As global renewable energy reaches 3,870 gigawatts, Africa lags behind

As global renewable energy reaches 3,870 gigawatts, Africa lags behind


The International Renewable Energy Agency (IRENA) said yesterday that renewable energy deployment in Africa remains far behind, with installations reaching a record high of 473 gigawatts (GW) last year, bringing global renewable energy capacity to 3,870. It was announced that it would reach GW.

This development showed that renewable energy accounted for 86% of capacity growth in the power sector last year, with capacity growth across the African region at just 4.6%.
In a new report measuring capacity highlights in the renewable energy sector, IRENA showed that expansion was once again led by Asia, accounting for a 69 percent share, equivalent to 326 GW.

China stood out with an impressive 63% increase, with the Asian country reaching 297.6 GW.

“This reflects a clear disparity with other regions, with the majority of developing countries being left behind, despite huge economic and development needs.Africa has seen some growth; However, this pales in comparison to the 4.6% increase in total capacity reaching 62GW,” IRENA said in the report.

Francesco La Camera, Director General of IRENA, said the extraordinary surge in renewable energy generation capacity means that renewables are the only technology available to rapidly scale up the energy transition in line with the goals of the Paris Agreement. He said it shows that there is.

“Nevertheless, this data provides evidence that progress has not yet made enough to add the 7.2 TW of renewable power needed over the next seven years, according to IRENA's Global Energy Transition Outlook 1.5°C scenario. It also works,” he added.

The agency called for policy interventions and a global course correction to urgently overcome barriers and create local value in emerging markets and developing countries like Nigeria.

The only region outside of Asia that has seen significant expansion is the Middle East. Growth in the Middle East increased by 16.6%, and in Oceania by 9.4%. Last year, across the G7 countries he increased by 7.6%, adding 69.4 GW.

IRENA recommends a massive scale-up of finance and strong international cooperation to accelerate the energy transition, with developing countries as a top priority, within a 1.5°C scenario.

The report states: “Investments are needed in the grid, generation, flexibility and storage. Tripleing renewable power capacity by 2030 will require stronger institutions, policies and skills.”

Source: guardian.ng

Leave a Reply

Your email address will not be published. Required fields are marked *