Politicians across the continent will have to decide between their heavily-indebted state utilities or embracing the energy transition, according to one energy analyst.
The sheer volume of new power lines which will be required to accommodate the rising tide of solar installations ensures copper has been included by the International Energy Agency on its list of minerals which must keep flowing if the energy transition is to stay on course. And it’s not production that’s the potential bottleneck.
The Golomoti solar plant is expected to come online by the end of the year. The plant will be used to provide grid stability and reduce national dependence on diesel generators and hydroelectric generation.
Nigeria and Ghana-based Starsight Energy has spent an undisclosed amount to acquire a half stake in the Kenyan subsidiary of East African peer Premier Solar Group.
With South Africa holding 63,000 of the world’s estimated 69,000 metric tons of platinum reserves – according to the Statista.com website – and Russia and Zimbabwe a further 5,100 between them, the European Commission has cited the metal as an example of a potential supply chain bottleneck that could handicap its grand plans for renewables-powered hydrogen production.
The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.
A Carbon Tracker report estimates 60% of the world’s technical solar potential – enough to produce 3.5 exawatt-hours of clean electricity per year – would already be cheaper than fossil fuel if installed. Of the remainder, most would be in sub-Saharan Africa, a region which has the potential to be a global solar and wind powerhouse.
Dutch off-grid solar organization GOGLA has focused on the negative effect of the reimposition of VAT and import duties on solar lighting systems in Kenya as emblematic of the lack of legislative support for clean energy across the continent.
The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the continent with hundreds of regional sites which offer rich solar and onshore wind potential, to determine what could be possible.
With investors often put off by a lack of supportive policy for renewables on the continent, the exceptions made to attract money to its economic trade zones might also prove more friendly to clean power infrastructure spending.
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