Swedish Manufacturer Plans Mega Solar Projects in Egypt
Swedish home appliance manufacturer, Electrolux AB, has announced plans to deploy a total of 4.5mw of solar panels at the company’s factory in Egypt. The mega solar power will be used for powering the process of washing machines, refrigerators and stoves, the company said.
The company will be executed in collaboration with SolarizEgypt, a Cairo-based solar company. The projected capacity will be installed in two phases, with the first phase including the installation of 1.5 MW.
The Delta factory, which makes refrigerators and washing machines, will have a 1 MW solar system installed.
The plant comes with an expected generation capacity of 1,680 MWh of clean power per year and offsets 1,136 metric tonnes of carbon dioxide emissions.
In the second phase, 3 MW of solar capacity will be deployed to support Electrolux’s goal of achieving net zero emissions at its factories and sites by 2030.
D.light Receives $50m from a Consortium for Project Expansion in Africa
D.light, a clean energy solutions provider, has received $50million new funding for its expansion in Africa. The credit line comes from a consortium of lenders, including Mirova SunFunder, the Trade and Development Bank (TDB), a trade and development financial institution operating in East and Southern Africa, and the Netherlands Development Finance Company (FMO).
Afrik Africa said in June 2022, the company secured $238 million in par value receivables financing over a two-year commitment period as part of Brighter Life Kenya 2 Limited (BLK2), a local currency solar home systems financing facility to benefit Kenya and other East African countries.
Ghana Saves $13.2bn on Renegotiated IPP Deals
Ghana said it has saved $13.2billion from negotiated power deals with six Independent Power Producers (IPP). The IPPs included Karpower, Cenpower, Early Power, Twin City Energy (formerly Amandi), AKSA Energy and Cenit.
The finance minister, Ken Ofori-Atta, said at a midyear budget presentation to parliament, “the renegotiated agreements are expected to have savings estimated at $13.2 billion over the life of the PPAs through a combination of reduced capacity and energy charges.
He maintained that the renegotiated deal provides balanced, sustainable energy partnerships that have led to affordable power for industrial, commercial and residential use.
Dangote Says His Refinery Will Make Nigeria Hub of Africa’s Petrochemical
Group President of Dangote Group, Aliko Dangote has said that his company is committed to completing its $2billion petrochemical plant in Lagos, which will position Nigeria as one of Africa’s largest petrochemicals hubs.
Speaking at this at the 2022 Zenith Bank International Trade Seminar on Non-oil Export recently in Lagos, Dangote said the refinery and petrochemical projects would ensure petroleum products sufficiency and security for Nigeria.
The 900,000 metric tons per annum capacity plant, which is being built alongside the 650,000 barrels per day Dangote Petroleum Refinery will produce polypropylene strategically positioned to cater to the demands of the growing plastic processing downstream industries not only in Africa but also in other parts of the world.
Dangote said the company accentuated the need for the government to unlock the potential of petrochemical export by completing the OB3 pipeline to make gas available to manufacturers.
Be the first to know when we publish an update
