Financial faith in Africa’s future - News for the Oil and Gas Sector

Africa will not increase electricity access and limit carbon emissions, a new study has reported, undermining hopes for a potential “leapfrog” effect.

A University of Oxford study has projected that, in 2030, power supply will have increased by 269 GW, double 2019’s capacity. Bringing power to more people in the continent will be primarily driven by fossil fuel projects.

Renewable energy projects, excluding hydropower, will account for 17.4% of installed capacity and 9.6% of generation. Fossil fuel projects will account for 62% of the total and half of all newly commissioned…

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