Sub-Saharan Africa would need an investment of $350 billion between now and 2030, to be able to improve electricity generation/distribution and potentially solve the region’s long-standing electricity access problem. This is according to a new report by Wood Mackenzie Ltd titled “Utility evolution in Africa to reshape global electricity demand”. The report, which was released by the UK-based energy and consultancy group said: “These investment opportunities work around the fiscal and operational bottlenecks posed by some of Sub-Saharan Africa’s state utilities. Service providers are going straight to the bankable segments of residential, commercial, and industrial electricity demand, typically through distributed, renewable, off-grid solutions where the public utility does not feature.” According to research, the number of people in the region with access to electricity has grown dramatically over the past decade, but about 600 million remain without power. To meet a United Nations goal of universal access by 2030, further progress is needed not only in grid link-ups but in off-grid systems using sources such as solar energy.
Sub-Saharan Africa would need an investment of $350 billion between now and 2030, to be able to improve electricity generation
by Angie Scholtz | Mar 18, 2022