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Angola Targets 60% Electrification by 2025 Driven by Renewables (By Verner Ayukegba)

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Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions.

DAKAR, Senegal, April 20, 2022/APO Group/ — 

By Verner Ayukegba, Senior Vice-President of the African Energy Chamber

The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to 70% by 2025. The country’s energy mix is currently dominated by hydroelectric power (56%) but also includes energy generated from natural gas (12%). As the country looks to enhance investment and development within the green energy space, the government has emphasized the role that international financial institutions and global partners will play in helping drive the country’s transition.

Angola is uniquely positioned to expand the role of its already strong hydropower sector, with estimates that out of the country´s 47 large watersheds, only 5% are currently being utilized. But hydropower is not the only renewable energy source that the southern African country is actively pursuing. Several areas in Angola benefit from particularly favorable wind conditions. For example, the wind speeds in the southern and central highlands of Angola are estimated at an average of 4.5 meters per second, which is optimal for the installation of a wide range of wind farms and turbines of various sizes. Furthermore, the area facing the Atlantic coast also benefits from strong winds and is projected to have the potential to generate more than 3.9 GW of wind energy. In this regard, and with the objective of driving renewable energy project developments, Angola is looking towards other continents such as Europe, which is home to a plethora of companies with extensive expertise in successfully executing wind energy projects and can serve as ideal partners for Angola. These include Danish manufacturer Vestas Wind Systems; Spanish electric company, Iberdrola; Spanish Renewable Energy Company, Siemens Gamesa; and Austrian independent power producer RP Global, among others.

It is worth noting, that Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future. For this reason, state owned national oil company Sonangol has started exploring the possibility of producing green hydrogen in Angola together with German partners. The German government, as well as the entire European Union (EU), is very interested in diversifying its energy needs away from Russian gas, and hence, is set to intensify collaboration aimed at developing green hydrogen in Angola.

Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future

In addition to having companies with a successful track record in renewable energy, Europe is also a partner of choice in attracting investment to help fund renewable energy projects in Angola. Some of the largest investors in wind, solar, and offshore energy projects include the Green Investment Group, Edinburgh (UK); Copenhagen Infrastructure Partners (Denmark); Qualitas Equity (Spain); Fontavis (Switzerland); Scatec (Norway); Eiffel Investment Group (France); Finerge (Portugal); Ventient Energy (UK); Wirtgen Invest (Germany) and, RP Global (Austria). These investors will be critical for Angola as it ramps up green energy developments country-wide.

Meanwhile, the EU has put in place the Africa-EU Green Energy Initiative which aims to support Angola´s decarbonization efforts as part of the cooperation program Global Europe 2021-2027. Through the initiative, the EU is mobilizing funding and technical assistance from a variety of international financial organizations such as the European Investment Bank. The goal of the initiative is to further expand renewable energy infrastructure such as power grids and interconnectors.

However, Europe is not the only potential source of funding for Angola´s renewable energy sector. In 2021, solar energy company, Power Africa, in partnership with the African Development Bank (AfDB), reached an agreement with Angola to boost the pace of electrification throughout the country in order to meet rising demand. A number of sectors in the country including telecommunications, manufacturing and mining are eager for reliable access to electricity and to reduce the utilization of fuel-oil fired generators, and institutions such as Power Africa and the AfDB have a role to play.

Additionally, Angola is looking at solar to fulfill domestic demand and drive the transition and international renewable developers are already driving development. Notably, in 2021, American renewable energy developer, Sun Africa, invested €524 million in Angola for the purpose of building the largest solar photovoltaic project in the country. The project comprises seven solar parks with a total generation capacity of 370MW for three provinces, namely, Lunde Sul and Moxico both in the eastern parts of Angola and Lunde Norte in the north-east. With Portugal-based company, MCA, leading construction, the project will be instrumental in positioning Angola as a renewable economy. Accordingly, as the country moves to exploit more of its renewable resources, international companies and financial institutions, as well as global partners, will play a significant role.

In order to ensure that the significant amounts of generated power actually reach consumers and markets at affordable and reliable rates, there still needs to be significant investments in the transmitting networks nationally and even regionally. Therein lies opportunities for investors, as the government continues to prioritize infrastructure investment in a bid to drive capital expenditure and diversification of the economy which needs affordable and reliable power.

These and many other opportunities are expected to be in the spotlight at this year’s edition of Angola Oil and Gas (AOG), scheduled to be held on November 29 and 30 and December 1, 2022. AOG 2022 represents the official conference of the Ministry of Mineral Resources, Petroleum and Gas of Angola and will bring together stakeholders from Angola’s oil and gas industry, as well as global investors and service companies interested in opportunities in Angola.

Distributed by APO Group on behalf of Energy Capital & Power.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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