The private sector, driver of the african energy transition
Green energy is a key step towards achieving carbon neutrality in line with the goals set by African states. It will help ensure better access to electricity for the entire population of the continent. The renewable energy market is already particularly dynamic in Africa, benefiting from an increasingly pronounced decrease in its costs. Energy transition thus provides numerous opportunities for the private sector, both in the emergence of renewable energy projects and in securing existing electrical systems.
The exploitation of the immense potential in renewable energies on the African continent is currently in the minority. Weak incentives for investment and insufficient research in the field complicate entry into this market with significant potential benefits.
While, in 2020, most wind and solar projects on the African continent have local participation below 50%, energy transition is only conceivable by putting the voice of African businesses at the center of the debate.