Chariot Limited (LSE:CHAR) has published its final results for 2024, showcasing important progress across its energy ventures in Africa. The company revealed plans to divide into two separate entities focused on Upstream Oil and Gas and Renewable Power, aiming to enhance shareholder value and unlock new growth opportunities.
Highlights from 2024 include successful drilling operations in Morocco, forging strategic alliances for renewable energy projects, and securing significant funding to support electricity trading activities. These developments set the stage for Chariot to capitalize on rising demand for sustainable energy solutions across the African continent.
About Chariot Limited
Chariot Limited is an Africa-centric energy company operating two core divisions: Upstream Oil and Gas and Renewable Power. The company’s upstream segment concentrates on exploring and developing oil and gas resources, primarily in Morocco. Meanwhile, its Renewable Power arm focuses on delivering cost-effective and reliable green energy solutions through generation and trading initiatives in South Africa, along with power-to-mining and water projects elsewhere on the continent. Notably, Chariot is advancing its green hydrogen project, Project Nour, in Mauritania, and piloting a 1 MW electrolyser in Morocco.
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