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Renewable Energy International News

Namibia Aims for 400 MW of Renewable Energy by 2030 to Boost Economy and Energy Security

Namibia Targets 367–400 MW Renewable Energy Capacity by 2030 to Drive Industrial Growth and Job Creation Namibia is targeting between 367 and 400 megawatts (MW) of renewable energy capacity by 2030, focusing primarily on solar and biomass projects. Eduardo Rodriguez, Chairperson of the Namibia Petroleum Operators Association, said the planned expansion will enhance energy security, support industrial growth, and help the country meet its climate commitments. “Renewables are a fundamental component of Namibia’s economic diversification

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International Gas News

Mozambique Earns $67.6 Million from Oil and Gas as Sovereign Fund Nears Launch

Mozambique Natural Gas and Oil Revenues Reach $67.6 Million in 2025 Ahead of Sovereign Fund Rollout Mozambique earned US$67.64 million from oil and natural gas exploitation up to September 2025, according to the Ministry of Finance. Budget execution data for January to September 2025 shows that US$24.68 million came from the Mining Production Tax, while US$42.96 million was derived from the “profit oil” component—revenues from production exceeding the “cost oil” allocated to the Mozambican State.

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Local News Oil

Angola Accelerates Oil Sector Growth with New Licenses, Investments, and International Deals

Angola is moving decisively to revitalize its oil sector, combining a major licensing push, increased investments, and high-profile international agreements. The National Agency for Petroleum, Gas, and Biofuels (ANPG) announced that the country is set to award up to 60 oil and gas concessions by the end of 2025, surpassing the 50 blocks already allocated since 2019. The initiative is aimed at stabilizing Angola’s oil production, which had previously fallen below one million barrels per

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Local Mining News Oil

India and Angola Deepen Cooperation in Oil, Mining, and Technology

President Droupadi Murmu’s Angola Visit Strengthens India–Angola Ties in Oil, Mining, and Emerging Technologies During her first-ever state visit to Angola, President Droupadi Murmu spotlighted new opportunities for Indian investment in Angola’s oil, mining, and technology sectors key areas that could define the next phase of India Angola economic cooperation. President Murmu met with Angolan President João Manuel Gonçalves Lourenço at the Presidential Palace in Luanda, where discussions centered on long-term energy security, mineral exploration,

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Renewable Energy Local News

Angola Positioned as a Renewable Energy Leader in Southern Africa

Angola Holds Major Potential for Solar and Hydropower Generation, Highlights German-Angolan Hydrogen Partnership Angola has one of the greatest potentials in Southern Africa for generating renewable energy from solar and hydropower sources, according to Vandre Spellmeier from the German-Angolan Hydrogen Office (H2-diplo). Spellmeier made the remarks on Wednesday in Luanda during the Conference on the Angola-Germany Energy Partnership. In a statement, Spellmeier emphasized Angola’s strategic importance in driving sustainable industrialization and strengthening the energy sector’s

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Gas International News

Egypt Discovers Major Natural Gas Reserves in the Western Desert

Egypt Uncovers Significant Natural Gas Discovery in Western Desert’s Badr-15 Sector Egypt’s Ministry of Petroleum and Mineral Resources has announced a major natural gas discovery in the country’s Western Desert, marking another step forward in efforts to boost domestic energy production and reduce dependence on imports. The find was made by Badr El Din Petroleum Company (BAPETCO) at the Badr-15 sector, following successful drilling at the BED 15-31 exploration well. According to the ministry, the

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Gas International News

Mozambique Projects Record $5.9 Billion in FDI for 2026, Driven by LNG Expansion

Mozambique to Reach Record $5.9 Billion Foreign Investment in 2026 as LNG Projects Accelerate in Rovuma Basin Mozambique is projecting a record foreign direct investment (FDI) of US$5.88 billion in 2026, a 22.6% increase compared to the previous year, driven primarily by major developments in the natural gas sector. According to supporting documents for the 2026 Social and Economic Plan and State Budget proposal (PESOE)—set to be debated in parliament in the coming days—this growth

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International Gas News

Mozambique and South Africa Strengthen Energy Ties Ahead of December Binational Summit

Mozambique and South Africa Deepen Energy Cooperation, Set to Sign MoU Before December Summit The Minister of Mineral Resources and Energy of Mozambique, Estêvão Pale, hosted the South African Minister of Electricity and Energy, Kgosientsho Ramokgopa, in Maputo yesterday as part of ongoing efforts to strengthen bilateral cooperation in the energy sector and prepare for the upcoming binational meeting between the two Heads of State, scheduled for December in Mozambique. Thursday’s meeting focused on consolidating

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Renewable Energy International News

Zambia Commissions 15 New Solar Mini-Grids in Chadiza to Expand Rural Energy Access

Zambia Launches 15 Solar Mini-Grids in Chadiza District, Boosting Clean Energy Access in Rural Communities The Government of the Republic of Zambia has commissioned 15 new solar mini-grids in Chadiza District, Eastern Province, marking a significant milestone in expanding access to clean, reliable, and affordable energy for rural communities. The commissioning ceremony took place in Kumadzi Community, where Eastern Province Minister Peter Phiri delivered a keynote address on behalf of the Minister of Energy, Makozo

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Economy Local News

J.P. Morgan Resumes Dollar Clearing in Angola After Nine-Year Hiatus

J.P. Morgan Becomes First U.S. Bank to Restore Dollar Clearing in Angola, Signaling Confidence in Financial Reforms J.P. Morgan has become the first U.S. bank in nearly a decade to resume dollar clearing services in Angola, marking a major step in the country’s ongoing efforts to reconnect with global financial markets after years of isolation caused by corruption and compliance concerns. The move ends a nine-year absence of major U.S. banks from Angola, following their

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