Sub-Saharan Africa predicted 1.8GW renewable energy pipeline for 2014

Facebook
Twitter
LinkedIn
Reddit
Email

According to Bloomberg New Energy Finance (BNEF) 1.8GW of renewable power capacity will be commissioned in Sub-Saharan Africa in 2014.

New research published by BNEF on Thursday predicts investments of US$5.9 billion will be made this year in renewable (geothermal, solar and wind) energy in the region.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

That is 5% less than last year’s US$6.2 billion investments, but for 2016 investment is predicted to balloon to US$7.7 billion.

The boost is said to be thanks to an increase in demand, but also in awareness of costs per MWh – as the price of solar and other renewables declines sharply, in comparison to expensive diesel and thermal power.

BNEF predicts the market will be led by South Africa, Ethiopia and Kenya.

South Africa is predicted to lead with 3.9GW of renewable energy to be installed by 2016, predominantly made up of wind and solar. This includes Spanish developer, Abengoa’s 100MW Xina Solar One solar thermal project, which secured US$142 million from the African Development Bank.

Kenya and Ethiopia is predicted to have less solar with renewables pipeline of 1.4GW, and 0.57MW, respectively.

BNEF senior analyst, Victoria Cuming said that renewable energy in Africa is not new, and has been successful in places like South Africa, but “what is different now is the breadth of activity, with wind, solar and geothermal exciting interest in many different countries, and the potential for further growth”.

Although globally the overall 1.8GW figure is not ambitious, it is more renewable energy than has been deployed in the thirteen years prior from 2000-2013.

The “joker in the pack” for the Sub-Saharan region is likely to be rooftop and other small-scale PV, which has the potential to “enjoy explosive growth” in towns and cities and off-grid rural areas, said Derek Campbell, Cape Town based analyst for BNEF.

However, the sector requires more viable financing models such as Kenya’s M-KOPA model, said Campbell. “The question is whether people in other [African] countries can warm to the idea of generating their own solar power in the same way as they flocked to mobile telephony,” he added.

Read Next

September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines