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G20 Forum: The African energy transition drive

Africa’s green energy sector is entering a period of rapid growth, driven by continental efforts to enhance power generation, support an energy transition, and eliminate energy poverty. With over 620 trillion cubic feet of natural gas reserves and abundant solar and wind potential, the continent is well-positioned to leverage its green energy sector as a catalyst for achieving these goals. Realising these objectives will require significant investment, underscoring the need for innovative financing mechanisms, strengthened global partnerships, and private-sector-led project development.



At the G20 Africa Energy Investment Forum, taking place on 21 November in Johannesburg, representatives from leading green energy and carbon credit companies are expected to share insights into Africa’s emerging green energy economy. Discussions will focus on how innovative financing can bridge the continent’s investment gap, advance impactful projects, and strengthen Africa’s energy systems. As the continent accelerates a just and inclusive energy transition, the forum will serve as a launch pad for new investments.



Transition



Diversified energy represents the cornerstone of Africa’s energy transition, and companies such as Levene Energy are leading this strategy. With projects in natural gas, oil, and renewable energies, Levene Energy is driving Nigeria’s energy development.



The company is expanding midstream gas infrastructure, supporting the transportation of low-carbon gas as a substitute for diesel, while providing emission-reduction services for upstream projects. In the renewable energy sector, Levene Energy has partnered with the Rural Electrification Agency to implement rural generation projects and manufacture solar systems. During the G20 Forum, Levene Energy’s CEO, Nzan Ogbe, is expected to share insights into this strategy and how diversification can fuel energy security in Africa.



In the power sector, companies such as Clarke Energy are addressing Africa’s energy challenges by providing distributed power plant solutions in the gas sector. The company specialises in energy-efficient, low-carbon, and flexible energy systems, delivering projects such as gas engines, biogas upgraders, battery energy storage systems, and carbon dioxide capture.



These solutions support Africa’s economic growth by leveraging natural gas to power operations. In Nigeria, the company is supporting agricultural processing through the 1.5 MW Jenbacher plant, powered by CNG.



In Tunisia, Clarke Energy deployed a CHP plant to enhance power supply and support textile manufacturing. These developments highlight the role gas-fired power generation can play in reducing emissions while supporting operations across various industries. At the G20 Forum, Kara Neale, Commercial Leader at Clarke Energy, is expected to provide further insights into these applications.



Gaining traction



Beyond renewable energy and natural gas projects, Africa’s carbon credit market is beginning to gain traction. As a viable solution for driving investment across Africa’s energy sector, carbon credits have significant growth potential. Companies such as Green Asset Exchange - Africa’s first locally developed trading platform for environmental assets - have emerged as a pathway for African carbon credits and Renewable Energy Certificates to reach international buyers.



Launched in South Africa, the company enables transparent, standardised transactions, playing a key role in addressing the continent’s energy finance gap and supporting project development. Green Asset Exchange’s Managing Director, Nick Rowley, is speaking at the G20 Africa Energy Investment Forum, where he is expected to shed light on Africa’s carbon credit market, including strategies, opportunities, and challenges.



“To make energy poverty history, we need financing mechanisms that reflect Africa’s realities. The G20 Africa Energy Investment Forum is more than a dialogue; it’s a platform to unlock real investments that will turn Africa’s vast renewable and natural gas potential into reliable energy for our people. This is how we build an inclusive, sustainable future,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. 



- SOURCE: African Energy Chamber



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