In 2023, Africa's geothermal and biomass energy consumption stood at 0.088 Exajoules. Historical analysis shows a steady increase from 2013 to 2023, with yearly variations experiencing some fluctuations. The highest year-on-year increase was 24.14% in 2015, while the lowest was -4.71% in 2020. The latest 5-year CAGR (from 2018 to 2023) sits at 1.18%, indicating moderate but consistent growth.
Looking ahead to 2028, a forecasted 5-year CAGR of 2.11% suggests a strengthening growth trend. Future consumption is expected to reach 0.1 Exajoules by 2028, representing a total growth rate of approximately 10.99% over this period.
Future trends to watch for:
- Potential investment increases in renewable energy infrastructure.
- Technological advancements improving energy efficiency and lowering costs.
- Regional policy changes favoring sustainable energy sources.
- Greater integration of biomass and geothermal energy into national grids.