Groupe Filatex has been at the forefront of adopting the latest technology across Madagascar and Africa in its effort to help create a greener, more sustainable future.
Renewable energy works by exploiting some of the most powerful and, up until recently, underused resources that our planet has. Converting water flow into hydroelectric power, wind powering turbines and photovoltaic systems absorbing the power of the sun, renewable energy is now produced affordably and sustainably.
As the fight against climate change intensifies, the necessity for renewable energy will turn out to be even more acute, slowly becoming the backbone of our electricity grids.
At Groupe Filatex, we love innovation and are unapologetically always searching and embracing the latest technology, not only to reduce costs but also to improve efficiency and reduce our impact on the planet.
We most recently announced the launch of Madagascar’s first-ever wind farm, which will be providing 14GWh of electricity per year.
We are also in the process of creating Madagascar’s largest solar project, which, when completed, will deliver 49MW of energy, of which 10MW will be generated from none other than floating farms!
Floating solar farms have become increasingly popular since their widespread adoption in 2016, providing a range of environmental and economic benefits. Whereas heat can damage the efficiency of solar panels, reducing electricity generation by 10 to 25%, floating solar farms can take advantage of the natural cooling of the water on which they sit to reduce temperature and maintain the optimal efficiency.
Moreover, we recently announced the purchase of a stake in Energiestro, a French start-up best known for developing the technology behind the Flywheel Energy Storage. The Flywheel storage technology is designed to reduce the high costs of energy storage typically associated with batteries, addressing the challenge of energy variability that renewable energy presents. The venture with Energiestro forms part of our efforts to provide innovative renewable energy solutions for Madagascar and Africa as a whole, to reduce the barriers to accessing electricity and protecting the environment.
Despite the widespread challenges in the global uptake of renewable energy, such as a lack of adequate climate finance, the technology exists to revolutionise our energy grids and help save the planet.
Developing countries like Madagascar now have the opportunity to ‘leapfrog’ ahead of developed countries by building their entire electric grids and systems through renewable energy sources. However, this can only be achieved if the latest renewable technology is implemented across the developing world, and this is a key goal for Groupe Filatex.