G20 Leaders Agree To Triple Total Renewable Energy Capacity By $4 Trillion Annual Investments Until 2030

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G20 leaders have agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. The Group in a declaration cited a joint report between IRENA and India’s G20 Presidency, titled “Low-Cost Financing for Energy Transitions”, which estimates a need for over USD 4 trillion in annual investments by 2030. According to IRENA’s “World Energy Transitions Outlook 2023”, released earlier this year in June, the world needs to triple global renewable power capacity to just over 11.000 GW by 2030 to maintain the possibility of limiting global warming to 1.5°C. The agreement taken by G20 supports this objective. “The adoption of a renewable energy target aligned with the goals of the Paris Agreement is a significant milestone for the energy transition,” said IRENA Director-General Francesco La Camera. “Over the past decade, thanks to rapidly falling costs, renewable energy has emerged as the most cost-effective energy solution for meeting the growing needs of global populations while simultaneously combating climate change.” “IRENA is proud to have played a role in the G20’s decision to adopt this target. We will maintain close collaboration with our member countries to deliver on this ambition,” he added.” La Camera stressed the importance of building on this political momentum as the world prepares for COP28 emphasising that an ambitious action agenda that is inclusive of both developed and developing countries at COP28 will be essential to addressing the climate challenge. IRENA’s “Low-Cost Financing for Energy Transitions” report, developed in close collaboration with India’s Ministry of New and Renewable Energy (MNRE), provides a toolbox to increase the availability of low-cost capital in G20 countries and beyond.   Source: https://energynewsafrica.com

BP CEO Resigns Over Past Relationships With Colleagues

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The Chief Executive Officer of oil and gas giant, BP, Mr. Bernard Looney has resigned with immediate effect. The company has revealed this in a statement on Tuesday, September 12, 2023. Looney’s surprise resignation came after allegations of personal relationships with company colleagues surfaced recently, prompting the company to launch an investigation. According to BP, Looney admitted in the course of the investigation that “he was not fully transparent in his previous disclosures.” He did not provide details of all relationships and accepted he was obligated to make more complete disclosure. BP said its board in May 2022 received and reviewed allegations, with the support of external legal counsel, relating to Mr. Looney’s conduct in respect of personal relationships with company colleagues. “During that review, Mr. Looney disclosed a small number of historical relationships with colleagues prior to becoming CEO. “No breach of the Company’s Code of Conduct was found. However, the Board sought and was given assurances by Mr. Looney regarding disclosure of past personal relationships, as well as his future behavior,” BP said. Further allegations of a similar nature were received recently, said BP, and the company began an investigation, which is ongoing. BP said it has strong values and the Board expects everyone at the Company to behave in accordance with those values. ”All leaders in particular are expected to act as role models and to exercise good judgment in a way that earns the trust of others. “No decisions have yet been made in respect of any remuneration payments to be made to Mr. Looney,” BP concluded. Looney, 53, is to be replaced by Murray Auchincloss, the oil major’s chief financial officer, “on an interim basis”.  

Kenya: IRENA, AUDA- NEPAD Join Forces To Advance Regional Interconnections In Africa

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The International Renewable Energy Agency (IRENA) and the African Union Development Agency (AUDA-NEPAD) signed an agreement aimed at supporting African countries in their efforts to achieve the African Union’s Agenda 2063 and the United Nations Sustainable Development Goal 7 to ensure access to affordable, reliable, sustainable and modern energy for all. The agreement was signed by IRENA Director-General Francesco La Camera and AUDA-NEPAD CEO Nardos Bekele-Thomas on the margins of Africa Climate Week in Nairobi recently. “Acknowledging that 80% of the global population without access to electricity resides in Sub-Saharan Africa, it is evident that the existing energy infrastructure cannot adequately meet the continent’s needs,” stated Mr. La Camera. “The creation of a more equitable energy system – one that leverages a diverse mix of Africa’s abundant renewable resources – is dependent upon a more interconnected, flexible and reliable power grid in the region. This partnership serves as a pivotal step toward achieving that objective.” Commenting AUDA-NEPAD CEO Ms. Nardos Bekele-Thomas underscored the findings of the Continental Power Systems Masterplan (CMP), designed to provide a strategic roadmap for connecting Africa’s five power pools, emphasising the critical need for immediate and proactive measures in Africa’s electricity sector. She highlighted that, “the current business as usual trajectory falls significantly short of achieving universal electricity access by 2040, necessitating a substantial increase in investments to elevate the continent’s installed capacity from 266GW to approximately 1,218GW. To realise this ambitious target, an estimated USD 1.29 trillion in cumulative investments will be essential, potentially culminating in the establishment of a robust continental electricity market valued at USD 136 billion by 2040. It is imperative to take urgent and strategic actions to accomplish these transformative goals.” The continued investments in cross-border transmission infrastructure and a deepening of electricity trade will allow African countries to accelerate their energy expansion and transition by sourcing electricity from a wide range of competitive, clean energy resources, by anchoring on the continent’s five power pools to create Africa’s Single Electricity Market. Since 2021, IRENA, in partnership with other organisations, has supported AUDA-NEPAD and African stakeholders in developing the CMP through modelling activities and a series of capacity-building activities related to energy planning in the region. The CMP aims to establish a long-term, continent-wide planning process for power generation and transmission that involves all five African power pools. It maps out how to best to utilise the vast renewable energy resources across the continent, supporting national power strategies that consider cross-border interconnections as a vital component. The next phase of CMP will include a special focus on strengthening the planning processes and accelerating the preparation of a bankable pipeline of priority projects at both the regional and country levels. This brings an opportunity for African countries to align their energy planning processes to a pan-Africa vision and accelerate the realisation of Agenda 2063. Through this new partnership, IRENA and AUDA-NEPAD will work to enhance the capabilities of African countries and regional organisations through knowledge-based capacity building services, support implementation of the renewable energy projects in the Programme for Infrastructure Development in Africa (PIDA PAP II) and facilitate access for project developers to IRENA’s Climate Investment Platform and Energy Transition Accelerator Financing (ETAF) platform.    

Ghana: VRA Cautions Residents Along Akosombo, Kpong Dams Over Planned Spillage

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The Volta River Authority (VRA), managers of Akosombo and Kpong hydroelectric dams in the Republic of Ghana has hinted that they may carry out control spillage in the coming days as a result of consistent rise in the inflow pattern and water level of the Akosombo dam. A statement issued by the company on Tuesday, September 12, 2023, said in line with the company’s Emergency Preparedness Plan and Standard Operating Procedures, it has duly notified its key stakeholders about the development. “The reservoir level as of today suggests that we may need to commence controlled spilling in the coming days, should the situation persist,” VRA said. The company advised residents along the Volta River and downstream of Akosombo and Kpongs Dams to be on alert and take the necessary precautionary measures. “VRA will continue to monitor the situation, work with our key stakeholders, and provide regular updates to endure prompt response to any emergency that may arise,” the statement concluded.         Source: https://energynewsafrica.com

BP CEO Looney To Step Down

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BP’s Chief Executive Officer, Bernard Looney, is poised to step down after serving in the role for over three years. According to Financial Times, the reason for his departure was the failure to fully disclose past relationships with colleagues. Since starting his career at BP as an engineer in 1991, he has occupied various operational and managerial positions across locations such as Alaska, the Gulf of Mexico, Vietnam, and the UK North Sea. In 2020, Bernard Looney assumed the position of CEO at BP after previously leading the company’s upstream group. Despite his background in Upstream oil and gas, Bernard Looney has emerged as a prominent advocate within the oil industry for a transition toward low-carbon energy. Taking office amidst the onset of the COVID-19 pandemic, Looney unveiled an ambitious blueprint for BP to achieve net-zero emissions by 2050, emphasizing the need for the company to “reinvent” itself. Under Looney’s leadership, BP shocked investors by announcing plans to reduce hydrocarbon production by 40% from 2019 levels by 2030. However, the presentation of these goals drew criticism from environmentalists who argued that BP’s decarbonization objectives were merely an inadequate attempt to greenwash its carbon-intensive operations. Conversely, shareholders expressed disapproval of plans that would substantially curtail hydrocarbon production, contending that a more renewables-centric BP might not be as profitable. Looney countered the skepticism of investors who claimed that BP’s aggressive investments in low-carbon fuels and renewables generated inferior returns compared to hydrocarbons in the current market. Since unveiling these ambitious plans in 2020, the company has tempered its immediate reduction targets for oil and gas production. Nevertheless, in a recent interview with Reuters, Looney affirmed BP’s unwavering commitment to its ambitious energy transition agenda, affirming, “We’re holding our course on the transition” and highlighting the company’s intention to expand in sectors less correlated with oil prices. According to Bloomberg, the departing CEO, Bernard Looney, will be temporarily succeeded by Chief Financial Officer Murray Auchincloss.     Source: Oilprice.com

Nigeria: Mobile Police Officers Harass Yola Staff; Order Them To Sit On The Ground For Hours

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Nigerian mobile police officers numbering about 8 last Sunday stormed Yelwa Business Unit of Yola power Distribution Company in Adamawa State and vented their anger on the staff on duty. According to energynewsafrica.com’s sources, the mobile police officers stormed the office at about 0851hrs and ordered all the staff including the cashier out of their offices and instructed them to sit on the ground in the premises for some hours. It was not clear why the officer took that action. However, our sources indicate that Yola disconnected power supply to the Mobile Police Barracks without notifying them. “It was only after two of the Technical Staff Ahmed and Silas explained to them why they were disconnected before they finally left,” a source told energynewsafrica.com. The barbaric action of the police has since been reported to the Commissioner of Police for Adamawa Command and he has ordered investigation and arrest of the police officers involved. The Head of Corporate Communications for Yola DisCo, Gbenga Adebola who confirmed the incident told this portal that they have officially reported the issue to Mr. Afolabi Adeniyi, Adamawa State Commissioner of Police. According to him, the Commissioner confirmed receipt of the report and ordered an investigation into the matter. He said the officers involved were subsequently arrested and detained for further interrogation.       Source: https://energynewsafrica.com

Ghana: Energy Commission Grabs Two Awards At 4Th Africa Public Sector Conference And Awards In Kenya

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Ghana’s technical regulator for electricity and natural gas, Energy Commission received two Awards at the just ended 4th Africa Public Sector Conference and Awards held alongside the Africa Climate Summit Week in Nairobi, Kenya from 4th – 8th September 2023. The Commission’s Executive Secretary, Ing. Oscar Amonoo-Neizer, received the “Visionary Leadership Award” while the Commission’s flagship programme, the Senior High Schools Renewable Energy Challenge earned the Commission an award for “Africa Top 50 Companies in Sustainability”. “The Commission extends its profound appreciation to its staff and stakeholders for their continuous support as it strives to fulfill its mandates,’’ a post shared on the Commission’s Facebook page said.     Source: https://energynewsafrica.com

Ghana: GRIDCo, Staff Sweep Seven Awards At WiMEA

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The Ghana Grid Company and six employees of the company were last Friday honoured at the Women in Mining and Energy Awards (WiMEA) held at the Mövenpick Hotel in Accra, capital of Ghana. GRIDCo was adjudged Best Company in Mentorship Programme and Initiatives 2023, with Ing. Mrs. Doreen Ampadu receiving Rising Star Award while Ing. Harriet Owusu Banie won the Outstanding Technical Expert (Energy) Award. Ing. Mrs. Elikem Obou   also received Digital Transformation Pioneer Award 2023, while Emily Otoo Asare (Mrs.) received Diversity and Inclusion Champion of the year 2023 award whilst, Naa Borteley Amartey (Mrs.), was also awarded for Mentor of the Year Award. Although the awards primarily focused on recognizing women, a special “Man of the Year Award” was presented to Ing. Bernard Gyan, Director of GRIDCo’s Technical Services Department. In his acceptance speech, Ing. Gyan expressed gratitude for the recognition and emphasized the important contributions of women in his career. He encouraged other men to appreciate and support the role of women in their lives. GRIDCo received a total of seven awards out of the twenty-two presented at the event, making them the most awarded organization. AngloGold Ashanti received five awards, and the Volta River Authority (VRA) received four. Other organizations such as the National Petroleum Authority (NPA), the Minerals Income and Investment Fund (MIIF), Ghana National Gas Company (GNGC), and PetroSol also received multiple awards. WiMEA is an initiative of the Ministry of Energy and it serves as a platform to recognize and celebrate the contributions of women in Ghana’s mining and energy sectors.         Source: https://energynewsafrica.com

Ghana: Former Petroleum Minister Takes A Swipe At President Akufo-Addo Over Jubilee South East Project

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A former Minister for Petroleum under the erstwhile John Mahama administration, Emmanuel Armah Kofi Buah has taken on President Akufo-Addo for failing to add a single new oil producing field to Ghana’s three oil fields despite being in power for almost seven years. The Ellembelle legislator who was reacting to news of President Akufo-Addo turning on valve to commemorate first oil from Jubilee South East area described the report as misleading. The Jubilee South East (JSE) Project undertaken by Tullow, in collaboration with the Ghana National Petroleum Company (GNPC), Kosmos Energy, Jubilee Oil Holdings Limited, and Petro SA is expected to add 30,000 barrels of oil per day to the greater Jubilee Field, bringing the total oil production at the Jubilee Field to 100,000 barrels per day by the end of this year. “It is instructive to note that the Jubilee South East Project is not a new producing field but rather came about as a result of several discoveries made by Tullow Oil (the operator), alongside its joint venture partners between 2007 and 2012 in their West Cape Three Point block (WCTP). “However, due to the phased development approach agreed upon between the government and the Jubilee partners, not all of these discoveries were included in the initial Phase 1 development. Some of the discoveries were not added to the first Jubilee Field Development,” he explained. According to him, the Jubilee South East (JSE) production well which has now been brought on stream, is part of the oil and gas reservoirs encountered by wells such as Mahogany 3, Mahogany 4 (which were drilled between 2009 and 2011), and Mahogany Deep-2. “The partners have just drilled injectors and oil producers into key reservoirs to maintain and optimize oil production. “The current oil production from the JSE is not occasioned by any new government discovery of the Akufo-Addo-Bawumia- led government,” he pointed out. There are additional undeveloped reserves within the Greater Jubilee Field, which the jubilee partners have been granted approval to drill. “President Akufo-Addo had a golden opportunity to join the late President Mills and President Mahama, in adding a fourth oil-producing field if his government had not botched the Aker development,” he stated.       Source: https://energynewsafrica.com

Experts Finalize New Directives to Strengthen ECOWAS Regional Electricity Market

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ECOWAS regional experts from the National Regulatory Authorities and power utilities from Member States have met in Lome, the Togolese capital, to consider two documents that will boost the functioning of the regional electricity market. The documents are the draft Directive on the Regional Electricity Market Levy and the draft Regulation on the Surveillance of ECOWAS Regional Electricity Market. The experts who are members of the Consultative Committees of Regulators and Operators (CCRO) of the ECOWAS Regional Electricity Regulatory Authority (ERERA) began their three-day meeting on September 4, 2023, to finalize the documents, which will be presented to the ECOWAS Ministers of Energy at their next meeting in October 2023. The draft Directive on the Regional Electricity Market Levy applies to all participants of the ECOWAS Regional Electricity Market, and all cross-border electricity transactions within the ECOWAS Regional Electricity Market, including electricity import and export between ECOWAS Member States as well as access, cross-border Interconnection and use of the Regional Transmission Network. It will ensure the financial security and autonomy of ERERA and the Regional System Market Operator (SMO). The financial security and autonomy of ERERA and the SMO are necessary for their effective operation and their ability to carry out their functions with regard to the operation and regulation of the Regional Electricity Market. Among others, the Directive will also establish the mechanism for the determination of the amount of levy to be paid by market participants as well as provide the procedure for the payment of levy in the market. Levies to be collected under this Directive will cover market operation fees, system operation fees and regulatory fees. In addition to these fees, ERERA may approve such other fees proposed by the SMO considered necessary for the operation of the electricity market, including balancing fees and ancillary services fees. For its part, the Regulation on the Surveillance of ECOWAS Regional Electricity Market seeks to establish the rules and procedures for the surveillance of the ECOWAS Regional Electricity Market and includes the mechanisms for monitoring Market participants’ behaviour to support an efficient, reliable, and sustainable Regional Electricity Market in compliance with the Regional Market Rules, the Operation Manual of the West African Power Pool (WAPP), the Market Procedures and other approved Regional Electricity Market documents. Market Surveillance includes the monitoring of the level of transparency and competition in the ECOWAS electricity market, to foster transparency and competition, as well as the efficacy of the market design. Under this regulation, ERERA will be responsible for the conduct of the market surveillance and may delegate any function or activity related to market surveillance to the Regional System Market Operator. The National Regulatory Authorities will also conduct, on behalf of ERERA, any Regional Electricity Market surveillance function or activity within its jurisdiction. The regulation provides for ERERA, when necessary, to propose a review of the document to ensure its effectiveness and appropriateness in achieving its purpose. The Chairman of ERERA, Engr. Kokou Tossou, the Chairman of the Consultative Committee of Regulators, Mr. Moustapha Touré and the Chairman of the Consultative Committee of Operators, Mr. Ali Bukar Ahmed, addressed the meeting, which was organized in collaboration with the European Union.                   Source: https://energynewsafrica.com  

The Energy Loom: Crafting Africa’s Green Transition With Precision (Article)

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By:Louis Strydom   The call for a green revolution is no longer a distant echo; it’s the resounding demand of the present. Much like an artisan weaver poised before a complex loom, the world faces the task of crafting a grand tapestry of sustainability. Each thread must be carefully selected and interwoven into this tableau, from the existential reality of climate change to the urgency to transition from carbon-heavy energy dependencies. However, to ensure the tapestry’s strength, we must delve beyond broad strokes and platitudes, using strategic designs with precision and foresight. Africa finds itself in a unique position within this global tapestry. The countries that develop a clear and effective strategy in this transition will likely secure substantial gains in a world where carbon becomes increasingly costly and digitalisation amplifies our energy demands. However, in Africa, the urgency of decarbonisation should not overshadow the need for a deliberate and strategic approach. The solution? A meticulously planned, long-term energy transition strategy that respects and utilises our existing resources. A strategy that ensures operational stability and structurally sound foundations as we journey towards a greener future. The Art of Anticipation – Reinventing Forecasting Predicting energy demand accurately is a pivotal element of effective power systems. To create a greener future, African countries must establish robust electricity metering infrastructures to develop a keen understanding of the real-time energy needs of all consumers throughout the power grid. This will enable operators to manage the demand-side of grid operations more effectively, adding much-needed flexibility to power systems along the way. But another kind of forecasting calls for our attention in today’s increasingly electrified economy. In Africa, actual electricity demand will not grow incrementally but exponentially. Expanding digitalisation, extensive data usage, and the burgeoning production of green fuels are amplifying the energy demand curve, which means that the relationship binding power demand with GDP growth has become exponential in nature. Integrating this paradigm shift in growth into our power system forecasts is an essential aspect of manoeuvring the green transition. The Unsung Heroes – Celebrating Infrastructure Understanding the operational constraints and the capacity of the Transmission and Distribution infrastructure (T&D) is vital in managing the integration of massive amounts of new renewable power. These often-overlooked T&D systems form the backbone of our energy infrastructure. Recognising their pivotal role in the energy transition can encourage the investment needed to improve and expand the system. That means treating T&D as an equally green category to renewable energy, opening the door to concessional finance and carbon credit accreditation for investors of these assets. This policy shift will open more opportunities to ensure this essential component of the energy transition is not left behind. Sound Structures – Amplifying DSOs’ Operational Sustainability Financially sustainable Distribution System Operators (DSOs) are the bedrock of financing the energy transition. They play a critical role in enabling the effective dispatch of electricity to the end users and contribute to managing the grid. Without this operational proficiency, aspects like Demand Side Management (DSM), grid stability, swift electricity dispatch, and responsiveness could falter. That’s why bolstering their operational and financial resilience is so crucial. Seemingly insignificant investments in DSO-level operations and infrastructure can have a ripple effect, precipitating substantial enhancements in overall efficiency and solvency. The Delicate Balance – Navigating the Energy Loom Maintaining an equilibrium between power production and consumption in the power grid with high amounts of renewable energy necessitates an intricate knowledge of its numerous components and how they complement one another. Any increase in variable renewable power in the system must be matched with equal increases in grid flexibility. To do that, a combination of three solutions can be relied upon: Demand-side management capabilities to boost flexibility on the consumer side, energy storage systems, and balancing thermal technologies. Identifying the most suitable thermal technologies for the African energy transition is imperative. Although Inflexible thermal generation may sometimes seem the best option for running the energy base load or for predictable peak generation, they are often ill-suited to cope with the massive green energy transformation unfolding over the coming decades. On the other hand, engine-based thermal technologies are resilient, flexible, and adaptive. With swift start-up times and load-following capabilities, they ensure a reliable power supply, particularly during peak demand or when renewable sources become intermittently unavailable. They provide the stability the power grid requires, bridging transitional gaps and backing up the system when renewables falter or other flexible solutions cannot fill the void. Recognising and accepting the critical role of flexible thermal power to safeguard the grid will pave the way for financial backing and deployment of these technologies when applied responsibly. The final product? A robust, balanced energy tapestry that withstands the test of time, embodying a true masterpiece of green transition. Embracing the meticulous approach of the artisan weaver In the grand scheme of the energy transition, every intricate detail, right down to the second, contributes to the overall pattern, much like each thread in a masterfully woven tapestry. By acknowledging and profoundly understanding the intricacies involved in integrating renewables, we can shape effective electrification strategies, bolster transmission system upgrades, and fortify the financial health of DSOs. Focusing on these finer details enables a swift and effective transition towards a net-zero economy. This meticulous approach, akin to the precision of an artisan weaver, promises a balanced and inclusive energy future. This is the true art of the energy transition: creating a robust, resilient, and beautiful masterpiece that stands the test of time, an energy tapestry woven with precision and care for a more sustainable tomorrow.   About The Author Born in South Africa, Louis Strydom is a seasoned executive with over two decades of experience in infrastructure development, high-risk investments, and market development. Currently serving as the Director of Growth & Development for Europe and Africa at Wärtsilä Energy, Louis spearheads strategic market development initiatives focused on energy transition and decarbonisation. His leadership extends to key roles in global financial institutions, development banks, and insurance companies, as well as founding and exiting businesses across various sectors. With a rich educational background that includes three master’s degrees, one of which is an MSc in Innovation and Entrepreneurship from HEC Paris awarded with distinction, Louis brings a multidisciplinary approach to strategy and innovation. He is particularly passionate about talent development and coaching. 

CEI Africa Launches Smart Outcomes Component And Calls For Green Mini-Grid Developers Implementing PUE Strategies

Stichting Clean Energy and Energy Inclusion for Africa (CEI Africa) is inviting GMG Developers to apply for outcome-based grants that subsidize the implementation of PUE strategies connected to operating GMGs in the target countries: Kenya, Uganda, DRC, Cameroon, Sierra Leone, Madagascar, Mali and Benin. Partnerships with PUE providers, distributors, and manufacturers are encouraged. CEI Africa designed a grant facility (the “Smart Outcomes” component) to provide outcome-based grants and technical assistance to green mini grid developers and stand-alone off-grid enterprises implementing productive use of energy. The design was funded by the Austrian Development Agency (ADA), the German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW and the Swiss Development Cooperation (SDC). Productive use of energy (PUE) facilitates income generating activities and is widely seen as critical for ensuring that improved energy access delivers on its potential to improve livelihoods and boost economic growth in developing economies. Examples of PUE include grain mills, agro-processing machines, refrigeration and water irrigation systems but also small-scale appliances used by MSMEs (such as small freezers). The Smart Outcomes component is aimed at incentivizing the deployment of PUE at scale and is open to all technologies if they are utilizing renewable energy and have been deployed in the market, among other considerations. The facility will be open to two types of companies: green mini grids (GMG) and stand-alone off-grid enterprises (OGEs) that are deploying PUE. The Outcome Based Financing by CEI Africa provides incentives to reach pre-agreed impacts through the sustainable and productive use of clean off-grid-electricity by client-target groups with a special focus on women. Disbursement of the grants is partly conditional on reaching certain outcomes such as reduced household/SME expense, increase in incomes of local communities, support for women entrepreneurs and partly on verified equipment delivery/installation. Applications will be evaluated based on the cost effectiveness of the business plan to achieve the various outcomes. Outcomes will be verified via lean data surveys that trigger grant payments six (6) and twelve (12) months after implementation while part of the grant will be disbursed on verified equipment delivery/installation. In addition to grants, CEI Africa will also provide technical assistance for the development and implementation of PUE strategies, such as business model development, marketing, and training. The Smart Outcomes component will be launched in two phases: Phase 1: Green mini grid (GMG) developers may apply for grants that subsidize the implementation of PUE strategies connected to operating GMGs in the target countries of Kenya, Uganda, DRC, Cameroon, Sierra Leone, Madagascar, Mali and Benin.  We expect that grants of up to $500K per developer will be available. Partnerships with PUE providers, distributors, and manufacturers are encouraged during this phase.  Phase 1 will be open for applications for pre-qualification on 5th September 2023  Phase 2: Standalone off grid energy enterprises (OGEs) may apply for grants to implement PUE in the target Countries to be announced later. The timing of this phase is yet to be determined. Ultimately, CEI Africa hopes the Smart Outcomes funding component encourages the deployment of approximately 10,500 productive use of energy assets to positively impact about 57,750+ people. CEI Africa estimates that approximately 21,000 tons of carbon dioxide equivalent emissions per year will be avoided once all proposed activities are implemented. Claudia Vroom, Chair of CEI Africa’s Board: “the Smart outcomes component complements CEI Africa’s existing product offer.  Development of PUE as part of green mini grid business models is considered critical for the long-term viability of the green mini grid market and for its ability to deliver affordable energy to local communities.” Babette Stein von Kamienski, Chair of CEI Africa’s Supervisory Council, is convinced that “this new outcome-based financing product will support mini-grid-developers in Sub-Sahara Africa to scale up the productive use of the clean energy in a sustainable manner – and with a special focus on women.

Sierra Leone: Karpowership Cuts Electricity Supply To Freetown Over $40 Million Unpaid Debt

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Turkish power generation firm, Karpowership has switched off electricity supply to Sierra Leone’s capital city Freetown over government failure to settle about US$40million outstanding debt. According to the Minister for Energy Alhaji Kanja Sesay, who spoke to Reuters, the debt “was accrued over time because government subsidises more than half of the cost karpowership charges per kilowatt hour.’’ The government is spending a lot of money on subsidies because consumers pay for power in the local currency, the Leone, which is one of the worst-performing currencies globally against the U.S. dollar. Sierra Leone, however, pays to Karpowership for the electricity in dollars. Karpowership is one of the three power sources for Sierra Leone’s capital. The other two are a hydropower dam and electricity from an interconnection with the Ivory Coast. The interconnection also supplies power to neighboring West African countries Guinea and Liberia. Electricity consumption in the country is largely dominated by biomass sourced from fuelwood and accounts for around 80% of the energy used, according to the U.S. government. The country imports petroleum products for power generation which account for 13% of energy consumption. As of 2021, only 15% of the total population in Sierra Leone and about 2.5% of the rural population had access to electricity. The West African country’s power sector is small, with less than 150 megawatts (MW) of energy capacity connecting fewer than 150,000 customers, while the cost for electricity is heavily subsidized. The entire country lacks a stable and reliable public power supply and domestic demand remains significantly unmet. “Although Sierra Leone is endowed with energy potential in various forms including biomass from agricultural wastes, hydro and solar power, it remains underutilized,” the International Trade Administration says.     Source: https://energynewsafrica.com

South Africa: Africa Oil Week To Drive Global Conversations On Energy Following BRICS Summit Discussions

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Africa Oil Week (AOW), the continent’s premier event for the international oil and gas industry, is poised to continue and expand upon the critical discussions initiated at the recent BRICS Summit concerning energy mix, fossil fuels, climate change, and the crucial need for responsible oil exploration. Set to take place from 9–13 October, in Cape Town, the AOW Summit is poised to serve as a crucial platform for global leaders. Anticipating participation from 1,800 delegates, along with more than 50 energy ministers, policymakers, investors, and industry experts, the summit will facilitate in-depth discussions on the future of energy, responsible resource development, and oil exploration within the African context. The theme of this year’s Africa Oil Week, “Maximising Africa’s Natural Resources,” resonates with the sentiments expressed during the BRICS Summit regarding the importance of balancing energy needs, economic growth, and environmental sustainability, including the responsible exploration of oil. The summit aims to foster substantive dialogues among government representatives, energy policymakers, financiers, and dealmakers to chart a sustainable path forward for the continent’s abundant natural resources, including oil. The CEO of the Gauteng Growth and Development Agency, Saki Zamxaka, highlighted during the BRICS Business Council event that while some financial institutions are fast-tracking the withdrawal of funding for hydrocarbon projects, they remain an integral part of the continent’s energy strategy. He emphasized the need for current methods of extraction and processing to become cleaner with advancements in technology, which is especially pertinent to oil exploration. Sim Tshabalala, CEO of Standard Bank, articulated the standpoint that African nations should not be compelled to abandon fossil fuels, including oil, in their pursuit of climate adaptation and mitigation. Tshabalala urged for equitable considerations, recognizing Africa’s status as a carbon sink and emphasizing the need for compensation, including for responsible oil exploration. He underscored the importance of differentiated yet common commitments to facilitate a just transition in line with the Paris Agreement’s goals. These crucial discussions at the BRICS Summit set the stage for the upcoming event. The AOW summit will not only address the critical aspects of energy transition but also the practical challenges faced by developing nations in accessing sustainable funding for their energy needs, including oil exploration. The aim is to establish a new system of green finance that promotes transparency, supports technological advancement, and ensures fair financing for transitions to cleaner energy sources, including responsible oil exploration. Leslie Maasdorp, CFO of the new BRICS Development Bank, highlighted on the side-lines of BRICS the challenge of identifying bankable projects for Africa’s Just Energy Transition initiative, indicating the need for viable projects that have undergone rigorous due diligence processes. This challenge mirrors the overarching concern of the energy sector: bridging the gap between concept and commercial viability to enable sustainable growth, including in the realm of oil exploration. The 2023 AOW summit is a platform for pragmatic solutions. It will facilitate engagements that build bridges between policy, investment, and sustainable development, encompassing responsible oil exploration. With the backdrop of the BRICS Summit discussions, the event is set to foster a collaborative environment that promotes responsible resource development, equitable transition, and global energy security.