From Guest Blogger Joshua Okomo: Top Challenges to Develop Green Energy in Africa
Africa faces the greater challenge of energy access, energy availability and energy affordability than all the rest of the world. Assessment undertaken in 2008, Africa was the lowest per capita energy consumer averaging 0.66 tons of oil equivalents (TOE) compared to the global average of 1.8 TOE. The greater challenge to energy development especially renewable energy is weak or lack of policy and effective renewable energy development institutions, low technology acquisition, low investment and inadequate financing. Government policy and unfavorable political good will rank higher as factors.
Successful development of renewable energy requires strong political will, government regulatory and fiscal muscle, incentives for private sector, innovative financing, considering the opportunity in clean development mechanism and technical capacity building. Policy makers in African governments have not given adequate attention to the potential of meeting renewable energy challenges of Africa. The continent is endowed with vast renewable energy resources, the continent has 1,750 TWh potential for hydropower and 14,000 MW potential geothermal, and potential for solar throughout the year. Wind power potential is also abundant.