2024-12-23
https://w3.windfair.us/wind-energy/news/6605-africa-insite-into-african-large-scale-wind-turbine-market

Africa - Insite into African large-scale wind turbine market?

Frost & Sullivan's new report "African Large-Scale Wind Turbine Market"

Research and Markets has announces the addition of Frost & Sullivan's new report "African Large-Scale Wind Turbine Market" to their offering.

To date, more than 96% of the installed wind capacity is installed in North Africa. However, the announcement of the renewable energy feed in tariff in South Africa is attracting interest in the large wind turbine market in this region. In East and West Africa, regular power outages caused by rising electricity demand and dependency on single feedstocks for power generation has increased the interest in wind energy for power generation. This research service profiles the activity in the large wind turbine market across Africa. Slides 1-227 identify the current and future projects, key equipment suppliers and level of government commitment to wind power projects.

This Frost & Sullivan research service titled African Large-Scale Wind Turbine Market provides an in-depth analysis of the market drivers, equipment suppliers and industry challenges in the African wind power market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following regional wind power markets: North Africa and Sub-Saharan Africa. This research service focuses on the following product segments of the large-scale wind turbine market: 600kW, 660-850kW and greater than 850kW.

Market Overview: Growing Demand for Electricity Drives the African Large-scale Wind Turbine Market

Despite its potential, the African large-scale wind turbine market is yet to contribute significantly to the power sector in the continent. Historically, the low price of electricity generation from traditional feedstock such as coal and natural gas has limited the interest in renewable energy power generation. However, higher-than-anticipated economic growth in African states in the last five years has led to a rapid increase in electricity demand, along with a renewed interest in alternative forms of power generation. "As a result of public pressure to provide reliable power supply, governments in Africa are investing more time and resources into exploring renewable energy for power generation," says the analyst of this research. "The success of the wind power market in Europe and the United States has convinced many governments that wind power can assist in alleviating some of the power shortages in the continent." Wind power projects between 120MW and 300MW have been announced in Kenya, Tanzania, Ethiopia and South Africa. In North Africa, the Zafarana wind site in Egypt continues to increase its installed capacity, and interest is growing in the Algerian, Tunisian and Moroccan wind power markets.

A major challenge to market expansion is that the power sector in many African countries is still regulated by monopoly control. Thus, the onus of meeting electricity demand is the sole responsibility of utilities. "Moreover, there are other restraints such as aging infrastructure, over-reliance on single feedstocks for power generation, and the lack of capital for electrical infrastructure refurbishment," explains the analyst. "This has resulted in many countries failing to meet the rising electricity demand."

Strategic consultation among equipment suppliers, project developers and government institutions on key issues such as grid capacity will promote the market prospects. The level of government support for renewable energy projects will also be a key to the growth of the renewable energy power market.

Key Topics Covered:
1. Executive Summary
2. Research Aim and Objectives
3. Industry Challenges Africa
4. Market Engineering Measurements
5. Market Drivers and Restraints North Africa
6. Market Drivers and Restraints Sub-Saharan Africa
7. How Africa Fits into the World Wind Power Market
8. CDM and Revenues for Wind Farms in Africa
9. Venture Capital and Private Equity Investment Trends and Impact on Africa
10. Wind Project Attractiveness Indicators
11. Top Three Wind Turbine Manufacturers Strategy and Focus on Africa
12. Strategy of Potential Participants in the African Wind Power Market
13. Regional Analysis: North Africa

For more information please contact Trevor Sievert at ts@windfair.net
Source:
Research and Markets
Author:
Posted by Trevor Sievert, Online Editorial Journalist
Email:
ts@windfair.net
Link:
www.windfair.net/...
Keywords:
Africa, wind energy, renewable energy, wind turbine, wind power, wind farm, rotorblade, onshore, offshore




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