Page 1 - AfrElec Week 11 2022
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Issue 342              17•March•2022                      Week 11









                ™     ™BP warns oil is yet to peak


                        BP’s 2022 Energy Outlook warns that oil production has yet to peak worldwide, but
                        renewables will eventually become by far the dominant energy source by 2050


                ™     ™Nigeria’s power investment needs

                        Nigeria will need $100bn over the next 20 years to solve its electricity supply problems
                        and meet rising demand


                ™     ™Standard’s exit from fossil fuels


                        Standard Bank, South Africa’s biggest lender in assets, says that it will stop financing all
                        new coal- and oil-fired plants as it plans to reduce fossil fuel exposure as part of a plan to
                        reach net-zero by 2050
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