MARRAKESH (AFP) - Morocco said Tuesday it is "very confident" of finding the investment needed to build vast solar power plants in its southern desert regions and become a world-class solar energy producer. "Our target is that in 2020, 42 percent of our power supply will come from renewable energy, including 14 percent from solar," Deputy Energy Minister Mohammed Zniber told AFP on the sidelines of a conference in Marrakesh. "At the moment we have only one solar installation, in the east of Read more [...]

Johannesburg - Eskom and Public Enterprises MinisterMalusi Gigaba opened a solar photovoltaic (PV) installation at its Lethabo power station near Vereeniging in Gauteng, on Monday. The first stage of the pilot project was designed to introduce renewable energy sources to supply power for internal use at Eskom's coal-fired power stations, Eskom said in a statement. This would reduce the company's carbon footprint by about 2 845 tonnes per annum. Solar PV technologies use the power of Read more [...]

Businesses and governments are accelerating investment in the green sectors of the economy, a United Nations report unveiled today shows, stressing that the trend will facilitate the transition towards a low-carbon, resource-efficient and socially inclusive global economic model. Investing just two per cent of the global gross domestic product (GDP) in 10 key sectors would kick-start a shift from the current environment-polluting and inefficient economy to a green one, according to the report, Read more [...]

Johannesburg -- A R1.9 billion loan agreement to finance Eskom's renewable energy projects will be signed tomorrow. Minister of Public Enterprises Malusi Gigaba, together with Finance Minister Pravin Gordhan will sign the loan agreement with representatives of the World Bank's Clean Technology Fund. The loan will allow for Eskom to build a wind power plant in the Western Cape and a solar power plant in the Northern Cape. Chief Director of Public Enterprises Jacky Molisane says what is important Read more [...]