Connect with us
Anglostratits

Business

Africa’s wind energy industry expected to diversify as interest to harness the continent’s wind grows (By Paul Sinclair)

Published

on

Wind Energy

More recently, natural resources and extractive industries have provided an additional driver of wind energy adoption in Africa

JOHANNESBURG, South Africa, July 14, 2022/APO Group/ — 

By Paul Sinclair, Vice President of Energy & Director of Government Relations, Africa Oil Week and Green Energy Summit Africa (Green-Energy-Africa.com)

Outside of a limited number of countries, wind turbines have remained a rare sight in Africa. But this is not for lack of potential. In 2020, a study by the International Finance Corporation (IFC) found that continental Africa possesses an onshore wind potential of almost 180,000 TWh/annum, enough to satisfy the entire continent’s electricity needs 250 times over. As the continent continues to seek ways to expand energy access, the adoption of wind as a source of energy is expected to accelerate.

Where the wind blows

So far, only Morocco, Egypt, and South Africa have been truly successful in harnessing their wind potential and attracting private capital to set up wind parks. Through its widely acclaimed Renewable Energy Independent Power Producer Procurement (REIPPP) program, South Africa has already commissioned 34 wind farms with and installed capacity of over 3.3 GW, according to the country’s IPP Office.

And this is far from over. In 2021, the South African Ministry of Mineral Resources and Energy announced 25 successful bidders under its REIPPP Bid Window 5, including 12 wind farms with a total capacity of 1,600 MW. Projects agreement for these facilities are expected to be signed before the end of 2022. The country also opened in April 2022 the REIPPP Bid Window 6, which will allocate a maximum capacity of 1,600 MW of wind, with projects ranging from 50 MW to 240 MW.

Up north, Morocco and Egypt continue to drive wind energy developments. The latter has an installed wind generation capacity of almost 1.5 GW across 13 wind farms according to its Ministry of Energy. It now expects to commission another 2 GW by 2025 with an additional 14 wind farms. 

On the other side, Egypt has seen fewer but bigger projects. Its four wind farms have a current installed capacity of 1.6 GW. The most recent one, West Bakr, was commissioned by Lekela Power in November 2021.

The role of development and multilateral finance

Across the rest of the continent, multilateral and development finance institutions (DFIs) have played a key role in supporting the emergence of the wind sector.

West Africa has increasingly harnessed its wind potential with facilities commissioned in Cabo Verde (Cabeólica, 2011), Senegal (Taiba Ndiaye, 2019), and Mauritania (Boulenouar, 2020). The projects received significant backing from the likes of the Africa Finance Corporation (AFC), the U.S. International Development Finance Corporation (DFC), and the Arab Fund for Economic & Social Development (AFESD).

They have successfully laid the ground for more projects to follow. In December 2021, the U.S. DFC notably provided funding for a feasibility study to expand Senegal’s 158.7 MW Taiba Ndiaye Wind Farm by another 100 MW.

The emergence of Africa’s hydrogen industry will also be supporting the growth of its wind sector

East Africa is also joining the game, led by Kenya. After the expansion of the Ngong facility in 2014, the country commissioned the 310 MW Lake Turkana Wind Farm in 2017 and the 100 MW Kipeto Wind Farm in 2021. The African Development Bank (AfDB) was the mandated lead arranger on Lake Turkana’s debt package and managed to attract several leading European DFIs to finance the project. On its side, Kipeto was mostly funded by the U.S. DFC. 

After its success in Cabo Verde, the AFC has moved east where it is the lead developer on Djibouti’s Red Sea Wind Power Project in Ghoubet. The 60 MW facility is now nearing completion and is the country’s very first independent power producer (IPP).

An ideal choice to cut carbon emissions

More recently, natural resources and extractive industries have provided an additional driver of wind energy adoption in Africa. Publicly listed oil & gas and mining companies seeking to decarbonize their portfolio and cut carbon emissions across their operations are indeed looking at wind.

In March 2022, Savannah Energy executed an agreement with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger to develop the country’s first wind farm. Savannah Energy, operator of some of the most prolific oil blocks in Niger, is planning to construct and operate the 250 MW facility in the Tahoua Region. The wind farm will be structured as an IPP and is currently in feasibility study. It is expected to be sanctioned in 2023 for a potential commissioning in 2025.

In Zambia, First Quantum Minerals (FQM) entered into a new partnership with Chariot and Total Eren earlier this year to develop 430 MW of solar and wind power for its mining operations. The company notably operates Africa’s biggest copper mine by production in Zambia and seeks to reduce its carbon footprint by 30% by 2025.

In South Africa, Anglo American is embarking on an even bigger project with EDF Renewables. Both companies signed a Memorandum of Understanding in March this year to work together on the development of a new regional renewable energy ecosystem (RREE). The scheme is expected to be designed to meet Anglo American’s operational electricity requirements in South Africa through the supply of 100% renewable electricity by 2030. It notably seeks to develop a network of on-site and off-site solar and wind farms with storage totaling up to 5 GW to power Anglo American’s operations.

The hydrogen opportunity

Equally important, the emergence of Africa’s hydrogen industry will also be supporting the growth of its wind sector. 

Last year, the Chariot Energy Group signed a memorandum of understanding (MoU) with the Mauritanian Ministry of Petroleum, Mines & Energy to progress Project Nour, a potential green hydrogen development of up to 10 GW. Under the MoU, Project Nour has been given exclusivity over 14,400km2 of onshore and offshore area in Mauritania where pre-feasibility and feasibility studies will be conducted to generate solar and wind power used in electrolysis to split water and produce green hydrogen and oxygen.

In Namibia, the government issued in late 2021 a notice of award to HYPHEN Hydrogen Energy, the joint-venture of Nicholas Holdings Limited and ENERTRAG South Africa (Pty) Ltd, to develop southern Africa’s first gigawatt scale green hydrogen project.

The $9.4bn scheme will be located within the Tsau//Khaeb National Park, which is amongst the top five resource rich locations in the world for co-located onshore wind and solar, according to Hyphen. The project’s full development targets 300,000 metric tons of green hydrogen production a year from 5GW of renewable generation capacity and 3GW electrolyser.

Distributed by APO Group on behalf of Green Energy Africa.

Business

ACG CEO Paulo J. Cruz to Speak at the Angola Access & Investment Conference 2026 in Luanda on How Sport and Entertainment Districts Can Drive Inclusive Economic Growth Across Africa

Published

on

ACG

Cruz joins heads of state, ministers, ambassadors, and CEOs from over 60 international markets at one of Angola’s flagship investment conferences, connecting sport infrastructure to job creation, accessibility, and sustainable development

LUANDA, Angola, October 14, 2026/APO Group/ –African Collaborations Group (ACG) (www.ACGafrica.com), the leading strategic project origination and collaboration platform focused on the industrialisation of sport in Africa through the origination of bankable sport and entertainment district ecosystems, today announced that its CEO, Paulo J. Cruz, will speak at the Angola Access & Investment Conference 2026 (AAIC) (www.aaic.ao) in Luanda, Angola, from 14 to 17 October 2026.

 




 
 

The AAIC is organised by Expo Connect Angola in partnership with Skyliam Properties, the Cópia Group, and Angolan Business Beyond Borders, with the support of the Angola-Mozambique Chamber of Commerce and Industry (CCIAM) and the Angolan Ministry of Tourism and the Ministry of Telecommunications, Information Technologies, and Social Communication. The conference brings together heads of state, ministers, ambassadors, CEOs, investors, development banks, and business leaders from over 60 international markets.

Mr Cruz will address how ACG’s origination of integrated sport and entertainment districts contributes directly to inclusive economic growth. His intervention will focus on how sport infrastructure, when designed as a financially self-sustaining urban ecosystem, becomes a catalyst for large-scale job creation, skills development, accessible infrastructure, and long-term economic diversification.

Sport infrastructure has the power to be one of the most inclusive economic assets a country can build

The AAIC’s focus on accessibility and inclusion aligns directly with ACG’s approach to sport and entertainment district development. A Victory District™ is designed from inception to serve the widest possible community: creating permanent employment across dozens of professions, providing professional sport training facilities for young athletes, and generating economic activity that benefits surrounding neighbourhoods year-round.

“Sport infrastructure has the power to be one of the most inclusive economic assets a country can build,” said Paulo J. Cruz, CEO of ACG. “A Victory District™ does not just create stadiums. It creates thousands of permanent jobs, from hospitality to broadcast production, from sport coaching to facility management. It creates training pathways for young athletes. And it creates an urban ecosystem that generates economic activity 365 days a year. That is inclusive growth in practice, not in theory. I am honoured to share that vision at the AAIC alongside some of Africa’s most influential investors and decision-makers.”

The AAIC programme includes official MoU signing ceremonies, B2B investment rounds, VIP executive networking with senior government and business leaders across 10 dedicated Business Lounges, and the inauguration of Angola’s first assistive technology factory. The conference covers priority sectors including energy, mining, accessible tourism, agriculture, logistics, health, and infrastructure.

ACG’s Victory District™ framework is designed to originate integrated, mixed-use sport and entertainment districts that move beyond single-venue development models. Each district combines stadiums, indoor arenas, training academies, hotels, conference centres, retail, entertainment, residential, and commercial space within a single masterplanned development, financed by private and institutional capital without reliance on public subsidy.

Mr Cruz brings more than 28 years of experience across Africa, the Middle East, and Europe in originating, structuring, and delivering large-scale infrastructure, urbanisation, and real estate development initiatives. Prior to ACG, he served as Senior Vice President at DAMAC Group, the largest private real estate developer in the Middle East, and as Group CEO of LandAfrique, a pan-African development platform focused on industrial parks, infrastructure, housing, and power projects across Sub-Saharan Africa.

Distributed by APO Group on behalf of African Collaborations Group (ACG).

 

 




 

Continue Reading

Business

Venezuelan Oil and Gas Opportunities Take Center Stage at African Energy Week (AEW) 2026

Published

on

Venezuela

The country is promoting new hydrocarbons contracts, upstream and refining opportunities, and technical partnerships with Africa to attract investment and strengthen local energy sector capabilities

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –Venezuela is seeking to attract international investment into its oil and gas sector while building stronger energy partnerships with African countries. Revised hydrocarbon legislation offers new entry routes for private operators, while cooperation on technical training could help African markets draw on Venezuela’s industry expertise. These opportunities featured at the Venezuela Global Investment Forum during African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ricardo Gomez, Venezuela’s Vice Minister of Commercial Policy, outlined the country’s investment proposition, highlighting 303 billion barrels of proven oil reserves and 193 trillion cubic feet of natural gas.

“Venezuela combines a large hydrocarbon resource base with refining infrastructure and a market that needs reliable energy,” he said. “The opportunities extend from upstream projects to downstream and refining.”

The country’s amended Organic Hydrocarbons Law introduces new ways for international companies to enter the market. Hydrocarbon production participation contracts allow private operators to manage designated assets, oversee operations and market production under negotiated terms. Agreements can extend for 25 years, offering a longer investment horizon for field development and rehabilitation.

Restructured joint venture companies provide another route, retaining majority state ownership while allowing international partners to take on operational responsibilities through approved agreements. Direct ministerial contracts and strategic alliances offer additional opportunities in field redevelopment, oilfield services and infrastructure.

Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive

Potential investments span heavy-oil production in the Orinoco Belt, mature onshore fields, offshore gas, pipeline rehabilitation, export terminals and refinery upgrades. Venezuela’s target of signing 105 definitive oil contracts by year-end reflects its wider effort to attract operators and accelerate project development.

Scott Gilbert, CEO and Executive Director of Corcel Plc and Non-Executive Chairman of Apertura Energy, highlighted investor interest in the changing regulatory environment. “Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive,” he said.

Alongside these commercial opportunities, Venezuela is promoting its technical expertise through the Venezuelan University of Hydrocarbons (UVH). Celia Bejarano, the university’s President, explained how the institution trains engineers and geologists in geophysics, reservoir engineering, well management, natural gas and petrochemicals.

“The Venezuelan University of Hydrocarbons was created to deliver a specialized institution where the country can train its own recruits to develop its own premier resources,” Bejarano said.

Through its Africa-Venezuela Energy Partnership with the African Energy Chamber (AEC), UVH is advancing technical training, knowledge exchange and workforce development. The initiative could help African energy projects apply Venezuela’s experience in heavy-oil production and offshore engineering while strengthening local capabilities. Rene Awambeng, founder and managing partner of Premier Invest, highlighted this opportunity for African developers.

“When we are developing our assets here, we always import talent,” he said. “With the Venezuelan University of Hydrocarbons, we can actually leverage Venezuela’s immense experience to support local content development here in Africa.”

Also speaking during the discussion, NJ Ayuk, Executive Chairman of the AEC, emphasized the strategic value of closer ties between the regions. “Our energy industry has an amazing ally in Venezuela,” he said, describing the country as “open for business and ready to partner with Africa.”

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Business

Sonangol Cites Commitment to Privatization as Company Charts Next Growth Phase

Published

on

Katambi

Katambi-2 appraisal, infill drilling and downstream construction frame the national oil company’s priorities as it marks its 50th anniversary

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –Angolan National Oil Company Sonangol is advancing plans for an initial public offering (IPO) while expanding its upstream portfolio and investing in Angola’s domestic refining capacity, as the national oil company charts its next phase of growth following its 50th anniversary in 2026. Speaking at the opening ceremony of African Energy Week (AEW) 2026, Executive Board Member Osvaldo Inácio reaffirmed the company’s commitment to privatization, alongside efforts to increase production, progress new developments and translate Angola’s oil and gas resources into broader economic growth.

 




 
 

 

“We want to make sure that we do it in a way that, when you buy your shares, you are happy with the performance of those shares. We are doing the internal work required to make sure that when we get to that point, it’s a successful story,” he said.

We want to make sure that we do it in a way that, when you buy your shares, you are happy with the performance of those shares

Sonangol’s 50th anniversary comes as Angola’s NOC develops opportunities across exploration, producing assets and domestic processing. Its next investment phase requires capital and technical partners to turn appraisal results into developments while delivering refinery infrastructure and expanding the value retained from Angola’s oil and gas production.

“We are thinking about what the next 50 years will be like, focusing on producing to transform. We are not only looking at managing resources but how we translate those resources into overall development in the country,” he said.

Sonangol’s September account of its Katambi-2 work in Block 24 described a completed formation test in a non-associated gas reservoir, providing further evidence for assessment of the field’s development potential. In its producing portfolio, the company and its partners also reported approximately 100 meters of net oil pay at PAC 416 in Block 3/05, as part of a program intended to increase operated production. The results give Sonangol a technical basis for future investment, while appraisal, development design and commercial arrangements remain necessary steps.

“If you look at our portfolio, we have both operated and non-operated assets. The focus is on making sure we are doing everything we can to make sure those assets are still producing at the highest rate possible. New developments such as Block 3/05 are advancing. We are also part of Kaminho with TotalEnergies,” Inácio shared.

Downstream, Angola’s government reported in September that the Lobito refinery was approximately 26% physically complete, with around $1.6 billion invested and completion envisaged for 2029. A potential petrochemical complex was under study. Alongside Cabinda’s initial 30,000-bpd refining phase, Lobito gives Sonangol’s diversification program a concrete industrial focus, with financing, construction progress and product marketing central to the next stage.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Trending