India’s Renewable Energy Capacity is set to have been increasing by sizable investments across the four sectors of wind, solar, bio and geothermal.
With more than 620 million people in Sub-Saharan Africa without access to reliable electricity, Africa faces an enormous energy challenge that requires a firm commitment to the accelerated use of modern renewable energy sources and to developing energy infrastructures which presently use legacy fossil fuel systems.
African Union is pushing for a continuous increase in the renewable sector to reduce the burden on the national grid.
Africa 2030, part of IRENA’s global REmap 2030 analysis, identifies modern renewable technology options spanning different sectors and countries. Collectively, these “REmap Options” could supply 22% of Africa’s total final energy consumption by 2030, compared to 5% in 2013.
Electricity demand in Africa is projected to triple by 2030, offering huge potential for renewable energy deployment. The power sector requires investments of US$ 70 billion per year on average between now and 2030. This can be split into about US$ 45 billion per year for generation capacity and US$ 25 billion for transmission and distribution. Renewables could account for two thirds of the total investments in generation capacity, or up to US$ 32 billion per year. Realising this opportunity will create significant business activity in Africa.
Renewable energy is growing rapidly around the world, driven by economics, environmental concerns and the need for energy security. The use of modern renewable energy technologies is also on the rise across Africa, where countries are uniquely positioned to leapfrog the traditional centralised energy supply model.
The costs of renewable technologies are decreasing rapidly; recent project deals for renewables in Africa have been among the most competitive in the world.
While the resource base varies, all African countries possess significant renewable energy potential. The continent’s biomass, geothermal, hydropower, solar and wind energy resources are among the best in the world. Clear policy signals and an enabling framework can produce accelerated renewable energy deployment.
Africa is an energy-poor continent. Most people in Sub-Saharan Africa face severe energy poverty, and the low availability of energy services hampers economic development. Renewable energy is thus the linking factor to electricity for those who can’t access it from the national grid.
Other(Nuclear, Hydro, Renewable) 1%