banner

AfricaSolarR
1459 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

2017 STEEL AWARDS LSFB
»

2017 STEEL AWARDS LSFB WINNERS

Over the years the prestigious Steel Awards, hosted annually by the ...

electric vehicles
»

Ford, BMW, Daimler and VW launch JV to enable long-distance electric vehicle travel

BMW, Daimler, Ford and the Volkswagengroup, which ...

[Department of Environmental Affairs, Waste Management Hierarchy, 2017]
»

Know where your waste goes

Each piece of waste has the potential to pollute the environment in a ...

GCIP1
»

SA cleantech innovators to compete on global stage

Fly larvae that turn organic waste into animal food, reusable ...

manuIndaba
»

Manufacturing Indaba targets growth

The annual Manufacturing Indaba has its sights set on expansion and ...

uganda
»

On The Road To A Green Future

In Uganda, a college project that led to ‘Africa’s first electric ...

Simbarashe Mhuriro
»

Renewables engine for youth empowerment: Mhuriro

It so happens that Simbarashe Mhuriro turns 33 today. But his young ...

Ford company
»

From Seed to Seat: How Soy Foam Proved Key to Ford’s Push to Use Renewables

By Debbie Mielewski, Senior Technical Leader, Materials ...

Screen Shot 2017-11-20 at 9.49.34 AM
»

Growthpoint launches a new green waste-to-soil initiative

Growthpoint Properties has launched an innovative pilot project that ...