The EU’s bold clean energy transition, central to its Green Deal, is gaining momentum amidst the urgency for climate neutrality and energy sovereignty. This movement is fuelled further by Russia’s invasion of Ukraine and the ensuing energy crises, propelling the EU towards greater energy independence. This transition is not merely a response to current geopolitical…
In a significant development reflecting the global energy trends, the German government has announced a major financial package to Siemens Energy Support, a Munich-based leader in wind farm manufacturing. As part of a comprehensive €15 billion effort, this initiative demonstrates Germany’s dedication to bolstering Siemens Energy’s participation in renewable energy projects. This substantial support, amounting…
Amidst evolving global energy trends, private equity is increasingly eyeing Africa for transformative energy transition investments. Saad Ul Islam from British International Investment highlights the growing allure of small-scale, off-grid projects in a continent where over 600 million people still grapple with inadequate electricity access. Concurrently, the European Union is actively diversifying its energy partnerships,…
Germany’s EUR 23.1 million investment, spearheaded by the Federal Ministry for Economic Cooperation and Development (BMZ) and executed by KfW, is a groundbreaking step in advancing South Africa’s green hydrogen economy. This strategic collaboration with South Africa’s Industrial Development Corporation (IDC) is a part of the larger Just Energy Transition Partnership (JET-P), demonstrating a strong…
The rise in demand for electric vehicles, renewable energy, and batteries globally underscores the importance of “Green Minerals.” Africa, with its rich deposits of these minerals, stands at the crossroads of opportunity. The continent’s vast reserves offer a promising pathway towards green industrialization, setting the stage for Africa to make strides in development and play…
Africa stands at the precipice of an energy revolution, with the 74-cubic-kilometer Grand Ethiopian Renaissance Dam (GERD) at its helm. But how will hydropower in Africa fit into Africa’s future amidst climate and economic challenges? Africa’s Expanding Hydropower Landscape The GERD, slated to produce over 6 GW of electricity by the mid-2020s, is a testament…
The AEW 2023 conference heralded a defining moment for Africa’s energy sector. Influential women in energy gathered, offering a rich tapestry of insights, strategies, and solutions to fuel Africa’s sustainable energy ambitions. Empowering Africa’s Sustainable Energy Transition Grace Orife, the dynamic CEO of Adelaar Energy, moderated the session. The African Women Business Energy Network, alongside…
The African Energy Week (AEW) 2023, held in Cape Town, was more than just a conference—it was a ground-breaking symposium that highlighted the continent’s vast energy potential and the opportunities it presents. Serving as a nexus for policy makers, industry leaders, and global energy enthusiasts, AEW 2023 sought to shape the trajectory of Africa’s energy…
At the recent African Energy Week (AEW) 2023 conference, a seismic shift was palpable as African nations put their best foot forward, showcasing their abundant hydrocarbon reserves and the prospects of oil and gas exploration. Three standout presentations emerged as central themes, reflecting not only the continent’s rich hydrocarbon landscape but also the aspirations of…
As the international community vigorously accelerates towards a green future, Africa is meticulously carving its own trajectory. The African Energy Week (AEW 2023), held in the scenic backdrop of Cape Town, became the epicentre of discussions pivotal to the continent’s energy strategies. 1. Africa’s Unique Energy Landscape The richness of Africa’s energy resources has always…
The ongoing dialogue about global energy transition is an urgent one, with countries scrambling to find sustainable solutions without compromising their growth. Within this framework, the African continent has emerged as a focal point. Its rich energy resources and the vast untapped potential render it a significant player in this transition. The AEW 2023 conference…
The African continent, with its vast energy resources, is witnessing what many are terming “Africa’s Energy Resurgence.” The recent collaboration between Afreximbank and Torxen Energy at AEW 2023 in Cape Town magnifies this transformative phase. A Landmark Deal in Nigeria On 17 October, in the scenic city of Cape Town, a significant partnership took shape.…