AOW: Investing in African Energy

Invictus Energy Limited has announced a fresh placement and fundraising through a listing on the Victoria Falls Stock Exchange, further supporting its exploration programme onshore Zimbabwe. Participation from the Republic of Zimbabwe’s Mutapa Investment Fund re-affirms the Government’s commitment to the project, as well as a partner to finalise and implement the anticipated PPSA legal and fiscal framework to govern the project moving forward. The placement was coordinated by Mangwana Capital with Alpine Capital acting as Corporate and Financial Adviser. It notably secured the participation from the state-owned Mutapa Investment Fund, Zimbabwe's Sovereign Wealth Fund. Read the full article here: https://lnkd.in/eAEGcaWU

There is less than 3 months until the monumental 30th edition of AOW: Investing in African Energy. #AOW2024 features 3 days of insights and networking for industry experts, innovators, and decision-makers to discuss Africa's energy landscape. With 75 speakers already confirmed, including representatives from Eni, Azule Energy, Exxon Mobil, and more, this years content will be unmissable. Read all about our upcoming edition in the July newsletter below. And don't forget to reserve your ticket today to save 25% before prices rise on July 31st!

As we prepare to meet up in Cape Town next October, the findings of the International Energy Agency (IEA)'s World Energy Investment Report 2024 are calling us to action! #Investment in Africa's energy sector is set to rise, but the continent still faces significant hurdles in achieving its climate goals, according to the IEA's latest report. Unlocking the continent’s energy potential will require sustained and coordinated action from both public and private stakeholders. Key #findings: • $110 billion to be invested in Africa's energy sector in 2024, with $40 billion allocated to #cleanenergy • 600 million Africans lack access to electricity, while 1 billion lack access to #cleancooking fuels • High cost of capital and financing challenges hinder clean energy growth • Annual investments need to exceed $200 billion to meet Africa's energy and #climategoals by 2030 Public #funding dominates the sector, with more than half of investment coming from government sources. However, only a third of utilities can recover operational and debt costs, even with subsidies. South Africa is an exception, with plans to establish an independent transmission project office to procure new transmission capacity using a build-operate-transfer model. To bridge the funding gap and drive growth, Africa's #energy sector must provide: • Innovative financing solutions • Increased private sector participation • Upgraded grid infrastructure to support new renewable energy projects • Mobilization of concessional finance to support energy access initiatives Without addressing these challenges, Africa risks missing its energy and climate targets. Let’s drive Africa’s clean energy transition and unlock the continent's vast energy potential! Attend #AOW2024 from 7-10 October: https://lnkd.in/dyEbMcyT

Exciting geothermal developments in Kenya! 🇰🇪 Exergy ORC and RENTCO AFRICA LIMITED have signed a game-changing cooperation agreement to expand #geothermal capacity in Kenya's Olkaria fields! This landmark project will add 67 MWe of geothermal power, utilizing state-of-the-art Flash and ORC power plant technologies. Key Highlights: • 67 MWe additional geothermal capacity • Exergy to provide 8 Organic Rankine Cycle systems (30 MWe total) • Cutting-edge Radial Outflow Turbine technology Why This Matters: 👉 Strengthens Kenya's leadership in geothermal energy 👉 Supports Africa's clean energy transition 👉 Enhances electricity access across East Africa. Kenya is already a #geothermal powerhouse, ranking in the global top 10 with 985 MW installed capacity. This project will help push it past the 1 GWe milestone in 2024! This collaboration underscores the growing focus on renewable energy in Africa. Together, we're harnessing the Earth's power for a sustainable future! International Geothermal Association #RenewableEnergy #Geothermal #CleanEnergy #AfricaEnergy #SustainableDevelopment #Kenya

🌍✨ Celebrating a Milestone in Upstream Innovation! This week, the AOW community celebrates with Eni the naming ceremony of FPSO Petrojarl Kong and FSO Yamoussoukro at Drydocks World in Dubai, marking a transformative leap for the Baleine field offshore Côte d'Ivoire! 🇨🇮 Both units, set to boost production to 60,000 barrels/day and enhance gas output, underscore Eni and PETROCI's commitment to sustainable growth and regional energy leadership. Proud to pioneer Africa’s first net zero-emission Upstream project, Eni continues to drive socio-economic progress in Côte d'Ivoire through innovation and partnership. 🚢💡 We congratulate all partners and contractors involved, including our sponsor Altera Infrastructure and look forward to more updates on the Baleine Project at AOW: Investing in African Energy this October! Read more here: https://rb.gy/2yrt5b #EnergyInnovation #SustainableDevelopment #EniAfrica

We are proud to welcome the Reconnaissance Energy Africa Ltd. as a Sponsor for AOW 2024! 🌟 ReconAfrica, is a publicly traded Canadian oil and gas company engaged in the exploration and appraisal of petroleum explorations in northeastern Namibia and Botswana. Network with ReconAfrica and other industry leaders at AOW 2024. Get your ticket now! https://lnkd.in/ee9xbppC #AOW2024 #investinginafricanenergy #Namibia #Botswana

Namibia continues to support M&A activity!   BW Energy has agreed to acquire a significant stake in Reconnaissance Energy Africa Ltd., bolstering their partnership in Namibian #energy projects. Both operators are already heavily involved in exploring and developing hydrocarbons in Namibia. ReconAfrica just started a key and much-anticipated onshore drilling campaign in the Kavango Basin, while BW Energy continues to progress the development of the Kudu Gas Project. Read more about the deal and what it means for the region's energy landscape: https://rb.gy/lmddc4   #Namibia #BWEnergy #ReconAfrica #AOW24

Honoring Nelson Mandela's Legacy on #MandelaDay! 🌟 AOW: Investing in African Energy is proud to commemorate the remarkable life of Mandela, embracing his vision of a united, prosperous Africa. Join us as we work together towards sustainable energy solutions and economic growth for our continent. Together, we can make a lasting impact! #AOW2024 #NelsonMandelaDay

Exciting news in the renewable energy space!   KenGen Kenya, Kenya’s state-owned electricity company, and Agence Française de Développement (AFD) have signed agreements to develop the 42.5MW Seven Forks Solar PV Plant.   This project will not only scale up Kenya's renewable energy capacity but also provide more affordable power to Kenyans. It aligns with Kenya’s goals of promoting sustainable development and reducing carbon emissions.   The East African nation is leading the way in Africa with its #cleanenergy ambitions, with solar power emerging as a key component of its clean energy mix.    #RenewableEnergy #Sustainability #Kenya #SolarPower

Xcalibur Smart Mapping are joining us at AOW 2024!⭐ A global leader in the airborne and mapping geophysics industry, Xcalibur Smart Mapping offer comprehensive solutions for mapping and assessing natural capital and resources. With over 1,400 projects executed and more than 50 million linear kilometers flown, their expertise spans six continents. Equipped with a fleet of 40 specialized aircraft and a team of 250+ highly qualified employees, Xcalibur leads the way in innovation and sustainable exploration. Meet Xcalibur Smart Mapping and many other industry leaders at AOW 2024! Get your ticket before July 31st to save 25%: https://lnkd.in/erpuBCWx #AOW2024 #XcaliburSmartMapping #Geophysics #SustainableEnergy #InnovationInEnergy