Tag Archives: clean energy

Cleantech Investment by AfDB

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The African Development Bank, through its public and private sector departments, is currently implementing several clean energy projects and programs to address these priorities particularly in the energy and forestry sectors. The Bank’s energy portfolio currently stands at about USD2 billion. The AfDB provides two lending windows. The first is a public window, with mostly concessional funds available to governments. The second is a private window, which offers debt and equity on commercial terms.  The World Bank Group and the African Development Bank are in the process of applying to the Clean Technology Fund (CTF) Trust Fund Committee for use … Continue reading →

Energy and the Climate: Perspectives for Middle East

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Since energy is an absolute necessity for life on Earth, we have utilized many sources of energy to maintain and improve the lives of people around the globe. The ultimate source of energy is the Sun of course, since all living things on Earth such as plants, trees, animals and humans need the Sun’s energy. In addition to the Sun, we have utilized other sources of energy such as oil, coal and nuclear fission.  However, energy has many different forms and we use different forms of energy for different applications. For example, nuclear energy is mostly used to generate electricity, … Continue reading →

Renewable Energy in Palestine

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High population growth, increasing living standards and rapid industrial growth has led to tremendous energy demand in the Palestinian Territories in recent years. The energy situation in Palestine is highly different compared to other countries in the Middle East due to non-availability of natural resource, financial crunch and unstable political condition. Palestine is heavily dependent on Israel for meeting its energy requirements. Almost all petroleum products are imported through Israeli companies.  Israel controls energy imports into Palestine and thus prevents open trade in electricity and petroleum products between Palestine and other countries. Current Scenario Energy is increasingly becoming unaffordable for … Continue reading →

African Development Bank and Renewable Energy

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Africa has huge renewable energy potential with some of the world’s largest concentration of alternative energy resources in the form of solar, wind, hydro, and energy. Overall, 17 countries in sub-Saharan Africa are in the top-33 countries worldwide with combined reserves of solar, wind, hydro, and geothermal energy far exceeding annual consumption. Most of the sub-Saharan countries receive solar radiation in the range of 6-8 kWh/m2/day, which counts among the highest amounts of solar radiation in the world. Until now, only a small fraction of Africa’s vast renewable energy potential has been tapped.  The renewable energy resources have the potential … Continue reading →

Energy Perspectives for Jordan

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The Hashemite Kingdom of Jordan is an emerging and stable economy in the Middle East. Jordan has almost no indigenous energy resources as domestic natural gas covers merely 3% of the Kingdom’s energy needs. The country is dependent on oil imports from neighbouring countries to meet its energy requirements. Energy import costs create a financial burden on the national economy and Jordan had to spend almost 20% of its GDP on the purchase of energy in 2008. In Jordan, electricity is mainly generated by burning imported natural gas and oil. The price of electricity for Jordanians is dependent on price … Continue reading →

Renewable Energy in Bahrain – Perspectives

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Bahrain is making significant move towards being viable and sustainable in the renewable energy sector, according to the Sustainable Energy Unit Annual Report 2018 published on September 2nd, 2019. The nation is moving forward one eco-friendly step at a time. A significant step forward is the establishment of the net-metering system which is a part of the National Renewable Energy Action Plan. This action plan embraces renewable energy as a viable and essential component for generating energy in Bahrain to ensure a sustainable future in energy production. Net-metering System The net-metering system enables private individual households, companies and industry to install … Continue reading →

Morocco-Nigeria Gas Pipeline: Economy Development or Environmental Disaster

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An ambitious project concerning energy industry in Africa between Morocco and Nigeria was set to be constructed to enhance the acceleration of electrification projects across the West African region. The objective of Morocco-Nigeria pipeline project is aimed at creation of a competitive regional market of electricity, and to connect gas resources from Nigeria to West African countries including Morocco. The pipeline project will be approximately 5,660-km long and its construction works will be in phases covering 25 years. After feasibility studies in 2017, the two countries opted for a combined onshore-offshore route to build the pipeline. The two countries are … Continue reading →

Countries Driving Solar Surge in MENA

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The countries of the Middle East and North Africa (MENA) are known for their abundance of fossil fuels, yet they also have another energy resource at their fingertips – solar power. Some countries such as Saudi Arabia, which have great solar resources, are transitioning to utility scale solar energy production.  This allows them to export more of their fossil fuel instead of using it to produce power domestically. However, the decision to switch to solar power isn’t just to preserve oil resources for export. The countries in the MENA region are also experiencing increased demand for electricity due to rising … Continue reading →

Renewable Energy in GCC: Need for a Holistic Approach

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The importance of renewable energy sources in the energy portfolio of any country is well known, especially in the context of energy security and impacts on climate change. The growing quest for renewable energy and energy efficiency in the Gulf Cooperation Council (GCC) countries has been seen by many as both – a compulsion to complement the rising energy demand, and as an economic strength that helps them in carrying forward the clean energy initiatives from technology development to large scale deployment of projects from Abu Dhabi to Riyadh. Current Scenario The promotion of renewable energy (RE) is becoming an … Continue reading →

Renewable Energy Prospects in Africa

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With a sixth of the world’s population, Africa generates a measly four percent of the world’s electricity, three-quarters of which is used by South Africa and northern Africa. According to World Bank statistics, more than 500 million Africans (almost two-thirds of the total population) have no access to “modern energy.” Hydropower accounts for around 45% of electricity generation in sub-Saharan Africa (SSA) while biomass (mostly firewood) constitutes about 56 percent of all energy use in sub-Saharan Africa. Large-scale use of forest biomass is accelerating deforestation, and the World Bank estimates that 45,000 square kilometers of forest were lost between 1990 … Continue reading →

Alternative Energy Prospects in Morocco

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Morocco, being the largest energy importer in North Africa, is making concerted efforts to reduce its reliance on imported fossil fuels. The country currently imports 95% of its energy needs which creates strong dependence on foreign energy imports. Renewable energy is an attractive proposition as Morocco has almost complete dependence on imported energy carriers. Morocco is already spending over US$3 billion a year on fuel and electricity imports and is experiencing power demand growth of 6.5 per cent a year. Morocco is investing heavily in the power sector by building new power plants such as expansion of coal power plant in JorfLasfer and establishment … Continue reading →

CDM Enhancing Africa’s Profile Among Investors

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The Clean Development Mechanism (CDM) is an extremely simple concept. Companies in developed economies can continue with their polluting ways so long as they pay for reductions in greenhouse gas emissions elsewhere in the world. Substitute Egypt, Libya, Sudan, Zimbabwe and a string of other African countries for ‘elsewhere’. CDM may not figure highly on the financial radar screens of many entrepreneurs and business people across the globe. They’re probably much more exercised over the merits or otherwise of business banking services, But maybe they should be looking at CDM, not least because entrepreneurial activity and green make interesting bedfellows these days. … Continue reading →