Case Study: Bridging the energy access gap: Renewable energy investment in Africa

600 mn

Number of Africans without access to electricity

10GW

Amount of renewable energy facilities to be developed by Masdar in Africa by 2030

US$190 bn

Amount of investment needed in Africa annually from 2026 to 2030 to meet climate objectives

10TW

Amount of solar potential in Africa

cs20

Case study summary

The disparity between energy access in the Global North and South is glaringly evident, with Africa exemplifying this imbalance. In 2022, 600 million Africans lacked access to electricity, with a staggering 98% of this number living in Sub-Saharan Africa1. Although Africa comprises 18% of the global population, it consumes less than 6% of the world’s energy, much of which is diverted to export-driven oil and gas production.

To address the continent’s urgent need for clean and secure energy, Africa requires substantial investments to drive economic growth and ensure sustainability. UAE-based renewable energy company Masdar is stepping in to help bridge this investment gap through a range of initiatives and investments. The goal is to empower African nations to unlock their full potential, secure a reliable energy supply, and improve millions of lives in an environmentally sustainable way.

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