industrial, commercial customers
Puma Energy has announced that beginning 2023, it will offer commercial and industrial customers the option of installing solar on their properties. According to the company, the development comes after the huge success of Puma's fourteen solar projects at its retail...
Partners Pledge To Promote Solar In Emerging Markets
The International Solar Alliance (ISA) and the Global Energy Alliance for People and Planet (GEAPP) have agreed to a $10 million grant agreement to promote solar in developing countries. ISA will strengthen its programmes, build capacity in least developed countries...
Equinor Acquires Solar Developer Begreen
International energy company Equinor has agreed to acquire BeGreen, a leading North-West European solar project developer. The company, which is currently owned by the Bregentved Group and members of its executive board, will become a fully owned Equinor subsidiary...
