Economical and accessible energy is the keystone for progressive development in Africa. The development of energy projects is immensely essential to meet the needs of the growing population as well as catalyzing the economic growth in Africa.

Energy Investment Opportunities in Africa

Africa is a hub for numerous energy investment opportunities which aim to lead the continent towards a progressive path and eradicate the existent problems caused by insufficient energy capacity in the region.

One of the primary focuses of investment in energy resources is ‘solar energy’ in Africa. Through platforms such as energiseafrica, one can easily find various ways to invest into solar businesses. The solar businesses utilize your investment money to purchase solar home systems, which are then sold to families and businesses in the target region of the respective project. The investor is paid back with interest and on the other hand, a sustainable future of Africa families is made certain as they are able to receive clean and economical solar electricity to power their homes.

Guinea’s hydroelectric potential is estimated to be the highest in the region of Western Africa. However, even after having such a massive hydroelectric potential, only 6% or 6100 MW of the total hydroelectric capacity is used. Although international distribution networks are being built, the electrification rate stands at around 30%, leaving the vacancy for opportunities for investments in developing the electric grid. Some of the prominent opportunities for investment include construction of a 27 MW hydropower plant in the Macenta district, development of a 100 MW hydropower plant in the Mandiana district and construction of a 300 MW hydropower plant in the Dubreka district.

Morocco, in North Africa, is well-known to have sunshine round the year, therefore originating numerous investment opportunities in solar energy projects. Morocco’s Agency for Solar Energy (MASEN), for solar projects, acts as an off-taker and gives debt financing for Independent Power Producers (IPPs).

The region of South Africa has one of the fastest global development rates for renewable energy investment. Estimated $11 billion has already been invested into the energy projects in the respective region. Organizations such as South African Power Pool (SAPP), Regional Energy Regulators’ Association (RERA) and SADC Centre for Renewable Energy and Energy Efficiency (SACREE) are equipped to increase the utilization of the energy resources in South Africa. The South African economy is likely to provide stable returns as renewable projects have a Power Purchase Agreement (PPA) guaranteeing returns over the next twenty years. Therefore, there are ample opportunities to invest in South African projects, either in equity or refinancing the debt.

The Role of Local and International Governments in the Energy Projects of Africa

Through the years, many local and international government institutes have been set up to unlock Africa’s potential of the development of energy projects.

The Sustainable Energy Fund for Africa (SEFA) is a trust fund operated by the African Development Bank. The trust fund has received financing of USD 95 million by the Governments of Denmark, U.S and Norway for anchoring small and medium-scale Renewable Energy (RE) and Energy Efficiency (EE) projects in Africa.

The African Development Bank inaugurated Africa Energy Market Place (AEMP) in Abidjan in 2018. The AEMP was established to make efforts for boosting private investment into the energy sector. The organisation prioritizes transformative energy transactions and sets up reforms to attractive private investments and projects.

The International Renewable Energy Agency (IRENA) greatly promotes sustainable renewable energy projects. Founded in 2009, the organization provides a global networking hub for advancing energy projects.

A regional initiative, Africa Clean Energy Corridor, aims to encourage the development of renewable energy resources as well as the cross-border trade of renewable power within the platforms of Southern African Power Pool (SAPP) and Eastern Africa Power Pool (EAPP). Another regional initiative, West Africa Clean Energy Corridor assists the development of a regional power market in the West Africa Power Pool (WAPP).

The aforementioned are some of the many government initiatives aimed to up-scale the development of renewable resources in Africa.

Business Networks like ADAM Global can escalate the development of such projects. Take a look at the prevailing investment projects in ADAM Global. Our member Kesikli Law Firm, strives to achieve practical solutions based on legal expertise for business owners, developers, individuals, contractors and entrepreneurs. Click to connect with Kesikli Law firm to get legal counselling for corporate & cross-border transactions and projects including EPC projects, BO & BOT projects, construction projects, share & asset transfers, project finance, guarantee letters, joint ventures, strategic alliances, foreign investments, operation & maintenance contracts, asset management contracts, privatizations, competition law matters, litigation and alternative dispute resolution.

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