Ghana: ECG Tema Ladies Celebrate Father’s Day
The Ladies Association of the Electricity Company of Ghana, Tema Region, held a pre-Father’s Day discussion as part of a staff durbar to mark the celebration on Sunday, June 15, 2025.
The association, officially known as the ECG Power Queens of Tema Region, held the durbar on Thursday, June 12, 2025, at the company’s Tema Regional Office to discuss several issues concerning staff and the organization.
Addressing the durbar, the ECG Power Queens National Organizer, Ms. Emma Aba Amissah, in an address on behalf of the Tema Power Queens President, Ms. Anabel Zormelo, spoke on the theme “The Self-Preserving Man.” As part of her address, Ms. Amissah said, “Our message to you is that you should focus on your health and get yourself checked for prostate and testicular cancers, as these conditions are affecting more and more men.” She added that “science and medicine show that early detection can improve chances of recovery; therefore, the plea is for men to take their health seriously in the wake of upcoming Father’s Day as a gift to themselves.”
Another speaker was the ECG Tema Management representative for mental health, Madam Zita Kyei-Gyamfi, who focused her address on stress and suicide prevention. She said, “Culturally and socially, men have been brought up to keep their issues to themselves, yet this is not a healthy practice, as there are many issues stressing men, and the silence is not helping.”
She added that “men should open up, build and form good relationships, and stop internalizing their problems.”
Madam Kyei-Gyamfi added a plea that “suicide has reached alarming rates, with more men becoming victims. This is a mental health scare, and therefore, men should speak up and stop keeping all stress to themselves.”
The Tema Queens encouraged all staff in the Region to wear blue on the day as part of the advocacy on men’s health and to mark the pre-Father’s Day celebration.
Source: https://energynewsafrica.com
Global Leaders Rally For Energy Efficiency: A Key To Affordability And Competitiveness
The International Energy Agency’s (IEA) 10th Annual Global Conference on Energy Efficiency has brought together ministers, CEOs, and experts from nearly 100 countries to discuss ways to strengthen energy security, lower bills, and reduce emissions through efficiency gains.
The two-day conference in Brussels explores effective policies to unlock investment and improve affordability and competitiveness, particularly for small businesses and low-income households.
A key focus area is industrial efficiency, where improvements have stalled since 2019, accounting for 80% of the growth in global energy demand without significant energy intensity progress.
However, the conference highlights the potential of digital technologies, including artificial intelligence, to optimize operations and reduce consumption.
Increasing industrial efficiency can help safeguard jobs, lower operating costs, and enable small and medium-sized enterprises to compete more effectively amid energy price fluctuations.
IEA Executive Director Fatih Birol emphasized that energy efficiency is not just about energy; it delivers clear benefits for people, lowering bills, improving businesses’ competitiveness, and creating jobs.
European Commissioner for Energy and Housing Dan Jørgensen added that energy efficiency can bring immense gains in affordability and decarbonization.
The conference also focuses on buildings and appliances, discussing ways to expand building codes, retrofit existing stock, and raise efficiency standards. With the global sale of five air conditioners every second, most of which are only half as efficient as the best available models, there is significant room for improvement.
The conference builds on momentum from previous events, including the COP28 conference in Dubai, where nearly 200 countries pledged to double the global rate of energy efficiency improvements by 2030. However, the latest IEA data shows progress remains well below that goal.
The conference aims to catalyze faster implementation and deeper collaboration across borders, with delegates reviewing national progress, sharing policy innovations, and identifying next steps to unlock efficiency’s full potential.
Source:https://energynewsafrica.com
Egypt Locks In Landmark LNG Import Deals With Aramco, Shell, And Trafigura
Egypt has finalized a sweeping series of liquefied natural gas (LNG) supply agreements with Saudi Aramco, Shell Plc, Trafigura, and several other major traders, as the country’s struggles to shift back to long-term net exporter, rather than importer amid a deepening domestic supply crunch, according to a Bloomberg report.
State-owned Egyptian Natural Gas Holding Co. (EGAS) secured as many as 290 LNG cargoes over the next two and a half years, starting as early as next month.
Alongside Aramco, Shell, and Trafigura, volumes will also be sourced from Vitol Group, Hartree Partners LP, BGN, and Azerbaijan’s Socar.
Hartree and BGN alone were awarded more than 100 cargoes, underscoring their growing presence in an increasingly competitive LNG market.
This is the second major LNG deal this year for Cairo.
Earlier this year, Egypt signed deals worth around $3 billion with Shell and TotalEnergies for 60 LNG cargoes to cover 2025 demand.
Contract prices are tied to European gas benchmarks, with premiums ranging from $0.80 to $0.95 per million British thermal units. The terms offer Egypt some breathing room, allowing payment deferrals of up to 180 days, as it continues to recover from a prolonged foreign currency crisis.
This aggressive procurement strategy aims to stabilize Egypt’s power grid ahead of peak summer demand, which has previously triggered widespread blackouts.
The country’s monthly summer energy bill is now expected to surge to approximately $3 billion starting in July, up sharply from $2 billion last year.
Egypt is struggling to fill in the gaps as its natural gas production targets, particularly from the giant Zohr offshore gas field, fall short due to technical difficulties and unpaid debts to foreign operators.
Source: oilprice.com
Angola: ANPG Signs Agreement With Five Oil Companies To Increase Oil Output
Angola’s National Oil, Gas, and Biofuels Agency (ANPG) has signed a concession agreement with five oil companies for the exploration of Block 17 and to increase oil production in the country.
The agreement was signed with Sonangol, TotalEnergies, Equinor, ExxonMobil, and Azule Energy, according to the Angola News Agency’s report on Thursday, June 12, 2025.
The agreement includes improving the facilities of the Block 17 platform (Dalia field) with an expected investment of $6 billion over the next five years, extending the operation until 2045.
Janio Correia Victor, Secretary of State for Mineral Resources, said the memorandum represents growth in production capacity, increased employment, technology transfer, training of national staff, and economic development.
He added that the move is an important and decisive step toward ensuring that existing resources continue to produce and play a key role in boosting the national economy.
Venancio recalled that the oil and gas sector faces significant challenges due to the maturity of the fields and growing global competitiveness, despite Angola’s resilience and remarkable ability to adapt based on policies of openness and consultation with investors.
He reaffirmed that the Angolan government remains committed to ensuring that the country’s natural resources are exploited responsibly, with a strategic vision, comfort, and well-being for communities, as well as strengthening local content.
The ANPG CEO, Paulino Jeronimo, said the Dalia field is one of the largest areas discovered in the 1990s in Angola, which is now in a mature phase of production, with a favorable share of 90% for the state and 10% for the investor.
According to Jeronimo, under normal conditions, the platform would produce roughly 120 million barrels by the end of its useful life, with the state receiving 90% of this amount.
However, with these incentives, production could reach up to 500 million barrels.
Jeronimo explained that this percentage “does not motivate new investments,” which requires implementing the principle of incremental production to give incentives to all buyers to produce above the expected average.
“We have a production profile that has generally been negotiated over the years with operators, and those who produce above average have an incentive,” he clarified.
In turn, the CEO of TotalEnergies, Martin Deffontaines, highlighted the importance of the agreement in stimulating growth in the oil and gas sector, ensuring a dynamic and innovative spirit. “We have opened a new chapter in the Dalia journey, which is a 20-year-old Block 17 platform that still produces 140,000 barrels per day,” he said.
He stressed that the contract allows for the start of the Dalia and Dalia Lifex life extension project, resolving issues of platform and subsea facility integrity and replacing obsolete equipment.
According to Martin Deffontaines, the Dália Lifex project will allow for the drilling of five new wells that will contribute to the country’s economic growth.
Block 17 is located between 150 and 200 kilometers off the Angolan coast and is operated by Total (40% of the shares), together with subsidiaries of Equinor (23.33%), ExxonMobil (20%), and BP (16.67%).
Source: https://energynewsafrica.com
Russia Discusses Natural Gas Supply With China
Senior Russian and Chinese officials have discussed LNG and pipeline gas supply from Russia to China and cooperation in joint energy projects, the Russian Energy Ministry said this week.
Russian Energy Minister Sergei Tsivilev and Chinese Ambassador to Russia, Zhang Hanhui, discussed LNG deliveries, developing natural gas transportation infrastructure, and expanding cooperation in the oil and coal industries.
China has become a top buyer of Russian energy since the Kremlin’s war in Ukraine cut off most of Russia’s oil, gas, and coal supplies previously headed to Western countries.
Embargos and price caps on Russian oil and products have prompted Russia to turn east and expand its exports to Asia.
China is buying cheaper Russian oil and pipeline gas, but hasn’t committed yet to a major new natural gas pipeline from Siberian gas fields.
Russia’s giant Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now reached the maximum design capacity.
But a significant boost to supply that would more than double the current flows with a new pipeline, Power of Siberia 2, looks further away than it did earlier this decade.
China has been negotiating from a position of strength after becoming Russia’s key gas customer and key trade partner in all other areas following the invasion of Ukraine, which severed decades-long gas supply relations between Russia and Europe. Russia appears to be struggling to convince China to take on more pipeline gas amid disagreements over the price China would pay.
Last month, Tsivilev said that Russia is in an active stage of talks with China over the Power of Siberia 2 gas pipeline.
Despite the touted “active” talks, it is unlikely that Russia and China will sign an agreement on the proposed gas pipeline soon, Russian news agency TASS quoted Tsivilev as telling reporters.
Source: Oilprice.com
The Gambia: Audio Claiming Senegal Is Siphoning The Gambia’s Oil Resources Is Misleading And False, Says MoPEM
The Gambia’s Ministry of Petroleum, Energy, and Mines has dismissed the content of an audio circulating online, suggesting that its neighbour, the Republic of Senegal, is siphoning its oil resources from underground.
According to the ministry, the claim is not only misleading but also lacks any technical or scientific basis.
In a statement issued on Tuesday, the ministry explained that since the 1960s, The Gambia had drilled only five exploration wells—two onshore and three offshore—with two of the offshore wells drilled by FAR Ltd. in 2019 and 2021, without any discoveries.
In contrast, the ministry indicated that Senegal had conducted 49 offshore drillings in the Sangomar area to find oil and gas.
It pointed out that the last well drilled by FAR (in 2021) was about 500 metres away from the border with Senegal.
It said this was a deliberate attempt to see if we have oil around the areas Senegal discovered oil.
“Unfortunately, from that well, there was no discovery warranting a conversation on joint resource development or sharing at the time. No exploration well has been drilled since then,” the ministry stated.
Consequently, The Gambia and Senegal cannot initiate such negotiations because The Gambia has not yet made any discoveries near the border that would warrant such negotiations,” the statement said.
Besides, the ministry said its seismic data acquisition and interpretation continue to gather momentum.
“It is crucial to emphasise that seismic data and well data are confidential and extremely valuable to be shared publicly.
“These details must not be shared with anyone unless authorised parties and licensed partners, within the framework of signed data sharing agreements for oil exploration and exploitation, request access. We continue to encourage investment in The Gambia’s oil blocks, which has culminated in receiving expressions of interest from various oil companies for our acreages.”
The ministry called on the public to disregard the unfounded allegations, incendiary statements and recognise the importance of factual and informed discussions regarding our natural resources.
Source: https://energynewsafrica.com
Mozambique: Eni CEO, President Daniel Francisco Chapo Hold Talks On Eni’s Future Plans
The President of the Republic of Mozambique, Daniel Francisco Chapo, met with the Chief Executive Officer of Eni, Claudio Descalzi, in Maputo on Wednesday to discuss the company’s ongoing and future activities in the country.
The meeting reaffirmed the strong partnership between Eni and Mozambique and highlighted strategic initiatives aimed at supporting the country’s economic growth.
Among the topics discussed were the ongoing success of the Coral South Project, which contributed to 50% of Mozambique’s GDP growth in 2023 and is projected to represent 70% of GDP growth in 2024, and the recently approved Plan of Development by the Government of Mozambique for the implementation of the Coral North FLNG project.
This project will enable the expansion of LNG production from the Coral reservoir in Area 4 of the Rovuma Basin.
The meeting also highlighted Eni’s strategy to diversify its activities in Mozambique as part of its broader commitment to the country’s energy transition. This includes implementing an innovative agribusiness project focused on producing vegetable oil for biorefining.
The initiative aims to support rural area development and create opportunities for Mozambique’s integration into the biofuel value chain.
Additionally, the company is promoting several carbon offset initiatives, including a clean cooking program that promotes the use of more energy-efficient cooking solutions and other REDD+ initiatives.
Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, specifically in the Coral, Mamba Complex, and Agulha reservoirs, with approximately 2,400 billion cubic meters of gas in place. Eni operates the Coral South project, the first to produce gas from the Rovuma Basin.
Eni also contributes to improving the country’s economic diversification, access to education, health, and water through the implementation of a sustainability plan.
Source:https://energynewsafrica.com
Ghana: ECG Sets June 16 For Nationwide Revenue Mobilization Exercise
The Electricity Company of Ghana (ECG) has announced plans to embark on a revenue mobilisation exercise across its operational areas nationwide.
According to ECG, the exercise, which will start from Monday, June 16, to Friday, June 27, 2025, will focus on all categories of customers in arrears, including state agencies.
In a statement issued on Wednesday (today), June 11, ECG advised customers with arrears to pay their bills now to avoid disconnection and payment of reconnection fees.
ECG cautioned customers against interfering with the exercise.
“The exercise will be monitored by special teams who will apprehend and prosecute customers who attempt to interfere with the exercise, and/or undertake illegal self-reconnection after disconnection,” the statement said.
Source: https://energynewsafrica.com
SEforALL Signs Agreement With India’s Largest Power Firm NTPC To Plan Its Energy Transition Pathway
India’s largest power company, NTPC, has signed an agreement with Sustainable Energy for All (SEforALL) to seek support for its transition to clean energy.
Under the agreement, SEforALL will support the development of NTPC’s comprehensive energy transition roadmap, aligning with the country’s energy security, development priorities, and net-zero commitments.
The roadmap will include modeling of multiple scenarios reflecting NTPC’s short-, mid-, and long-term strategic horizons, estimating investment needs, identifying diversification opportunities, and the socio-economic benefits that come with shifting to cleaner energy systems.
NTPC’s role in energy transition is visible on the ground through pioneering R&D and large-scale deployments of green hydrogen pilot projects, floating solar photovoltaic (FSPV) systems, battery energy storage systems (BESS), pumped storage hydropower, and carbon capture and utilization (CCU).
Established in 1975, NTPC has powered India through its industrialization and urban expansion. In 2021, NTPC became the first major utility to commit to a UN Energy Compact, identifying ambitious targets, including installing 60 GW of renewable energy capacity by 2032.
With installed capacity primarily from thermal power plants, the company has rapidly increased its share of renewable energy in solar, wind, and hydro installations, becoming an instrumental driver of the country’s energy security by contributing close to one-fourth of the entire electricity production.
Commenting on the agreement, Gurdeep Singh, Chairman and Managing Director of NTPC, said, “Our aim is to foster responsible, sustainable economic development through an energy strategy that champions energy security, social inclusiveness, environmental stewardship, and growth powered by data, technology, and innovation.
This agreement positions us to meet the rising demand from communities and industry while keeping us at the leading edge of the energy transition.”
Also commenting, Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, said, “India continues to show climate leadership on the global stage, moving beyond commitment to concrete actions while demonstrating that the energy transition in emerging countries can co-exist alongside economic development.
We are excited to support NTPC in co-creating a net-zero roadmap for the energy giant of India. I laud NTPC for its commitment to transitioning to cleaner energy sources.”
Source: https://energynewsafrica.com
Sierra Leone: Karpowership To Cut Power To Freetown On June 12 Over Debt; Hospitals Spared
Karpowership, a Turkish power firm operating in Sierra Leone, has served notice to cut power supply to Freetown, the capital of Sierra Leone, with the exception of critical facilities such as hospitals.
This is part of a plan to recover outstanding debt owed to Karpowership.
A statement issued by the Sierra Leonean Ministry of Energy mentioned that Karpowership served them notice on May 28, 2025, that they would disconnect power supply to Freetown at midnight on June 12.
The Ministry said that after several negotiations, the company agreed to dispatch only 6MW of power to keep hospitals and other critical facilities in operation.
“Despite the notice of disconnection, Karpowership made a commitment to maintaining a 6MW supply of electricity for essential services and critical facilities like hospitals,” the ministry said.
Notwithstanding this development, the Ministry assured the general public, particularly residents of Freetown, that it has taken steps, on the instructions of His Excellency President Julius Maada Bio, to mitigate the impact of the reduction in power supply to Freetown.
The Ministry further assured citizens that necessary actions have been taken to ensure the provision of reliable, affordable, and accessible power supply to Freetown in line with the vision of the President.
The public should note that aggressive reforms are taking place at EDSA to ensure the technical and commercial viability of the utility.
While the Ministry regrets to announce that there will be some load shedding, it assured residents of Freetown that such load shedding would be properly managed.
Source: https://energynewsafrica.com
AMEA Power And Kyuden Int. Sign MoU To Accelerate Clean Energy And Green Hydrogen Projects
AMEA Power, one of the fastest-growing renewable energy companies in the region, has signed a Memorandum of Understanding (MoU) with Kyuden International Corporation, a subsidiary of Japan’s Kyuden Group.
This strategic partnership aims to jointly develop renewable energy and green hydrogen projects that support decarbonization, energy resilience, and inclusive economic growth across key markets.
The MoU establishes a framework for cooperation between the two companies to drive large- scale clean energy projects, combining AMEA Power’s proven expertise and track-record, with Kyuden International’s cutting-edge technological capabilities.
AMEA Power currently has over 2,600 MW in operation or under construction, and a project pipeline exceeding 6 GW across more than 20 countries.
Kyuden International brings extensive technical know-how and international experience from the Kyuden Group, further enhancing the deployment of low-carbon energy systems and environmentally sustainable technologies.
Hussain Al Nowais, Chairman of AMEA Power, said: “This partnership with Kyuden International marks an important step in AMEA Power’s journey to lead the energy transition in the regions we are present.
“Together, we are committed to delivering transformative clean energy and green hydrogen solutions that create long-term social and economic value for local communities”.
This collaboration reflects a shared ambition to deliver tangible impact through innovative and scalable clean energy projects, aligned with global climate goals and regional development priorities.
Source:https://energynewsafrica.com
Kenya: Police Officer, Two Others Arrested For Vandalizing 66kV Underground Cables Serving Major Substations In Nairobi
Kenyan police are holding a police officer and two others for vandalizing high-voltage underground power cables near Nyayo Stadium in Nairobi.
The three, Thomas Mutua, Joseph Kyalo, and Dennis Mbithi Nzioki, a police officer attached to the Directorate of Criminal Investigations (DCI), Makadara, were among a group of 10 men armed with crude weapons who were caught vandalizing the 66kV cables.
The other suspects fled as the three were apprehended and booked at the Capitol Hill police station.
The cables are the primary supply to Ragati and Nairobi West substations, which provide electricity to Upper Hill, Kenyatta National Hospital, Community area, South C, Nairobi West, Madaraka, parts of South B and Industrial Area, parts of Langata Road, Ngumo estate, Mbagathi Hospital, and KEMRI.
The unfortunate incident has affected power supply to the Nairobi City Centre and environs. During the arrests, Kenya Power’s security team recovered five meters of already vandalized 66kV underground cable and confiscated four hoes, two spades, and two hacksaws.
Kenya Power’s Managing Director & CEO, Dr. (Eng.) Joseph Siror, commended the security team, noting that the company will continue carrying out heightened surveillance of the electricity network to weed out all illegal activities.
“Vandalism of power infrastructure has continued to pose a serious risk to public safety while disrupting electricity supply to homes and businesses. It is unfortunate that, as we work to supply reliable and safe electricity to our customers, a few people are involved in vandalism and other illegal activities that compromise the safety of the network. We will continue to work collaboratively with the public and law enforcement agencies to deal with these illegalities while ensuring that the perpetrators face the law,” said Dr. (Eng.) Siror.
He urged members of the public to report any suspicious activity near electrical installations to the nearest police station, at any Kenya Power office, or through the company’s USSD code *977#.
Source:https://energynewsafrica.com
Nigeria: Police Inspector, Two Others Arrested For Stealing Electrical Cables
Residents of Demekpe in Makurdi, Benue State capital, Nigeria, have apprehended three men, including a police inspector, for allegedly stealing electrical cables belonging to the Jos Electricity Distribution Company (JEDPC).
They were arrested around 4 a.m. on Tuesday.
According to a report by National Record, when the residents pounced on them, they managed to arrest Inspector Innocent Ishaku, while the two other suspects fled the scene.
The report said Inspector Innocent Ishaku mentioned their accomplices as Isa and Mohammed, leading to their arrest.
Items recovered from the suspects include JEDPC electrical cables, F-connectors, and a police identity card bearing the name Innocent Ishaku with ID number 309976 and his photograph.
All three suspects have since been handed over to the D Division Police Station in Makurdi for further investigation.
Source: https://energynewsafrica.com
Global Energy Investment Set To Rise To $3.3 Trillion In 2025 Amid Economic Uncertainty And Energy Security Concerns
Global energy investment is set to increase in 2025 to a record $3.3 trillion despite headwinds from elevated geopolitical tensions and economic uncertainty, a new IEA report says, with clean energy technologies attracting twice as much capital as fossil fuels.
Investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification – is on course to hit a record $2.2 trillion this year, reflecting not only efforts to reduce emissions but also the growing influence of industrial policy, energy security concerns and the cost competitiveness of electricity-based solutions, according to the 2025 edition of the IEA’s annual World Energy Investment report.
Investment in oil, natural gas and coal is set to reach $1.1 trillion.
In addition to a comprehensive assessment of the current investment landscape across fuels, technologies and regions, this 10th edition of the World Energy Investment report explores some of the major changes over the past decade.
“Amid the geopolitical and economic uncertainties that are clouding the outlook for the energy world, we see energy security coming through as a key driver of the growth in global investment this year to a record $3.3 trillion as countries and companies seek to insulate themselves from a wide range of risks,” said IEA Executive Director Fatih Birol.
“The fast-evolving economic and trade picture means that some investors are adopting a wait-and-see approach to new energy project approvals, but in most areas we have yet to see significant implications for existing projects.”
“When the IEA published the first ever edition of its World Energy Investment report nearly ten years ago, it showed energy investment in China in 2015 just edging ahead of that of the United States,” Dr Birol added.
“Today, China is by far the largest energy investor globally, spending twice as much on energy as the European Union – and almost as much as the EU and United States combined.”
Over the past decade, China’s share of global clean energy spending has risen from a quarter to almost a third, underpinned by strategic investments in a wide range of technologies, including solar, wind, hydropower, nuclear, batteries and EVs.
At the same time, global spending on upstream oil and gas is gravitating towards the Middle East.
Today’s investment trends clearly show a new Age of Electricity is drawing nearer.
A decade ago, investments in fossil fuels were 30% higher than those in electricity generation, grids and storage. This year, electricity investments are set to be some 50% higher than the total amount being spent bringing oil, natural gas and coal to market.
Globally, spending on low-emissions power generation has almost doubled over the past five years, led by solar PV. Investment in solar, both utility-scale and rooftop, is expected to reach $450 billion in 2025, making it the single largest item in the global energy investment inventory. Battery storage investments are also climbing rapidly, surging above $65 billion this year.
Capital flows to nuclear power have grown by 50% over the past five years and are on course to reach around $75 billion in 2025. Rapid growth in electricity demand also underpins continued investment in coal supply, mainly in China and India.
In 2024, China started construction on nearly 100 gigawatts of new coal-fired power plants, pushing global approvals of coal-fired plants to their highest level since 2015.
In a worrying sign for electricity security, investment in grids, now at $400 billion per year, is failing to keep pace with spending on generation and electrification. Maintaining electricity security would require investment in grids to rise towards parity with generation spending by the early 2030s.
However, this is being held back by lengthy permitting procedures and tight supply chains for transformers and cables.
Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream oil investment since the Covid slump in 2020, according to the report. The expected 6% drop is driven mainly by a sharp decline in spending on US tight oil.
By contrast, investment in new liquefied natural gas (LNG) facilities is on a strong upward trajectory as new projects in the United States, Qatar, Canada and elsewhere prepare to come online. Between 2026 and 2028, the global LNG market is set to experience its largest ever capacity growth.
Spending patterns remain very uneven globally – with many developing economies, especially in Africa, struggling to mobilise capital for energy infrastructure, the report finds.
Today, Africa accounts for just 2% of global clean energy investment.
Despite being home to 20% of the world’s population and rapidly growing energy demand, total investment across the continent has fallen by a third over the past decade due to declining fossil fuel spending and insufficient growth in clean energy.
To close the financing gap in African countries and other emerging and developing economies, international public finance needs to be scaled up and used strategically to bring in larger volumes of private capital, according to the report.
This year’s edition of the World Energy Investment report features an interactive data explorer that enables users to compare energy investments across multiple sectors, fuels and technologies between the periods 2016–2020 and 2021–2025, covering global trends as well as data for 19 individual countries and regions.
Source: IEA