Leading figures within the African energy scene will convene at the 10th Annual Africa Energy Indaba, the World Energy Council’s annual African regional meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major transition.
The World Energy Council will be holding a high-level Energy Leaders’ Dialogue as part of the Indaba in Johannesburg between 19 and 21 February.
Discussions will focus on energy sector innovations in Africa exploring near and long-term prospects for technological advancements such as blockchain, where decentralisation and digitalisation plays a more prominent role within the continent. Additional discussions will explore the role the private sector can play in supporting policies that drive innovation and financing of energy systems in Africa.
“In Africa, energy is at the forefront of the political and business agenda. There is a triple energy transition under way world-wide and impacting the African energy system, driven by decarbonisation, innovation and new business models, as well as new risks and resilience approaches,” says Christopher Frei, World Energy Council Secretary General.
Achieving a robust energy future in a context of the triple transition requires different approaches guided by innovative policies. Digitally enabled and distributed energy sources point strongly to a future energy landscape where decentralised approaches create entirely new opportunities for rural Africa and beyond. This is an opportune time for energy leaders to exchange views and discuss critical issues impacting the energy sector.”
“The African continent has endless potential for solar, wind, hydropower and geothermal energy resources. The scope for Africa and all its respective countries to unlock its energy potential is immense – both conventional and renewable,” comments Liz Hart, Africa Energy Indaba Managing Director.
The African Union’s Agenda 2063, has highlighted the growth potential of renewable energy and identified it as a priority for the next decade and that by 2040 it is forecast that renewables could provide more than 40% of all power generation with off-grid solar set to triple.
“The business opportunity linked to the development potential of the energy sector in Africa will be highlighted throughout the Africa Energy Indaba with hosted CEOs from various African utilities, rural electrification agencies and regulators, amongst others, attending the event, seeking solutions to take back to their respective countries,” concludes Hart.