SOCAR, Zimbabwe discuss energy cooperation

SOCAR president, Zimbabwe parliament speaker discuss energy co-op

SOCAR president, Zimbabwe parliament speaker discuss energy co-op

Zambian, Korean firms sign deal for 500MW solar plant

Zambia's state-owned power utility ZESCO and South Korea's KS Eco Solutions Holdings have signed a purchase agreement for a 500-megawatt solar plant and battery storage project, as Zambia seeks to diversify its energy mix after recent electricity shortages. Zambia plans to expand its power generation capacity to about 10,000 MW by 2030, up from the current 3,500-3,900 MW, to address a power deficit of more than 1,600 MW and support economic growth. Solar energy is viewed as a key renewable energ

Energy Commission, Abu Dhabi’s Global South Utilities sign MoU to boost Ghana’s energy transition agenda

The Energy Commission of Ghana has signed a Memorandum of Understanding (MoU) with Abu Dhabi-based investment company, Global South Utilities (GSU), to strengthen cooperation and explore new opportunities in Ghana’s energy sector. The agreement, which seeks to promote technical cooperation, knowledge sharing and investment partnerships, forms part of efforts to support Ghana’s energy transition and []

Zimbabwe Seeks Billions to Modernize Energy Sector and Shift Away From Hydropower

HARARE, Zimbabwe — Zimbabwe is actively seeking billions of dollars in investment to modernize its energy sector and shift away from a heavy reliance on hydropower. The push comes as severe climate shocks and prolonged droughts expose the vulnerabilities of the nation’s power grid, prompting a strategic pivot toward diversified, bankable renewable energy sources. The []

Absa Deepens BYD Alliance as South Africa’s Electric Vehicle Market Surges

South Africa’s transition to new energy vehicles (NEVs) is gathering momentum, prompting Absa and BYD Auto South Africa to expand their strategic partnership first established in 2025. The enhanced collaboration reinforces both companies’ commitment to accelerating electric mobility by providing financing and banking solutions that support BYD’s growing dealer network and customer base. Absa will []