Germany Pledges €276.5M to South Africa for Economic Development & Climate Action
The funding comes as part of a commitment to deepen cooperation in economic development and climate change.
Read the latest Archives of oil, gas and energy news.
The funding comes as part of a commitment to deepen cooperation in economic development and climate change.
GuarantCo and British International Investment have teamed up with Etana Energy to provide $100 million in guarantee financing, aiming to unlock $500 million for new renewable energy projects in South Africa.
Bidders for Bid Window 3 will be announced in February 2025, with operations expected to begin by 2027.
The two renewable energy projects will provide power to Sasol and Air Liquide, supporting the companies in their decarbonization efforts.
The country’s Integrated Resources Plan outlines a balanced approach using a mix of nuclear, natural gas and renewable energy.
The company aims to target a new area in the southern part of the Deepwater Orange Basin.
Saudi Arabia intends to import platinum group metals concentrate from the Waterberg mining project for use at a proposed smelter and refinery in the country.
The company is currently awaiting regulatory approvals to secure 100% interest in Block 11B/12B offshore South Africa, following the withdrawal of joint venture partners.
Speaking to Energy Capital & Power, the SA-DRC Chamber of Commerce highlighted emerging opportunities for South African investors in the DRC’s mining industry.
The Oasis 1 battery energy storage projects, backed by R7 billion in financing, represent a significant milestone in advancing South Africa’s energy transition through large-scale battery storage solutions.