Scaling-up renewable energy in Africa: a netzero pathfinders report

Africa’s investments in renewables trail far behind the rest of the continents, accounting for only 0.6% of the $434 billion destined for clean energy worldwide in 2021, a recent report by BloombergNEF shows. According to the market analyst, despite Africa’s natural resource wealth, rapidly growing electricity demand and improving policy frameworks, only $2.6 billion of capital was deployed for new wind, solar, geothermal or other renewable power-generating projects in 2021, the lowest in 11 years.