Energy Capital & Power’s Post

The Beyond the Grid Fund for Africa (BGFA) has signed a new agreement with Nuru in #DRCongo to establish a new mini-grid in the northeastern part of the country to provide access to electricity for residential, commercial and institutional customers in peri-urban and urban areas. In total, EUR 5 million will be provided in results-based financing from BGFA to the new investee. With the financial support of BGFA, Nuru SASU will develop and deploy an 8 MW solar mini-grid in #Bunia, the capital of the Ituri province in northeastern DRC. This is expected to deliver up to 14,785 MWh annually, improving the lives of more than 125,000 people living in the community. The project aims to power up to 10,500 residential, commercial and social institutions. One of the primary goals is to electrify and service at least 3,400 small and medium-sized businesses in the region. Additionally, the project will supply electricity to critical infrastructure and social institutions, such as telecom towers, water treatment and distribution services, schools and healthcare facilities. ➡ Read more:  https://lnkd.in/grrNXkfW #CleanEnergy  #MiniGrids #OffGridSolar #SolarPower #SDG7 #SubSaharanAfrica Embassy of Sweden, Sida, Danish Ministry of Foreign Affairs, Norad - Norwegian Agency for Development Cooperation, KfW, Power Africa, Nefco - the Nordic Green Bank, NIRAS International Consulting

The Beyond the Grid Fund for Africa (BGFA) has signed a new agreement with Nuru in #DRCongo to establish a new mini-grid in the northeastern part of the country to provide access to electricity for residential, commercial and institutional customers in peri-urban and urban areas. In total, EUR 5 million will be provided in results-based financing from BGFA to the new investee. With the financial support of BGFA, Nuru SASU will develop and deploy an 8 MW solar mini-grid in #Bunia, the capital of the Ituri province in northeastern DRC. This is expected to deliver up to 14,785 MWh annually, improving the lives of more than 125,000 people living in the community. The project aims to power up to 10,500 residential, commercial and social institutions. One of the primary goals is to electrify and service at least 3,400 small and medium-sized businesses in the region. Additionally, the project will supply electricity to critical infrastructure and social institutions, such as telecom towers, water treatment and distribution services, schools and healthcare facilities. ➡ Read more:  https://lnkd.in/grrNXkfW #CleanEnergy  #MiniGrids #OffGridSolar #SolarPower #SDG7 #SubSaharanAfrica Embassy of Sweden, Sida, Danish Ministry of Foreign Affairs, Norad - Norwegian Agency for Development Cooperation, KfW, Power Africa, Nefco - the Nordic Green Bank, NIRAS International Consulting

PetroSA Interim CEO, Ms. Sesakho Magadla discussed the role for Oil in Africa's Energy Transition at the 2024 AEI. Africa has the contradiction of being endowed with significant primary energy resources and yet has amongst the lowest levels of energy access for its citizens. This suggests that Africa's energy transition should follow a different pathway from those continents with developed economies and high levels of energy access. #CentralEnergyFund #CEF #AfricaEnergyIndaba

Africa requires over $240 billion in annual energy investments with 75% focused on clean energy to achieve energy access, climate, and development goals by 2030. This is according to International Energy Agency (IEA)'s report, 'Clean Energy Investment for Development in Africa,' which identifies critical investment areas, including energy access, the power sector, and emerging industries like critical minerals and clean energy technology manufacturing. This initiative supports the Energy for Growth in Africa program launched by Italy’s G7 Presidency, aiming to foster bankable clean energy projects and improve access to financing. Despite Africa's immense energy resources, the continent attracts only 3% of global energy investment. With 600 million Africans lacking electricity and over 1 billion relying on traditional fuels for cooking, accelerating sustainable energy development is crucial. How can we overcome financial barriers to ensure equitable access to clean energy in Africa? #CleanEnergy #SustainableDevelopment #AfricaEnergy #IEAReport #InvestmentInAfrica #EnergyAccess #ClimateGoals

Millions in Africa Remain in the Dark. Power Pools Offer a Light at the End of the Tunnel. Africa GreenCo Can Help Illuminate the Way 💡🌍 Did you know that in 2022, an estimated 600 million people in Africa – nearly half the continent's population – lacked access to electricity? This lack of electricity hinders development, stifles businesses, and makes it difficult to meet basic needs. A recent article by Synergy Consulting explores a promising solution: power pools. These regional collaborations allow countries to share electricity resources and optimize distribution. 🔄 The article highlights the challenges power pools face, but also identifies key solutions, including the crucial role of power aggregators like Africa GreenCo. Here's how Africa GreenCo contributes to the solution: Acts as a creditworthy counterparty for Independent Power Producers (IPPs), facilitating investment and growth in generation capacity. Connects IPPs with a diversified pool of buyers, including regional power pools, ensuring a stable market for their electricity. By enabling private investment and optimizing power distribution, Africa GreenCo can play a significant role in bringing electricity to millions across Africa. 🌱 Read the full article to learn more about power pools and Africa's energy challenges: https://lnkd.in/g4XqGcq7 #PoweringAfrica #LightingTheWay #EnergyAccess #AfricaGreenCo #ElectricityForAll #IPP Ana Hajduka

🌍 We are pleased to present the debate, ‘Africa’s Role in the Global Energy Transition’, featuring Sameh Shenouda, Executive Director & CIO at Africa Finance Corporation, Victor Gonzalez, Managing Director, Xcalibur Smart Mapping Europe, Amadou Hott, Former Senegalese Minister of Economy and Special Envoy for the Alliance for Green Infrastructure in Africa at African Development Bank Group, Mohamed I. Mansour, Chairman at Infinity Power and Akinwole II Omoboriowo II, Chairman & CEO at Genesis Energy, taking place on 6 June at the 10th edition of The Africa Debate.    Despite Africa’s emergence as an essential player in shaping the global energy transition, a stark reality persists: the continent receives a mere 2% of global clean energy investments. Register today to join the debate on Africa’s role in the shift to cleaner energy, the geopolitics of renewable energy supply and how the continent can strengthen its presence along the value chain. 🎟 To register, click here: https://lnkd.in/eVyVzftG 📑 To view the programme, click here: https://lnkd.in/dJD4htM9 #TheAfricaDebate #TheAfricaDebateTurns10 #EnergyTransition #Renewables #CriticalMinerals #Trade #Investment #Leadership

@Tanzania and the East African Community (EAC) at the Centre of Regional Transmission Expansion: Tanzania Energy Cooperation Summit 2024 - https://lnkd.in/g6hhnRyF Investors from across industry, finance and government are convening to showcase Tanzanias potential. Potential that is epitomised by a country now ranked third in sub-Saharan Africa for future investment, that is expected to see 6% GDP growth by 2025, and that has seen hundreds of millions, if not billions, of dollars of investment, targeted towards infrastructure, hydropower, LNG and solar projects in recent years. Ranked by KPMG behind only South Africa and Nigeria, Tanzania has confirmed its status when it comes to trade and investment. The nation was cited for its strategic location to the east of the continent, its […] For Nominations Contact Amaan Taqvi Connect on Linkedin (https://lnkd.in/gbfDTSGq) +91 7275859841

African Energy Chamber VP, Mr. Verner Ayukegba, lauds #Gabon's proactive stance at the #InvestinAfricanEnergy forum. Their initiatives are reshaping the industry landscape, attracting keen investor interest. "From Libreville to every corner, investors are flocking to be part of Gabon's energy revolution," says Ayukegba. #AfricanEnergy #Paris #France #InvestInAfricaEnergy #IAEPAris2024

During this year’s Power Africa Powering Africa Summit, NARUC presented on the fundamentals of carbon markets, design parameters, and the role of regulation to ensure integrity, transparency, and effectiveness, highlighting the progress regulators have made under USAID and NARUC projects. Africa has promising potential for carbon markets; however, it must overcome challenges related to establishing robust monitoring, reporting, and verification mechanisms and enhancing international cooperation and coordination. We also discussed how energy infrastructure investments, in the African context, are hastened with 1) the presence of regulatory certainty, regulatory transparency, and regulatory autonomy, 2) the ability of investors to recover all their fixed and variable costs, 3) the fair allocation of risk, and 4) the streamlining for issuing siting certificates for large transmission and generation projects.     By sharing knowledge on these topics and the challenges they pose with our peers in the energy sector, we hope to contribute to Power Africa’s goals of adding electricity generation capacity, increasing access to clean energy, and contributing to the economic prosperity of the African continent. For more information on the programs that we are implementing to help our African partners develop regulatory frameworks for their energy sectors, please reach out to us at international@naruc.org. We also encourage you to reference the USAID and NARUC publication, “The Practical Guide to the Regulatory Treatment of Mini-Grids,” if you are interested in guidance on how to develop an enabling framework for mini-grids. https://lnkd.in/emnMCS6s #Africa #energysector #carbonmarket #transmission #knowledgesharing

Sometime ago, I came across a thought-provoking post from Sharon Sambaza that highlighted key takeaways from the Invest in Africa Energy conference held in Paris. The conference focused on "Enabling Natural Gas in Africa, Financing Transformative Projects". As I read through the post, one thing struck me: despite having some of the largest natural gas reserves in the world, Africa needs to "enable" this resource to drive its energy transition and economic growth. Did you know? Africa's natural gas reserves are estimated to be over 500 trillion cubic feet, enough to power the continent for generations! Here's my point, there's a pressing need to shift the narrative from a reliance on aid to a focus on investment and collaboration. By reframing the focus to investment and collaboration, we can unlock the potential for natural gas to drive economic growth, energy security, and sustainable development across the continent and to support global demand for gas. This transformative approach will require collective effort, innovative thinking and strategic partnerships, the potential rewards are substantial: a brighter energy future, and a more sustainable tomorrow. Let's collaborate to: - Develop robust infrastructure for natural gas production, transportation, and distribution - Enhance access to natural gas, promoting energy security and economic growth - Foster partnerships between governments, industry leaders, and innovators to drive progress - Support the transition to a cleaner energy mix, aligning with global sustainability goals Together, we can unlock the potential of natural gas to energize Africa's future and the world! #NaturalGas #AfricaEnergy #Sustainability #Collaboration #InvestInAfrica Image courtesy: Invest in Africa Energy conference