Africa has substantial new and renewable energy resources, most of which are under-exploited. Only about 7% of Africa’s enormous hydro potential has been harnessed. Existing estimates of hydro potential do not include small, mini and micro-hydro opportunities, which are also significant.
By 2050, the continent will be home to at least 2 billion people – twice as many as today – with 40% living in rural areas.
Currently, the leading economies are increasingly looking to wind energy to power homes. It is part of a trend towards varying forms of clean energy across the continent.
Kenya is a significant leader in green energy production with Africa’s largest wind farm and is on course to soon be able to claim 100% renewable energy from a range of sources including geothermal and solar. Geothermal energy potential stands at 9000MW, but only about 60MW has been exploited so far.
Countries in Sub-Saharan Africa in 2018 had invested to up to $7.4 billion up from $2.3 billion in 2017. South Africa accounted for $4 billion of investment driven by a significant onshore wind project in 2018.
If fully tapped, the renewable energy technologies will provide an attractive environmentally sound technology for Africa’s electricity industry.
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