05/07/2020

Africa’s Energy System Needs Significant Investments

Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy.

Official Press Release IRENA:

The Investment Case for Energy Transition in Africa

Wind Industry Profile of

IRENA and UNDP’s Africa Centre for Sustainable Development outline why significant investment is needed to transform Africa’s energy system.

Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed at national and regional levels, 580 million Africans still do not have access to modern sources of electricity. A strategic partnership between IRENA and the United Nations Development Programme (UNDP) is working to solve this challenge by unlocking the capital necessary to help Africa realise its full renewable energy and economic potentials. IRENA’s ... More: Official Press Release IRENA