Climate Energy

Africa’s offshore renewable energy potential is being investigated by the African Development Bank

The AfDB’s (African Development Bank) African Natural Resources Centre and Sustainable Energy Fund for Africa delivered the first of a series of webinars on the possibilities of Africa’s blue economy.

The November 23 webinar, which was part of a series aimed at influencing policymaking, creating plans, and investing in Africa’s blue economy strategy, focused on research commissioned by African Natural Resources Centre on the possibilities of offshore renewable electricity. The findings were unveiled by Linus Hammar of Octopus Ink Research & Analysis in Sweden. An overview of Africa’s offshore renewable power potential was given to the audience, beginning with a description of coastal and island states and their commercial future opportunities.

“Offshore renewable energy can help coastal and island nations develop their renewable energy capacity while lowering the energy costs associated with importing fossil fuels,” explains Leontine Kanziemo, who works as the Natural Resources Management Advisor at African Natural Resources Centre. Olivier Ceberio, who is the current chief operations officer at the Resolute Marine Energy, as well as Philippe Ong Seng, the current Chief Executive Officer of Urban Cooling Ltd, presented the case studies of the offshore energy ventures supported by Sustainable Energy Fund for Africa.

The SEFA (Sustainable Energy Fund for Africa) is a unique fund created to encourage private sector investment in the sustainable energy in Africa, in accordance with the World Bank’s new Energy for Africa initiative and Sustainable Development Goal 7, which refers to universal energy access.

African Natural Resources Centre does engage in policy debates and conducts high-quality research. It also provides technical help in natural resource planning, governance, and investment to regional member nations, with a focus on gas, land, water, oil, forests, fisheries, and minerals.

SEFA was created in 2011 with the help of the Danish government and has subsequently received funding from the United States, the United Kingdom, Italy, Norway, Spain, Sweden, the Nordic Development Fund, and Germany. SEFA is in the Renewable Energy and Energy Efficiency Department of the Power, Energy, Climate, and Green Growth (PEVP) complex (PERN).

Among his notable achievements are:

SEFA has spearheaded the African Development Bank’s involvement in green mini-grids through the Market Development Program and also country-focused support to create an enabling investment environment. As a result of these operations, SEFA has paved the way for the Bank to support its first 2 scale-up green energy ventures in Burkina Faso as well as the Democratic Republic of Congo. SEFA also develops blended-finance programs that are among the best in the market. It played a key role in the establishment and financial close of Africa Renewable Energy Fund, among the first pan-African equity funds on the market. It also played a key role in the establishment of the Facility for Energy Inclusion, an African debt financing structure for small-scale renewables.

About the author

Amanda Rose

Amanda Rose

Amanda Rose has lived in Nashville her whole life. Amanda has worked as a journalist for nearly a decade and has contributed to several large publications including the Yahoo News and the Oakland Tribune. As a founder and journalist for Murphys Hockey Law, Amanda covers the latest happening in the world of technology.
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