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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.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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