Many studies and reports from international agencies on renewable energy and intergovernmental organizations are deliberately tasked with facilitating the collaboration of companies for renewable energy use. These initiatives also include advancing expertise and promoting the use and adoption of sustainable power. That said, it shows that Sub-Saharan Africa could hit the equivalent to 67 percent of its energy needs by the year 2030 with the right policies, legislation, governance, and access to financial markets.
Countries like Egypt, South Africa, Kenya, Morocco, and Ethiopia, according to the International Renewable Energy Agency, have demonstrated a solid commitment for expanded use of advanced renewable energy and are ahead when it comes to energy transformation initiatives, whereas smaller African countries like Rwanda, Swaziland, Cape Verde, Rwanda, and Djibouti have also set ambitious sustainability targets. Others are going to follow suit, and alternative energy sources are becoming more common across Africa.
He believes that Africa’s renewable energy technologies have proved to be economically feasible in recent years, thanks to major technological advances. Between 2010 and 2019, the cost of electricity generated by utility-scale solar photovoltaics (PV) has fallen by 82 percent, while the cost of electricity generated by wind projects fell by 50 to 60 percent.
As a result, Africa’s renewable energy mix steadily moved away from conventional thermal and hydropower plants to increase energy access and promote long-term economic development.
Substantial new investment is needed to increase the energy transition in Africa to ensure that all people have access to adequate, affordable, and reliable energy and push just, inclusive and sustainable energy revolutions. Governments will play a key role in accelerating this process by encouraging and introducing policy initiatives. This could be connected to related actions to improve energy security, promote the green economy’s growth and increase infrastructure investment.
The learning process for deploying clean energy in Africa is improving, despite rapid cost reductions in renewable energy technology. This can be attributed to substantial investments by private sectors in countries like Kenya, Zambia, and Morocco which have resulted in some of the lowest PV worldwide.