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Investment in renewable energy in Africa fell to an 11-year low in 2021, comprising just 0.6% of the global total, according to a report by BloombergNEF. Financing options are insufficient and expensive because lenders worry about the risks of taking on new projects in often politically or economically unstable countries with broken supply chains.
Discovery Battery’s new lithium iron phosphate battery system has a nominal voltage of 51.2 V and a capacity of 100 Ah. Up to six 5.12 kWh battery modules can be stacked in a single enclosure, and up to four enclosures can be connected in parallel for a total capacity of 120 MWh.
Africa has some of the fastest growing economies in the world. Access to clean, affordable, and reliable electric power is a key ingredient for faster economic growth and development of any economy. African countries have a long way to go in terms of improvement in the energy trilemma index.
Kenya had the highest growth rate in Africa in 2022, thanks to the continent’s enticing fundraising climate that year. During the period, venture volume reached a new high of $4.8 billion. The $75 million round for M-Kopa, the $125 million Series B for Wasoko and the $260 million Series D for Sun King are all deals that stand out.
Aston University enter 15-month knowledge transfer partnership with Solargen Technologies and the University of Nairobi to develop irrigation system powered by solar and wind energy. Crop yields will increase by 30 to 50% using control and sensor systems to deliver optimised amount of water for soil conditions.
Over the past five years, the most visible progress in off-grid electrification in Africa has been in private sector friendly markets such as Kenya, Nigeria, and Uganda. Untapped markets in countries such as Ethiopia, Zambia, and Burkina Faso, present a separate set of challenges.
Smart grids have been in the headlines for over a decade. Today we’ve finally reached an impasse: our existing energy infrastructure is no longer fit for purpose. As the developed world will benefit from decarbonised cities, industry, and transportation with Electricity 4.0, emerging economies will also benefit from a more equal ‘playing field’.
The report says major opportunities lie in four key segments – commercial&industrial (C&I), green hydrogen product, solar powered mobility, and productive use of energy to realise the Continent’s potential. The segment of Productive Use of Energy (PUE), supported by solar home systems and mini-grids, is included in AFSIA’s opportunities prognosis.
Africa Renewable Energy Manufacturing Initiative will help drive the financial, technical, and socioeconomic investments required to advance clean energy development and transition in Africa while opening up 1.2 terawatts of energy potential, creating 14 million new jobs, and increase GDP by 6.4 percent, SEforALL said in a press statement.

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