Energy Storage in Malabo: Powering Equatorial Guinea''s Future
Equatorial Guinea''s oil revenues could either boost or bottleneck energy storage development in Malabo. While some argue for "green transition" investments, old habits die hard.
The DFC does not have any active projects in Equatorial Guinea, but there is potential for DFC programs to support investments in infrastructure (including water and power), telecommunications, agriculture, petrochemicals, and other industries. 13. Foreign Direct Investment Statistics
Historically, Equatorial Guinea's economy has benefitted from FDI in the oil and gas sector, which is responsible for a significant portion of government revenues. Government revenues were then spent on large or mega infrastructure projects built by international construction firms.
Under Equatorial Guinea's Local Content Law, a significant percentage of the goods and technology used by foreign hydrocarbon companies must be produced or assembled locally or within the CEMAC region.
Corruption Governance is weak and the risk of corruption is perceived as widespread in Equatorial Guinea. The country continues to maintain a low ranking in corruption and governance indexes. Although some anti-corruption measures were introduced in 2012, the legislative and regulatory framework is not fully in line with international standards.
PDF includes complete article with source references for printing and offline reading.
Download detailed specifications for our photovoltaic containers, BESS systems, and mobile energy storage solutions.
Industrial Zone 15, ul. Fabryczna 24
Pabianice 95-200, Poland
+48 42 212 00 00
Monday - Friday: 8:00 AM - 5:00 PM CET