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Top Solar Developments in the MSGBC Region in 2022/23

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Solar

While the region’s oil and gas landscape has seen accelerated progress, the respective nations of the MSGBC region have been correspondingly targeting widespread solar deployment in a bid to bolster electrification efforts

NOUAKCHOTT, Mauritania, March 6, 2023/APO Group/ — 

In the past year, the MSGBC region has been driving an ambitious energy expansion agenda backed by energy security, affordability and energy independence targets.

While large-scale oil and gas developments are set to come online this year – such as the 100,000 barrel per day Sangomar oil development and the 2.5 million tons per annum Greater Tortue Ahmeyim gas project – promise advances in fuel security, progress across the renewable sector has opened new opportunities for widespread electrification on the back of solar.

New Projects Improve Energy Access

Eager to capitalize on the significant solar potential available across the region, MSGBC nations have been driving a series of solar projects over the recent year. In 2022, Senegal launched a 23 MW solar plant 40km outside of the capital city of Dakar, which is expected to save state utility, Senelec approximately $2.7 million per annum in fuel costs over the project’s 25-year lifespan.

In Mauritania, British energy major bp signed a Memorandum of Understanding with the government for the research and development of the rollout of green hydrogen, including the assessment of the country’s solar resources to produce green hydrogen. The year 2022 also saw Mauritania inking a Framework Agreement for the $40 billion AMAN green hydrogen project – targeting 12 GW of solar and 18 GW of wind – as well as the completion of the pre-feasibility study for the Project Nour green hydrogen facility, which includes 3 GW of solar.

While the world expects up to 600 GW of new solar capacity to be added in the next five years, Africa continues to receive merely 2% of global investments

Advancements in Local Content

Local content has been made a priority across the MSGBC region’s solar space, with nations pushing for the training of technicians and scaling up of the local workforce in this industry. In August 2022, Senegalese subsidiary of German consulting group, Gauff Engineering, saw 247 Senegalese students graduate a five-day intensive solar operations, maintenance and remote supervision course. These qualified trainees are to lead in the delivery of stand-alone solar power mini-grids to 300 rural villages, bringing electricity to 20,000 households.

Integrating Solar Across Sectors

In addition to power generation projects, the MSGBC region has been integrating solar systems with other sectors of the economy. On the agriculture front, both Senegal and Guinea-Conakry introduced solar irrigation pumping systems (SIPS) to replace traditional diesel generators. Projects launched last year include GreenTec’s 50kWp solar facility – powering treatment and desalination for a 2,000 liter per hour drinking water supply in Senegal ­– Enda Tiers Monde’s community SIPS installations, supplying 400 market gardeners with water in Senegal; the Bonergie irrigation project, comprising 2,000 pumps and 500 drip irrigation systems, among others.

On the mining side, Canadian gold mining company Kinross invested $55 million in the solar to power its Tasiast mine in Mauritania. As the mining industry expands regionally, players are expected to turn their attention to solar to power operations.

Despite representing a relatively new sector, the MSGBC solar market is set to witness significant growth as new players flock to the region, governments intensify electrification efforts and new investment flows into the market due to energy transition-related capital trends.

Yet, while the world expects up to 600 GW of new solar capacity to be added in the next five years, Africa continues to receive merely 2% of global investments. As such, the upcoming MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/41ZJ550) – taking place in Mauritania from November 21-22 – will position the region as the destination of choice for foreign investment, while subsequently, inviting new players to connect with regional energy opportunities. With the region celebrating first oil and gas production this year, the conference will drive the conversation on what happens next, and how the region can better position itself as a global renewable energy hub with the adoption of technologies such as solar.

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

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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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