JOHANNESBURG, South Africa, November 24, 2020/ -- Africa
Oil & Power (AOP)
(/www.AfricaOilandPower.com) has launched its
Africa Energy Series: Africa Energy Finance 2020 digital report, as a
tool to identify financing needs across the energy value chain; The
continent is projected to require $29-39 billion in annual investment to
meet forecast energy demand and achieve universal electricity access by
2030; The downloadable report aligns with the Energy Finance Forum,
co-hosted as part of the upcoming AOP Conference & Exhibition 2021
(October 5-7) held in Cape Town. Africa Oil & Power has launched its
Africa Energy Series: Africa Energy Finance 2020
special report, in a bid to help eliminate barriers to private sector
participation and highlight key investment opportunities in power
generation and infrastructure development.
As Africa’s energy
investment needs total approximately $300-$400 billion within the next
decade, the report identifies a mix of public and private financing
solutions that can catalyze institutional investment, with a view to
bridging the financing gap and offsetting limited governmental capacity
to fund large-scale projects in light of COVID-19.
The report
serves as a tool for investors and African policymakers alike to
identify financial, regulatory and capacity constraints to private
investment, and provides proven strategies toward mitigating associated
risk.
Successful case studies include the establishment of
independent power producers in Kenya; the use of competitive auction in
South Africa’s Renewable Energy Independent Power Producer Procurement
program; and the mobilization of multilateral lenders to back gas
megaprojects like the Mozambique LNG Area 1 development, supported by an
opinion piece from Nj Ayuk, Executive Chairman of the African Energy
Chamber.
Dedicated exclusively to tackling issues of finance for a new decade of intra-African trade and investment,
AOP
will host the first-ever Energy Finance Forum, as part of the fifth
edition of its flagship Africa Oil & Power conference and exhibition
on October 5-7, 2021, in Cape Town. Aligned with the vision of
South Africa’s Department of Mineral Resources and Energy and
continental partners, the forum will offer a close-up on the continent’s
investment environment post-COVID-19 and competitiveness on the global
energy stage, under the theme “Invest Without Boundaries.”
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