Capterio’s CEO, Mark Davis, gave a key presentation as part of a conference focussed on the Energy Transition as part of an event hosted by the Algerian and British governments. His speech was complemented by a keynote from Jeremy Oppenheim (Founding Partner of SYSTEMIQ and Programme Director of the Energy Transitions Commission).
In his presentation, Mark outlines the opportunity for Algeria to play a critical leadership role in the Energy Transition – using its high-quality hydrocarbon asset base to become a world-class regional leader in renewable fuels.
Algeria is particularly well-endowed with large sunny expanses, and particularly in the south, significant wind resources – meaning there is a major opportunity to create solar- and wind-based energy.
There is not only the opportunity to materially decarbonise domestic energy, but also to export energy – either as power, or via a carrier such as ammonia, hydrogen or others. Click to see Jeremy Oppenheim’s keynote speech at the event on the energy transition.
In the shorter term, as Mark outlines, there is a tremendous opportunity to decarbonise – and create value from – gas flaring.
Today, Algeria flares 9 BCM of gas per year. By capturing this flared gas, Algeria could increase revenues by $2000 per minute, reduce emissions by 75 million CO2-equivalent tonnes per year, and play a leading role in the energy transition. With COP26 coming up soon, there is all to play for.
Click to watch Mark’s video. Thanks to the organisers DMA and the Algerian and British governments for organising this event, and to the distinguished speakers including both Ambassadors, and leaders from Sonatrach and Sonelgaz and others.
As part of the UK’s climate diplomacy agenda, and with both countries committing to a roadmap to the transition to clean energy, Africa’s biggest country is offering a series of extraordinary opportunities for the renewable energy industry and once insurmountable barriers such as company ownership and original equipment manufacturing have been removed to make a really compelling business case for the private sector.
The event hosted by DMA with DIT in Algeria and was led by Lord Risby, the Prime Minister’s Trade Envoy to Algeria, Janet Rogan, the COP26 Regional Ambassador Middle East and North Africa, Eastern Europe and Central Asia, the Ministry of Energy Transition and Renewable Energy, the Algerian Ambassador to the UK and the newly appointed British Ambassador in Algeria as well as a number of key agencies involved in the country’s green agenda.
For more information please visit www.developingmarkets.com/events.
The available is also available On Demand: https://globalmeet.webcasts.com/start…
The conference outline:
Opening Remarks
HE Abderrahmane Benguerrah, Algerian Ambassador to the UK
Welcome and Introduction
Lord Risby, Prime Minister’s Trade Envoy to Algeria
Keynotes:
Janet Rogan, COP26 Regional Ambassador Middle East and North Africa, Eastern Europe and Central Asia
Chabane Merouane, Chef du Cabinet, Ministry of Energy Transition and Renewable Energy
– Snapshot: The Global Energy Transition
Jeremy Oppenheim, Founder and Senior Partner, SYSTEMIQ, and Programme Director of the Energy Transitions Commission
– Session 1: Renewable Energy Transition on the Road to COP26
Chair: Adil Kurt-Elli, Chief Executive, Aldersmead
Ouidad Hamrour, Project Manager for the CEO, Sonelgaz
Djallal Boucheneb, Head of Technical Feasability, New Resources Central Division, Sonatrach
Haioun Slimane, Chairman and CEO of CEEG, Sonalgaz
Mark Davis, Chief Executive, Capterio
Carla Senatore, Senior Business Origination Officer, UK Export Finance
– Session 2: Renewable Energy Solutions and Investable Opportunities
Chair: Katie McCoshan, Associate, DMA
Adel Baba-Aissa, Board Member, Renewable Energy Partner
Dali Kamel, Director General, Agence National pour la Promotion et la Rationalisation de l’Utilisation de l’Energie (APRUE)
Sahbi Amara, Africa Director, Clarke Energy
Mohamed Sami Agli, President, La Confédération Algérienne du Patronat Citoyen (CAPC)
– Closing Remarks
HMA Sharon Wardle, British Ambassador to Algeria
