AGP Executive Report
Last update: an hour agoZambia Solar Push: South Korean developers are lining up a 500MW solar project in Zambia, with the Export-Import Bank of Korea and Korea Development Bank flagged as possible financing partners, underscoring fresh interest in bankable renewables across Southern Africa. EV Investment Boost: Africa’s e-mobility platform Spiro secured an extra $55m from Chinese growth-stage investor NewTrails Capital, taking its latest round to $270m, to expand battery-swapping and EV infrastructure across seven African markets. Grid Stability via Storage: LONGi unveiled its LONGi ONE strategy at Africa Energy Forum 2026 and signed a 300MW solar-storage deal with SOLA, positioning battery storage to cut reliance on diesel and improve reliability in weak-grid areas. Power Cost Control: South Africa’s Eskom says diesel spending plunged by 85% in the first two and a half months of the financial year, helped by better generation performance and fewer unplanned outages. Skills Gap Threat: Industry leaders warn Africa’s green economy could stall as a shortage of skilled workers threatens renewable energy, electric mobility and green manufacturing rollouts. Energy Data for Policy: Cameroon has started developing energy accounts with UN and World Bank support to track extraction, production, consumption, trade and environmental impacts—aimed at better energy planning and investment decisions. Oil Market Pressure: Reports say Dangote Refinery is facing a crude supply shortfall, raising questions about feedstock governance and the refinery’s ability to sustain output targets.
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