Africa targets renewable energy for 570 million people
Africa aims to provide electricity access to 570 million people through renewable energy solutions. Countries are shifting from costly centralized systems to smaller, scalable projects like mini-grids and solar home systems, which can be deployed quickly. While nations like Ghana and Rwanda show progress in electrification, funding remains a challenge. Africa currently receives only 2% of global renewable energy investment, and private capital is needed to support growth in the sector. Renewable energy sources account for about 22% of Africa's electricity generation. As costs for solar technology decrease, there is potential for significant expansion, but countries must improve market conditions to attract investment and ensure project viability.