Africa's renewable energy opportunity
Africa's renewable energy sector presents significant opportunities for investment, innovation and sustainable growth.
Key findings
- 72% Projected increase in renewable energy generation by 2030
- $120B Estimated market value for clean energy in Africa by 2030
- 4.5% Annual growth rate in renewable energy sector
Executive summary
Africa's renewable energy sector presents significant opportunities for investment, innovation and sustainable growth. This report analyses the key drivers, market trends and challenges shaping the sector, and provides strategic recommendations for businesses looking to enter or expand in the region.
1. Market overview
The utility-scale renewable energy sector across several African markets is moving from pilot projects to bankable programmes. Demand, grid access, and the policy settings around each market still have to be read separately.
2. Opportunities
- Solar and wind energy development
- Green hydrogen and clean tech
- Infrastructure and grid expansion
- Local manufacturing and job creation