African Energy Week (AEW) to Host Powering Africa Summit in Cape Town
The African Energy Week (AEW): Invest in African Energy conference, Africa’s premier event for the energy sector, will take place in Cape Town this November, hosting the Powering Africa Summit. This summit will feature African energy and power ministers, global and regional industry stakeholders, financial institutions, and project developers, showcasing power generation and distribution projects driving Africa towards its universal electrification and industrialization targets.
Addressing Africa’s Energy Needs
With Africa’s population set to reach 2.5 billion by 2050, the continent’s estimated 125 billion barrels of crude oil, 620 trillion cubic feet of gas, and vast solar, wind, and hydropower resources represent the pathway to improving energy access and meeting rising power demand. The Powering Africa Summit aims to advance investment, technology, and innovation, paving the way for Africa’s industrial growth and power generation. The summit will focus on harnessing a mix of fossil fuel and clean energy solutions to optimize Africa’s generation and distribution capabilities.
Key Highlights of AEW 2024
Comprehensive Energy Integration
Harnessing and integrating all energy sources across the continent is crucial to addressing Africa’s prolific power needs. AEW: Invest in African Energy has become the platform of choice for project operators, financiers, technology providers, and government officials, emerging as the official place to sign deals in African energy. Visit AECWeek.com for more information about this exciting event.
Gas-to-Power Projects
With recoverable gas reserves capable of generating 400 GW of power, the Powering Africa Summit will assess opportunities and challenges within sourcing and integrating gas into Africa’s energy matrix. Notable projects include Senegal’s Sandiara and Cap des Biches, Angola’s Soyo II, Libya’s Tobruk, and South Africa’s Richards Bay gas-to-power facilities, set to bolster Africa’s power supply resilience. The summit will discuss the economic and environmental benefits of gas-to-power projects, competitive pricing, tariff structures, and market reforms needed to facilitate project financing and increase private sector participation.
Renewable Energy and Green Hydrogen
Africa is emerging as one of the fastest-growing markets for renewables and green hydrogen. Developments such as Namibia’s $10-billion Tsau/Khaeb, Mauritania’s $40-billion Aman, South Africa’s 40 GW Boegoebaai cluster, and Morocco’s Nour green hydrogen projects highlight Africa’s commitment to leveraging its solar and wind resources. Recent agreements between South Africa and Namibia, as well as the Tunisian Government with TotalEnergies and Austrian utility Verbund, underscore green hydrogen’s potential to strengthen African and global energy security. The summit will explore trends, technologies, and policy frameworks driving Africa’s green energy expansion, from PPPs to the future of batteries, hydrogen fuel cells, and e-mobility.
Nuclear Power Prospects
The summit will also promote Africa’s nuclear power prospects, exploring financial tools and local institutional, technological, and human capabilities for greenfield nuclear programs. Despite having only one operating facility in South Africa, Africa is an attractive market for nuclear power investments due to its vast uranium resources in Namibia, Uganda, and Niger. Burkina Faso’s partnership with Rosatom to construct a nuclear power plant, expected to double its power generation capacity by 2030, and the $482-million nuclear power project in South Africa financed by Stratek Global and Koya Capital are significant developments. Egypt’s $30-billion, 4.8 GW Dabaa Power Plant, constructed with Rosatom, further illustrates Africa’s nuclear ambitions.
Advancing Africa’s Power Generation Goals
“Harnessing and integrating all energy sources across the continent is the only viable solution to addressing Africa’s prolific power needs. The Powering Africa Summit will provide a platform for African and global stakeholders to advance technology and innovation to meet Africa’s power generation and energy mix diversification goals,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.
For more details, visit AECWeek.com.
