Tag: renewables

Angola, a prominent player in Africa's oil production, is poised to maintain a consistent output of around 1.1 million barrels per day in 2024. Amidst the progress of billion-dollar gas initiatives, advancements in the renewable energy, power, and infrastructure sectors are also underway, with several projects anticipating a commencement in 2024.

In addition to driving the expansion of its oil and gas sector, Angola is actively emphasizing decarbonization and environmental responsibility, in line with its recently ratified National Strategy for Climate Action

Africa currently possesses a hydropower generation capacity of 38.8 GW, constituting approximately 17% of the continent's average electricity generation.

Throughout 2023, Energy Capital & Power (ECP) events held in South Sudan, Mauritania, South Africa, and Angola played host to several significant industry deals, spanning various sectors including energy, power, and infrastructure.

Angola's allure as an energy investment destination is on a steady rise, driven by market-focused policies, robust political determination, and untapped reserves in oil, gas, and renewable energy.