Browsing: 2024 African Energy Outlook

Wind and solar energy | EAC renewable energy
  • The EAC has announced investments in wind and solar energy infrastructure.
  • Member states have launched various initiatives designed to catalyze and grow the use of renewable energies and energy conservation on the other.
  • To achieve this ambitious green future, the bloc needs political will, regulation, and the creation of national renewable energy laws.

The East African Community (EAC) partner states are working to enhance energy efficiency in the bloc even as reports show some members are doubling down on projects improving the extraction of fossil fuels.

During the Ministerial Session of the 16th Sectoral Council of Energy held at the EAC Headquarters in Arusha, Tanzania, the six-member bloc announced investments in wind and solar energy infrastructure, driving the region closer to an era of green economy.

Although the investment amount was not specified, the ministers highlighted the goal of utilising wind, solar, and geothermal energy as sustainable sources for …

African oil and gas industry | global energy transition

Africa’s oil and gas industry looks flat in the final quarter of 2023. That is, as AEC details in its newly released 2024 African Energy Outlook, capital expenditure (CAPEX) on upstream projects is still rising, but it is on a relatively slow upward trajectory — and it is moving up more slowly than we had predicted last year because of changes in the timeline of certain African upstream projects.…