From 2013 to 2023, renewable power generation in East Africa grew consistently, starting at 0.044 Exajoules in 2013 and reaching 0.13 Exajoules in 2023. Significant growth occurred up to 2019, with noticeable dips and recoveries post-2019. The growth rate peaked at 33.93% in 2015, followed by a slowdown with occasional fluctuations. The Year-on-Year growth for the last two years showed increases of 11.21% and 5.04% in 2022 and 2023, respectively. The Compound Annual Growth Rate (CAGR) for the last five years stood at 7.52% in 2023, indicating a steady but decelerating growth trend.
Forecasts from 2024 to 2028 predict a continued upward trend, albeit at a slower pace, with a forecasted 5-year CAGR of 3.79% and total growth over the period at 20.45%. By 2028, the generation is expected to reach 0.16 Exajoules.
Future trends to watch for:
- Technological advancements in renewable energy sources could potentially boost growth rates beyond current forecasts.
- Government policies and international investments aimed at enhancing renewable infrastructure.
- Impact of climate change and global environmental policies on renewable energy strategies.