The Spain brand vigorously bursts onto the Africa Energy Forum 2018. Although last year there was already a representation of Spanish companies in Africa´s largest annual event on clean energy, this year their presence soars with the participation of 27 national firms, among which are the leaders in the development, construction, operation and engineering of renewable energy plants. Together with these, a dozen smaller companies from an array of activities such as engineering or equipment manufacturing will be present at the event, placing Spain as one of the countries with the largest number of participants in the Africa Energy Forum 2018.
Led by the ICEX and the public-private consortium for the promotion of renewable energies (Spain Renewable Energy Consortium), the Spanish expedition will have its presence reinforced in the Africa Energy Forum 2018 with the programming of several activities. On June 21, on the occasion of the celebration of the Day of Spain in the event, activities organized will range from a technical seminar on the latest technologies in this field, to the holding of institutional meetings and signing of memoranda of understanding to boost energy cooperation with institutions and governments of the African continent.
Africa Energy Forum 2018: A meeting point for attractive opportunities
The renewed boom of Africa as a market of interest for Spanish companies revolves around the firm commitment for the construction of new energy infrastructures using these technologies expressed by several of these countries.
The Spain Renewable Energy Consortium points out the opportunity offered by the new Government of South Africa to support the program of independent producers with the signature of 27 PPAs that were pending ratification since the selection of companies in 2016. They also stressed that South Africa has renewed its commitment to clean energy, maintaining its plans in terms of renewable energies, with a new tender round for 1800 MW scheduled for the end of this year, and the introduction of gas as a source of electricity production in the country.
The REIPPP Program (Renewable Energy Independent Producers Program) has already completed four rounds of awards and more than 6100MW have been granted, totaling 16 billion euros of investment.
Morocco is also among the countries attracting the attention of Spanish companies. The Moroccan Government aims to develop up to 1.5 GW of solar and wind energy to reach 42% of clean energy out of the energy mix in 2020, up from the current 32%. To this end, the National Renewable Agency of Morocco plans to mobilize approximately 30 billion dollars in upcoming tenders.
Egypt, for its part, has set the objective of reaching 42% of clean energy in 2022. To this end, it has guaranteed through the World Bank Group´s Multilateral Investment Guarantee Agency (MIGA), the investment of up to 102 million dollars for the construction, operation and maintenance of six solar plants totaling 250 MW and representing only a part of the total investment of 385 million dollars. The Green Climate Fund will also boost investment in renewable energy in Egypt through a fund endowed with one billion dollars.
The Democratic Republic of the Congo is also raising the interest of the Spanish industry due to the Great Inga Project, a hydroelectric dam, with a generation capacity of 12,000MW and an initial investment of 14 billion euros. An international consortium led by Spanish companies is on the short list of potential winners for the construction of the macro project.
Finally, Ethiopia and Kenya represent one of the main drivers of renewable energy within the East African region. With an ambitious commitment to electricity generation projects, both countries have carried out extensive reforms in the energy sector to guarantee access to electricity and improve the economic development of rural areas. Noteworthy is the participation of Spanish companies in the Scaling Solar program, a World Bank financing instrument to develop 250 MW in Ethiopia.
Africa Energy Forum 2018 will take place, from June 19 to 22, in Mauritius. The international event celebrates its twentieth anniversary by bringing together the heads of Africa’s energy sector to form alliances, identify opportunities and collectively push the industry forward.
Acciona, ACS, Elecnor, Alten Renovables, GPTech, Himoinsa, Gransolar, ATA, Ennera, ILB Helios, members of the Consortium of International Promotion of the Spanish Industry of Renewable Energies are part of the Spanish representation.