Aug 21 | 2023
GEAS 2023 to address regulatory frameworks needed to attract clean energy investments in Africa
Investment in sustainable energy requires a clear and stable policy and regulatory environment, which effectively balances commercial, social, and environmental interests. To identify regulatory risks and mitigation measures to unlock investments in Africa, the Green Energy Africa Summit (GEAS) will gather leaders in finance and energy around a high-level panel discussion dedicated to energy policy.
The panel will gather experts from across the continent, including Daniel Kiptoo Bargoria, Director General of Kenya’s Energy & Petroleum Regulatory Commission (EPRA); Dr. Jauad El Kharraz, Executive Director at Egypt’s Regional Center for Renewable Energy and Energy Efficiency (RCREEE); Eng. Ziria Wako, CEO of Uganda’s Electricity Regulatory Authority (ERA); and Edrisa Burama Jarju, Deputy Managing Director of The Gambia’s National Water & Electric Company (NAWEC).
Panelists will focus on how policy reforms can unlock capital from a wide range of investors, at a time when Africa’s financing needs to end energy poverty are growing.
Recently, key legislative reforms in South Africa and Nigeria have demonstrated the benefits of reforming the regulatory framework around the power sector to unlock investments.
At the end of 2022 for instance, South Africa removed all licensing requirements on generation projects, allowing generation facilities with a point of connection on the transmission or distribution power system to be developed without a license. Since then, the number and capacity of electricity projects registered with the South African regulator under these licensing exemptions has skyrocketed. 86 MW of projects were registered in 2021, a number which jumped to 1,658 MW in 2022, and over 3,000 MW in the first half of 2023 alone!
Nigeria is following a similar pattern of decentralization and privatization. Africa’s biggest economy just adopted a new Electricity Act in 2023, a reform that notably allows its 36 states to license and regulate electricity markets within their regions.
GEAS 2023’s policy dialogue will seek to draw from successful experiences in Africa, such as Egypt’s and South Africa’s, and apply them to the realities of markets that are seeking to grow renewable energy capacity. So far, most investments in green energy have been focused on Morocco, Egypt, and South Africa, leaving tremendous growth potential to be developed across the rest of sub-Saharan Africa.
The Green Energy Africa Summit 2023 will take place at CTICC2 in Cape Town on October 10th-11th, 2023. For more information on the programme or to register today, click here.
The panel will gather experts from across the continent, including Daniel Kiptoo Bargoria, Director General of Kenya’s Energy & Petroleum Regulatory Commission (EPRA); Dr. Jauad El Kharraz, Executive Director at Egypt’s Regional Center for Renewable Energy and Energy Efficiency (RCREEE); Eng. Ziria Wako, CEO of Uganda’s Electricity Regulatory Authority (ERA); and Edrisa Burama Jarju, Deputy Managing Director of The Gambia’s National Water & Electric Company (NAWEC).
Panelists will focus on how policy reforms can unlock capital from a wide range of investors, at a time when Africa’s financing needs to end energy poverty are growing.
Recently, key legislative reforms in South Africa and Nigeria have demonstrated the benefits of reforming the regulatory framework around the power sector to unlock investments.
At the end of 2022 for instance, South Africa removed all licensing requirements on generation projects, allowing generation facilities with a point of connection on the transmission or distribution power system to be developed without a license. Since then, the number and capacity of electricity projects registered with the South African regulator under these licensing exemptions has skyrocketed. 86 MW of projects were registered in 2021, a number which jumped to 1,658 MW in 2022, and over 3,000 MW in the first half of 2023 alone!
Nigeria is following a similar pattern of decentralization and privatization. Africa’s biggest economy just adopted a new Electricity Act in 2023, a reform that notably allows its 36 states to license and regulate electricity markets within their regions.
GEAS 2023’s policy dialogue will seek to draw from successful experiences in Africa, such as Egypt’s and South Africa’s, and apply them to the realities of markets that are seeking to grow renewable energy capacity. So far, most investments in green energy have been focused on Morocco, Egypt, and South Africa, leaving tremendous growth potential to be developed across the rest of sub-Saharan Africa.
The Green Energy Africa Summit 2023 will take place at CTICC2 in Cape Town on October 10th-11th, 2023. For more information on the programme or to register today, click here.
