Janus Continental Group (JCG)

In a bold move towards sustainable development, the African Development Bank Group (AfDB) has launched the Desert to Power initiative, targeting the Sahel region of Africa. Spanning across 11 countries including Burkina Faso, Chad, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal,  the initiative aims to harness the region's vast solar potential. By 2030, AfDB plans to generate a staggering 10 gigawatts of solar power through this initiative. This ambitious goal is expected to provide electricity access to an estimated 250 million people, addressing significant energy poverty challenges in some of Africa's most vulnerable regions. This initiative not only promises to improve living standards but also aims to foster economic growth and enhance climate resilience across the continent. Desert to Power underscores AfDB's commitment to sustainable development and climate action, aligning with global efforts to mitigate the impacts of climate change. As Africa continues to strive for inclusive growth and energy access, initiatives like Desert to Power are crucial steps towards achieving these goals. 🌍 https://lnkd.in/dmiWSRZT #AfDB #DesertToPower #RenewableEnergy #SustainableDevelopment

🌍⚡️ The International Energy Agency (IEA)'s latest report highlights a significant surge in global electricity demand for 2024 and 2025, marking the highest growth rates since 2007. 🔥🚗This uptick is propelled by robust economic expansion, exacerbated by intense heatwaves leading to increased air-conditioning use, and fueled further by the increasing adoption of electric vehicles and heat pumps which continue to put a significant strain on electricity systems worldwide. 🌞💡Renewable energy, led by solar PV, is set to play a pivotal role in meeting the surging global electricity demand. It's projected to satisfy half of the increased demand by 2025. Renewables are expected to surpass coal in global electricity generation for the first time, reaching 35% of the total supply in this period. 🌱🤖Despite the remarkable progress in renewable energy adoption, coal-powered generation is anticipated to maintain stability, driven by high demand particularly in regions such as China and India. Additionally, the electricity demand of data centres is becoming increasingly prominent, particularly with the proliferation of artificial intelligence (AI). However, there is still increased optimism regarding global carbon emissions from the power sector, as they are projected to stabilize initially and then decline by 2025. This trend reflects ongoing efforts and advancements in energy efficiency and cleaner technologies amid a dynamic global energy landscape. 🔖 More details: https://lnkd.in/g4tcpmak #IEA #GlobalTrends #RenewableEnergy #ElectricityDemand #ClimateAction

At the Africa Energy Forum #AEF in Barcelona, discussions highlighted Africa's pivotal role in vast untapped resources which position the continent as a key player in global energy markets. Simultaneously, there was a strong emphasis on developing robust finance architectures to support investments in clean energy, aligning with global energy demands and environmental goals. As investors in the energy sector, we understand the pressing need for sustainable solutions to address Africa's energy challenges, which were prominently discussed in #Barcelona: ⛽ Innovative solutions and collaborative investments to move away from fossil fuel-based energy sources. ⚡️Expanding and upgrading energy grids and improve cross-border transmission infrastructure. 🏪Supporting the vision for an African single electricity market and universal electrification through a fresh, integrated approach. 🔄Shortening lengthy development cycles that delay progress. 🛠️Need for decisive action to close Africa's energy gap promptly. 🏛️Unity among governments, international organizations, private enterprises, and civil society to ensure sustainable energy access. We remain committed to leveraging our expertise and resources to advance Africa's energy potential while advocating for a just transition to sustainable energy solutions. https://lnkd.in/dUnGAHr6 #AEF2024 #JustEnergyTransition #SustainableDevelopment #SustainableEnergy #AfricaEnergy #EnergyTransition

Zambia's plans to integrate a solar power plant with battery storage to generate 60 MW of electricity with a storage capacity of 20 MWh represents a significant advancement in the country's energy infrastructure landscape. Valued at $65 million, this project stands out as it aims to supply reliable power to approximately 65,000 households by September 2025. This initiative is not merely about meeting immediate energy demands but also about fostering long-term economic growth. Additionally, the integration of battery storage ensures stability and reliability in power supply, crucial for both residential and commercial use. Access to reliable electricity is a fundamental driver of economic development, and initiatives that harness renewable sources like solar power not only contribute to energy security but also mitigate environmental impacts associated with traditional fossil fuel-based energy generation. In parallel, JCG's recognition of the potential of solar energy, as evidenced by their Kabulasoke Solar Power Park in Uganda, underscores a growing trend towards renewable energy adoption in Africa. These projects not only demonstrate technological advancements but also set benchmarks for future investments in sustainable infrastructure across the continent. https://lnkd.in/dh4NKDwE pv magazine Global #Solar #Energy #EnergySecurity #ZambiaSolarPowerPlant

#Uganda is set for it ambitious expansion in the oil industry, as the country gears up for production starting next financial year. The Ugandan government has notably bolstered its budget allocation for the oil and gas sector to $246 million, with a strategic focus on the 900mile East African Crude Oil Pipeline and the construction of a new refinery. These developments mark a significant leap forward in enhancing East Africa's energy infrastructure and market capabilities. The East African Crude Oil Pipeline promises to facilitate efficient export routes, while the new refinery aims to bolster domestic refining capacity, reducing dependency on imported petroleum products. These initiatives will foster regional energy security and spur economic growth across East Africa. As these projects progress, their impact on the regional energy landscape will be closely watched, given their potential to transform the economic dynamics and energy security of East Africa for years to come. https://lnkd.in/eqmJzKrD Uganda National Oil Company Limited (UNOC) The Energy Year #EnergyDevelopment #OilAndGas #UgandaEnergySector

In Africa, the challenge of energy disparity persists, with many countries facing inadequate infrastructure and unreliable access. Global Energy Independence Day serves as a poignant reminder that Africa has the potential to reach the goal of reliable and affordable energy access for its people. Diversifying the energy mix to include alternative sources like natural gas and solar power is key. This approach reduces dependence on a single source, enhancing energy independence and security across the continent. At JCG, we take pride in contributing to Africa's journey towards energy independence. Through partnerships with other players in the energy sector, our investmenst aim to diversify energy sources, fostering resilient economies for future generations. #GlobalEnergyIndependenceDay #EnergySecurity #AfricaEnergy

The recent Africa Gas Innovation Summit (AGIS) in Abuja reiterated the urgent need for innovation in advancing Africa's gas sector. Key discussions centered around the importance of technological innovation, including liquefied natural gas (LNG), compressed natural gas (CNG) for vehicles, gas-to-power solutions, and carbon capture and storage (CCS), as key components of this innovation. JCG is actively promoting the adoption of gas on the continent through various projects and particularly through the use of Compressed Natural Gas (CNG) in motor vehicles. In Dar es Salaam Tanzania, we launched our first CNG and conversion station, TAQA Dalbit, to advocate for the use of gas as a more as a cost-effective and environmentally cleaner alternative to liquid fuels. Collaborating with TAQA Arabia on this project, we are committed to make the most of Africa's abundant gas resources to address the continent's growing energy demands. Our objective is to make a significant contribution to Africa's energy sector while fostering sustainable growth and innovation across the continent. #AfricaGasInnovation #EnergyInfrastructure #JCG #SustainableDevelopment

The Africa Energy Bank that has recently been launched marks a pivotal moment for Africa's oil and gas industry. This new financial institution, established with an initial capital of $5 billion, aims to fill the financing gap for energy projects across the continent, addressing a critical need in the sector. Founded through collaboration between the African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO), the Africa Energy Bank's primary goal is to support oil and gas projects that have faced challenges in securing funding amidst shifting global investment patterns and stringent financing conditions. This dedicated source of capital will enable African nations to leverage their energy resources for sustainable development and is a strategic step towards enhancing energy independence and fostering economic growth across Africa. Its establishment is a landmark achievement that promises to reshape the energy landscape on the continent and significantly contribute to economic prosperity. https://lnkd.in/gfBVG9YU #AfricaEnergy #JCG #InvestInAfrica #EnergyFinance #EnergySecurity Africa Energy Technology Centre

Janus Continental Group (JCG) has been an investor in Highview Power since early 2020 and has long envisioned the company as a leader in renewable energy storage. Highview Power’s latest £300 investment marks a significant step towards this goal. "JCG is proud to partner with Highview Power. We have always believed in Highview's transformative potential in renewable energy storage, and this technology can play a crucial role in addressing the substantial energy deficit in other parts of the world. We see the potential in the development of a sustainable energy future for Africa using their technology and we are enthusiastic about contributing to a future where Africa enjoys clean, accessible, and affordable energy." - Kevin Teeroovengadum, JCG Chief Executive Officer https://lnkd.in/d4wbu8Ch #Highviewpower #longdurationenergy #liquidairenergy #centrica #energystorage

Africa has 60% of the world's solar resources, but only 1% per cent of solar generation capacity due to challenges in energy production and infrastructure. At #AEF2024, industry leaders delved into the progress of solar projects and the pivotal role stakeholders play including utilities, power pools, governments, and DFIs Africa's energy transformation. At Janus Continental Group (JCG), we are pleased to be moving the needle with our Kabulasoke Solar Power Plant in #Uganda producing 24MW that is integrated into the national grid. As a continent, we must continue to overcome challenges tackling issues like intermittency and developing innovative procurement structures. By establishing strategies for Africa’s energy transformation, particularly maximising natural resources like #solar, we will fulfil our ambition to achieve power security, access, industrialization, and regional integration. Connect with our Executives Kevin Teeroovengadum Brian Mushimba, Ph.D. and Divya Bagrecha at this year’s #AEF2024 and to find out more about the work we are doing in Kenya, Zambia, Uganda, Tanzania and Mozambique in energy and power production. #SolarEnergy #EnergyTransition #SustainableDevelopment #GLAfricaEnergy #AEF2024