Growing government support in the form of production subsidies and the increasing liberalisation of electricity sectors is boosting the renewable energy industry in Africa. The announcement of renewable energy feed-in-tariffs in South Africa and Kenya are an indication of more favourable green energy policies in the region.
"Green energy markets in sub-Saharan Africa are still in their infancy and require significant public and private financing support and rapid technology diffusion," says Frost & Sullivan energy analyst Sipha Ndawonde. "However, changing government perception in favour of green energy is adding impetus to market development. Increasingly, green energy projects are viewed as an effective tool to increase the levels of energy security in both off-grid and grid connected applications."
To offer decision makers a comprehensive overview of the potential of renewable energy markets in sub-Saharan Africa, Frost & Sullivan will be hosting an online analyst briefing on Thursday 8 October at 2:00 pm BST/ 3:00 pm CAT.
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