Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Extensive renewable energy collaboration foreseen
    Commodities

    Extensive renewable energy collaboration foreseen

    October 15, 20243 Mins Read


    Turbines pictured in a wind power project in De Aar in Northern Cape province, South Africa on Nov 22, 2022. [Photo/Xinhua]

    China and Africa are poised for extensive collaboration in the realm of renewable energy, as the continent’s abundant resources align with China’s advanced expertise in wind and solar power technologies, said experts recently.

    This partnership not only guarantees energy security but also propels Africa toward green, low-carbon practices and sustainable development, yielding a host of mutually beneficial outcomes, they said.

    Currently, the African economy is undergoing sustained growth with a continuous rise in energy demand. According to the Continental Power System Masterplan currently being developed by the African Union Development Agency, Africa’s electricity consumption may reach 3,842 terawatt-hours by 2040.

    The International Renewable Energy Agency predicts that by 2030, nearly a quarter of Africa’s energy demand can be met by new energy sources.

    While Chinese companies have implemented hundreds of renewable energy projects in Africa, aiding African nations in mitigating energy shortages and achieving sustainable development, experts said that the localization of technology and production, as well as green finance and talent development can further deepen and broaden China-Africa renewable energy cooperation.

    Lu Junling, chief economist at China’s National Energy Administration, said that energy cooperation between China and Africa aligns with the mutual interests of both parties, offering a solid foundation and promising prospects. He advocated for enhanced practical cooperation facilitation for future China-Africa energy projects, emphasizing the importance of exchanging energy project information, creating collaboration opportunities and maximizing the role of energy think tanks to realize more cooperative outcomes.

    “Now is an opportune moment for clean energy collaboration between China and Africa. Further efforts are needed to advance the cooperation mechanisms between the two regions, help with planning research and policy alignment, foster deeper technological innovation cooperation, and explore tailored green projects that benefit communities,” said Li Sheng, head of the China Renewable Energy Engineering Institute.

    A recent report on China-Africa renewable energy cooperation, jointly prepared by the CREEI and the New Partnership for Africa’s Development, an economic program of the African Union, underscores Africa’s significant potential in renewable energy development, while highlighting the need for improvements in production and consumption levels. In 2022, renewable energy accounted for a modest 9.67 percent of its total energy consumption.

    Regarding production, Africa’s total installed power generation capacity reached 252.8 gigawatts in 2023, with fossil fuels remaining the primary electricity source, constituting about three-quarters of total installed capacity. Among renewable energy sources, hydropower (excluding pumped storage) had an installed capacity of 37.1 GW, representing 3 percent of global hydropower capacity, while wind and solar power capacities were 8.7 GW and 13.5 GW, respectively, each accounting for less than 1 percent globally.

    However, over the past five years, Africa’s total installed capacity of renewable energy, excluding pumped storage, has grown by 23.2 percent, a substantial 16.8 percentage points higher than the growth rate of fossil fuel power generation capacity (6.4 percent) during the same period.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Duty cut on edible oils expected to lower raw material costs for food companies

    Commodities

    Woodside Energy dépose une plainte contre le Sénégal auprès du CIRDI

    Commodities

    Jean-Pierre Dionnet, itinéraire d’une figure de la contre-culture entre succès et excès – rts.ch

    Commodities

    Egypt’s agricultural exports surpass 4.8mln tons in 5 months

    Commodities

    Managing investment risk in the digital age

    Commodities

    Bihar has tremendous potential for agricultural development: Shivraj Singh Chouhan | India News

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    China Silver Group prévoit un bénéfice net de 8 à 12 millions de RMB pour l’année fiscale en cours -Le 20 mars 2025 à 16:11

    Pour leurs 50 ans, les Humanos et Métal Hurlant poussent les feux (…)

    Cryptocurrency

    STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY – The White House

    Editors Picks

    What Is Bonk Coin and Is It a Real Cryptocurrency Worth Investing Your Money In?

    July 19, 2024

    Kingsview Wealth Management LLC Sells 33,631 Shares of SM Energy (NYSE:SM)

    July 23, 2024

    Sensex jumps 900 points, investors earn over ₹4 lakh crore; why is the Indian stock market rising today? EXPLAINED

    May 2, 2025

    DeepSeek Prompts a Reckoning Across Wall Street and Silicon Valley – The New York Times

    January 27, 2025
    What's Hot

    La fintech Qonto déploiera SAP S/4HANA début 2026 dans le Cloud public

    March 13, 2025

    MTS Board approves Copper Line trolley segment between Santee and El Cajon

    July 18, 2024

    The UK county so cheap house buyers only need a £7k deposit | UK | News

    February 19, 2025
    Our Picks

    Justice Department shuts down its cryptocurrency team

    April 8, 2025

    Valentine Theatre’s Silver Screen Classic Series

    October 30, 2024

    Some good upcoming dividend stocks to add to your portfolio

    October 22, 2024
    Weekly Top

    Cryptocurrency Billionaire Sells His South Florida Penthouse for $28.6 Million

    June 2, 2025

    Nord Precious Metals Receives Advanced Application and Procedure for Recovery Permit

    June 2, 2025

    Portable Retirement Gratuity Fund : 7,936 dossiers toujours en attente

    June 2, 2025
    Editor's Pick

    New DaZheng Property Group Second Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.17 in 2Q 2023)

    August 18, 2024

    Treasury confirms plans for inflation-busting rise in UK social housing rents

    October 25, 2024

    Canadian mutual fund sales highest in 2 years, driven by bond funds

    August 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.