banner

AfricaSolarR
1558 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

ClimateChange
»

The Promise of Paris – Climate change is creating business opportunities

African countries can meet climate targets promised in the landmark ...

construction
»

Durban prepares for KZN Construction show next week

Durban will host the 2nd annual KZN Construction Expo on 7 and 8 ...

art designindaba
»

Unpacking trends with the world’s leading forecaster, Li Edelkoort

Back for Design Indaba Festival 2018 in Johannesburg and Cape Town, ...

Rhinos
»

Over 60 or more unique, stunningly designed and painted, life-sized sculptures of Rhinos will be prominently exhibited throughout the city streets, tourism hubs and the Winelands. 

A beautiful Rhino sculpture painted by our local artists is offered ...

A2g wine-water
»

Water crisis will have a significant impact on Cape wine industry

As the drought now afflicting most of the agricultural and many of ...

https://sandtonchronicle.co.za/wp-content/uploads/sites/33/2018/01/video-south-africa-produces-shoc.jpg
»

South Africa produces shocking amount of waste – South Africans contributes more than 17 million tons of waste that end up in landfills.

The Department of Environmental Affairs recently released shocking ...

https://www.miningreview.com/wp-content/uploads/2018/01/AMEC-WOOD.jpg
»

Wood – Creating a global service mining & minerals industry leader

The launch of Wood on 9 October 2017 represented a significant ...

KZN Construction
»

2018 brings new construction business opportunities to KwaZulu-Natal

KwaZulu-Natal (KZN) is realising its vision to become a prosperous ...

Oct_Headers_960
»

Entries now open for the 2017/18 Afrisam-SAIA Award for Sustainable Architecture + Innovation

Practitioners passionate about contributing to a better future for ...