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A report commissioned by IHS Towers has been released, which looks at the future of renewables in Africa. The report, commissioned by the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, interviewed experts across Africa to come to conclusions based on the African Union’s goal to deploy 300GW of renewable energy by 2030.
The findings were compelling, with IHS Towers noting that due to the fall in renewable energy prices, there was scope for Africa to take advantage and make big leaps. Additionally they found that the consumer market for products such as micro grids and pico-solar units was already large and still expanding.
IHS stated that despite the challenges in this market – such as artificially low tariffs and weak fiscal conditions – with long term plans it would be possible to tackle these road blocks and attract the necessary investment to the industry.