South Africa, Kenya and Ethiopia Lead Renewables Expansion
This analysis will identify the regional trends and themes present in Sub-Saharan Africa renewables industry and highlight the key countries that are emerging as frontrunners in the African renewables space . Although momentum is building behind the industry, there are still numerous risks that threaten the expansion of the sector, ranging from the inefficiencies within the power infrastructure, the low levels of competition and liberalisation in the markets and the challenging business environments prevailing in SSA countries.
Countries in the Sub-Saharan Africa (SSA) region are increasingly turning to their largely untapped renewable energy potential in order to meet projected power demand and diversify their often precarious energy mixes towards sustainable sources. We have witnessed numerous project announcements over the last few years as momentum builds behind the industry, with projects covering the whole renewable energy spectrum; including geothermal, wind, solar and biomass. In fact, during 2012 new renewable energy investments in the Middle East and Africa region (MEA) grew by 228%, to US$11bn. It is noteworthy that South African renewable energy investments feature in the top ten highest globally and posted the world's highest renewable investment growth over 2012, according to the United Nations Environment Programme (UNEP).
By examining the region in greater depth, we have noted some key trends and themes emerging within the SSA renewables industry, these include:
|Renewables Expansion Underway|
|SSA Non-Hydro Renewables Capacity By Type (MW), 2014 and 2023|