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ENGIE partners with CarbonClear to finance the access to energy challenge in Africa through the Voluntary Carbon Market

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Voluntary Carbon Market

This partnership will provide measurable carbon finance to impactful solar off-grid deployments throughout the marginalised areas of the world where ENGIE Energy Access operates

BRUSSELS, Belgium, March 21, 2023/APO Group/ — 

A landmark partnership was signed today to foster the sustainable development and access to energy financing in Africa through the Voluntary Carbon Markets.

ENGIE Energy Access (https://ENGIE-EnergyAccess.com) — one of the leading off-grid providers in Africa, ENGIE Global Energy Management & Sales (GEMS) (https://GEMS.ENGIE.com) – the energy management and sales division of the ENGIE Group, and CarbonClear (https://www.CarbonClear.earth) – a data-driven and innovative carbon offset certification company, will partner in a pioneer agreement to accelerate the use of climate finance by the off-grid sector in sub-Saharan Africa through issuing and selling data-driven and impactful carbon credits.

Under the terms of the agreement, CarbonClear will be using its innovative and fully digital model to certify the carbon offset generated from the solar kits distributed by ENGIE Energy Access to rural and off-grid communities living in sub-Saharan Africa.

ENGIE GEMS will then assist ENGIE Energy Access in selling these credits to climate-conscious organisations wanting to offset their greenhouse gas emissions with projects that have a high social and environmental impact. The partnership targets to issue 500.000 tCO2e of offsets.

With this pivotal agreement, we ambition to contribute as a leader in the sector to catch-up while exploiting to its full potential the 2 billion USD Voluntary Carbon Market (VCM)

“Achieving the UN Sustainable Development Goal 7 of a universal access to energy by 2030 is largely falling behind. With this pivotal agreement, we ambition to contribute as a leader in the sector to catch-up while exploiting to its full potential the 2 billion USD Voluntary Carbon Market (VCM). Thanks to increasing traditional and, in this specific case, alternative funding means we will meet our target to impact 20 million people by 2025.” said Gillian-Alexandre Huart, CEO of ENGIE Energy Access.

“Carbon credits are an important lever to optimize the affordability of our products. We are therefore excited that the partnership with CarbonClear will enable us to mobilize additional climate finance and accelerate our growth” declared Steven Fleurus, Head of Finance at ENGIE Energy Access.

Vincent Verbeke, Excom member at ENGIE GEMS comments : “By leveraging on the efficiency and transparency of digital tools, the CarbonClear platform provides robust and transparent evidence of the environmental benefits ENGIE Energy Access brings to rural African communities and provides a unique opportunity for corporates to participate by purchasing carbon credits.”

Through an IT integration between CarbonClear and MySolGo, the last-mile distribution software used by ENGIE Energy Access to monitor its PAYG operations, Micro Carbon Avoidances (MCAs) are created, which are made available to corporate buyers wishing to compensate for their CO2 footprint. The carbon calculations applied are based on the established UN Clean Development Mechanism (CDM) methodology, and are third-party verified by DNV.

“This partnership with ENGIE Energy Access and GEMS happens at a time when a number of global initiatives are exploring ways of strengthening the integrity of the voluntary carbon market, as well as its liquidity. By scaling CarbonClear’s proven data-driven model, this partnership will provide measurable carbon finance to impactful solar off-grid deployments throughout the marginalised areas of the world where ENGIE Energy Access operates.” said Karim Jabbar, CEO and co-founder of CarbonClear.

This timely initiative responds to an emergency situation. Due to the Covid crisis and demographic evolution, the number of people living without access to electricity is now worsening, impacting 600 million people in Africa alone. Even more alarming, the Off-Grid Solar Market Trends Report 2022 published by GOGLA is even anticipating that this figure will stall throughout the end of this decade, if the sector does not receive additional funding. As such, the World Energy Outlook estimates that an additional 26 billion dollars per year are required to meet SDG7.

The recently launched Africa Carbon Market Initiative (ACMI) during the COP27 highlighted the important role the Voluntary Carbon Market could and should play in addressing this situation. It builds on the observation that access to energy companies face significant difficulties to mobilise funding from the VCM due to inadequate validation and certification methodologies and particularly long lead times. 

Distributed by APO Group on behalf of Engie Energy Access.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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