Views: 1
The Premier’s presence at the Energy Investment Village signals the growing interest in – and serious consideration of – African clean-tech start-ups as viable clean energy investment assets
| CAPE TOWN, South Africa, October 5, 2023/ — On 11 October 2023, the Premier of the Western Cape, Alan Winde, will provide the opening remarks at Green Energy Africa Summit’s (https://GreenEnergyAfricaSummit.com/) high-octane deal pitching platform, the Energy Investment Village.
A selection of ten African clean-tech start-ups will pitch their clean-tech solutions before a panel of judges and a room full of potential international investors on day 2 of the highly anticipated Green Energy Africa Summit. The Premier’s presence at the Energy Investment Village signals the growing interest in – and serious consideration of – African clean-tech start-ups as viable clean energy investment assets. This is the second year that Green Energy Africa Summit (https://apo-opa.info/3PLZHI8) has hosted the Energy Investment Village. The initiative was developed in partnership with Freeport Saldanha’s Innovation Campus (https://www.InnovationCampus.co.za/) and advisory firm, the Research Institute for Innovation and Sustainability (RIIS) (https://EnablingInnovation.Africa/) and Anza Capital (https://Anza.holdings/), an early-stage tech start-up investment company. The Energy Investment Village is supported by Africa Scotland Business Network, JSE, Oceanhub-Africa, Savant, Firecracker, CHIETA, and Sasol. The Green Energy Africa Summit itself provides an important role in enabling international investors to originate projects that will reduce the energy deficit whilst also contributing to developing low-carbon pathways. The Energy Investment Village is the action-based aspect of the Summit, providing a key moment for African clean energy projects and international investors to have direct sight of one another. According to a report by the International Energy Agency, African energy investment needs to double to over USD 200 billion per year by 2030, for the continent to meet its energy-related development goals. However, emerging and developing economies (except for China) remain stuck at 2015 levels, with no increase since the Paris Agreement was reached. Premier Winde says, “Our energy demands are currently outstripping supply. When ramping up capacity, clean energy solutions must be a priority. This is particularly important for South Africa if we are to reach our goal of net zero emissions by 2050, to which we’ve committed in our Low-Emission Development Strategy as part of the UNDP Climate Promise, and the Western Cape Government is committed to supporting. Initiatives such as the Green Energy Africa Summit’s Energy Investment Village are excellent vehicles to enable clean energy innovation to flourish. As the Western Cape Government, we are investing heavily in making our province energy resilient. This involves striking a balance between driving economic growth while at the same time developing and harnessing renewable energy solutions.” As well as finding potential investor-start-up linkages and synergies, the competing start-ups can win valuable prizes provided by the Energy Investment Village sponsors. This includes capacity-enhancing programmes such as:
Additionally, up to R5 million in VC funding (dependent on terms & conditions and company audit) will be made available by Anza Capital, and corporate membership to an international network worth R9k will be given to the top start-up by Africa Scotland Business Network. A cash prize of R100k from Sasol for a selected start-up. Energy Investment Village finalists for 2023
Find out more about attending Green Energy Africa Summit and take part in the excitement as the Energy Investment Village finalists battle it out for pole position: https://apo-opa.info/3Q6u6Cp Distributed by APO Group on behalf of Green Energy Africa Summit. Media Contact: About Green Energy Africa Summit: SOURCE |