banner

AfricaSolarR
1372 Views

Africa has potential to become a world reference in renewable energy, new study


According to a new survey, international investors say Africa’s renewable energy industry is the most promising on the continent.

The survey which was conducted by a French research agency Havas Horizons, indicates that investors believe in the ability of Africa to become a world reference for renewable energy.

It further states that projects in this particular sector, which was long considered risky, now represent a high potential in realizing higher returns on investment .

Solar energy was highlighted as the most promising energy solution by the year 2020 and Africa is now entering a global trend of development of renewable energy at the expense of fossil fuels.

The fall in global commodity prices has not decreased investor confidence in the continent, the research says. Adding that investors are willing to keep and even increase their investments in Africa, with Ethiopia, Nigeria, Morocco, Ghana and Senegal, showing immense potential.

However, investors cited issues surrounding legal procedures and governance as some of the main setbacks.

Havas Horizons polled 55 banking and financial institutions between January 14 and February 29.
Earn valuable CPD credits

Redeem your 50% discount

How to use product life cycle analysis to your advantage. (David Baggs)

Source: africanews


Follow Alive2Green on Social Media
TwitterFacebookLinkedInGoogle +

Recently Published

organic pigs2
»

Organic Pig Production Reduces Antibiotic-Resistant Bacteria

A recent study published in the scientific journal Frontiers in ...

Screen Shot 2017-09-20 at 10.51.39 AM
»

Water scarcity under the spotlight at Water Research Council meeting

Water scarcity in South Africa will be high on the agenda of a ...

Screen Shot 2017-09-20 at 10.17.41 AM
»

Hospitality Marketing Maven Joins Premier Hotels & Resorts

With over 25 years of marketing, public relations and events ...

Plastics SA
»

Record numbers of volunteers participate in 2017 international coastal clean-up day

This past weekend saw the 21st year in which South Africa ...

Screen Shot 2017-09-20 at 9.33.45 AM
»

Nordic Energy Days: Clean and renewable energy vital for the Southern African Power Pool

The Nordic countries Denmark, Finland, Norway and Sweden hosted the ...

Samoa
»

Environment officials talk sustainable tourism in Samoa

Environment officials are in Apia to begin talks starting with a ...

A2g
»

Huge impact of subtle law changes on mining and oil & gas industries

Analysis of proposed change to financial provisioning laws Financial ...

Screen Shot 2017-09-07 at 11.43.12 AM
»

LUX* implements 100% renewable energy production project on Ile des Deux Cocos property

The 20kWp project’s state-of-the-art design and storage solution ...

Screen Shot 2017-09-07 at 11.13.20 AM
»

Langa Residents Turn Trash into Cash with Polyco’s PACKA-CHING Project

In just four days, Langa locals brought 5,2 tonnes of glass,1,9 ...