G20 Africa Energy Investment Forum urges blended financing to achieve stable grids

• 14 hours ago (2025-11-24)
• David Flin

Africa 352 Distribution 147 Transmission 224

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During the G20 Africa Energy Investment Forum, African leaders stated that Africa’s path to future-ready energy systems depended on leveraging both fossil fuels and renewables.

Nzan Ogbe, CEO of Levene Energy, said: “Investment cannot be binary. Funding needs to be blended. Governments, local banks and international partners must come together.” Ogbe explained that Levene Energy had to self-fund a 100 MW solar PV manufacturing plant in Nigeria after failures to secure other funding.

Stan Pillay, from the mining giant Anglo-American, said: “The non-negotiable is that we need a stable grid. With a stable grid, we can reduce the cost of power to our operations, we could help stabilise the national grid, and we could decarbonise.”

Nick Rowley, Managing Director for Green Asset Exchange, said: “We must use every resource at our disposal to unlock capital. There is no shortage of projects – there is a shortage of finance.”