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Making Universal Energy Access Africa’s Top Climate Priority (By Rolake Akinkugbe-Filani)

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Rolake Akinkugbe

By Rolake Akinkugbe-Filani – CEO, EnergyInc Advisors (www.EnergyIncAdvisors.com) /Global Energy Finance and Strategy Leader 

With COP30 underway in Belém, Brazil, the global community is once again confronted with the urgency of climate action. For Africa however, the conversation must begin with a more fundamental question: how do we power the continent so that climate ambition does not outpace development reality?

While advanced economies frame climate progress around how quickly they can retire fossil fuels, Africa’s challenge is more foundational. Millions still lack reliable electricity. Without power, factories cannot operate, digital economies cannot thrive, and essential services – from hospitals to schools – remain constrained. Energy access is not merely a development aspiration. It is the bedrock upon which climate adaptation, resilience, and long-term economic transformation rest.

A transition that must be sequenced, not rushed

Africa’s clean energy potential is undeniable; abundant solar irradiation, strong wind corridors, hydro resources and world-class geothermal prospects. But potential alone will not close the energy gap. Grid constraints, weak storage systems, and limited industrial-scale capacity mean the transition must be phased and sequenced.

Renewables cannot shoulder the entire burden today. Managed, time-bound use of transitional fuels, including natural gas, remains essential to stabilising grids, supporting industry, and powering cities. This is not a call for indefinite fossil fuel dependence, but for a pragmatic pathway that allows Africa to scale clean energy without undermining growth.

Africa’s priorities at COP30: clarity and ambition

Africa produces less than 4 percent of global emissions but absorbs a disproportionate share of the climate fallout, droughts, floods, food insecurity, and displaced communities. Yet climate finance flows to the continent remain slow, fragmented, and heavily skewed toward mitigation rather than the adaptation Africa urgently needs.

African governments and their partners must weave energy access into the heart of climate policy

At COP30, Africa’s message is focused and uncompromising (https://apo-opa.co/4psssKd):

  • A new global climate finance target: no less than $1.3 trillion annually by 2030, with a significantly higher share allocated to adaptation, resilience and concessional finance.
  • A fully operationalised Loss and Damage Fund, designed to deliver predictable, timely support without adding to Africa’s debt burdens.
  • A just and inclusive energy transition, one that recognises Africa’s right to industrialise, create jobs and expand access while lowering emissions in a responsible and realistic way.
  • Recognition of Africa’s natural ecosystems –  forests, mangroves, peatlands – as global public goods, deserving of sustained financing and market mechanisms that reward their stewardship.

 

 

Universal energy access must be the anchor of Africa’s climate roadmap

African governments and their partners must weave energy access into the heart of climate policy. This means scaling renewable energy investments, strengthening grids, reforming utilities, and designing transition pathways that reflect Africa’s demographics, industrial goals, and financing constraints.

Transitional fuels will continue to play a bridging role, but with transparent timelines and a clear strategy for shifting to cleaner sources as infrastructure matures. What Africa needs is not a binary choice between fossil and renewable, but a plan that delivers power where it is needed most, reliably, affordably, and sustainably.

Because as the world races toward net zero, the continent cannot remain energy-poor. A climate strategy that does not lift African households, clinics and schools out of energy poverty is neither just nor durable.

At COP30, the message must be unmistakable, it is that Africa’s development cannot be deferred, and energy access is central to that vision. A fair global climate future begins with a lit Africa, one where power enables productivity, resilience, and opportunity for all.

Driving Africa’s energy future through homegrown solutions

Africa’s transition will not be unlocked by ambition alone; it will be unlocked by sequencing and by capital. The continent cannot afford a transition model that demands synchronisation with wealthier economies while our grids remain weak and our capital systems under leveraged. With over $900 billion in pension, insurance, and sovereign assets, Africa holds significant pools of domestic capital that remain largely absent from energy infrastructure. The real opportunity now is to finance Africa’s transition with Africa’s money, in the right order: strengthen grids, scale renewables, and phase out transitional fuels as capacity deepens.

A transition that is both sequenced and self-financed is not only more realistic; it is the most sustainable path to universal energy access and long-term climate resilience.

Distributed by APO Group on behalf of EnergyInc Advisors.

Energy

Venezuela Energy Week 2026 Opens Upstream Asset Pipeline with New Farm-In/Farm-Out Forum

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The forum will showcase a curated pipeline of oil and gas assets seeking partners, providing direct access to acreage, producing fields and development opportunities across Venezuela

CARACAS, Venezuela, June 23, 2026/APO Group/ –Venezuela Energy Week 2026 will introduce a dedicated Farm-In/Farm-Out Forum, establishing a focused platform for upstream asset transactions and partnership formation as Venezuela continues to reposition itself within the global oil and gas investment landscape.

The forum will be structured around a curated portfolio of assets, with operators, license holders and state entities presenting defined upstream opportunities – ranging from producing fields and brownfield redevelopment projects to undeveloped blocks and offshore gas prospects – to a targeted audience of companies seeking entry, expansion or strategic participation in Venezuela’s energy sector.

The initiative reflects Venezuela’s ongoing recalibration of its upstream strategy, as the country prioritizes production growth and the attraction of technical and financial partners capable of supporting recovery across its oil and gas base. With partnership-led development now central to sector expansion, farm-in and farm-out structures are increasingly being used to unlock value across both mature assets and new developments.

“Venezuela’s upstream sector is increasingly defined by partnership structures rather than standalone development,” said James Chester, CEO of Energy Capital & Power. “This forum reflects that shift by bringing defined assets to market and aligning them with the technical and financial partners needed to advance them.”

This forum reflects that shift by bringing defined assets to market and aligning them with the technical and financial partners needed to advance them

The forum is expected to highlight a broad spectrum of asset categories across the country’s key producing regions. In the Orinoco Belt, opportunities will focus on improving recovery from heavy oil fields through enhanced production techniques and technology deployment. In western Venezuela, mature assets present redevelopment potential aimed at near-term output gains. Meanwhile, offshore and eastern gas developments continue to attract interest as Venezuela strengthens its role in regional gas monetization and supply.

Participants will engage directly with asset owners through structured presentations and closed-door discussions centered on deal terms, equity participation, operatorship models and phased development strategies. The format is designed to move beyond general discussion toward transaction-oriented engagement tied to specific assets.

Importantly, the forum reflects broader changes in global upstream investment behavior, where companies are increasingly favoring phased entry strategies and farm-in structures to manage risk while establishing operational presence in new or re-emerging markets. Venezuela’s evolving investment environment – characterized by high resource potential and expanding partnership frameworks – aligns closely with this approach.

Venezuela Energy Week 2026 will take place in Caracas from October 26–29, bringing together government leaders, operators, investors and service companies to advance dialogue and investment across the country’s energy sector.

The VEW 2026 Farm-In/Farm-Out Forum is now open for asset submissions and participation requests from operators, license holders and investors.

  • Submit upstream assets for farm-in or farm-out consideration
  • Register as an investor or upstream partner
  • Engage directly with the VEW upstream team

Submit Submissions Here (https://apo-opa.co/4xJwh2t)

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

 

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Daystar Power Reaches Nearly 7 Megawatts of Installed Solar Capacity Across Four Nestlé Facilities in West Africa

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The four sites, two in Abidjan, one in Tema, and one in Dakar, are all fully operational, with each system designed around the specific grid and operational profile of its location

SURULERE, Lagos, June 23, 2026/APO Group/ –Daystar Power Group (www.Daystar-Power.com) has expanded its energy partnership with Nestlé across West Africa, with solar installations now operational at four manufacturing facilities spanning Côte d’Ivoire, Ghana, and Senegal. The deployments bring the total installed capacity across Nestlé’s sites to 6,884 kWp, nearly 7 megawatts, making it one of the largest commercial and industrial solar partnerships in the region.

 

The four sites, two in Abidjan, one in Tema, and one in Dakar, are all fully operational, with each system designed around the specific grid and operational profile of its location.

Nearly 7 megawatts across four Nestlé facilities is a number we are proud of, but what it represents matters more than the figure itself. It means that one of the world’s most demanding manufacturers has tested our model, trusted it, and come back. Our job now is to keep earning that, across every market where industry needs energy it can count on.

Yischai Beinisch, CEO, Daystar Power Group

Nearly 7 megawatts across four Nestlé facilities is a number we are proud of, but what it represents matters more than the figure itself

From One Site to Four Sites

The partnership began with a single commissioning and expanded to span three countries and four facilities. In Côte d’Ivoire, Daystar Power has delivered 3,447 kWp across two Abidjan sites. In Ghana, a 2,547 kWp system powers Nestlé’s Tema factory. In Senegal, an 890 kWp installation operates at the Dakar facility.

Each system is sized and configured to deliver measurable environmental and social impact, including reduced greenhouse gas emissions and improved energy resilience. The design is tailored to the operational and grid conditions at each location, ensuring reliable clean energy access while supporting local development and aligning with Nestlé’s publicly stated net zero commitments.

This investment reflects our commitment to building a business that not only grows but does so responsibly. By advancing solar energy projects in Ghana, Côte d’Ivoire, and Senegal, we are embedding sustainability into our growth, reinforcing our role as a force for good, creating long-term value for communities, and ensuring that our footprint actively contributes to a cleaner, more resilient future.”

Samer Chedid, CEO, Nestlé Central and West Africa Region.

A Footprint That Keeps Growing

Nestlé’s manufacturing presence extends across West Africa, including markets where Daystar Power has its deepest operational roots. With a delivery record now spanning three countries and nearly 7 megawatts of installed capacity, the infrastructure and the relationship are in place to support what comes next.

Distributed by APO Group on behalf of Daystar Power.

 

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Energy

Venezuela Energy Week 2026 Launches High-Impact Deal Room to Accelerate Energy Investment and Transactions

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The Deal Room will bring together investors, operators and project developers in a structured platform designed to unlock capital, facilitate transactions and drive commercial partnerships across Venezuela’s energy sector

CAPE TOWN, South Africa, June 23, 2026/APO Group/ –Venezuela Energy Week 2026 has announced the launch of its Deal Room, a dedicated transaction-focused platform designed to facilitate investment, strategic partnerships and project financing across Venezuela’s evolving energy sector.

 

Taking place alongside the event in Caracas from October 26–29, the Deal Room will convene government representatives, national and international oil companies, investors, private equity firms, financial institutions, service providers and project developers within a structured environment focused on accelerating deal-making.

 

The platform moves beyond traditional networking formats, operating instead as a curated commercial interface where stakeholders engage directly on defined investment opportunities across upstream oil and gas, natural gas monetization, refining, downstream infrastructure, energy services and emerging technologies.

 

The launch comes amid renewed momentum in Venezuela’s energy sector, as the country continues efforts to rebuild production capacity and attract international capital into one of the world’s most resource-rich hydrocarbon basins. With the largest proven oil reserves globally and significant natural gas potential, Venezuela remains a focal point for international energy investors assessing re-entry and expansion opportunities.

 

Recent developments highlight growing engagement across the sector. PDVSA has strengthened cooperation with international partners including Repsol, following agreements to increase production and optimize operations at key assets such as Petroquiriquire. In parallel, Shell, Eni, Chevron and SLB have advanced collaboration frameworks spanning offshore gas developments, heavy oil production and operational modernization initiatives aimed at improving efficiency and output.

The Deal Room has been designed to turn interest into structured investment outcomes

 

These developments reflect a broader shift toward partnership-led development models in Venezuela’s upstream sector, with joint ventures, production-sharing structures and technical collaborations increasingly central to unlocking value across mature and undeveloped assets.

 

“The Deal Room has been designed to turn interest into structured investment outcomes,” said James Chester, CEO of Energy Capital & Power. “It creates a focused environment where capital providers, operators and project sponsors can engage directly on opportunities and move conversations toward execution.”

 

Participants will gain access to a structured meeting program enabling direct engagement with asset owners, operators, government officials and financing partners. The platform will support a range of commercial outcomes, including equity participation, asset acquisitions, joint ventures, service agreements and offtake arrangements.

 

With interest in Venezuela’s energy sector continuing to grow, the Deal Room is positioned as a dedicated mechanism for aligning capital with opportunity and accelerating the path from engagement to transaction.

 

Participate in the VEW 2026 Deal Room
Companies interested in participating in the Deal Room – including project submissions, investment opportunities or partnership inquiries – can apply or get in touch via the official Venezuela Energy Week platform.

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

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