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 […]
Hybrid solutions are 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 – 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 […]
Egypt in talks with investors, traders to develop EuroAfrica electricity link
SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened talks with European infrastructure investors and energy traders to join it in investing in the EuroAfrica transmission link and import electricity from Egypt, CEO Ayman Soliman tells Bloomberg. Egypt signed on to the USD 4 […]
How Egypt banks on renewables to meet expected surge of energy demand: Op-Ed by Toufik Khitous, Wärtsilä Energy Business
Op-ed, By Toufik Khitous, Business Development Manager for North Africa, Wärtsilä Energy Business. To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic? Egypt’s population has now passed 100 million. As one […]
Without flexibility, Africa’s energy revolution will not take place: Op-Ed by Ville Rimali, Wärtsilä Energy Business
Without flexibility, the energy revolution in Africa will not take place: Op-Ed by Ville Rimali, Director, Growth & Development Africa & Europe, Wärtsilä Energy Business It is no longer disputable that the energy transition integrating renewable energies into the grid is a reality that is unfolding globally. This can be observed at different rates and […]
Frontier LIVE to Showcase Somalia’s First Offshore Licensing Round
Frontier is pleased to announce that H.E Abdirashid Mohamed Ahmed, Minister of Petroleum & Mineral Resources of the Federal Republic of Somalia will join Frontier LIVE next week in a unique interactive session on this exciting, emerging play in East Africa; Somalia’s First Offshore Licensing Round. Seven blocks are on offer in the country’s offshore. The country offers a “highly prospective frontier […]