600 million Africans have no access to electricity while the energy sources, especially renewable energies (RE) abound on the continent. Its key features: environment friendly, availability and its recent cost competitiveness gains over fossil energy; make renewable energy an excellent avenue to start an energy revolution in African. However, having affordable, sustainable and smooth access to energy has a cost. Public policy in investments promotion and risk mitigation in the RE sector are among other issues on which African Government should work on.
This study evaluates the potential of the continent in terms of renewable energy source, assesses the investment needs in light of the renewable energy targets of African countries and presents a set of recommandations to ensure these could be reached. Read the full note.