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Adani Group plans 10 GW of overseas hydroelectric projects

India, News

Adani Group is planning to develop 10 gigawatts (GW) of hydroelectric projects overseas in the coming years as part of its strategy to reach net zero carbon emissions by 2050. The conglomerate, led by billionaire Gautam Adani, is exploring projects in countries like Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam, according to sources familiar with the plans. The group is particularly interested in regions with favourable topography and growing demand for hydropower. The move…

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Adani Group eyes $900 million power line project in Tanzania

India, News

The Tanzanian government is negotiating with the Adani Group for a $900 million public-private partnership to build high-voltage power lines. This project follows the group’s earlier success in securing a 30-year concession to operate the main container terminal at the port of Dar es Salaam. The investment is part of Tanzania’s broader push for infrastructural development and foreign investments. In parallel, Tanzania is also in discussions with UK firm Gridworks Development Partners for a $300…

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Uganda commissions 600 MW Karuma Hydropower Project

Global, News

On Thursday, 27 September, Uganda commissioned the Karuma Hydropower Project (KHP), a 600 MW hydropower plant on the River Nile. The $1.7 billion facility, constructed by China’s Sinohydro Corporation, is Uganda’s largest power generation project to date. China financed the entire project, with Exim Bank providing a $1.4 billion loan and the Chinese government covering the remaining costs. The Karuma plant will boost Uganda’s total generation capacity to over 2GW. Along with the hydropower plant,…

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Global Renewable Energy Statistics

Analysis, Data Insights

Renewable Energy Capacity and Production (On-Grid and Off-Grid) In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase. Africa has also experienced growth, with a capacity of 62,066 MW in 2023, up from 32,511 MW in 2014. Countries like Angola, Ethiopia, and South Africa have led this surge, each achieving notable renewable capacity expansions. Angola, for example, expanded from 1,020 MW in 2014 to…

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IDBZ approves 5 MW Gutu Solar Power Project in Zimbabwe

Global, News

The Infrastructure and Development Bank of Zimbabwe (IDBZ) has approved the development of a 5 MW Gutu Solar Power Generation Plant. Under the agreement, IDBZ will fund the project, while the Gutu Rural District Council (GRDC) is providing the land under a 25-year lease agreement approved in October 2023. GRDC has already initiated site preparation, including land clearing, road construction, and fencing. The Ministry of Finance, Economic Development & Investment Promotion, with support from the…

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China to host summit to increase clean tech exports to African nations

Global, News

Chinese President Xi Jinping will host the ninth Forum on China-African Cooperation Summit on August 4, aiming to encourage the 50 African nations in attendance to purchase more of China’s renewable energy technologies, according to Reuters. In return, China pledges to increase loans and investments across the continent, focusing on green energy. China is keen to expand its green energy tech exports, especially for electric vehicles (EVs) and solar panels, before Western tariffs come into…