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Home Sectors Energy

Tanzania has a big renewable energy potential says TotalEnegies boss

by Editor
11/08/2022
in Energy
0
Tanzania has a big renewable energy potential says TotalEnegies boss
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Tanzania has a big renewable energy potential and can play a leading role in energy transition within the East African Community (EAC) region TotalEnergies Marketing Tanzania Limited Managing Director Jean Schoepp has said.

According to him, Tanzania needs a conducive regulatory framework to attract more investors in the renewable energy sector.

TotalEnergies Marketing Tanzania Limited Managing Director Jean Schoepp (right) flanked by Tanzania Energy Minister January Makamba during a rebranding event for the company a few months back. Photo / courtesy.

“The opportunities are there but to move in that direction, a regulatory frame work is key to attract investors,” he said.

Schoepp said the country also needs to invest in skills development and capacity development to exploit various opportunities in the renewable energy sector.

“Most of the renewable energy projects need a lot of skills and technology. Without the required skills, the country may not realize its full potential,” he added.

He said TotalEnergies will spend $6o billion globally to facilitate its transition to renewable energy as part of its commitment to Environmental sustainability and Governance (ESG).

“We have been in Tanzania for over 50 years now and this reiterates our long-term commitment to the country. We have an ambition of being among the top five companies using renewable energy globally and Tanzania will be part of the journey,” he added.

Editor

Editor

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