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Home > News Articles > Opportunities Created by Angola''s Energy TransitionPhoto byNuno MarquesonUnsplashAngola''s energy transition continues to power the country''s grid and cultivate socioeconomic opportunities. Angola is among Africa''s top oil producing nations, with oil reserves estimated at 9 billion barrels, gas reserves at 11 trillion cubic feet and production measured at approximately 1.22 million barrels of oil per day in 2021. With the oil and gas sector accounting for one third of the country''s GDP and 90% of exports, the government is committed to diversifying the economy to address the overreliance on oil.Diversification includes plans for multisector development driven by the country''s energy transition. Key opportunities have emerged from this strategic move such as the phased development of a new renewable energy sector, increased electrification targets, environmental protection and the co-benefits of job creation and skills transfer.Renewable energy sector plans include investment in hydropower which has the potential to be a key source of energy in Angola. Hydropower is set to contribute a significant portion of the country''s energy supply and is estimated to have an 18.2 GW generating capacity. However, currently only 20% the capacity is being utilized. In this regard, 100 sites have already been identified as ideal for hydropower generation with combined capacity of 600 MW.Meanwhile, on the solar energy side, Angola''s geographic positioning allows for optimal solar power potential with capacity to generate between 1,350 – 2,070 kWh of solar energy. The Angolan government aims to install 100 MW of solar panels by 2025. Moreover, an additional 100 MW of energy could be sourced from up to five potential wind farms in the southern region of Angola.Developing the renewable energy sector and fast tracking the country''s energy transition will grow Angola''s overall economy. The renewable energy sector will have a ripple effect on the economy, with different sectors benefitting, as it promotes growth and stability. This includes increased access to electricity, job creation, skills transfer, and environmental protection.Access to electricity in Angola currently stands at 45%, with 65% representing urban access and only 6% rural access. As one of the key drivers of the energy transition, the Angolan government has been able to prioritize increased access to electricity for all citizens and aims to ensure 9.9 GW of installed generation capacity by 2025, together with a national electrification target of 60%.The increase in electricity access will further stimulate Angola''s socio-economic growth. On the back of the energy transition, Angola''s national oil company, Sonangol, signed a $1.5 billion deal to develop the country''s solar and water capacity with solar-project developer, Sun Africa, and US-based, Africa Global in 2021. Such large-scale renewable energy deals serve to not only contribute to Angola''s power grid, but also to create employment opportunities for the local workforce as stipulated in contractual agreements with international firms.Notably, job creation will be enhanced across, not only the renewable energy sector, but various associated sub-sectors including industrialization, agriculture, transportation, and infrastructure. As one of Africa''s emerging economies, Angola''s renewable energy sector serves as a catalyst for job creation across multiple areas of the economy. The International Energy Agency estimates that globally, by 2030, 25 million jobs will be created from the renewable energy sector, and Angola is not exempt from this. Renewable energy, therefore, is key to stimulating job creation across the Angolan economy.Although the energy transition is able to critical job opportunities, knowledge gaps still exist for the local workforce. In Angola, the government has ensured that skills transfer materializes for its local workforce via Presidential Decree no. 271/20 of October 2020 – this outlines mandatory requirements for all firms operating in the southern African country to ensure knowledge transfer to the national labour force.Detailed programs on training, technical skills development and technology transfer as well as evidence of improvement of Angolan local staff skills must be provided. International investors in the renewable energy sector enable skills transfer across technology and infrastructure sectors. Skills transfer is particularly important to Africa''s self-sufficiency and reducing the reliance on foreign workers, hence empowering the local labour force.Angola''s energy transition also provides opportunities for environmental protection such as improving local water and soil quality, protection of domestic biodiversity, reforestation, protection of the country''s mangroves and mitigation against the impacts of climate change. Not only does energy transition ensure energy security but it also protects Angola''s environment while creating opportunities in other sectors such as tourism. Angola''s energy transition, therefore, does not solely benefit the energy sector, but will stimulate growth for the entire economy.The MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts. Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons. Angola, like many oil and gas producing countries, is at a crossroads.The energy transition is threatening to disrupt the social and economic fabric of oil producing countries and developing nations.About the authorsChindalena Lourenço is of counsel at Fátima Freitas & Associados in Luanda, and has significant experience in advising oil and energy companies in their day-to-day business in Angola and in the negotiation of PSCs and other petroleum contracts. Ricardo Silva is co-head of energy at Miranda & Associados, and has two decades of experience in the energy and natural resources sector, having advised private companies, national oil companies and host nations in a wide variety of energy and related matters in Africa (including Angola), Europe and Southeast Asia.Home > News Articles > Sonangol Takes the Lead in Angola''s Energy TransitionRicardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; Geoff Hill, Director, Something of Value; Osvaldo A. Inácio, Executive Director, Sonangol; Paulo Guedes, Director of Renewable Energy, Sonangol and Verner Ayukegba, Senior Vice President, African Energy Chamber.Also available in Portuguese The global push to reduce carbon emissions and phase out fossil fuels will have significant impacts on hydrocarbon dependent countries in Africa. Countries such as Angola, with an 80% reliance on oil serve to be highly affected if they are forced to abandon the resource. Therefore, stakeholders are calling for an adapted, Africa-centric approach to the energy transition, one in which African policymakers and industry leaders have a say.During the continent''s premier energy event, African Energy Week (AEW) 2021 taking place this week, representatives from Angola''s national oil company, Sonangol, provided insight into how the company is moving forward with the energy transition. Moderated by Geoff Hill, Director, Something of Value, panel participants included Osvaldo A. Inácio, Executive Director, Sonangol; Ricardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; and Paulo Guedes, Director of Renewable Energy, Sonangol.With a focus on the role of oil and gas in the energy transition, speakers emphasized that decarbonization strategies, rather than resource phase outs, will prove more effective in reducing emissions and protecting the environment. While energy poverty in Africa remains a significant threat and in urgent need of addressing, an adapted decarbonization approach will be significant for the country and continent as a whole.Despite being committed to oil and gas, using decarbonization technologies to drive the transition, Angola has also expanded its renewable energy objectives with new programs and initiatives driving progress. Notably, speakers provided insight into the country''s hybridization project – aimed at expanding renewable energy utilization in the country.The question is where are we going to get the money from? How do we get funding for oil and gas projects in the energy transition? Sonangol, as does every other company, is facing the same challenges," stated Van-Deste. About Angola energy transition As the photovoltaic (PV) industry continues to evolve, advancements in Angola energy transition have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity. When you're looking for the latest and most efficient Angola energy transition for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy. By interacting with our online customer service, you'll gain a deep understanding of the various Angola energy transition featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects. Angola energy transition [PDF Free Download] Chat with us Related Contents Solar energy policy angola Angola energy storage solutions Angola energy storage regulations Angola energy storage for backup power Texas energy storage angola Energy transition ghana Lome energy transition Energy transition apia Praia energy transition Islamabad energy transition Energy transition tanzania Taipei energy transition
Home > News Articles > Opportunities Created by Angola''s Energy Transition
Photo byNuno MarquesonUnsplash
Angola''s energy transition continues to power the country''s grid and cultivate socioeconomic opportunities. Angola is among Africa''s top oil producing nations, with oil reserves estimated at 9 billion barrels, gas reserves at 11 trillion cubic feet and production measured at approximately 1.22 million barrels of oil per day in 2021. With the oil and gas sector accounting for one third of the country''s GDP and 90% of exports, the government is committed to diversifying the economy to address the overreliance on oil.
Diversification includes plans for multisector development driven by the country''s energy transition. Key opportunities have emerged from this strategic move such as the phased development of a new renewable energy sector, increased electrification targets, environmental protection and the co-benefits of job creation and skills transfer.
Renewable energy sector plans include investment in hydropower which has the potential to be a key source of energy in Angola. Hydropower is set to contribute a significant portion of the country''s energy supply and is estimated to have an 18.2 GW generating capacity. However, currently only 20% the capacity is being utilized. In this regard, 100 sites have already been identified as ideal for hydropower generation with combined capacity of 600 MW.
Meanwhile, on the solar energy side, Angola''s geographic positioning allows for optimal solar power potential with capacity to generate between 1,350 – 2,070 kWh of solar energy. The Angolan government aims to install 100 MW of solar panels by 2025. Moreover, an additional 100 MW of energy could be sourced from up to five potential wind farms in the southern region of Angola.
Developing the renewable energy sector and fast tracking the country''s energy transition will grow Angola''s overall economy. The renewable energy sector will have a ripple effect on the economy, with different sectors benefitting, as it promotes growth and stability. This includes increased access to electricity, job creation, skills transfer, and environmental protection.
Access to electricity in Angola currently stands at 45%, with 65% representing urban access and only 6% rural access. As one of the key drivers of the energy transition, the Angolan government has been able to prioritize increased access to electricity for all citizens and aims to ensure 9.9 GW of installed generation capacity by 2025, together with a national electrification target of 60%.
The increase in electricity access will further stimulate Angola''s socio-economic growth. On the back of the energy transition, Angola''s national oil company, Sonangol, signed a $1.5 billion deal to develop the country''s solar and water capacity with solar-project developer, Sun Africa, and US-based, Africa Global in 2021. Such large-scale renewable energy deals serve to not only contribute to Angola''s power grid, but also to create employment opportunities for the local workforce as stipulated in contractual agreements with international firms.
Notably, job creation will be enhanced across, not only the renewable energy sector, but various associated sub-sectors including industrialization, agriculture, transportation, and infrastructure. As one of Africa''s emerging economies, Angola''s renewable energy sector serves as a catalyst for job creation across multiple areas of the economy. The International Energy Agency estimates that globally, by 2030, 25 million jobs will be created from the renewable energy sector, and Angola is not exempt from this. Renewable energy, therefore, is key to stimulating job creation across the Angolan economy.
Although the energy transition is able to critical job opportunities, knowledge gaps still exist for the local workforce. In Angola, the government has ensured that skills transfer materializes for its local workforce via Presidential Decree no. 271/20 of October 2020 – this outlines mandatory requirements for all firms operating in the southern African country to ensure knowledge transfer to the national labour force.
Detailed programs on training, technical skills development and technology transfer as well as evidence of improvement of Angolan local staff skills must be provided. International investors in the renewable energy sector enable skills transfer across technology and infrastructure sectors. Skills transfer is particularly important to Africa''s self-sufficiency and reducing the reliance on foreign workers, hence empowering the local labour force.
Angola''s energy transition also provides opportunities for environmental protection such as improving local water and soil quality, protection of domestic biodiversity, reforestation, protection of the country''s mangroves and mitigation against the impacts of climate change. Not only does energy transition ensure energy security but it also protects Angola''s environment while creating opportunities in other sectors such as tourism. Angola''s energy transition, therefore, does not solely benefit the energy sector, but will stimulate growth for the entire economy.
The MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.
Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts.
Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons.
Angola, like many oil and gas producing countries, is at a crossroads.
The energy transition is threatening to disrupt the social and economic fabric of oil producing countries and developing nations.
About the authorsChindalena Lourenço is of counsel at Fátima Freitas & Associados in Luanda, and has significant experience in advising oil and energy companies in their day-to-day business in Angola and in the negotiation of PSCs and other petroleum contracts. Ricardo Silva is co-head of energy at Miranda & Associados, and has two decades of experience in the energy and natural resources sector, having advised private companies, national oil companies and host nations in a wide variety of energy and related matters in Africa (including Angola), Europe and Southeast Asia.
Home > News Articles > Sonangol Takes the Lead in Angola''s Energy TransitionRicardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; Geoff Hill, Director, Something of Value; Osvaldo A. Inácio, Executive Director, Sonangol; Paulo Guedes, Director of Renewable Energy, Sonangol and Verner Ayukegba, Senior Vice President, African Energy Chamber.Also available in Portuguese The global push to reduce carbon emissions and phase out fossil fuels will have significant impacts on hydrocarbon dependent countries in Africa. Countries such as Angola, with an 80% reliance on oil serve to be highly affected if they are forced to abandon the resource. Therefore, stakeholders are calling for an adapted, Africa-centric approach to the energy transition, one in which African policymakers and industry leaders have a say.During the continent''s premier energy event, African Energy Week (AEW) 2021 taking place this week, representatives from Angola''s national oil company, Sonangol, provided insight into how the company is moving forward with the energy transition. Moderated by Geoff Hill, Director, Something of Value, panel participants included Osvaldo A. Inácio, Executive Director, Sonangol; Ricardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; and Paulo Guedes, Director of Renewable Energy, Sonangol.With a focus on the role of oil and gas in the energy transition, speakers emphasized that decarbonization strategies, rather than resource phase outs, will prove more effective in reducing emissions and protecting the environment. While energy poverty in Africa remains a significant threat and in urgent need of addressing, an adapted decarbonization approach will be significant for the country and continent as a whole.Despite being committed to oil and gas, using decarbonization technologies to drive the transition, Angola has also expanded its renewable energy objectives with new programs and initiatives driving progress. Notably, speakers provided insight into the country''s hybridization project – aimed at expanding renewable energy utilization in the country.The question is where are we going to get the money from? How do we get funding for oil and gas projects in the energy transition? Sonangol, as does every other company, is facing the same challenges," stated Van-Deste. About Angola energy transition As the photovoltaic (PV) industry continues to evolve, advancements in Angola energy transition have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity. When you're looking for the latest and most efficient Angola energy transition for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy. By interacting with our online customer service, you'll gain a deep understanding of the various Angola energy transition featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects. Angola energy transition [PDF Free Download] Chat with us Related Contents Solar energy policy angola Angola energy storage solutions Angola energy storage regulations Angola energy storage for backup power Texas energy storage angola Energy transition ghana Lome energy transition Energy transition apia Praia energy transition Islamabad energy transition Energy transition tanzania Taipei energy transition
Home > News Articles > Sonangol Takes the Lead in Angola''s Energy Transition
Ricardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; Geoff Hill, Director, Something of Value; Osvaldo A. Inácio, Executive Director, Sonangol; Paulo Guedes, Director of Renewable Energy, Sonangol and Verner Ayukegba, Senior Vice President, African Energy Chamber.
Also available in Portuguese
The global push to reduce carbon emissions and phase out fossil fuels will have significant impacts on hydrocarbon dependent countries in Africa. Countries such as Angola, with an 80% reliance on oil serve to be highly affected if they are forced to abandon the resource. Therefore, stakeholders are calling for an adapted, Africa-centric approach to the energy transition, one in which African policymakers and industry leaders have a say.
During the continent''s premier energy event, African Energy Week (AEW) 2021 taking place this week, representatives from Angola''s national oil company, Sonangol, provided insight into how the company is moving forward with the energy transition. Moderated by Geoff Hill, Director, Something of Value, panel participants included Osvaldo A. Inácio, Executive Director, Sonangol; Ricardo Van-Deste, CEO for the exploration and production Business Unit, Sonangol; and Paulo Guedes, Director of Renewable Energy, Sonangol.
With a focus on the role of oil and gas in the energy transition, speakers emphasized that decarbonization strategies, rather than resource phase outs, will prove more effective in reducing emissions and protecting the environment. While energy poverty in Africa remains a significant threat and in urgent need of addressing, an adapted decarbonization approach will be significant for the country and continent as a whole.
Despite being committed to oil and gas, using decarbonization technologies to drive the transition, Angola has also expanded its renewable energy objectives with new programs and initiatives driving progress. Notably, speakers provided insight into the country''s hybridization project – aimed at expanding renewable energy utilization in the country.
The question is where are we going to get the money from? How do we get funding for oil and gas projects in the energy transition? Sonangol, as does every other company, is facing the same challenges," stated Van-Deste.
As the photovoltaic (PV) industry continues to evolve, advancements in Angola energy transition have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Angola energy transition for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Angola energy transition featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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