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Masdar signs strategic deal with Iraq for 2GW solar projects


Masdar signs strategic deal with Iraq for 2GW solar projects
ABU DHABI, 14 hours, 51 minutes
ago
Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts).
 
Iraq, the second-largest oil producer in the Organisation of Petroleum Exporting Countries (Opec) group, is looking to increase the percentage of renewables in its total power production capacity by the end of this decade to address supply issues and meet climate objectives. 
 
Iraq, which this year ratified the Paris Agreement on climate change, enjoys some of the most attractive solar irradiation levels in the region. ....

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South Africa and Nigeria — the continental giants wit...


Much has been written about the perceived or imagined rivalry, competition and the quest for the hegemony of the continent by South Africa and Nigeria, and much less about their successes, cordiality and milestones over the years. Even fewer works that are available focus on the socioeconomic contrasts between Nigeria and South Africa in a way that seeks to project and promote competition.
Formal diplomatic relations between South Africa and Nigeria resumed at the dawn of South Africa’s new democracy in 1994. The two countries have always enjoyed cordial fraternal relations dating back to the early days of South Africa’s struggle for freedom and liberation, a dark period during which Nigeria stood by South Africa. ....

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Why we'll all be better off when the commodities curse is dispelled


© Oscar Sabetta/Getty Images
The Arab oil embargo on exports to the West which followed the 1973 Yom Kippur War, made oil exporters realise the enormous economic power that they wielded. 
The Organisation of Petroleum Exporting Countries (Opec), dominated by the Middle Eastern producers, became a cartel which quadrupled the price of oil, exacerbating inflationary pressures in the West and leading to an economic downturn. 
More worrying still was the longer-term prognosis.
We’re no longer worried about running out of oil
During the oil crises of the 1970s, proven oil reserves were enough to last only 25 years, while demand was rising inexorably. With Opec in control of supply, the price could only spiral higher, pulling up the price of coal, on which the UK depended for 70% of its electricity generation, in its wake.  ....

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