Africa Energy Transition - Analysis of Sectors and Companies Driving Development

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Mar 01, 2024, 11:15 ET

DUBLIN, March 1, 2024 /PRNewswire/ -- The "Africa Energy Transition - Sectors and Companies Driving Development" report has been added to ResearchAndMarkets.com's offering.

Africa's power market still relies on a combination of thermal power and large-scale hydropower projects to cater to most of its demand. However, the region's energy transition is gaining pace as countries increasingly capitalize on the falling cost of producing renewable energy. Meanwhile, increasing policy support is causing hydrogen, CCUS and electric vehicles to gain traction.

Africa's power market still relies on a combination of thermal power and large-scale hydropower projects to cater to most of its demand. However, the region's energy transition is gaining pace as countries increasingly capitalize on the falling cost of producing renewable energy and the region's rich renewable resources. Onshore wind and solar PV are expected to experience a strong growth in capacity in the run up to 2035, experiencing a CAGR of 8% and 8.3%, respectively.

The active and pipeline capacity of Africa's hydrogen market is also expected to exceed 21 mtpa by 2030. However, electric vehicles will continue to struggle for traction within Africa's light vehicle market, with low rates of ownership and the tendency to import used internal combustion engine vehicles compounding issues of affordability and reliable charging infrastructure for many consumers. Meanwhile, there has been a significant uptick in activity related to carbon capture, storage and utilization technology, with 6 projects scheduled to come online before 2030, the majority of which will be commercial projects.

Key Highlights

Many countries in Africa are working to bring grid access to all segments of the population, with transmission investment reaching $7.2 billion for the region in 2023. This, coupled with a fast-growing population, means that total generation is expected to increase by 47% between 2023-2035.
Morocco, South Africa and Tanzania will experience some of the strongest growth in renewable generation between 2022 and 2035, chiefly due to the build out of large scale solar PV and wind projects.
28 countries in Africa now have emissions standards for used vehicles. It is likely that the environmental credential of used vehicles will come under closer scrutiny in years to come.
Despite having no active capacity, the region has 3.8 mtpa of pipeline CCUS capacity. However, the region will for now remain a minority player in the global CCUS market, with current global active CCUS capacity standing at 51 mtpa.
This growth trend will also be reflected in Africa's hydrogen market, where active and pipeline capacity is forecast to exceed 21 mtpa in 2030, which represents a CAGR of 139% across the same period.

Report Scope

Regional Energy Transition in Africa
Policies supporting energy transition
Power renewable capacity and generation by 2035 and thermal decommissioning capacity
Active and upcoming CCUS projects
Hydrogen market analysis

Key Topics Covered:

Executive Summary
Sector Readiness and Leaders
Global Context
Impact of Climate Change on Africa
Population Driving Energy Demand
Renewable Energy: Policies & Economics
Power Capacity Outlook Share
Share of Power & Renewable Generation
Largest Economies - Renewable Share
Thermal Power Decommissioning & Emissions
Major players: Solar Vs Wind Owners, Manufactures and EPCs
Electric Light Vehicle Production Outlook
Policies
CCS/CCU Projects
Global Hydrogen Market Outlook
Key players in Africa's hydrogen market
Africa's largest upcoming hydrogen projects
Hydrogen Policies and initiatives

Company Coverage

ACME Cleantech Solutions Pvt Ltd
Egyptian Electricity Transmission Co
New and Renewable Energy Authority
BP Plc
British International Investment plc
Norfund
CWP Global
Jearrard Energy Resources Ltd
Conjuncta GmbH
Infinity Energy SAE
Mubadala Investment Co
Chariot Oil and Gas Ltd
Eren Groupe SA
TotalEnergies SA
Falcon Capital
Hydrogene de France
Itochu Corp
Sasol Ltd
Xlinks Ltd
TuNur Ltd
Energias de Portugal SA
Abu Dhabi Power Corp
Engie SA
Al Nowais Investments LLC
Egyptian Electricity Holding Co
Acwa Power Co
Aker ASA
Electricite de France SA
Hassan Allam Utilities
Ethiopian Electric Power Corp
Shapoorji Pallonji & Co Pvt Ltd
China Energy Engineering Group Co Ltd
Power Construction Corporation of China
Urban Green Technologies LLC
Scatec ASA
TSK Group
East China Survey and Design Institute Co Ltd
China Energy Construction International Corp Ltd
SENER Grupo de Ingenieria SA
Energy China International Group
JinkoSolar Holding Co Ltd
JA Solar Technology Co Ltd
Siemens Energy AG
Canadian Solar Inc
LONGi Green Energy Technology Co Ltd
Yingli Green Energy Holding Co Ltd
Hanwha Corp
BYD Co Ltd
Sustainable Equities Group
Enel SpA
Siemens AG
Vestas Wind Systems AS
Nordex SE
Envision Energy Ltd
Terra Global Energy Developers
ORIX Corp
Longyuan Engineering South Africa (Pty) Ltd
Goldwind Science & Technology Co Ltd
General Electric Co
Enercon GmbH
Guodian United Power Technology Co Ltd
Suzlon Energy Ltd
Sany Group Co Ltd
Equinor ASA
Sonatrach SpA
Egyptian Petroleum Corp
Eni SpA
Energean Plc
National Oil Corp
Empresa Nacional de Hidrocarbonetos EP
TCRK Ltd

For more information about this report visit https://www.researchandmarkets.com/r/sbacoo

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