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Showing posts with the label renewable

Energy Storage Remains the Biggest Challenge of Solar PV

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A study by Bavijas Energy reveals that solar PV (photovoltaic) panels convert only about 20% of the sunlight they receive into electricity (light energy), with the remainder going to waste as heat. Perhaps, that explains why solar PV usually requires large areas of land (and more panels) to generate significant amounts of electricity. On the one hand, while the operational inefficiency of solar panels calls for an effective energy storage system, on the other, there is fear that designing effective solar storage solutions will come at a high cost which will compound the already high upfront costs of solar energy. Until an effective solar storage solution has been developed and widely adopted, the problem of solar intermittency remains, which obviously should not be the case if solar PV is to become the mainstream energy source of the future that we so desire. Can solar PV become mainstream without there being a fall in cost? How do we balance this?  Ponder on this!

Egypt's Green Hydrogen Law Already Yielding Dividends

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Egypt's ambitious "Vision 2030" strategy, launched in February 2016, has taken a significant step forward with the enactment of Law No. 2 of 2024, also known as the Green Hydrogen Incentives Law.  This legislation, approved by the Egyptian House of Representatives in January 2024, offers substantial tax incentives to promote the development of green hydrogen projects within the country.  Following this landmark decision, Egypt has swiftly moved to capitalize on its green hydrogen potential by signing seven agreements with international developers. These agreements, expected to attract over $40 billion in investments over the next decade, signify Egypt's commitment to becoming a key player in green hydrogen production and renewable energy. Egypt's proactive approach to incentivizing green hydrogen projects underscores its determination to lead the transition towards renewable energy in North Africa. By offering tax credits and exemptions, Egypt aims to attract both

REA Signs MoU With Oando Clean Energy to Boost Nigeria’s Renewable Sector

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Nigeria’s Rural Electrification Agency, REA, has penned a Memorandum of Understanding with Oando Clean Energy Limited (OCEL) to deploy sustainable renewable energy systems across Nigeria. The Managing Director of the agency, Mr. Ahmad Salihijo-Ahmad revealed this in Abuja, the nation’s capital, and said the signing of the MOU would boost collaboration between the private sector and the government. Mr Salihijo-Ahmad explained that one of the best ways to mitigate the effects of subsidy removal in Nigeria is through the exploitation of opportunities to optimise the critical role of renewable energy. He expressed his delight over the REA – Oando partnership, saying that  “it will bring about mutually beneficial collaboration, knowledge exchange and experiences all targeted at achieving the common goal of optimising renewable energy in the country.” On his part, the Executive Director, Technical Services at the REA, Mr Barka Sajou while explaining the Agency’s shift in paradigm on the deli