Why is Skipper Limited (SKIPPER) rising - Free Stock Market Trend Analysis

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Why is Skipper Limited (SKIPPER) rising ✌️【Asset】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns.

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But relying on renewables can be hard: electricity can’t always be generated when needed (a drought can mean no hydropower) and renewable energy is difficult to store. One solution? The Ethiopia-Kenya Electricity Highway.

Why is Skipper Limited (SKIPPER) rising ✌️【Asset】✌️ Free access to real-time stock market data analysis, global market trends, and expert predictions. Capture emerging opportunities and grow your portfolio steadily, with insights into metals, energy, and agricultural products. The vast piece of infrastructure opened officially last year after a decade of work and$1.2 billionof investment. Now, when one country needs more electricity for its national grid and the other has a surplus, electricity automatically flows across the border, along 650 miles of transmission lines, so that supply meets demand. Last week, a Kenya-Tanzania link began operations, which will let energy flow across that border, too.

Experts saysharing electricity (or “power sharing”) between African countries is fundamental to a successful clean energy transition. According to Darlain Edeme, African Energy Analyst for the International Energy Agency (IEA), it can “improve quality, reliability, security, and have benefits on prices,” in a continent where demand for electricity is rapidly increasing.

In Ethiopia, a country with a population of nearly 130 million, electricity consumption per capitaquadrupledbetween 2000 and 2022. In Kenya, itrose by three quarterswithin the same period. And it’s set to continue rising – in 2017 Ethiopia launched its National Electrification Plan that aimed to achieve universal electrification by 2025, despite only about one in four rural households currently having access to electricity. Across Africa, theUN has targeteduniversal access to electricity by 2030, which would mean adding the 600 million people currently without it – nearly half the population of the continent – in the next five years.

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Why is Skipper Limited (SKIPPER) rising ✌️【Asset】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. And it’s expensive, too. The Ethiopia-Kenya Electricity Highway follows the model of other interconnectors in Africa, including one betweenZambia and Namibia, which has run since 2010 and cost $300 million to construct, and a 1,000-mile interconnectorbetween two regions of the Democratic Republic of the Congo, running since 1982 and costing over $800 million.

For the African Development Bank (AfDB), which contributedover $300 million of fundingtowards the Ethiopia-Kenya link, it’s worth it. “You see population growth somewhat outstripping the growth of new connections,” said Daniel Schroth, director of the Renewable Energy and Energy Efficiency Department at the AfDB. “There’s a big push on addressing this energy access deficit more decisively.”

Why is Skipper Limited (SKIPPER) rising ✌️【Asset】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Since the highway opened, Ethiopia’s electricity supply has provided vital backup for Kenya, which has been importing 200 megawatts (MW) of power dailyfrom its neighbor, equivalent to around 10% of the peak demand of Kenya’s national grid. The interconnector has the capacity to transfer up to 2,000 MW.

For many countries in East Africa with a history of power outages, including Ethiopia and Kenya, access to a backup supply could be a lifeline. But while Alemayehu Wubeshet Zegeye, manager for Regional Power Systems Operations in the East African Region for the AfDB, said that the new interconnector “absolutely will reduce the number of blackouts,” it cannot remove them entirely. IEA analyst Edeme said that while having access to backup supplies of electricity is one thing, having functioning utilities to distribute it is another. Across Africa, he said, utilities “are not in the best shape from a financial perspective.”

In September,Reuters reportedtwo “major blackouts” in Kenya in a single week, with Energy Minister Opiyo Wandayi blaming “sub-optimal investment in infrastructure.”

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“The vision clearly articulated by the African Union is to create an African single electricity market building on the regional power pools being interconnected,” said Schroth. The hope is that with increased competition will come falling prices for consumers, and new sources of revenue for countries producing surplus energy that – in the absence of expensive storage systems – would otherwise go to waste. Already, due to the electricity highway, Ethiopia has increased revenue from its electricity exports, which were previously limited to Djibouti, by almost a half, according to Zegeye.

Having added the Kenya-Tanzania interconnector to its power sharing network, the next target for the EAPP is to link Tanzania (and therefore Kenya and Ethiopia, too)to Zambia, both countries in theSouthern African Power Pool(SAPP).

Interconnectors are popular outside Africa, too, with a network ofover 400in Europe. A link between Spain and Morocco already connects the electricity supplies of Europe and Africa, and another – between Greece and Egypt – is currently under construction, with the aim of completionby 2029.

“I think there has been a rallying call over the last two years,” said Schroth, explaining the proliferation of interconnector projects across the continent and the world. “There won’t be an energy transition without transmission.”

Why is Skipper Limited (SKIPPER) rising ✌️【Asset】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. With more funding and international cooperation, there is hope that Africa will one day become a clean energy powerhouse. “I’m optimistic,” said Edeme, “I see a lot of momentum right now in the sector.”

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