The renewable energy sector in Niger has shown significant growth over the past decade, with the total primary energy supply steadily increasing from 0.012 in 2013 to 0.07 in 2023. This represents a substantial shift, particularly from 2016 onwards where annual growth rates peaked, including a notable 107.34% increase in 2017. However, fluctuations were observed in 2020 with a 5.97% decline from the previous year, albeit followed by a steady recovery. Year-on-year variations for 2022 and 2023 stabilized around 6-7%, depicting a mature growth phase. As of 2023, the CAGR over the last five years stood at 14.59%, indicating robust annual growth.
Future trends to watch for include a forecasted CAGR of 4.08% over the next five years, suggesting a moderate but consistent increase in renewable energy supply. By 2028, the renewable energy supply is expected to grow by 22.14% from 2023 levels. Monitoring advancements in technology, government policies, and investment flows into the sector will be crucial in shaping the renewable energy landscape in Niger.
