Geothermal and biomass energy consumption in Africa has shown a significant upward trend over the past decade, starting from 4.57 Terawatthours in 2013 to 8.98 Terawatthours in 2023. Notably, consumption grew at varying rates, with the most substantial increases observed in 2014 and 2015. Despite a slight decline in 2020, the market rebounded, maintaining a positive growth trajectory. Year-on-year variation in 2023 stood at 3.35%, considering the average annual growth rate for the past five years at 1.49%. Future forecasts predict continued growth, reaching 10.41 Terawatthours by 2028, with an anticipated CAGR of 2.35%.
Future trends to watch for include advancements in technology and infrastructure, which could enhance energy efficiency and reduce costs. Government policies and international investments will play a crucial role in driving the adoption of renewable energy. Additionally, the impact of climate change initiatives and increased awareness of clean energy alternatives could further bolster the demand for geothermal and biomass energy in Africa.