Redefining the solar power market in Africa
Solar power capacity and energy generation has seen a rapid increase over the last decade, becoming the fastest-growing source of renewable energy in the world. Thanks to technological advances, a sharp decline in costs, improved policies and growing concerns over climate change, renewable energy has been placed front and centre on both the public and private agendas.
While the economic downturn caused by the COVID-19 pandemic has stifled growth in 2020, with demand decreasing across both the private, commercial and utility sectors due to the financial uncertainty faced, Africa’s growing population and rapid urbanisation have meant that identifying solutions and designing systems for resilient and resource-efficient cities is imperative.
According to Joshua Low, Managing Director at Messe Frankfurt South Africa – organisers of leading solar and energy storage event in Africa, Solar Power Africa, it is critical that solutions to address the current supply chain disruptions and loss of investment are identified in order to prevent delays and cancellations of projects being commissioned in Africa.
Low says that Africa’s energy deficit caused by an ageing fleet of power plants run by utilities requires both the public and private sectors to rethink the energy mix in order to meet the demand.
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