Africa’s solar energy industry is projected to experience exceptional growth by 2025, driven primarily by an increase in large-scale utility projects. According to a report released by the Global Solar Council, the continent’s annual new solar capacity is expected to exceed last year’s figures by more than six times in the coming years. The report indicates that Africa aims to generate approximately 4.5 gigawatts of new solar power by 2025, marking a 54 percent increase over the previous year and surpassing the record set in 2023. South Africa leads with an installed capacity of 1.6 gigawatts, followed by Nigeria with 803 megawatts and Egypt with 500 megawatts. The Global Solar Council estimates that as utility-scale and distributed solar markets expand across various African countries, the continent’s annual solar capacity could exceed 33 gigawatts by 2029. This growing trend in solar energy will not only improve energy supply but also contribute significantly to reducing environmental pollution. Several African governments and private sector organizations are increasing investments to promote this alternative energy source, aiming to address energy shortages and achieve self-sufficiency in the energy sector. However, challenges such as financing, technology availability, and infrastructure development need to be addressed. Overall, the growth of Africa’s solar energy industry will play a vital role in meeting the region’s energy demands and supporting global environmental protection goals.
Source: binance
