{"id":15579,"date":"2023-03-17T09:22:28","date_gmt":"2023-03-17T09:22:28","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sahara-group-urges-collaboration-investments-to-drive-sustainable-energy-in-africa"},"modified":"2023-03-17T09:39:42","modified_gmt":"2023-03-17T09:39:42","slug":"sahara-group-urges-collaboration-investments-to-drive-sustainable-energy-in-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sahara-group-urges-collaboration-investments-to-drive-sustainable-energy-in-africa","title":{"rendered":"Sahara Group Urges Collaboration, Investments to Drive Sustainable Energy in Africa"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Addressing top energy operators, regulators and government functionaries at the 2023 edition of the African Refiners and Distributors Association (ARDA) Conference in Cape Town, Wale Ajibade, Executive Director, Sahara Group stated that the current level of global investments on renewable energy was inadequate to enable Africa to embrace more alternative energy sources.<\/p>\n

Ajibade, who delivered a paper titled, \u2018Meeting Africa\u2019s Growing Energy Requirements in the Evolving Global Landscape,\u2019 said adequate policies were vital for African countries to address foreign investors\u2019 concerns and limit investment risks exposures.<\/p>\n

\u201cOver the past two decades, global investment in renewable energy has grown rapidly. Yet less than three per cent of these investments come to Africa. Africa continues to receive only a small portion of the total global investment in renewable energy,\u201d he said.<\/p>\n

He said the continent needs to work together to transform inherent risks and inefficiencies in the system into opportunities for ramping up energy supply from multiple sources.<\/p>\n

\u201cOur individual differences as countries within this continent only serve to strengthen the brilliant and colorful fabric of our cultures. With boots on ground, in over 24 African countries, we as Sahara Group know more than most that what works in one location may not necessarily be what works in the other. We have always had to overcome our challenges and propel ourselves forward by ourselves and for ourselves as Africans,\u201d he said.<\/p>\n

He noted that despite the dearth of investments, Africa could still strive towards meeting the continent\u2019s energy needs through collaboration and prioritizing \u2018the African narrative for Africans by Africans.\u2019<\/p>\n

\u201cAfrica will meet its growing energy requirement in the evolving global landscape, but we will do it the African way. This will be done drawing on collaborations and best business practices, embracing our diversities in cultures but always steadfast in moving forward and bringing energy to life responsibly,\u201d he said.<\/p>\n

He added: \u201cAs we gradually transition to renewable energy, the conditions for solar power literally shine as bright as the sun on this continent. The potential for wind energy blows through our continent ceaselessly. Africa has amongst the largest untapped potential for hydropower development and as we all know we have just begun to scratch the surface of natural gas.\u201d<\/p>\n

Ajibade noted that some countries on the continent were already promoting several policies and regulations to ramp up capacity for renewables in Africa.<\/p>\n

\u201cCase in point \u2013 solar power: Nigeria\u2019s photovoltaic power potential makes solar energy very feasible for both investors and consumers. Sahara Group is currently harnessing this potential through the implementation of large-scale and mini-grid solar projects,\u201d he stated.<\/p>\n

On the growing importance of gas as a transition fuel, Ajibade said Africa was already witnessing remarkable progress in this regard.<\/p>\n

\u201cThere was a time when it was unfathomable that an African company would order and build the first ever African owned LPG vessels as well as lift gas in Africa and supply to counterparts in Africa. I\u2019m proud to say that Sahara\u2019s vessels namely MT Africa Gas, MT Sahara Gas, MT SAPET to name a few have lifted African gas and supplied it within the continent of Africa,\u201d he said.<\/p>\n

According to Ajibade, meeting Africa\u2019s growing energy needs will also require a \u2018just transition\u2019 fueled by developing and maximizing the potential of African crude oil production in a \u2018more sustainable manner.\u2019<\/p>\n

\u201cOil will continue to be an important source of energy but needs to be cleaner to meet global standards. We must ensure the sustainable development of our hydrocarbon resources while reducing methane emissions and flaring to achieve energy security and sustainability at the same time. The increase in the use of CCUS technology presents an opportunity for the industry to be fully exploited for reliability, environmental sustainability, and Africa\u2019s GDP expansion. If we are to build our own \u2018Wakanda\u2019, we\u2019re going to have to do it responsibly,\u201d he concluded.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. Addressing top energy operators, regulators and government functionaries at the 2023 edition of the African Refiners and Distributors Association (ARDA) Conference in Cape Town, Wale Ajibade, Executive Director, Sahara Group stated that the current level of global investments on renewable energy was inadequate to enable Africa to embrace more alternative energy sources. 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