A Strong Boost for the New Energy Industry—Globeleq Launches a New App to Support a New Journey

Africa's New Energy Industry is Poised for Takeoff

In recent years, as global climate change has become increasingly severe, developing new energy has become a consensus among countries worldwide. As a resource-rich and populous emerging market, the African continent holds enormous development potential and market opportunities in the fields of wind energy, solar energy, hydro energy, and geothermal energy. According to the International Energy Agency (IEA), Africa possesses 60% of the world's solar energy resources, as well as abundant wind, geothermal, and hydro resources. However, the actual utilization rate is extremely low, with solar power generation capacity accounting for only 1% of the global total. This makes Africa one of the last frontiers for large-scale renewable energy development. Additionally, Central and Southern Africa are rich in mineral resources crucial for producing batteries, wind turbines, and other low-carbon technologies, laying a solid foundation for the development of the new energy industry in Africa. Furthermore, with economic growth, Africa's electricity demand continues to rise, but insufficient power supply has become a bottleneck restricting local economic development. Statistics show that among the global population without access to electricity, approximately 600 million people live in Africa. Developing new energy in Africa will significantly improve the local electricity situation and offer a vast market space.

At present, African governments are introducing policies to strongly support the development of the new energy industry and the construction of new energy projects. Tunisia has announced that "the development of renewable energy is a national strategy" and aims to increase the share of renewable energy in total power generation from less than 3% in 2022 to 24% by 2025. Niger's latest energy strategy plan clearly states that "by 2030, 30% of the country's electricity will come from renewable energy, and the installed power capacity will increase at least fivefold to reach 2000 megawatts." Niger is planning to develop the abundant wind energy in the southern part of the country, build its first wind farm, and connect it to the grid by 2025. Currently, Egypt's total installed capacity of renewable energy projects exceeds 12 gigawatts. The Egyptian government has stated that in the next phase, it will fully utilize solar and wind resources to promote more renewable energy projects. Morocco plans to increase renewable energy capacity to 12 gigawatts by 2030 and raise the share of renewable energy in the total energy structure from the current 40% to 52% within the next eight years. According to a report released by the Africa Solar Industry Association, the photovoltaic industry in Africa is accelerating, with countries like South Africa, Morocco, and Egypt leading in photovoltaic projects. More countries, such as Cape Verde, Botswana, and Eritrea, are increasing investment in the photovoltaic industry and starting to build and operate large-scale photovoltaic projects. The proactive policies of African countries are creating a favorable development environment and a vast market space for the new energy industry.

Leader in Clean Energy Generation — Globeleq

Globeleq is a global leader in the field of clean energy generation. Established in 2002 and headquartered in London, the company is a frontrunner in the global power industry. Globeleq actively adheres to the values of safety, integrity, excellence, unity, sustainability, and a sense of accomplishment, guiding its business decisions accordingly. The company boasts a professional management team with extensive on-the-ground experience and top-notch expertise across various technical fields, providing robust support for its continuous development. By implementing a diversified generation strategy, Globeleq has accumulated extensive experience in developing new capacity and building a sustainable energy project portfolio.

Since 2015, Globeleq has focused its operations on the African market. Currently, the company owns and operates 17 power plants in seven African countries, including Cameroon, Côte d'Ivoire, Egypt, Kenya, Mozambique, South Africa, and Tanzania, demonstrating strong growth momentum. In 2023, the total power generation from the company's African power plants exceeded 7,000 GWh, benefiting 8.8 million consumers and creating nearly 182,000 jobs. Notably, the use of renewable energy sources helped reduce carbon dioxide emissions by nearly 1 million tons, contributing positively to climate change mitigation and sustainable development. The company places great importance on localization and gender equality, with 496 employees, 98% of whom are local and 27% are women, with women accounting for 32% of senior management. Globeleq highly values establishing stable and good social relations with local governments and communities. In 2023, the company invested $3.1 million in socio-economic development projects in Africa, benefiting nearly 130,000 local residents. Thanks to its outstanding investment and operational management capabilities in the African solar power sector, Globeleq has won numerous prestigious industry awards in recent years, including the 2023 WINDABA Award, the 2021 PFI Award, and the IJ Global Awards in 2021 and 2020, highlighting its leading position in the industry. The company's continued investment and excellent performance in the African market have not only provided reliable power supply but also significantly contributed to the economic and social development of African countries.

Globeleq APP Helps Company Embark on New Development Journey

In order to better promote Globeleq's investments in renewable energy across the African continent, the company has developed and launched a new mobile application called Globeleq APP, which officially start its internal beta testing on July 25, 2024. This app represents the latest technological achievement from Globeleq, focusing primarily on investments in solar photovoltaic and other renewable energy sectors in Africa. It aims to provide investors, policymakers, and the general public with a comprehensive and convenient platform to understand and engage in renewable energy projects in Africa. The app will showcase Globeleq's ongoing or planned renewable energy projects in various African countries, allowing users to explore project progress, scale, and expected impacts through interactive maps and detailed project descriptions. Additionally, the app will serve as a window for potential investors to understand project operations and analyze investment opportunities across different project types. Furthermore, Globeleq APP is a crucial component of Globeleq's digital strategy. The company hopes to attract more investors to Africa's renewable energy sector through continuous technological innovation, thereby enhancing project transparency and efficiency to drive energy transition in Africa and contribute to economic development and environmental protection. Amidst the global wave of energy transition, Globeleq once again demonstrates its leadership in the industry with its innovative spirit and forward-thinking strategy.

Innovation Leads to Continued Development and Growth

Looking forward, with the increasing demand for clean energy across African nations, Globeleq is poised to maintain its market leadership in the future. The company will continue to uphold its core principles of sustainable development, consolidating its current market position while actively exploring new business opportunities. Over the next decade, Globeleq plans to further increase the proportion of renewable energy generation. Simultaneously, it will enhance investments in talent development and technological innovation to continuously strengthen its core competitiveness.

In the blue ocean of renewable energy, Globeleq is forging ahead with its spirit of innovation and strong business foundation, continuing its brilliant journey in Africa's renewable energy sector and contributing more to the continent's energy revolution. Globeleq's successful practices undoubtedly inject new vitality into the African renewable energy market and provide valuable insights for global energy companies aiming to develop in emerging markets, pushing the global energy industry towards a cleaner, more efficient, and smarter direction.