Currently, over 600 million people on the continent have no access to energy. What’s more, the continent’s energy generation capacity is a mere 28 Gigawatts, equivalent to that of Argentina.
Nevertheless, Sub-Saharan Africa harbours incredible renewable energy resources. The continent has the potential to source an additional 10 terawatts of solar energy, 1,300 gigawatts of wind power, and 1gigawatts of geothermal potential. Accelerating investment in renewable energy can help Africa achieve much-needed structural economic transformation, as well as protect its natural assets.
On Wednesday 25th October, the PEI will hold an African Breakfast Club meeting entitled ‘Financing Renewable Energy in Africa: Challenges and Opportunities’, which will feature a presentation from Yvonne Ike, Managing Director, Sub-Saharan Africa (Ex-RSA), Bank of America Merrill Lynch. The PEI and its partners will explore how to accelerate investment in Africa’s amazing renewable energy resources, as well as the associated benefits and problems.
This event is invitation only.