This is stated in the most recent Africa Energy Review 2024 by PwC.
The report shows that efforts to improve energy access and electrification are bearing fruit, notably in East Africa. The report states that countries such as Kenya, Ethiopia and Tanzania are advancing renewable energy and rural electrification.
“With major projects like the Lake Turkana Wind Farm, Kenya has achieved over 75% electricity access and aims for 100% renewable generation by 2030.
“Ethiopia’s Grand Ethiopian Renaissance Dam is expected to enhance regional energy exports,” the report stated.
Zooming into Southern Africa, the report indicates that the region is a leader in renewable energy development, particularly in solar and wind, with South Africa dominating the region’s investments.
It also goes into Namibia’s focus on renewable development to enable green hydrogen generation, leveraging its abundant solar and wind resources.
According to the report, both Western and Central Africa are making significant progress in energy development through the use of natural gas, renewable energy and green hydrogen.
“Nigeria leads Western Africa with a $585 billion net zero plan by 2050, while Senegal and Ghana focus on solar and waste-to-energy projects.
“Despite only 57% electricity access, the region is shifting towards decentralised renewable solutions.
“In Central Africa, countries like the DRC and Cameroon are investing in hydropower and solar energy, with international support and regional collaboration through the Economic Community of Central African States (ECCAS) to overcome financing and infrastructure challenges and enhance energy security,” the report stated.
The report notes that North Africa’s energy landscape is evolving with a strong oil and gas sector alongside a growing emphasis on renewable energy sources, including wind, solar and green hydrogen.
“Key players like Egypt, Algeria, and Morocco are using their resource wealth to transition towards renewables while maintaining their positions as natural gas exporters.
“Egypt aims to produce 42% of its electricity from renewables by 2035, driven by significant investments in solar projects like the Benban Solar Park.
“Morocco targets over 52% renewable generation by 2030, focusing on large-scale solar and wind projects.
“While reliant on gas, Algeria plans for 22% renewable energy by 2025, and Libya is seeing a rebound in oil production despite political challenges.”
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