Renewable power generation in West Africa showed substantial growth from 0.004 Exajoules in 2013 to 0.023 Exajoules in 2023. This represents an overall upward trend, achieving notable year-on-year variations such as 50% in 2015 and a 15% increase from 2022 to 2023. Over the last five years, the renewable power generation sector maintained an average annual growth rate (CAGR) of 18.13%. Looking ahead, forecasted data suggests further growth, reaching 0.035 Exajoules by 2028 with a CAGR of 6.96%, indicating a 40% growth over the forecasted five-year period.
Future trends to watch for include:
- Technological advancements and cost reductions in renewable technologies.
- Government policies promoting clean energy investments and infrastructure development.
- Increasing involvement of private sector investments.
- Enhanced grid integration and storage solutions to manage renewable energy fluctuation.
- Multi-national collaborations and funding to support regional renewable projects.