• Friday, April 19, 2024

Business

Britain Aims to Invest £56 million in Battery Storage Facilities in South Africa

Britain’s Prime Minister Theresa May Arrives in Abuja, Nigeria on Wednesday (29) as Part of Her Three Day Visit to Africa.

By: Radhakrishna N S

Britain’s prime minister Theresa May has expressed her desire to invest 56 million pounds in battery storage facilities in South Africa during her current visit to the country, media reports said on Wednesday (29). Battery storage facilities are expected to help the African nation to manage peaks and troughs in power supply from solar, wind, and other renewable energy projects. The facilities can be used as when there is a power demand. The investment is being supported by Britain’s share of a £4.19 billion Clean Technology Fund, which provides financial aid for developing countries to adopt low-carbon technologies. Earlier, Theresa…

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