Browsing: renewable energy (industry)

In the South African Department of Mineral Resources and Energy 2020 Annual Performance Plan report, the authority highlighted the importance of the energy sector in catalyzing economic growth and development.

As in the report, real-life reflects the need for a reliable supply of energy to ensure that Africa continues to push its presence onto the global stage and build foundations of economic and social prosperity.

To achieve this change, and to transform the continent’s legacy challenges into a future that allows for continued growth and development, it remains a priority for the government and private sector to invest in energy solutions that are sustainable, reliable, and relevant.

As the continent moves into the first half of 2021, it’s the right time to look ahead at what the year ahead looks like for the energy sector and what changes or opportunities could potentially shift energy solutions into high gear.

The Renewable

Africa’s post-Covid-19 growth recovery and economic prosperity are dependent on renewable energy which will be a critical driver. 

According to International Energy Agency data, scaling up Africa’s capacity to achieve universal access to energy by 2030 would require over US$100 billion per year. Of this amount, 40 per cent would be dedicated to solar, wind, and other low-carbon power generation projects. 

There are a number of initiatives meant to accelerate electrification on the continent among which is the African Development Bank (AfDB)’s New Deal on Energy for Africa which is a transformative partnership-based strategy that aims to increase access to energy for all Africans.…