UK contributes to $500mn South African energy storage project

By Olivia Minnock
As part of Prime Minister Theresa May’s African visit, the UK has announced it will contribute $73mn (£56mn) to a South African...

As part of Prime Minister Theresa May’s African visit, the UK has announced it will contribute $73mn (£56mn) to a South African energy storage fund.

The fund, which is to be worth $500mn as a whole, will help secure renewable power in South Africa by developing battery technology to store energy.

The money has been offered through the Clean Technology Fund, which provide funding for clean technology projects in developing countries with a focus on developing low-carbon solutions and eliminating greenhouse gas emissions. The UK is the top contributor to the global fund, followed by the US and Japan.

See also:

South Africa announces 2030 renewable energy goals

Make: Africa to reach 30GW wind capacity by 2027

Read the latest issue of Energy Digital magazine

The storage project is being developed by the World Bank, the African Development Bank and the South African government.

The UK government said in a statement: “This project, the first of its kind in the region, will use an innovative technology to transform the country’s energy system, supporting South Africa’s long-term commitment to decreasing carbon emissions by developing bold, new renewable technologies.”

May’s three-day visit took place this week in the hope of building relations with countries in Africa prior to the United Kingdom’s exit of the European Union. In addition to South Africa, the Prime Minister also visited Nigeria and Kenya.

Share

Featured Articles

Is Volcanic Ash an Answer to Efficient Solar Energy Storage?

Volcanic ash, typically seen as a disruptive force, is now hailed by University of Barcelona researchers as a valuable energy storage medium

EY: How CEOs are Pushing Energy Transition Priorities

EY’s CEO Outlook Pulse report says execs at the helm of businesses are acknowledging and embracing the necessity of the energy transition to sustainability

Reducing Low-Carbon Hydrogen Costs Key to Decarbonisation

Capgemini’s low-carbon hydrogen whitepaper emphasises the need for collaboration to make low-carbon hydrogen a viable decarbonisation tool

Sustainability LIVE Among World’s Top Sustainability Events

Sustainability

Microsoft & Brookfield Sign World’s Biggest Clean Power Deal

Renewable Energy

Accenture: Human-Centric AI Transforms the Energy Industry

Technology & AI