In a groundbreaking development, the International Energy Agency (IEA) announced on Thursday that investment in clean energy is set to outpace spending on fossil fuels this year, marking a significant turning point in the global energy landscape. The IEA's World Energy Investment report revealed that annual investment in renewable energy has surged by nearly a quarter since 2021, compared to a 15% rise for fossil fuels. This shift is driven by the remarkable growth of solar projects, which are expected to surpass investments in oil production for the first time.
Posts published in “Energy”
Europe’s energy crisis caused by the invasion of Ukraine by Russia has seen Tanzania coal exports record a seven-fold jump in the year to March due to high demand, the latest central bank data shows.
GEEL Power is a Somali-owned green energy company that specializes in developing scalable and bankable off-grid utility solutions that are tailored to meet the needs and budgets of their clients. The company identifies off-grid and on-grid systems for small and medium-sized villages and towns, as well as commercial and industrial operations. It then designs a solar power plant in tandem with a battery storage system (BESS) that is customized to the needs of the customer.
Dalsan Power Founder and SOGEA Chairman Bashiir Mohamud talks about the future of renewable energy in the country Interview by TSI WriterCan you give us…
Chabala H. Walter: Mr. Ali is an engineering leader and entrepreneur at General Electric- a global leader in power generation, aviation, and healthcare. He carries…
TSIM Special Correspondant: Energy, overstretched periods of time has traditionally been a male-dominated field. Despite all the global recognition and benefits of increasing women’s participation…
Chabala Walter: Conventional energy sources based on coal, gas, and oil remain the most widely used energy inputs in spurring economic growth in the majority…
While the Somali public is heavily engaged in debating tomorrow’s opportunity with regards to Oil Exploration, the imminent one today in the Petroleum Downstream sector…
With this investment, CTF becomes the first progressive geothermal Independent Power Producer (IPP) in Ethiopia The African Development Bank (www.AfDB.org) has welcomed a decision by…
The moving forward of the Lake Albert Development Project, and its export pipeline, is a major step forward de-risking other potential oil & gas projects…