Oil Exports Funding Republic Of Congo’s Renewable Projects

Country Overview

The African country of the  Republic of the Congo (Congo) is bordered by Gabon, Cameroon, Central African Republic, Democratic Republic of the Congo, Angola, and the Atlantic Ocean. The population of Congo is approximately 6.19 million people.

In 2022, Congo’s economy was ranked 139th in gross domestic product (GDP) in the world. The country’s economy is dependent on the export of refined copper, crude oil, refined petroleum, rough wood, and tin ores.

Environmental Policies

In 2016, Congo signed the Paris Climate Agreement, committing to a 48% reduction in greenhouse gas emissions by 2025 and 55% by 2035, compared to a business-as-usual scenario.

Power Generation Capabilities

In 2021, 49.7% of the people in Congo had access to electricity. In 2021, the state-owned utility, Société Nationale d’Electricité used natural gas (68.1%), renewable energy (23.9%), and refined petroleum (8.0%) to generate electricity across the country, Hydropower is the dominant type of renewable energy used to generate electricity in Congo.

Recent renewable energy projects in Congo include:

  • 55 MW Solar + Biomass Project – Congolese company, Tinda Cash is continuing work on a solar plus biomass project at a site approximately 30 miles northeast of the nation’s capital, Brazzaville. The hybrid project is forecast to be commissioned by year-end 2024.
  • 10 MW Biomass Project – Congolese company, Tinda Cash is continuing work on a solar plus biomass project at a site approximately 25 miles northeast of the nation’s capital, Brazzaville. The project is forecast to be commissioned by year-end 2024.

Conclusions

Commercial oil was first produced in Congo in 1957. In 2022, Congo was the 24th largest crude oil exporting country in the world.

Oil is a significant component of Congo’s economy. In 2021, Congo exported U.S. $1.71 Billion of crude oil and U.S. $318 Million of refined petroleum.

On 24 February 2022, Russia invaded Ukraine, prompting the European Union, United Kingdom, United States, Canada, Japan, South Korea, Australia, and New Zealand to place economic sanctions on Russian imports and exports. As a result, the crude oil and natural gas prices increased by over 50% from May 2021 to May 2022.

Congo has significant undeveloped renewable energy resources including solar, onshore wind, hydropower, offshore wind, biomass, and geothermal. Crude oil exports are now funding Congo’s new renewable energy projects, which will increase electricity access for more people across the country.

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

 

Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio, podcast, and television stations from New York City to Los Angeles on a diverse range of energy issues.

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