WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 166
Electric Vehicles and charging
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South Africa: EV sales of 1,080 in 2023, with 300+ fast and
slow charging points
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South Africa’s Free State province is taking a major leap
towards electric mobility with a $234 million investment in
the world’s first network of solar-powered electric vehicle
charging stations.
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South Africa: By 2030, power generation in South Africa
is expected to increase by more than 40%, rising from
approximately 210 TWh currently to 300 TWh by the end
of the decade
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Nigeria: Federal Republic of Nigeria has been approved
a loan of $500 million for the first phase of the Economic
Governance and Energy Transition Support Program
(EGET-SP), a new program aimed at accelerating
transformation of the country’s electricity infrastructure
and improving access to cleaner sources of energy
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Algeria: In March 2024, Algeria's National Electricity and Gas
company (Sonelgaz) has signed 20 concession contracts with
companies and consortia through its subsidiary SonelgazEnR, for the installation of 3,000 MW of installed capacity.
Major Energy players
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South Africa: Eskom, Sasol, PetroSA, Exxaro
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Morocco: TAQA Morocco S.A., ONEE
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Nigeria: Seplat Energy, NNPC
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Egypt: Middle East Oil Refinery (MIDOR), North Cairo
Electricity Distribution Company
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Region Card
Egypt: Egypt targets $40 billion of investment in green
hydrogen and renewable technology by signing seven
memoranda of understanding with international developers
in the fields
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Morocco: Morocco is aiming to significantly boost its energy
output by investing $7 billion to add 9 gigawatts of capacity
by 2027
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WEMO 2024
Recent Developments
