Few parts of the world are better suited to the development of renewable energy than Africa. Not only is the continent’s climate conducive to solar energy in particular, its limited footprint of electricity grids means it contains many millions of potential customers for energy providers. Combined with the development of new technologies for mobile payments and pay-as-you-go financing, renewable energy looks set to transform the lives of hundreds of millions of Africans who currently live without a reliable source of electricity.
Sector at a glance
- 36.4 gigawatts - The total installed renewable energy capacity across Africa
- 134 terawatt-hours of electricity are generated from renewable sources across Africa per year
- 634 million Africans do not have access to electricity