COP27 provides a once-in-a-generation opportunity to lay foundations for Africa’s clean energy future – finds Wärtsilä report
The climate change conference COP27[1] offers a unique opportunity to increase energy access and lay the foundations for decarbonisation across Africa, but wealthy nations must deliver on their climate finance pledges to unlock the continent’s potential, according to a new report. ‘Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system modelling of three […]
Petronas Exploring $3 Billion African Upstream Asset Sale
Petronas could sell its Egyptian upstream assets as it looks to offload part of its African portfolio: Malaysian oil firm Petroliam Nasional Berhad (Petronas) is inviting bids for its upstream assets in Africa — including its local concessions — in a transaction that could be worth up to USD 3 bn, Bloomberg reports, citing sources it says has knowledge of the […]
Elsewedy Electric eyes $1.5 billion investment in African renewables this year
Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal. Nothing is set in stone: Elsewedy cautioned that the group’s future plans are still under consideration, adding that no commitments have yet been signed. The push comes as […]
Tullow Oil, Capricorn Energy agree to merge in all-share combination
Tullow Oil and Capricorn Energy PLC have agreed to merge in an all-share combination, Tullow Oil said in a June 1 announcement. The combine would result in a diversified pan-African upstream portfolio underpinned by low-cost producing assets, with a deep portfolio of incremental high-return investment opportunities in Ghana, Egypt, Gabon, and Côte d’Ivoire, Tullow said. […]
TAQA Arabia acquires Rosetta Energy’s LNG Arm to unlock LNG Market growth in Egypt & Africa
TAQA Arabia, the full-service energy and utility distribution market leader in Egypt, announced the acquisition of Rosetta Energy’s LNG arm to expand its business portfolio in Egypt, Africa and the Middle East. Rosetta is an international energy developer and operator focused on developing the full LNG value chain to supply industrial, commercial, and residential customers […]
OPED: Africa can adopt renewable energy on a massive scale and save billions along the way
Oped by Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and […]
Ecomondo and Key Energy 2021 focus on global environmental challenges; The green industry gathers in Rimini (Italy).
“Africa Green Growth”, a networking platform between African institutions and EU green companies, will be inaugurated by IEG’s CEO, Corrado Peraboni; an international perspective of energy cogeneration and sector development in 150 events from 26th to 29th October. From 26th to 29th October 2021, in Rimini (Italy), 220 operators from countries in Africa, the Mediterranean and sub-Saharan shores, the Balkan Peninsula, Eastern Europe, Russia, the United […]
IEG’s Ecomondo, Key Energy 2021 focus on green challenges of Africa, Europe
African embassies and companies, associations and buyers from Europe and Africa have confirmed their interest, an enrichment of know-how and tangible business opportunities. A driving force for environmental business and an ecological transition accelerator: four days of business and know-how exchange with top experts from the European Commission, innovators, international and national authorities, the world […]
Actis to double energy investments in Egypt, Africa in 5 years
Emerging markets private equity giant Actis aims to double its energy investments in Egypt and other African countries to USD 2 bn within five years, Lisa Pinsley, head of Africa energy infrastructure at the company, told Bloomberg. Actis hopes to sign agreements for six energy projects on the continent this year, and invest between USD […]
Rystad: Egypt on track to become Africa’s ‘green powerhouse’ by 2025
Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025 Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another […]
