Attractive Frameworks for Private Investments in the Renewable Energy Sector of Africa
Satisfying Africa’s tremendous need for energy will require huge investments in both the power generation and transmission & distribution (T&D) sectors. Accordingly to IEA’s Current Policy Scenario projections, the investment will need to amount to:
⦁ 1409 billion USD cumulated for the period between 2018 and 2040 for new generation capacities, of which around 417 billion USD is going towards renewables (all technologies included);
⦁ One quarter of investments in new renewable energy capacity is expected to go towards wind and solar energy;
⦁ 767 billion USD cumulated for the period 2018 to-2040 for the development and enhancement of grid infrastructure both at transmission and distribution level.
Variable renewable capacities will play a prominent role with approximately 44 billion USD needed to develop wind and solar PV new generation capacities in the next ten years (2020-2030) and other 62 billion USD in the decade after (2030-2040).
Accumulated wind power investments in Africa between the year 2020 and 2040 will amount to 38 billion USD.
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