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Annual Renewable Energy Project Tracker
Frost & Sullivan, Aug 2010, Pages: 158
The Sub-Saharan African renewable energy market is currently in its early stages of development. Only a small segment of the total potential has been utilised to date and it is expected that significant investment in this sector will occur over between 2010 and 2020. This research service provides an overview of current projects and highlights some of the key challenges project developers face when developing these projects. It further provides insight into the key equipment suppliers to the region as well as the end-users investing in RE projects.
Research Overview
This Frost & Sullivan research service titled Annual Renewable Energy Project Tracker provides an overview of the key renewable energy (RE) projects implemented in Sub-Saharan Africa. This research service identifies and describes the key market drivers, restraints and industry challenges. In this research, Frost & Sullivan's expert analysts thoroughly examine the following applications: solar, wind, biomass, concentrated solar, small hydro, energy efficiency and co-generation and clean development mechanism (CDM) markets.
Market Overview
Sub-Saharan African Renewable Energy Industry to Experience Exponential Growth As Governments Initiate New RE Projects
The Sub-Saharan African RE market is poised to experience exponential growth with governments in the region announcing new RE projects on a regular basis. The achievement of future projects will largely depend on the successful implementation of these early projects and feed-in tariffs for the effective roll out of RE projects. “South Africa and Kenya, leaders in the RE industry, have announced feed-in tariffs for RE projects along with other regional governments that are currently investigating opportunities for RE projects,” says the analyst of this research. “Many developmental agencies consider small-scale RE projects as the most feasible solution for accelerated rural electrification and therefore are increasingly investing in medium-sized projects, especially wind and solar projects.” The Sub-Saharan African RE market is expected to triple in investment value between 2010 and 2015, driven by a significant need for energy diversification and energy security of supply. This is resulting in increased awareness of the important role RE projects have in energy security and rural electrification.
However, the slow pace of regulatory reform and the continued monopolies of state utilities are a challenge to large-scale RE projects. A revamp of the industry is needed to accelerate the pace of development and the private sector, in particular. Market participants should be given incentives to invest in such a sustainable sector. “For example, in South Africa, there is huge investment planning towards the development of a large scale wind industry which is currently hampered by RE caps and time-consuming power purchase agreements (PPA) signings,” explains the analyst.
South Africa, Kenya, Nigeria and Uganda are exploring the inclusion of grid-connected solar power into the national RE feed-in tariff (REFIT) policy. Companies with local manufacturing capacity will be the first choice to supply the solar photovoltaic technology. “South Africa is expected to approve the renewable energy feed-in tariff for grid-connected solar power in 2010,” concludes the analyst. “This will allow companies with local manufacturing capacity to capitalise on the feed-in tariff laws.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- Solar
- Wind
- Biomass
- Concentrated solar
- Small hydro
- Energy efficiency and co-generation
- Clean development mechanism (CDM) markets
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