Approximately 620 million people in sub-Saharan Africa do not have access to electricity, based on data from the International Energy Agency. A mandate for energy is rising with a 45 percent increase between 2000 and 2012, according to the IEA.
Thankfully, renewable energy is set to play a big role in Africa and is projected to transform the electricity sector. It is wonderful to see an energy revolution for Africa with concerns about clean energy.
President of the African Development Bank, Akinwumi Adesina, is targeting an energy mobilization with a $55 billion investment for Africa by the year 2025.
Adesina was chosen to lead the development bank after having served as Nigeria’s minister of agriculture and rural development. His first enterprise in this role was the announcement of the “New Deal for Energy in Africa,” as it is now known. Originally the bank spent $2 billion on energy projects in 2014, with $650 million in power generation. A conclusive 80 percent of the generation projects have been for renewable energy.
A few other energy projects that are in the works are the Inga hydropower dam in the Democratic Republic of Congo that is expected to generate 40 GW along with a large-scale wind farm at Lake Turkana in Kenya with a capacity of 300 MW.
The governments of Ivory Coast and Democratic Republic of Congo have pledged to support the deal and will also be working towards ending the continent’s energy deficit in the next decade.
To see the community uprising brings joy to the team of Titan Solar. Improving the lives of others is what we as a company do and it makes us proud to see Africa becoming a part of that. We hope the revolution of energy continues to progress.