By Business Excellence:
Alongside the severe energy crises currently being experienced by most African countries comes a huge opportunity to direct investments into clean, efficient, renewable energy for the growth of a green economy in Africa.
Energy is one of the keystones for social and economic development and affects all its major aspects, such as environmental protection, gender equality, food security, climate change mitigation, health, education, and poverty alleviation. This is why access to affordable, sustainable modern energy services—electricity as well as thermal applications—is a major determinant for progress in achieving poverty reduction and the attainment of the Millennium Development Goals (MDGs) in Africa.
According to the International Energy Agency (IEA), almost two-thirds of the African population of one billion people have no access to electricity. In rural areas of African countries, the share of people with access to modern energy services is as low as eight per cent. Only four per cent of the worldwide produced electricity is generated on the continent. On average, Africa consumes about 492 kWh per capita compared to the EU with over 3,000 kWh; and the US which consumes 7,700 kWh per capita. With a total installed capacity of 103 GW, Africa has less power generation capacity than, for instance, Germany with 120 GW. Of these 103 GW, 46 per cent are located in South Africa and 34 per cent in Northern Africa [JRC 2008]… Read more