AVOIDING EMISSIONS

Harnessing Clean Energy Across Africa

In 2022, Lumika Renewables (Lumika) through its subsidiary Terra Firma Solutions (TFS), installed a record 56.5 MW of solar panels in South Africa, taking its total installed capacity to 270 MW. This includes four of the five largest operational rooftop solar installations in the country. The total energy generation of its owned plants amounts to 53 GWh annually and has avoided an estimated 55 ktCO2e during the year.

Lumika has also signed its first power purchase agreement in Egypt to develop, construct, and provide electricity to a cement plant. The 50 MWac solar power project will be the largest commercial and industrial project in Africa with a planned commercial operation date in early 2024.

The project will directly help to reduce the plant’s carbon footprint by providing clean and reliable power to its cement factory operations. This project is expected to avoid 59 ktCO2e annually. Lumika is targeting additional projects across Africa, starting with Ghana and Senegal.

Resource Recovery To Avoid Flaring Gas

Gas flaring has been a well-established practice since the first oil field exploitation over 160 years ago. A by-product of crude oil production, market incentives do not always encourage companies to invest in capturing and using the gas. Flaring gas results in emissions of carbon dioxide, sulphur dioxide, nitrous oxide, steam, and other by-products of incomplete combustion including aromatic and aliphatic hydrocarbons, soot, hydrogen sulphide and carbon monoxide1

AIF I’s strategic investment in Impala contributes to the capture, processing and distribution of Compressed Natural Gas (CNG) as part of Nigeria’s national Flare Gas Reduction Program. Impala distributes CNG across south and southeast Nigeria to commercial and industrial clients to displace their diesel consumption. Operation of the plant started in July 2021. In 2022, Impala compressed 148% more flared gas compared to 2021 and distributed 33 million scm CNG. Assuming the CNG replaced diesel as an energy source, Impala avoided 22 ktCO2e in 2022.

1Ziyarati,