How much solar energy does Africa need?

According to the International Energy Agency (IEA), Africa has 60% of the world’s best solar resources, but only 1% of solar generation capacity. To achieve its energy and climate goals, Africa needs $190 billion of investment a year between 2026 to 2030, with two-thirds of this going to clean energy, the IEA says.

Which countries have the most solar power?

South Africa and Egypt have the biggest solar capacity, followed by Algeria, the report says. By 2050, energy company BP predicts that around 30% of Africa’s energy production will be from solar power. What's the World Economic Forum doing about the transition to clean energy?

Which countries have the cheapest solar power?

Solar panel technology is also the cheapest of all renewable technologies at $995 per kilowatt. South Africa and Egypt have the biggest solar capacity, followed by Algeria, the report says. By 2050, energy company BP predicts that around 30% of Africa’s energy production will be from solar power.

Does Africa have solar power potential?

In its Africa Energy Review 2021, professional services firm PwC says Africa has “substantial solar power potential”. Fossil fuels still dominate Africa’s energy mix, but efforts are underway to accelerate solar and wind power technologies, it says. Fossil fuels still dominate Africa’s energy mix. Image: Africa Energy Review 2021, PwC

Is Africa's solar potential a 'unique opportunity'?

But the World Bank’s Global Solar Atlas, whose data Statista analyzed for its infographic, still describes Africa’s solar potential as a “unique opportunity” to provide affordable, reliable and sustainable electricity to “a large share of humanity where improved economic opportunities and quality of life are the most needed”.

What is afsia's Africa solar Outlook report?

Publication date: 2023 Author: AFSIA Description: AFSIA’s annual Africa Solar Outlook report is the most complete review of the status of solar in Africa, country by country.