Renewable power generation in Africa has exhibited significant growth from 2013 to 2023, standing at 0.52 EJ in 2023. Over the period, the most substantial growth was observed between 2014 and 2016, with year-on-year variations peaking at nearly 54%. However, post-2018, growth rates have slowed, demonstrating a more modest increase of 8.11% in 2023. The 5-year CAGR leading up to 2023 indicates a consistent rise in renewable power generation at an average of 11.33% annually.
Future trends to watch for include:
- Advances in renewable technology which could reduce costs and increase efficiency.
- Increased investment in infrastructure projects aimed at enhancing energy distribution.
- Government policies and international agreements focusing on sustainable development and carbon reduction.
- Emerging private sector partnerships and innovation in renewable energy financing models.