Ocean energy professional network Ocean Energy Europe (OEE) has appointed risk and insurance consultancy Renewable Risk Advisers to carry out the design of a brand new European and European Union-funded insurance fund for the ocean energy sector as part of the OceanSET project. The project is expected to cut the costs of the first commercial projects and accelerate the roll-out of this new industry.
Energy storage coupled with renewable energy ensures less intermittent supply of power, thereby solving balancing and system reliability issues, the Africa Energy Indaba stated in a January press release.
As demand rises for more accessible renewable energy, the Africa Energy Indaba conference discussions are set to underscore various new avenues for innovative financing to steer Africa’s ever-changing energy landscape towards sustainability.
Africa’s oil and gas potential will grow significantly over the next two decades, driven by population growth, urbanisation and the emergence of a wealthier middle class in Africa, according to the Africa Energy Indaba, which will take place virtually from March 1 to 5.