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LATEST ARTICLES
Global Renewable Energy Investment Hit USD 807 Billion In 2024
Global investments in the energy transition reached a new record of USD 2.4 trillion in 2024 – a 20% increase compared to the average annual levels of 2022/23.
About one-third of the total was directed towards renewable energy technologies, pushing renewable energy investment to USD 807 billion.
Despite this milestone, year-on-year growth in renewables slowed significantly. Annual investments increased by 7.3% in 2024, compared to 32% the previous year, according to a new report by the International Renewable Energy Agency (IRENA) and the Climate Policy Initiative (CPI).
The Global Landscape of Energy Transition Finance 2025 was released ahead of the UN Climate Conference COP30 in Belém, Brazil. It aims to inform the global finance dialogue and support delegations by tracking investments in renewable energy technologies and their supply chains, examining regional trends, and identifying finance sources and instruments.
The findings show that 96% of renewable energy investments went to the power sector, with global investment in solar PV hitting a record USD 554 billion in 2024, up by 49%.
Commenting on the report, Francesco La Camera, Director-General of IRENA, said:
“Investments in energy transition continue to grow but not at the pace needed to achieve the global goal of tripling renewable capacity by 2030. Funding for renewables is soaring but remains highly concentrated in the most advanced economies. As countries gather at COP30 to advance the ‘Baku to Belém Roadmap to 1.3 trillion’, scaling finance for emerging and developing countries is essential to make the transition truly inclusive and global.”
IRENA’s report shows that advanced and major economies can draw on domestic financial resources to fund energy transitions. In contrast, lower-income countries depend on external support due to underdeveloped financial markets, limited fiscal capacity, high capital costs, and debt vulnerabilities, among other constraints.
Globally, nearly half of total investment in 2023 was provided as debt, most of it at market rates. The remainder came through equity, while grants accounted for less than 1%.
The urgent need to mobilise investments, combined with the scarcity of impact-driven capital such as low-cost debt and grants, risks worsening existing debt burdens.
Mr. La Camera added: “IRENA has long called for smarter use of public funds to unlock private investment through risk-mitigation tools. Yet the heavy reliance on profit-driven capital is leaving developing countries behind. Where private finance won’t flow, the public sector must lead—backed by stronger multilateral and bilateral cooperation and scaled-up climate finance.”
The report also highlights that investment in energy transition supply chains and manufacturing remains critical but is highly concentrated. China accounted for 80% of global investment in manufacturing facilities for solar, wind, battery, and hydrogen technologies between 2018 and 2024.
Encouragingly, new factories are beginning to emerge outside advanced economies and China, expanding energy security and socio-economic benefits to other developing regions.
Overall, global investment in factories producing solar, wind, battery, and hydrogen technologies fell by 21% to USD 102 billion in 2024, driven by a significant drop in solar PV manufacturing investment. In contrast, battery factory investment nearly doubled to USD 74 billion, reflecting rising demand for storage in grids, electric vehicles (EVs), and data centres.
Foreign direct investment—through joint ventures, technology partnerships, and knowledge sharing—will be essential for strengthening international cooperation and expanding energy transition manufacturing in emerging and developing economies, including through South-South collaboration.
In addition, dedicated policies are needed to ensure these activities are conducted in a socially and environmentally sustainable manner and that their benefits are shared equitably.
Ghana: Gov’t Announces Steps To Take Over Springfield’s E&P Interest In WCTP Block 2
Ghana’s Ministry of Energy and Green Transition on Wednesday announced that steps have been initiated for a possible takeover of indigenous upstream player Springfield Exploration and Production’s (SEP) Afina-1X oil well in the West Cape Three Points Block 2 (WCTP2).
A statement issued by the Ministry, confirming the government’s decision, indicated that the upstream regulator, the Petroleum Commission, together with the Ghana National Petroleum Corporation (GNPC), has begun a procurement process to hire an independent technical consultant and a transactional advisor to advance the effort.
The mandate of the consultant and advisor includes conducting a comprehensive technical evaluation of the WCTP2 block, undertaking a full audit and verification of past expenditures, and preparing financial and commercial due-diligence reports. In addition, they are to carry out an independent valuation of Springfield’s interest.
According to the Ministry, the rationale behind this move is to help arrest the decline in crude oil production, which currently hovers around 150,000 bopd, down from over 200,000 bopd in 2019. The downward trend in output has been a major concern for industry players and energy analysts.
The Ministry believes this intervention is essential to prevent further delays to field development, unlock the block’s long-term economic value, sustain upstream activity and associated national revenues, and enhance Ghana’s overall energy security.
“With Ghana’s national crude oil production declining over recent years, coupled with uncertainties within the global energy transition, Government considers it urgent to advance the development of the WCTP2 resource base,” the Ministry stated.
Despite the ongoing process for a possible takeover of SEP’s interest, the Ministry assured that the government remains fully committed to deepening the participation of indigenous Ghanaian companies, strengthening national technical capacity and skills transfer, and ensuring that Ghana’s local content framework continues to guide upstream operations.
It further noted that the process is being carried out without prejudice to any ongoing investigations concerning SEP or its affiliated entities by the appropriate state institutions.
“Due process and institutional independence remain fully respected,” the Ministry added.
It would be recalled that the Afina-1X well, originally drilled in 2019, is located at a water depth of 1,030 metres and reaches a total depth of 4,085 metres.
The well uncovered a 65-metre-thick light oil reservoir, with 50 metres of net oil pay in high-quality Cenomanian sandstone formations. Additionally, 10 metres of gas- and condensate-bearing sands were encountered in Turonian-age formations at the structure’s edge.
Springfield E&P later claimed that the Afina-1X discovery straddles Eni’s Sankofa field, which is also located within the WCTP area, prompting the Ministry of Energy under the previous government to direct both companies to jointly develop the resource for the nation’s maximum benefit.
That directive resulted in contention between the two companies, with Springfield E&P filing a legal suit against Eni in Ghana, while Eni initiated a suit against Springfield E&P in London.
To ensure harmony in the upstream sector and restore investor confidence, President John Dramani Mahama, upon assuming office, reversed the directive—a decision subsequently confirmed by the Ministry of Energy and Green Transition in a statement to the media.
Following the reversal, Eni and its OCTP partners in September 2025, during the Africa Oil Week (AOW) in Accra, signed an MoU to invest US$1.5 million in their operations in Ghana.
This portal will keep readers updated on how the industry responds to this latest development.
Nigeria: Two People Convicted For Assaulting Kaduna Electric Staff
A Magistrate Court on Ibrahim Taiwo Road in Kaduna, Federal Republic of Nigeria, has convicted two individuals, Mahmud Mohammed and Mubarak Mohammed, for criminal conspiracy, assault, and causing bodily harm to a Kaduna Electric staff member who was performing official duties at Ungwan Shanu.
The court found the accused persons guilty and sentenced them to six (6) months’ imprisonment with an option of a ₦10,000 fine and one (1) month of community service under Section 240 of the Penal Code Law, 2017, for the offence of assault.
For the offence of causing bodily harm, the court sentenced them to one (1) year imprisonment with an option of a ₦50,000 fine and two (2) months of community service.
For criminal conspiracy, they were sentenced to six (6) months’ imprisonment with an option of a ₦20,000 fine and one (1) month of community service.
In addition, the convicts were ordered to pay ₦100,000 as compensation to the assaulted staff member.
While acknowledging the judgment, Kaduna Electric’s Head of Legal Department expressed concern that the option of fines may not serve as a sufficient deterrent for such serious offences against frontline utility workers.
“The conviction is a step in the right direction for the protection of law-abiding citizens and the critical workforce,” the Head of Legal Department stated in a statement issued by the company. “However, this outcome highlights a pressing need to critically review the penal code and the broader legal framework surrounding the Nigerian Electricity Supply Industry. The consequences for assaulting essential service personnel must be substantial enough to truly deter potential offenders and reflect the gravity of such acts, which disrupt essential services and endanger lives.”
The company reiterated its zero-tolerance policy toward any form of assault, intimidation, or harassment of its staff while they carry out their lawful duties.
“Customers and members of the public are reminded to seek redress for any grievances through appropriate and lawful channels,” the company advised.
South Africa: Court Charges Malusi Gigaba With Corruption Over Transnet Tender Deal
A South African court has charged former Public Enterprises Minister Malusi Gigaba with corruption related to a multi-billion-rand tender at Transnet, according to a report by SABC.
Gigaba appeared in the Palm Ridge Magistrate’s Court in Johannesburg alongside four other accused persons on Tuesday, November 18, 2025.
The case centres on the procurement of more than 1,000 locomotives valued at over R54 billion.
Transnet SOC Ltd is South Africa’s largest rail, port, and pipeline company, headquartered at the Carlton Centre in Johannesburg.
Turkish-Flagged LPG Tanker Struck By Drone Near Ukrainian Port
Another Russian overnight massive drone and missile attack on Ukraine has had some serious spillover effects, as the Turkish flagged LPG tanker “Orinda” carrying thousands of metric tons of liquefied petroleum gas was reportedly struck at the port of Izmail in Odesa.
The Turkish vessel was reportedly struck directly by a Russian drone, prompting the immediate evacuation of all 16 crew members, with no casualties reported. Other civilian vessels were also damaged, with firefighting and emergency crews quickly dispatch to try and contain the blaze. At least a dozen commercial vessels have previously been damaged in similar Russian drone attacks on the port.Romania is alarmed as the impacted port lies just across the border from the NATO country, and it has ordered the nearby village of Plauru along the Ukraine border to be evacuated.
OPEC Chief Accuses Media Of “Misrepresenting” 2026 Oil Outlook
OPEC does not project an oil supply surplus for 2026, the secretary-general of OPEC, Haitham al Ghais, told CNBC today, slamming the media for covering its Monthly Oil Market Report inaccurately.
“There was a misrepresentation by some media about our monthly market report,” al Ghais said, “specifically regarding the messages and a narrative that was being created out of reading some of our numbers. For example, things related to the market being in a surplus next year.”
Indeed, as Oilprice reported last week, OPEC said in its report that it expected the oil market to be in balance next year. The forecast was a revision of an earlier projection about a deficit, however, which prompted a selloff on oil markets and pushed international benchmarks lower.
The group said that oil production from non-OPEC countries would grow faster than expected, adding 1.3 million barrels daily to supply in 2026. Demand, OPEC said, would meanwhile grow at a rate of 1.6 million barrels daily, reaching a total of 106.2 million barrels daily.
In his talk with CNBC, Haitham al Ghais remarked that the Monthly Oil Market Report that OPEC produces is “very basic” and that there was “nothing complex about it”, possibly implying it was difficult to find the information contained in the report hard to understand or interpret, leading to inaccurate reporting.
Meanwhile, despite OPEC’s expectation of a balanced global crude oil market in 2026, analysts expect the group to keep adding production after a short pause at the start of the year, agreed at its latest meeting.
A survey that Bloomberg conducted among 25 traders and analysts earlier this month showed most of them expected more monthly additions to OPEC’s total, with only a handful anticipating a longer pause or even a reversal of the production policy.
Nigeria: Dangote Refinery Refutes Claims Linking Marketers’ Pump Price Cuts To Import Duty Suspension
Africa’s largest petroleum refinery, Dangote Petroleum Refinery, has dismissed reports suggesting that recent reductions in pump prices by oil marketers were driven by the Federal Government’s suspension of a 15 per cent import duty on petroleum products.
The company described the claim as misleading and inconsistent with market realities.
In a strongly worded statement issued on Monday, November 17, 2025, the refinery clarified that the adjustment in pump prices stemmed solely from its own decision to reduce ex-depot prices of Premium Motor Spirit (PMS) on November 6 — not from any government policy reversal.
According to the company, it slashed its PMS gantry price from N877 to N828 per litre, representing a 5.6 per cent reduction, and lowered its coastal price from N854 to N806 per litre.
These price cuts, it said, were publicly announced and widely reported across national media outlets well before oil marketers adjusted their pump prices.
Dangote Refinery stressed that the import tariff in question had received presidential approval from President Bola Ahmed Tinubu on October 21 for immediate implementation, but remained unimplemented at the time pump prices dropped.
Despite this, the company proceeded with its price reduction as part of its commitment to ensuring Nigerians benefit fully from domestic refining.
The refinery noted that since commencing operations, it has reduced prices more than seven times, absorbed logistics costs during festive seasons to maintain nationwide price uniformity, and helped end the recurring artificial fuel scarcity associated with the ember months.
It also countered claims that imported products are cheaper, insisting that most imported petrol — often falling below approved standards — has consistently been sold at higher pump prices than its premium-grade fuel. The company warned that allowing substandard imports encourages dumping, a practice that has historically crippled local industries, including Nigeria’s once-booming textile sector.
Dangote Petroleum Refinery reaffirmed its long-term commitment to Nigeria’s energy market, citing its more than $20 billion investment and its role in stabilising supply and moderating prices. The company stressed that it will not be deterred by the “short-term tactics” of speculative importers who enter and exit the market at will.
“Dangote Petroleum Refinery will continue to operate with integrity, transparency, and an unwavering commitment to Nigeria’s energy security,” the statement read, urging stakeholders and media outlets to rely on verified information in the interest of the public.
Nigeria: MDGIF Engages Chinese Firm To Build 500 CNG Refueling Stations In 3 Years
Nigeria has concluded discussions with a leading Chinese manufacturer, Endurance Group, to construct 500 Compressed Natural Gas (CNG) refueling stations across the country over the next three years.
The project is being spearheaded by the Midstream and Downstream Gas Infrastructure Fund (MDGIF).
Executive Director of the MDGIF, Mr. Oluwole Adama, told reporters after a meeting with the Chinese firm that the talks focused on creating a government-backed Special Purpose Vehicle (SPV) to be promoted by the MDGIF, the Bank of Industry (BOI), Endurance Group, and Séquor Investment Partners.
“The collaboration underscores the parties’ commitment to accelerating Nigeria’s transition to cleaner fuels by addressing infrastructure gaps across the country’s CNG value chain.
“Under this agreement, we will set up the Compressed Natural Gas Auto Mobility Infrastructure Company (CAM InfraCo), which will be used to deploy 500 integrated CNG refueling stations.
“We will develop Liquified CNG gas supply infrastructure and provide CNG and LNG transportation trucks with truck-mounted cascades, forming a virtual pipeline across all states nationwide,” Adama said.
He explained that the project would help ease the long queues currently experienced at existing CNG filling stations by expanding access to refueling points and ensuring consistent supply through improved logistics and distribution systems.
Similarly, the Senior Special Adviser to the President on Special Duties and Domestic Affairs, Mr. Oluwatoyin Subair, said the project aligns with President Bola Tinubu’s vision of strengthening national energy security.
Subair noted that the President’s plan aims to deepen the use of auto-CNG and reduce overdependence on Premium Motor Spirit (PMS) and diesel, particularly within the transportation sector.
He added that the initiative supports the administration’s broader economic reforms geared toward promoting cleaner and more affordable energy alternatives while creating new employment opportunities within the domestic gas value chain.
Also speaking, the CEO of Endurance Group, Mr. Eric Lin, said the objective of the SPV is to establish a nationwide CNG refueling, maintenance, and logistics ecosystem.
According to him, it aims to lease CNG-related equipment to certified operators while ensuring a consistent and reliable gas supply through a world-class virtual pipeline network.
CAM InfraCo’s leasing and logistics strategy is designed to deliver a commercially viable and resilient national CNG refueling network.
The strategy focuses on moving CNG from strategically located mother stations to underserved northern corridors and rapidly growing southern clusters.
It will leverage existing hubs and planned infrastructure to support sustainable and cost-effective market expansion across the country.
He explained that the project would help ease the long queues currently experienced at existing CNG filling stations by expanding access to refueling points and ensuring consistent supply through improved logistics and distribution systems.
Similarly, the Senior Special Adviser to the President on Special Duties and Domestic Affairs, Mr. Oluwatoyin Subair, said the project aligns with President Bola Tinubu’s vision of strengthening national energy security.
Subair noted that the President’s plan aims to deepen the use of auto-CNG and reduce overdependence on Premium Motor Spirit (PMS) and diesel, particularly within the transportation sector.
He added that the initiative supports the administration’s broader economic reforms geared toward promoting cleaner and more affordable energy alternatives while creating new employment opportunities within the domestic gas value chain.
Also speaking, the CEO of Endurance Group, Mr. Eric Lin, said the objective of the SPV is to establish a nationwide CNG refueling, maintenance, and logistics ecosystem.
According to him, it aims to lease CNG-related equipment to certified operators while ensuring a consistent and reliable gas supply through a world-class virtual pipeline network.
CAM InfraCo’s leasing and logistics strategy is designed to deliver a commercially viable and resilient national CNG refueling network.
The strategy focuses on moving CNG from strategically located mother stations to underserved northern corridors and rapidly growing southern clusters.
It will leverage existing hubs and planned infrastructure to support sustainable and cost-effective market expansion across the country. EU Approves ADNOC’s €14.7 Bn Covestro Takeover
The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reported.
The Commission announced the decision on November 14, requiring ADNOC to adhere to several commitments to address competition concerns.
The conditional green light requires ADNOC to fulfill commitments, including amending its articles of association and allowing other industry players access to specific Covestro sustainability-related patents.
These required measures aim to ease competition concerns that were raised during the review process.
The €14.7 billion takeover is ADNOC’s largest-ever acquisition and is one of the most significant purchases of an EU-based company by a Gulf state.
The deal had drawn intense scrutiny from EU regulators worried that state support could unfairly bolster ADNOC’s bid.
The Commission had paused its investigation in early September while awaiting additional information, then resumed the process on October 24, as sources familiar with the process told Reuters last week.
To address the EU’s concerns, ADNOC had previously agreed to alter governance rules linked to its unlimited state guarantee and pledged to keep Covestro’s intellectual property within Europe, later adjusting its offer after receiving feedback from competitors and customers.
Ghana: EMG Announces Nominees For 9th Ghana Energy Awards
The Energy Media Group, organisers of the prestigious Ghana Energy Awards (GEA), has announced the nominees list for the 2025 edition of the awards scheme.
This year’s nomination window, which ran from 9th September to 31st October 2025, received an impressive 500+ submissions, including a remarkable number of first-time entrants, reflecting the growing national interest in celebrating excellence within the energy sector.
The 2025 edition features flagship honours such as Energy Personality of the Year (Male and Female), Chief Executive of the Year (Power and Petroleum), Chief Green Trailblazer Award, Emerging Female Leader in Energy Award, Energy Signature Award, Energy Sector Operational Resilience Award, and Energy Advocate of the Year, among many others.
Together, these categories highlight the diverse range of individuals, companies, and institutions whose outstanding contributions continue to shape and transform Ghana’s energy ecosystem.
Upholding its reputation for integrity, transparency, and due diligence, the Ghana Energy Awards implemented a rigorous multi-stage evaluation process. The Secretariat, in close collaboration with the distinguished Awarding Panel, conducted detailed reviews, validation exercises, and nationwide site visitations to authenticate submissions and ensure fairness in the shortlisting process.
This year’s Awards is themed “Repositioning the Energy Sector as a Pillar of National Development.” The theme reflects a renewed call for bold innovation, decisive reforms, and strengthened cross-sector linkages to position the energy sector at the heart of Ghana’s socio-economic transformation.
Anticipation is now building for the Awards Night, scheduled for Friday, 28th November 2025, at the Labadi Beach Hotel, Accra. The event will convene leading policymakers, regulators, CEOs, industry experts, and innovators for an evening dedicated to celebrating excellence and transformational leadership in Ghana’s energy sector.
Organised by the Energy Media Group, the Ghana Energy Awards continues to honour outstanding achievements while inspiring healthy competition and progressive thought leadership across the sector.
The scheme is fully endorsed by the Ministry of Energy, its allied agencies, and the World Energy Council, Ghana, with independent validation by Forvis Mazars and Casely Brooke Law Firm.
9TH GHANA ENERGY AWARDS: OFFICIAL SHORTLISTED NOMINEES RELEASED
- Energy Personality of the Year – Male
- Yussif Sulemana – Technical Advisor to the Minister for Energy and Green Transition
- Afetsi Awoonor – Managing Director, BOSTenergies Company Limited
- Shafic Suleman – Executive Secretary, Public Utilities Regulatory Commission
- Kwame Kpekpena – Managing Director, Electricity Company of Ghana
- Elikplim Apetorgbor – Chief Executive Officer, Chamber of Independent Power Producers
- Duncan Amoah – Executive Secretary, Chamber of Petroleum Consumers
- Edward Ekow Obeng-Kenzo – Chief Executive, Volta River Authority
- Maurizio Pinna – Managing Director, Eni Ghana Exploration & Production
- Kow Eduakwa Sam – Chief Executive Officer, Bui Power Authority
- Oscar Amonoo-Neizer – Managing Director, Karpowership Ghana Company Limited
- Mark Baah – Chief Executive, Ghana Grid Company Limited
- Kate Quartey-Papafio – Chairperson, Reroy Group
- Judith Adjobah Blay – Chief Executive Officer, Ghana National Gas Limited Company
- Victoria Emeafa Hardcastle – Chief Executive Officer, Petroleum Commission
- Nana Yaa Jantuah – Presidential Staffer, Presidency
- Adlai Opoku-Boamah – Managing Director, Enclave Power Company
- Kow Eduakwa Sam – Chief Executive Officer, Bui Power Authority
- Kwame Kpekpena – Managing Director, Electricity Company of Ghana
- Oscar Amonoo-Neizer – Managing Director, Karpowership Ghana Company Limited
- Maurizio Pinna – Managing Director, Eni Ghana Exploration & Production
- Afetsi Awoonor – Managing Director, BOSTenergies Company Limited
- Joseph Kwaku Horgle – Chief Executive Officer, JK Horgle Transport and Company Limited
- Judith Adjobah Blay – Chief Executive Officer, Ghana National Gas Limited Company
- Michael Bozumbil – Chief Executive Officer, PETROSOL Platinum Energy
- Kadijah Amoah – Chief Executive Officer, Pecan Energies Ghana Limited
- Lesley Arthur – Chief Executive Officer, Cubica Energy
- Kow Eduakwa Sam – Chief Executive Officer, Bui Power Authority
- Emelia Akumah – President, Africa Energy Technology Centre
- Joseph Kwaku Horgle – Chief Executive Officer, JK Horgle Transport and Company Limited
- Samuel Ampem-Asare – Director, Innovation and Strategic Business Management, Electricity Company of Ghana
- Seth Mahu – Director, Renewable Energy and Green Transition, Ministry of Energy and Green Transition
- Justice Ohene-Akoto – Executive Director, Africa Sustainable Energy Centre
- Yussif Sulemana – Technical Advisor to the Minister for Energy and Green Transition
- Baluri Kassim Bukari – Manager, External Relations, Local Content and Sustainability, Eni Ghana Exploration & Production
- Donald A. Marshall – Founder, Mframadan Energy Management and Research Institute, and D.McHall Project Consulting
- Women in Oil and Gas
- Ghana National Petroleum Corporation
- Africa Sustainable Energy Centre
- Eni Ghana Exploration & Production
- JK Horgle Transport and Company Limited
- Sunon Asogli Power
- Enclave Power Company
- Arthur Energy Africa
- Electricity Company of Ghana
- Volta River Authority
- Ghana Grid Company Limited
- PETROSOL Platinum Energy
- BOSTenergies Company Limited
- Ghana National Gas Limited Company
- Eni Ghana Exploration & Production
- JK Horgle Transport and Company Limited
- GOIL PLC
- Translight Solar Limited
- Bui Power Authority
- Meinergy Technology Limited
- SolPower Company Limited
- Africa Sustainable Energy Centre
- National Petroleum Authority
- University of Mines and Technology
- Chamber of Petroleum Consumers
- Petroleum Hub Development Corporation
- Energy Commission
- Regional Centre for Energy and Environmental Sustainability – University of Energy and Natural Resources
- ECG Training Centre
- Mframadan Energy Management and Research Institute
- Amy-Esther Attakora Addo – Manager, Technical Audit Section, Volta River Authority
- Doris Duodu – Deputy Director, Bioenergy/Clean Cooking Focal Person, Ministry of Energy and Green Transition
- Susana Tiwaah Badu-Osei – Plant Operations Manager, Power Operations Department, Bui Power Authority
- Emelia Akumah – President, Africa Energy Technology Centre
- Kwadwo Asante Addo – Civil Engineer, Water Resources and Renewable Energy Department, Volta River Authority
- Humble Addom Courage – Chief Executive Officer, Gye Nyame Card Global
- Samuel Kyei-Boateng – Project Manager, Helios Solar
- Elvis Twumasi – Director, Research and Innovation, Africa Sustainable Energy Centre
- Ebenezer Azeave – Manager, Renewables, Bui Power Authority
- Hubert Nsoh Zan – Assistant Manager, Energy Efficiency, Energy Commission
- Signorenza Assem – Project Assistant, Digital Transformation Project, Electricity Company of Ghana
- Richmond Alamu, Asset Integrity and Maintenance Manager, Ghana National Gas Limited Company
- Michael Yevu – Regional Business Development Manager, Puma Energy
- Deborah Adjei – Project Documentation Lead and Site Administrator, Renewable Energy Department, Bui Power Authority
- Spes Enyonam Gbeddy – Senior Electrical Engineer, Protection and Control Section, Ghana Grid Company Limited
- Miriam Randolph-Akushie – Director, Business Development, Africa Sustainable Energy Centre
- Priscilla Martey Odetsi – Planning Engineer, Technical Services Department, Volta River Authority
- Kofa Technologies
- Gye Nyame Card Global
- Africa Sustainable Energy Centre
- Wahu Mobility
- McHall Project Consulting
- Samuel Gyamfi – Dean, School of Energy, University of Energy and Natural Resources
- Duncan Amoah – Executive Secretary, Chamber of Petroleum Consumers
- Justice Ohene-Akoto – Executive Director, Africa Sustainable Energy Centre
- Kwaku Sarpong Akosa – Director, Engineering Services, Bui Power Authority
- Sulemana Abubakari – Acting Director, Power, Ministry of Energy and Green Transition
- Bellona-Gerard Vittor-Quao – Manager, External Communications, Nuclear Power Ghana
- Humble Addom Courage – Chief Executive Officer, Gye Nyame Card Global
- Donald A. Marshall – Founder, Mframadan Energy Management and Research Institute, and D.McHall Project Consulting
- Samuel Gyamfi – Dean, School of Energy, University of Energy and Natural Resources
- Lesley Arthur – Chief Executive Officer, Cubica Energy
- Matthew Seddoh Akatey – General Manager, Engineering and Operations, Helios Solar
- Elvis Twumasi – Director, Research and Innovation, Africa Sustainable Energy Centre
- Puma Energy
- GOIL PLC
- PETROSOL Platinum Energy
- TotalEnergies Marketing Ghana PLC
- JK Horgle Transport and Company Limited
- Star Oil Ghana
- Mark Kwasi Ahumah Smith – A1 Radio
- Shadrack Odame Agyare – Metro TV
- Kwabena Adu Koranteng – The National Voice Newspaper
- Mabel Adokor Annang – Ghana Broadcasting Corporation
- Emmanuel Aboagye-Wiafe – Energy Crossroad
- Kweku Bolton – Ghana Broadcasting Corporation
- McHall Project Consulting
- Gye Nyame Card Global
- Aetos Engineering Solutions
- Electricity Company of Ghana
- University of Mines and Technology
- Energy Commission
- Eni Ghana Exploration & Production
- Bui Power Authority
- University of Energy and Natural Resources
- Meinergy Technology Limited
- Africa Sustainable Energy Centre
- Mframadan Energy Management and Research Institute
- Eureka Chamber of Energy Solutions
- Chamber of Petroleum Consumers
- Africa Sustainable Energy Centre
- Institute for Energy Security
- Elvis Twumasi – Director, Research and Innovation, Africa Sustainable Energy Centre
- Julius Nkansah-Nyarko – Senior Manager, Renewable Energy Regulation, Energy Commission
- Yussif Sulemana – Technical Advisor to the Minister for Energy and Green Transition
- Justice Ohene-Akoto – Executive Director, Africa Sustainable Energy Centre
- Bellona-Gerard Vittor-Quao – Manager, External Communications, Nuclear Power Ghana
- Duncan Amoah – Executive Secretary, Chamber of Petroleum Consumers
- Riverson Oppong – Chief Executive Officer, Chamber of Oil Marketing Companies
- Hubert Nsoh Zan – Assistant Manager, Energy Efficiency, Energy Commission
- Dr. Robert Bright Mawuko Sogbadji – Deputy Director, Nuclear and Emerging Green Techologies, Ministry of Energy and Green Transition
- West African Gas Pipeline Company Limited
- Enclave Power Company
- Electricity Company of Ghana
- JK Horgle Transport and Company Limited
- Karpowership Ghana Company Limited
- Sunon Asogli Power
- Bui Power Authority
- Volta River Authority
- Zoil Services Limited
- Eni Ghana Exploration & Production
- Gye Nyame Card Global
- Bui Power Authority
- Mframadan Energy Management and Research Institute
- Electricity Company of Ghana
- SolPower Company Limited
- National Petroleum Authority
- Gye Nyame Card Global
- Chamber of Oil Marketing Companies
- Ghana Grid Company Limited
- Eni Ghana Exploration & Production
- Ghana National Gas Limited Company
- West African Gas Pipeline Company Limited
- Vivo Energy Ghana PLC
- Eni Ghana Exploration & Production
- Chamber of Petroleum Consumers
- Bui Power Authority
- TotalEnergies Marketing Ghana PLC
- Ghana National Gas Limited Company
- Aetos Engineering Solutions
- Enclave Power Company
- Bui Power Authority
- Ghana National Petroleum Corporation
- Electricity Company of Ghana
- Volta River Authority
- Eni Ghana Exploration & Production
- Ghana National Gas Limited Company
- Zoil Services Limited
- Electricity Company of Ghana
- Ghana National Gas Limited Company
- McHall Project Consulting
- Energy Commission
- Eni Ghana Exploration & Production
- 7Eleven Energy Services
- Ghana National Petroleum Corporation
- Eni Ghana Exploration & Production
- MODEC
- GRO Oilfield Alliance Ghana
South Africa: G20 Investment Forum To Highlight Africa’s Energy Projects As Global Investment Priority
Ahead of the G20 Summit, the G20 African Energy Investment Forum, hosted by the African Energy Chamber (AEC), will convene top global and African energy and finance leaders to discuss how investment, innovation and partnerships can unlock Africa’s energy potential and drive sustainable economic growth.
Scheduled for November 21 in Johannesburg, the program will feature a series of high-level fireside chats examining the role of international capital, development finance and local expertise in transforming Africa’s energy landscape, in line with G20 priorities on infrastructure, energy security and private-sector mobilization.
Highlighting deepening ties between Africa and the Middle East, one session will examine how Saudi-led investment is driving Africa’s energy transformation. As Saudi companies expand their commitment to the continent – with Saudi Arabia pledging $41 billion over the next decade to support Sub-Saharan Africa – the conversation will spotlight cross-border partnerships delivering renewable and conventional energy projects.
These initiatives provide the scale, expertise and capital needed to accelerate the continent’s energy transition while meeting rapidly growing demand.
Development finance institutions and multilateral organizations will take center stage in a discussion on enhancing local market access. Speakers will examine strategies for reducing barriers to investment and creating financing frameworks that can mobilize private capital across Africa.
Efficient capital deployment at this moment is critical for determining the pace of the continent’s energy growth and achieving G20-aligned development objectives.
Another session will provide insight into Africa’s gas potential and its role in both regional industrialization and the global energy transition. By positioning gas as both a transitional and strategic resource, the conversation will highlight how the continent can strengthen energy security while advancing its own economic development.
A fireside chat on de-risking capital and removing investment barriers will focus on practical approaches to mitigating investment risks, structuring finance and creating investment-ready projects that can attract both regional and international private capital – an essential step for turning Africa’s energy opportunities into tangible development outcomes.
“Africa’s energy transformation depends on connecting global investors with African projects, while giving local stakeholders a central role in shaping outcomes. These sessions will turn discussions into action, helping unlock the capital and partnerships needed to power growth, create jobs and support sustainable development,” said NJ Ayuk, Executive Chairman of the AEC.
As global attention turns to Africa ahead of the G20 Summit, the forum will not only showcase the continent’s energy potential but also demonstrate how strategic investment, collaboration and innovative finance can deliver results. From mobilizing private capital to strengthening local markets and advancing the energy transition, these conversations are set to define the next chapter of Africa’s energy story and its growing role in the global investment ecosystem.
Confirmed speakers include:
- Hon. Kgosientsho Ramokgopa, Minister of Energy and Electricity, South Africa
- Alfred Seem, Group Executive: Strategic Delivery Unit, Eskom
- Olu Verheijen, Special Adviser to the Nigerian President on Energy, Nigeria
- Samaila Zubairu, President & CEO, Africa Finance Corporation (AFC)
- Acha Leke, Chairman, McKinsey Africa
- Sesakho Magadla, Interim CEO, PetroSA
- Wale Tinubu, CEO, Oando
- Titus Mathe, CEO, SANEDI
- Nick Rowley, Managing Director, Green Asset Exchange
- Rene Awambeng, CEO, Premier Invest
- Kara Neale, Commercial Leader, Clarke Energy
- Nzan Ogbe, CEO, Levene Energy
- Simon Karikari, CEO, Vodacom Mozambique
- Samira Mensah, Managing Director, Head of Ratings Africa, S&P Global
- Anibor Kragha, Executive Secretary, ARDA
- Dele Kuti, Global Head: Energy and Infrastructure, Standard Bank
- Adrian Strydom, Executive Director/CEO, SAOGA
- Lida Preyma, Founder & CEO, Cēlandaire Capital
- Simon Van Wyk, Director of Sustainability & ESG, Deloitte Africa
- Selma Shimutwikeni, Founder & CEO, RichAfrica Consultancy
- Tamsin Donaldson, Head of Communications and Public Relations, Petredec
- NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).
- Sesakho Magadla, Interim CEO of PetroSA
- Rene Awambeng, Founder and Managing Director of Premier Invest.
Ghana: PPA Renegotiation – Gov’t Can’t Take Credit For Fixing Its Own Mess – Egyapa Mercer
Former Deputy Minister of Energy under the immediate past New Patriotic Party (NPP) administration, Hon. Andrews Egyapa Mercer, has questioned the government’s attempt to claim praise for renegotiating what he described as expensive power purchase agreements (PPAs) with nine Independent Power Producers (IPPs), which reportedly lowered tariffs and resulted in purported US$250 million in savings.
He recalled that the PPAs renegotiated by the government through the Ministry of Energy and Green Transition were originally signed during President John Mahama’s first term in office (2012-2016).
Mercer’s comments come in response to the recent announcement in the 2026 Budget Statement, presented by Finance Minister Dr. Cassiel Ato Forson, that the government’s renegotiation of PPAs with IPPs has saved Ghana over US$250 million.
According to him, the ruling government should not rewrite history or distort the country’s accountability.
“This is a classic case of political theater where credit is claimed for resolving a crisis the same government created during its previous administration.
Between 2012 and 2016, under President John Mahama and the NDC government, Ghana contracted excessive and costly PPAs with IPPs,” he asserted.
He explained that these contracts overshot the country’s actual power needs—nearly double the required capacity—forcing taxpayers to pay for unused excess power, which drained public finances significantly.
“This reckless energy sector expansion was a major contributor to the economic downturn before and during the COVID-19 pandemic. The financial burden was borne by every Ghanaian and became a key reason the economy was labeled mismanaged. The current government conveniently ignores this origin and positions itself as the savior for ‘renegotiating’ these contracts. In truth, it was the succeeding NPP administration that took on the challenge of renegotiating payment terms with the IPPs, achieving some success despite many difficulties,” he added.
He noted that claims in the budget statement that about US$1.5 billion was paid to honor renegotiated PPA commitments and reduce legacy arrears, with the government now claiming savings of over US$250 million, oversimplify the situation.
Mr. Mercer acknowledged that while these steps by the ruling government are important, they build on efforts first made by the NPP government to address inherited debt.
“To claim credit now for reworking agreements fundamentally linked to policies and contracts signed by the same political actors in 2016 is disingenuous. Such claims appear designed to deceive the public and rewrite history for political gain,” he stated.
He stressed that Ghanaians deserve transparency and accountability, adding that the country must not normalize financial irresponsibility or accept that governments can create crises and then take credit for fixing their own messes.
According to Mercer, the energy sector needs genuine reform rooted in prudence and transparency, not political spin. Until then, credit-taking for cleaning up self-inflicted wounds will be rightly viewed with skepticism.
“The lesson is clear: one cannot claim credit for cleaning up a financial mess they themselves helped create. The people of Ghana deserve honesty and leadership that acknowledges past mistakes,” he concluded.
Ghana: Ex-President Kufuor Urges NPA CEO To Uphold Integrity And Professionalism
Ghana’s former President, John Agyekum Kufuor, has urged the Chief Executive of the National Petroleum Authority (NPA), Mr. Godwin Kudzo Tameklo Esq., to administer the Authority with integrity and professionalism for the benefit of the downstream petroleum industry.
He noted that such an approach would protect both the CEO and the Authority from any form of embarrassment and ensure effective regulation of the sector.
Former President Kufuor gave the advice when Mr. Tameklo, accompanied by some senior staff of the Authority, paid a courtesy call on him at his Peduase residence to formally inform him about the upcoming NPA @20 anniversary celebrations and extend an invitation to him.
The National Petroleum Authority (NPA) was established under the NPA Act of 2005 (Act 691) during the Kufuor administration to regulate, oversee, and monitor Ghana’s downstream petroleum industry.
Headquartered in Accra, the NPA ensures that the industry operates efficiently, profitably, and fairly, providing consumers with value for money.
Former President Kufuor expressed appreciation for the visit and recognition, and accepted the invitation to participate in the celebrations.
NPA CEO Tameklo commended the former President for conceiving the idea of establishing the Authority.
He also invited him to take part in the anniversary activities.
The NPA delegation included Mr. Joseph Awan – Director of Risk and Chairman of the 20th Anniversary Planning Committee; Mrs. Maria Oquaye – Director of Corporate Affairs and Co-Chair of the Planning Committee; Mrs. Racheal Naa Atswei Nee-Okpey – Head of Communications; Mrs. Genevieve Bissue – Head of Protocol and Logistics; Mr. Emmanuel Mensah Hanson – Executive Assistant to the CEO; and Mr. Maxwell Boakye – Special Aide to the CEO.
Ghana: Energy Commission Deepens Collaboration With Renewable Energy Stakeholders
Ghana’s technical regulator for electricity and natural energy, the Energy Commission, has engaged renewable energy sector players to strengthen collaboration between the industry and the regulator.
The engagement, held at the City Escape Hotel in the Airport Residential Area on November 12, 2025, brought together over 40 participants from across the renewable energy sector.
Chaired by the Commission’s Board Chairman, Prof. John Gartchie Gatsi, the meeting focused on enhancing collaboration, improving compliance, and addressing key industry concerns.
Prof. Gatsi emphasized the importance of timely license renewals, proper labeling of imported equipment, and adherence to the Hazardous and Electronic Waste Control and Management Act, 2016 (Act 917).
“We will continue to organize sensitization programmes to ensure no one is left behind,” he assured.
The meeting also highlighted plans to launch a digital portal for online license applications and monitoring, aimed at enhancing efficiency and transparency.
Stakeholders engaged the Commission with various questions on issues such as net metering, license categorization, local content, and dispute resolution. Suggestions included extending license renewal periods and introducing solar-powered water pumps to support rural development.
The Acting Executive Secretary, Mrs. Eunice Biritwum, together with the Heads of Legal and Renewable Energy Regulation, addressed all concerns and reaffirmed the Commission’s commitment to supporting industry growth through collaboration and continuous education.
The engagement ended on a positive note, with renewed commitment from both the Commission and stakeholders to build a compliant, transparent, and sustainable renewable energy sector for Ghana.
“We will continue to organize sensitization programmes to ensure no one is left behind,” he assured.
The meeting also highlighted plans to launch a digital portal for online license applications and monitoring, aimed at enhancing efficiency and transparency.
Stakeholders engaged the Commission with various questions on issues such as net metering, license categorization, local content, and dispute resolution. Suggestions included extending license renewal periods and introducing solar-powered water pumps to support rural development.
The Acting Executive Secretary, Mrs. Eunice Biritwum, together with the Heads of Legal and Renewable Energy Regulation, addressed all concerns and reaffirmed the Commission’s commitment to supporting industry growth through collaboration and continuous education.
The engagement ended on a positive note, with renewed commitment from both the Commission and stakeholders to build a compliant, transparent, and sustainable renewable energy sector for Ghana.