Standard Bank Group will accelerate its investments in the ‘Power Africa’ initiative over the next five years
Energy
Italian firm to develop two solar plants in South Africa
Italian energy company TerniEnergia has signed a deal with an unnamed utility firm to develop two solar plants in South Africa for US$197.3mn
General Electric to invest US$2 billion in Africa
An estimated US$2bn worth of investments from multinational conglomerate General Electric (GE) will be distributed across Africa in a bid to help the continent achieve sustainable growth
Aggreko keen to introduce embedded power to Nigeria
Scottish power solutions firm Aggreko is in talks with five electricity distribution companies (DISCOs) to supply embedded power in Nigeria
Solar market revenue to reach US$137 billion, reveals Frost & Sullivan report
Revenue from the global solar industry is set to reach US$137.02bn by 2020, according to Frost & Sullivan’s Global Solar Power Market report