Polarium, a Swedish energy storage systems manufacturer, raised 500 million Swedish kronor (about $49 million) through…
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Metering Crisis: 7.3 Million Unmetered Customers in Nigeria
Metering electricity customers in Nigeria remains a significant challenge, with the number of unmetered customers increasing…
Nigeria’s Electricity Market Faces ₦151.30 Billion Deficit in 2023
The Nigerian Electricity Regulatory Commission (NERC) has reported a total deficit of ₦151.30 billion in Nigeria’s…
ACF: Leading Africa into a Sustainable Tomorrow
In the heart of Africa, the African Climate Foundation (ACF) is making waves. Established in 2020,…
Alight Secures €110m to Develop Solar Parks in Sweden
Swedish solar independent power producer Alight has completed financial arrangements for a significant solar park project.…
Balancing Green Transition and Economic Stability in the Global Power Sector
In May 2024, American Economist Michael Spence wrote in Project Syndicate about how the power sector…
IFC Grants €100M for Renewable Water Pipeline in Morocco
The International Finance Corporation (IFC) has granted a €100 million (USD 108 million) loan to OCP…
NERC Reports 7.31% Surge in Meter Installations in Q1 2024
The Nigerian Electricity Regulatory Commission (NERC) has announced a significant increase in meter installations and revenue…
Cyprus Greenlights €1.9 Billion Undersea Cable to Connect with Greece
Cyprus has approved the construction of a €1.9 billion ($2.1 billion) undersea electricity cable to connect…
Arava Power Debuts 270 MW Sunray Solar Plant in Texas
Arava Power has officially launched its SUNRAY solar power plant, marking its entry into the US…