For developing countries, the critical obstacle has been addressing the widespread use of smart power technologies and ensuring clean, sustainable and cost-effective electricity in the years to come. The global pandemic of Covid-19 has negatively impacted our ability to implement this plan, resulting in the energy industry having a low readiness for the energy transition to a lower carbon electricity sector and high uncertainty as to future demand patterns. In addition, new solutions are urgently needed to address Africa’s power crisis and switch on a continent-wide strategy for its recovery and renewal.
Such solutions must take into account the energy transition and the utilization of smart power technologies. Pan-African corporate law conglomerate, Centurion Law Group has launched its new Energy Transition Centre offering to help clients on issues related to strategy, organisation and operations to support a clean energy transition. Aimed at supporting investment into the renewable energy sector on the continent, the Energy Transition Centre describes the new opportunities of the changing energy mix landscape in Africa and providing a more optimistic and tangible approach.
Leading the firm’s Energy Transition Centre will be Julius Moerder, Head of Energy Transition Centre, Oneyka Ojogbo, Head of Energy Transition Centre, Nigeria & West Africa and Leon van Der Merwe, Head of Energy Transition Centre, South Africa.
‘’Centurion represents oil and gas, energy and mining companies across the continent. We look forward to extending our expertise and delivering to our clients with innovative solutions for the future. The Energy Transition Centre is the one stop shop for international businesses and investors within the renewable energy sector doing and planning on doing business on the African continent,’’ said Head of Energy Transition Centre, Oneyka Ojogbo.
With a clear purpose of identifying opportunities along the entire value chain for local beneficiation to access global markets, the Energy Transition Centre encourages the participation of emerging technologies that support the energy mix, infrastructure gaps, improving access to energy, addressing climate change and stimulating economic growth.
‘’The launch of our new energy transition centre is a start to a comprehensive approach to battling energy poverty, one that includes gas-to-power initiatives. More than a dozen African countries are already using natural gas they produce themselves or import from other countries to generate electricity. And new projects are on the way. Ghana, for example, is preparing to launch sub-Saharan Africa’s first LNG-to-power plant before the end of the year,’’ said CEO of Centurion Law Group, NJ Ayuk.
Foreign investment and international companies have lacked the coordination of strong local partners to their business activities and market entry strategies into emerging markets. The Energy Transition Centre will serve as a one-stop shop for international investors and companies that are entering emerging markets on the African continent by providing comprehensive legal and advisory services around their investment and market entry.
Due to political and regulatory concerns international businesses often still refrain from participating and investing into projects in Africa in a substantial manner. This investment gap must be overcome to shape a prospering economical future. We strongly believe the only way forward will be successful projects on the continent that attract further capital.
In our current climate, the abundance of natural energy resources on the African continent remains mainly unexploited. This means that there is an immense potential to jointly develop projects that can boost the domestic energy market and industry as well as catering the demand for clean energy in other parts of the world to a certain extend.
Centurion Law Group’s Energy Transition Centre connects the dots between local energy markets, African companies and international investors and companies. ‘’We need a transition that factors in African goals, concerns and priorities, our new energy transition centre aims to do just that through the implementation of comprehensive advisory and legal services on energy issues to foster Energy Transition on the African continent,’’ added NJ Ayuk.
The award-winning firm is well-known for advocating for the African energy industry and the Energy Transition Centre is the consequential next step to help shaping the future in the light of energy transition by boosting investment into the energy sector with the overall goal of making energy poverty history by 2030. We know that international investors need an experienced and reliable local partner to explore opportunities on the continent. Our multi-disciplinary team comes with vast experience in cross-border work in the energy sector and is passionate about to play a vital role in Africa’s energy transition journey.
For more information, visit https://centurionlg.com/energy-transition-centre/ or reach out to:
Julius Moerder, Head of Energy Transition Centre email@example.com
Oneyka Ojogbo, Head of Energy Transition Centre, Nigeria & West Africa firstname.lastname@example.org
Leon van Der Merwe, Head of Energy Transition Centre, South Africa email@example.com