ENERGY
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Biogas tech firm Sistema.bio acquires Inclusive Energy
Sistema.bio, a biodigester technology firm has acquired Inclusive Energy (IE). As a pioneer in remote sensors for biogas and solar energy systems, IE is at the forefront of digital Monitoring, Reporting and Verification (dMRV). This strategic acquisition will significantly enhance Sistema.bio’s capacity to deliver high-impact biogas solutions with improved digital MRV capabilities, benefiting small holder farmers worldwide with better service and long-term…
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Kenya Power Announces Kshs.30 Billion in Net Profit For The Financial Year 2023/24
Kenya Power recorded a KShs.30 billion net profit for the year ended 30th June 2024. The improved profitability was mainly supported by growth in revenue from electricity sales as well as decreased finance costs due to the strengthening of the Kenya Shilling against major global currencies. During the year, electricity sales increased by 21% to KShs.231.12 billion from KShs.190.98 billion…
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KenGen reveals an ambitious 10-year plan to fast-track green energy expansion
Kenya Electricity Generating Company PLC (KenGen) has unveiled its bold G2G Strategy 2024–2034, a visionary roadmap aimed at spearheading Kenya’s transition to a sustainable and green energy future. The strategic plan cements KenGen’s position as a trailblazer in renewable energy, with a clear focus on expanding geothermal, wind, and solar investments, advancing operational efficiency, and integrating cutting-edge technology for the good…
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NCBA Leasing LLP Offers Lease-to-Own for Solar PV and Executive Vehicles
NCBA has introduced two leasing solutions to the market: Solar PV and Executive leasing solutions. The bank, through its subsidiary, NCBA Leasing LPP, aims to lead by providing businesses with flexible financing solutions to transition to renewable energy, reduce their carbon footprint, and lower energy costs. Compared to similar solutions in the market, NCBA Leasing will offer customers longer leasing…
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Kenya Seals KSh95.68 Billion Power Project Deal with Adani
Kenya Electricity Transmission Company Limited (KETRACO) has signed a new deal with Adani Energy Solutions for the development of transmission lines and sub-stations. According to a statement from Opiyo Wandayi, the Cabinet Secretary for Energy and Petroleum, ”the agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya.…
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AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network
Adani Energy Solutions (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio has completed SPV acquisition of Khavda Phase-IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. The award of this project further strengthens AESL’s position as a leader in India’s energy transition and…
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How Perenco is Enabling Gas-Powered Industrial Growth across Africa
Reaffirming its unwavering dedication to Africa’s energy sector, independent hydrocarbon producer Perenco recently launched its first-ever gas-to-industry supply project in Cameroon. Last July, the company put into service the Bigapa Gas Processing Center, marking an important milestone while strengthening its historic partnership with Cameroon’s National Hydrocarbons Corporation (SNH). The processing center is set to source gas from the Sanaga South…
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UK foodtech startup Clean Food Group secures £2.5m funding to accelerate commercialization of its sustainable oils and fats technology
UK-based foodtech startup Clean Food Group, has announced a further £2.5 million in funding from Clean Growth Fund, a climate-specific UK venture capital fund, providing UK cleantech entrepreneurs with the expertise and capital they need to reduce carbon emissions and tackle the climate crisis. The funding will be used to accelerate the commercialization of Clean Food Group’s sustainable oils and…
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Hamburg-based Novocarbo raises €25m funding to catalyze Europe’s net zero infrastructure
Hamburg-based startup Novocarbo, has secured €25 million in growth funding to establish a pan-European infrastructure network of its net-zero solution. The investment, made by SWEN Capital Partners (SWEN CP), marks one of the largest CDR-investments in Europe within the last year. With the new financing through the SWEN Impact Fund for Transition 2 fund, Novocarbo will further expand its network…
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DP World Partners with Masdar to drive renewable power for port operations in Middle East and Africa
DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World’s global port operations in the Middle East and Africa. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global…
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