Geothermal energy is currently the second-largest power supply source in East Africa but the primary renewable energy landscape is close to change according to the IEA’s recent analysis.
Africa undoubtedly has the potential to maximize solar energy as a sustainable source. Although the IEA report sets a much higher bar for solar energy potential than investors may be aware of. The report says that the East African region is in a state where solar, among other renewable sources, can provide for up to about 620 million people who still don’t have electricity.
Renewable energy is expected to make up half of sub-Saharan Africa’s power growth over the next 25 years. But the focus should be around which clean and sustainable renewable energy source is the primary because one is destined to take precedence. The International Energy Agency believes solar energy will lead the growth in renewables as it estimates that there’s a huge deficiency in what’s being utilized.
In 2014, Africa was predicted to use about 1.8 gigawatts of renewable energy capacity which exceeds the amount Africa has provided in the last 14 years combined. The demand for renewable energy has always been high but the continent seems to have made that an objective relatively recently. Solar and wind power are a couple of the most sustainable, clean energy sources available in the area and countries in East Africa have the land to raise the quota for solar panels or wind power turbines. Hopefully, the IEA’s first major analysis will spread light upon which renewable energy source should be focused on from an urbanization and investor standpoint because helping grow the abundance of this source could have a direct affect on over 600 million lives.