Energy in Africa

Africa’s energy landscape is undergoing a fascinating transformation. While there is a surge in oil and gas exploration in 2024, particularly in countries like Namibia and Angola, a strong counter-current is pushing for renewable energy sources like solar and wind power. This shift towards renewables is driven by a growing awareness of climate change and the potential of abundant sunshine and wind in Africa.

While renewable energy offers a sustainable future, its high initial costs and the existence of widespread energy poverty can make fossil fuels a more attractive option, at least in the short term, for some governments. Despite these hurdles, the future of African energy is increasingly bright.

Solar power is poised for the most significant growth, with wind power hot on its heels. In the near-term forecast, fossils fuels will retain their importance until the mid-2030s, but renewables are on track to become the preferred energy source. Furthermore, Africa is embracing innovative solutions like carbon capture and green hydrogen as well as ammonia production. Namibia, for instance, is leading the way in green hydrogen projects, showcasing the potential for a sustainable energy future.