African energy Archives - AfricaBusiness.com

The Energy Loom: Crafting Africa’s Green Transition with Precision

12Sep

By Africa BusinessNo Comments

Energy

The Energy Loom: Crafting Africa’s Green Transition with Precision

By Louis Strydom, Director of Project and Market Development, Europe and Africa, Wärtsilä The global discourse's broad-brush strokes must make room for the local reality's fine detail. The call for a green revolution is no longer a distant echo; it's the resounding demand of the present. Much like an artisan weaver poised before a complex loom, the world faces the task of crafting a grand tapestry of sustainability. Each thread must be carefully selected and interwoven into this tableau, from the existential reality of climate change to the urgency to transition from carbon-heavy energy dependencies. However, to ensure the tapestry's strength, we must delve beyond broad strokes and platitudes, using strategic designs with precision and foresight. Africa finds itself in a unique position...

‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27

8Nov

By Africa BusinessNo Comments

Energy, Kenya News, Nigeria News, Togo News, Zimbabwe News

‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27

More than 600 million African people go without access to electricity, and more than 900 million are without safe cooking facilities. At the COP27 climate summit now happening in Egypt, Power Up - a new campaign with over 45 member organisations, is amplifying marginalised African voices in pursuit of funding for green affordable energy, particularly for frontline organisations powering up communities most affected by energy poverty to build resilience and upscale adaptation efforts. According to the IEA, bringing access to modern energy for all Africans calls for investment of US$ 25 billion per year, which is around 1% of global energy investment today. Using the hashtag #GreenPowerisaMust, the Power Up campaign is coordinated by Ashden, a charity working with organisations in the gl...

30Oct

By Baker McKenzieNo Comments

Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

The African Energy Chamber releases its 2023 outlook on the state of African energy

27Oct

By Africa BusinessNo Comments

Energy

The African Energy Chamber releases its 2023 outlook on the state of African energy

The African Energy Chamber has released a report providing insights into the state of African energy in 2023. The report is intended to help global investors and energy companies make informed decisions about investing in Africa. The African Energy Chamber (AEC) – the voice of the African energy sector – is proud to announce the launch of its newest publication, ‘The State of African Energy: 2023 Outlook,” a detailed report analyzing current, emerging and future oil and gas market trends as well as geopolitical procedures shaping both the global and African oil and gas sector. With the global oil market suffering combined impacts from the COVID-19 pandemic and the Russian-Ukraine war, the report provides a detailed analysis of how production and monetization will look like in 2...

Dispatchable Renewable Energy: An Answer to Load Shedding

22Sep

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Dispatchable Renewable Energy: An Answer to Load Shedding

In 2020, South Africans experienced the most intensive load shedding to date. These crippling power cuts, which amounted to a staggering 856 hours, almost 10% of available hours, cost the economy billions of Rands. Poor performance at several power stations, including Kusile and Tutuka, resulted in a rapid depletion of Eskom’s emergency generation reserves. Furthermore, South Africa’s overall capacity to produce energy has plummeted by nearly 10% over the past decade and there are predictions of a shortfall of up to 6 000 megawatts over the next five years. To address this, government’s progressive stance towards renewables, as outlined in the 2019 Integrated Resource Plan (IRP) commits to a shift away from coal towards renewables, with a planned 25% of all power being drawn from rene...

15Jul

By African Energy ChamberNo Comments

Energy, Green Energy

If you Boycott Africa’s Oil & Gas Sector, Africa will Boycott you

In a move to promote development and end energy poverty by 2030, the African Energy Chamber has announced that it will encourage African countries to boycott companies that boycott African oil and gas. With the international community pushing for a rapid decrease in carbon emissions due to climate change, there has been a significant decline in foreign investment directed towards the African energy sector. The global climate crisis remains a critical point of discussion and should remain at the top of the agenda with regards to energy development, however, as the international community moves to boycott investments in the African energy sector, African people and African development stand to suffer. The role of oil in Africa’s energy and economic future is apparent, and consequently, shou...

13Apr

By African Energy ChamberNo Comments

Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...

31Mar

By CSEA AFRICA - CENTRE FOR THE STUDY OF THE ECONOMIES OF AFRICANo Comments

Energy

Improving energy efficiency and interconnectivity in Africa through regional economic integration

Adedeji Adeniran Chukwuka Onyekwena Sone Osakwe CSEA AFRICA - CENTRE FOR THE STUDY OF THE ECONOMIES OF AFRICA March 2021 Affordable and efficient energy supply is essential for enhanced welfare and better development outcomes. However, African states suffer from huge deficits in energy generation and distribution, resulting in unreliable power networks, frequent power outages and expensive tariffs. In a bid to improve efficiencies through interconnectivity and reduce energy development challenges at the national level, sub-regional power pooling initiatives have become increasingly popular in Africa. The idea behind creating power pools is to encourage cooperation among countries, through linking excess capacity in one country where power is produced more economically, with excess dem...

16Mar

By NJ AyukNo Comments

Energy, Green Energy, Mozambique News

Energy Industry will be the bedrock of Africa’s Road to Recovery

African Energy producers and the governments are facing an unprecedented economic crisis due to the Coronavirus, unemployment, recession, and energy poverty and energy transition concerns. The African Energy Chamber’s Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback offers a commonsense strategy for the public and the private sector from leading industry experts. It calls on all of us to take bold actions when it comes to job creation and opportunities that get people back to work, build infrastructure, capitalize on AFCTA and diversify our economies. We understand that we have an obligation as an energy sector to build and support African economies that attract investment and position our continent, its people and investors for prosperity. It...

Hybrid solutions are the most effective way to deliver reliable clean power to remote off-grid mining operations in Africa

10Nov

By Tarik SfendlaNo Comments

Burkina Faso News, Energy, Green Energy, Mali News, Tanzania News

Hybrid solutions are the most effective way to deliver reliable clean power to remote off-grid mining operations in Africa

Op-ed by Tarik Sfendla, Market Development Manager, Africa chez Wärtsilä Energy Business The energy markets are undergoing a massive transformation as governments around the world transition away from fossil fuels towards the integration of renewable energy. This trend is clearly visible in the mining industry as demonstrated by recent power projects in South America and in Australia. According to Bloomberg New Energy Finance, in 2018, mines purchased 1 GW of renewable energy generation assets; this amount tripled to reach approximately 3.5 GW in 2019, 90% of which consist of hybrid solutions. Electricity demand for the mining industry is expected to increase significantly in the coming years as increased mine depth, harder rock and greater water desalination needs lead to higher energy in...