The African energy context
Inadequate energy access is a major obstacle to Africa’s development. Following the current trajectory, in 2030 over 600 million people in Africa will be living without access to electricity, equivalent to 36% of the population. Bridging this energy access gap will require upward of 300 GW of renewable capacity.
Most of this investment must come from the private sector, as public financing is not expected to exceed its current level of 15% (IRENA). However mobilizing private capital is hampered by a multitude of challenges.
renewAfrica seeks to advance European commitment to Africa's clean energy access
Build a comprehensive EU Programme to support investment in Africa's renewable energy
Who we are
renewAfrica is backed by 24 European industry players dedicated to advancing the European commitment to developing Africa’s renewable energy. Our members come from the worlds of finance, manufacturing, think tanks, consulting, Independent Power Producers, and industry associations.
This diversity of views is renewAfrica’s key asset: it helps tap into best practices to build a new, comprehensive and impactful Programme.
COMPOSITION OF RENEWAFRICA SIGNATORIES