An alternative energy future for Africa is possible and affordable, but only if Governments can make the shift to more renewable energy sources according to a new report from IEA. Here are the key report findings.
Commercial and industrial (C&I) off-takers can become the main driver for the energy transition in Africa and elsewhere. This is in-line with a global trend that is seeing C&I businesses integrating renewable energy solutions to power on-site operations. Renewables address three issues: greening energy supply, reducing cost and making power more reliable.
The pay-as-you-go (PAYG) market for scaling access to solar energy is maturing quickly. Building market share through customer acquisition is no longer the top priority, being replaced by cost efficiency and portfolio management. More savvy funders are now embracing consolidation, thoughtful expansion or franchising. The era of the PAYG start-up is dead.
Six Nuclear Reactors Worth of Off-Grid Renewable Energy Deployed in Last 10 Years—But Sub-Saharan Africa Lagging
The deployment of off-grid electricity is one important pathway toward reducing energy poverty. Off-grid technology can meet basic needs at an increasingly affordable cost and, when powered by renewable sources, in a clean manner. Yet until recently, we knew little about the current state of affairs: how much capacity do off-grid systems currently provide? And where?
With more than 600 million people lacking access to electricity in Sub-Saharan Africa, off-grid renewable energy has the potential to transform economies and lift millions out of poverty. But green power can do something else, too: it can help solve the continent’s mounting unemployment crisis. A perspective by Mugo Kibati of M-KOPA and Gilles Vermot Desroches of Schneider Electric.
SEforAll Africa hub in conjunction with the African Development Bank recently published a Mini-Grid Market Opportunity Assessment of Cameroon as part of the Green Mini-Grid Market Development Programme (GMG MDP) document series.
The Democratic Republic of Congo (DRC) is ranked 184 out of 190 on the World Bank’s ease of doing business index and 175 on ease of getting electricity. By comparison, Kenya, a favorite of the donor community when it comes to energy access, ranks 92 and 106 respectively. The World Bank recently credited Kenya $150 million to provide solar to under-served communities.
Riccardo Puliti, the newly appointed head of energy and extractives at the World Bank in charge of investing $8 billion a year, says that Africa and India will be the bank’s main focus, and he will pursue an all-of-the-above approach, with a major focus on natural gas and renewables, while coal will remain off limits.
This week, Power for All partner Devergy shared an honest, tell-all look at the difficulties they faced when raising awareness of their solar micro-grid technology in rural communities, and the hard work they put in to creating solutions. Read their first-hand account of the challenges they countered attracting new customers, and how they have turned challenges into opportunity.
In 2017, the African Development Bank (AfDB) will hold its annual meeting in India for the first time. The AfDB has targeted 75 million decentralized renewable connections in its plan to achieve universal energy access by 2025, while India has its sights on 40 GW of rooftop solar and 10,000 mini-grids in its bid to achieve “24/7 Power for All” by 2019. Imagine the learnings that the two have to share. Next year, also sees the International Solar Alliance (ISA) hit its stride, bringing together 20+ countries with a major focus on energy access through decentralized solutions, and opportunities for cross-learning are bolstered further under the Paris climate agreement plans for regional partnerships and technology transfer—a key to the low carbon transition.
Over 1 billion people do not have access to reliable, affordable electricity; they are often forced to turn to polluting, hazardous, and expensive solutions like kerosene, charcoal and diesel in order to fuel their lives.
An industry knows it has gone mainstream when the most risk-averse money—institutional investors such as pension funds, insurance companies, banks, hedge funds, endowments—starts to move in. It looks like that's about to happen for decentralized renewable energy—home and business rooftop solar, mini-grids—in emerging economies like Africa.
The latest Global Green Economy Index (GGEI) showed that Zambia is crushing it. The country moved up 16 places in the performance rankings between 2014 and 2016, making it the only emerging economy to be in the top 10 besides Brazil.
The 1.4 billion domestic refrigerators and freezers in use worldwide each consume an average annual 450 kWh of electricity, accounting for almost 14 percent of total household electricity consumption. As we work to end energy poverty for 1.1 billion people worldwide, those numbers are sure to rise.
East Africa is a leader in the decentralized renewable energy revolution, and along with India it is the most closely watched market as it relates to scaling mini-grids. This is especially true of Tanzania. What happens in Tanzania will have implications for the success of mini-grids elsewhere.
In an advert this week in The Economist, the African Development Bank posted an opening for a Vice President of Power, Energy and Green Growth (VP of PEGG), who it said “will champion the New Deal on Energy for Africa and will lead the Transformative Partnership on Energy for Africa to achieve universal energy access in Africa.” Great news, right?
During the recent World Economic Forum in Davos, the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, unveiled details of a hugely ambitious “New Deal for Energy in Africa”, which, if fully implemented, has the potential to fundamentally reshape the continent. The New Deal brings together a “transformative partnership”, including the Africa Energy Leaders Group, the Sustainable Energy Fund for Africa, SE4All, Power Africa and the U.K.’s Energy Africa Campaign. Between now and 2025 it aims to use public-private partnerships for innovative financing to add 205 million more connections to the electricity infrastructure. Of that number, 130 million will be on-grid connections, a 160% increase, while 75 million will be off-grid connections—a stunning 20 fold increase from today. It also envisions an increase in access to clean cooking for 130 million households.