South Africa continues to lead Africa’s renewable-energy transition, offering a growing range of investable opportunities in wind, solar, biofuels and green hydrogen, according to the latest Forvis Mazars ‘Powering Africa’s Future Energy’ report. The report highlights that South Africa generated more than 50 TWh from renewable sources in 2024, including hydroelectric at 10.1 TWh, solar at 8 TWh, wind at 9 TWh and other renewables rounding out the remaining 27.1 TWh, positioning the country as the continent’s top producer.
Eskom has offered assurances that the power system is more stable and predictable than it has been for the past five years in light of a strong recovery in the energy availability factor, a decline in unplanned breakdowns, more predictable planned maintenance and the return or introduction to service of some 4 400 MW of capacity when compared with the previous year. The improvements, CEO Dan Marokane says, have had positive economic spinoffs in the form of improved investor confidence, and have also contributed to South Africa’s first credit rating upgrade in two decades.
Egypt has signed renewable energy deals worth a combined $1.8-billion, state TV reported on Sunday. Among the deals were contracts with Norwegian renewable energy developer Scatec and China’s Sungrow.