Renewable Energy Development in Africa

Africa’s population is set to double by 2050 and its energy needs will grow even faster. If current growth rates are maintained, Africa’s GDP will increase seven-fold by 2050. Providing full electricity access to all Africans will require at least a doubling of total electricity production by 2030 from current levels. With considerable solar and hydropower resources, complemented by bioenergy, wind, geothermal and marine resources in some regions, Africa has the opportunity to leapfrog to modern renewable energy.

Renewable energy technologies are now the most economical solution for off-grid and minigrid electrification in remote areas, as well as for grid extension in some cases of centralised grid supply with good renewable resources. Besides, local bioenergy, geothermal, solar thermal resources have an important role to play in covering future heat demand. Domestic biofuels and renewable energy based electrification of urban public transport can contribute significantly to transport needs. There are thus significant opportunities for project developers, investors and technology providers in the renewable energy space in Africa..

Report Methodology

The data sources in the reports are both primary and secondary. The primary data is obtained from sources such as related ministries, industry experts, private companies, Conferences organized for the related sector etc. The secondary sources include annual reports of companies, industry associations, paid databases, web sites, etc.

The analysts and researchers combine the information from these primary and secondary sources with their industry expertise to synthesize the data presented in the report. Surveys and interviews are also conducted for the research. For the surveys, interviews with key players and relevant people in the sector are mostly conducted. They are mostly via telephonic as well as personal interviews.