Global law firm Hogan Lovells has published a report highlighting the challenges posed by producing and accessing renewable energy in Africa, and how these can be overcome to achieve potential and scale.
The report titled, 'Africa and Renewables: Wholesale Change or Short term surge?', was launched at the African Energy Forum in Mauritius this week.
The analysis also highlights the potential for renewable energy production to revolutionise access to energy throughout the continent.
We've published a report that highlights the challenges posed by producing and accessing renewable energy in Africa, and how these can be overcome to achieve potential and scale. #HLAfricaPower #AfricanPower #renewableenergy Download it here: https://t.co/JgKKZnw2Zs pic.twitter.com/Pq5HB7Ce1p
— Hogan Lovells (@HoganLovells) June 20, 2018
African energy market
“It is important to understand the unique challenges facing the African energy market, challenges like the physical geography of the continent and the rapid pace of change in its urban landscape," said co-author Sohail Barkatali. Read more: Supporting renewable projects in emerging markets is key, says new study
"But it is also important to understand that this is a unique time for opportunity in African energy – creative financing, technological advances, and scalability in renewable energy sources are creating opportunity the likes of which we have never seen before. It’s an exciting time to be involved in the African energy market,” Barkatali added.
Africa has vast potential to tap into its natural abundance of hydro, solar, wind, and geothermal energy sources, while the technological and financial hurdles to achieve major energy breakthroughs are increasingly surmountable.
The report is the first in a planned series of “African Power” thought leadership reports, in which the law firm intend to tap into its African and global resources to examine the barriers to power development across the continent.
To download a copy of the full report, follow this link.