Africa Energy Transition Market Trends and Analysis by Sectors and Companies Driving Development

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Africa Energy Transition Market Report Overview

Africa is set to experience significant social, economic, and environmental changes that will heavily influence the region’s energy demand in the coming years. The power market in Africa still heavily relies on a combination of thermal power and large-scale hydropower projects to meet its power demand. However, the region’s energy transition is gaining pace as countries increasingly capitalize on the falling cost of producing renewable energy and the region’s rich renewable resources, which is facilitating other technologies such as green hydrogen.

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The Africa energy transition market research report analyzes the region’s energy transition to renewable energy sources from a fossil fuel-dominated market into a sustainable energy-producing region.

Key Sectors ·       Renewable Energy

·       Electric Vehicles

·       CCS/CCU

·       Hydrogen

Key Players (Solar) ·       Jearrard Energy Resources Group

·       CWP Global

·       Xlinks Ltd.

·       Hydrogene de France SA

·       TuNur Ltd.

Key Players (Wind) ·       Acwa Power Co

·       Egyptian Electricity Holding Co

·       Abu Dhabi Power Corp

·       Xlinks Ltd

·       Infinity Energy SAE

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Africa Energy Transition Market Segmentation by Sectors

Renewable Energy: While Africa’s overall power generation is currently dominated by thermal power plants, a moderate increase in renewable power generation is expected by 2030. For instance, Zambia, the DRC, and Uganda obtain at least 90% of their power from hydro. As a result, hydropower will remain the dominant renewable technology through 2034.

Many African countries are working to bring grid access to all segments of the population. A few African countries have also started setting renewable energy targets as prices begin to compete with fossil fuels.

Additionally, large buildouts of renewable energy capacity in the region will result in a steep increase in renewable generation. For instance, Morocco, South Africa, and Tanzania will experience some of the strongest growth in renewable generation between 2022 and 2035, primarily due to the build-out of large-scale solar PV and wind projects.

Electric Vehicles: Africa contributes to a very low proportion of global sales of light vehicles owing to low vehicle ownership and dispensable income in some countries within the region. Moreover, convenient, and reliable access to electricity for charging represents a major barrier to EV adoption in the region. Despite the barriers to adopting light EVs, electric micro-mobility and public transport solutions are an important opportunity within the region.

CCS/CCUS: CCS / CCU remains a nascent technology within Africa. The emerging nature of this technology and high upfront investment act as a barrier to this technology’s traction across the region. However, there has been a significant uptick in activity related to carbon capture, storage, and utilization technology, with 6 projects scheduled to come online before 2030, the majority of which will be commercial projects.

Hydrogen: Africa has gained attention as a potential powerhouse for green hydrogen production due to abundant renewable resources and proximity to the European market which is experiencing a rapid growth in demand. Mauritania, Egypt, Morocco, and Algeria have a large pipeline of green hydrogen projects.

Africa Energy Transition Sector Grid and Leaders
Africa Energy Transition Sector Grid and Leaders
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Segments Covered in the Report

Africa Energy Transition Market Power Types Outlook (2020-2035)

  • Renewable Energy
  • Electric Vehicles
  • CCS/ CCU
  • Hydrogen


The report provides:

  • Regional Energy Transition in Africa
  • Policies supporting energy transition
  • Power renewable capacity and generation by 2035 and thermal decommissioning capacity
  • Electric vehicles market and growth
  • Renewable refineries in the EU
  • Active and upcoming CCUS projects
  • Hydrogen market analysis

Reasons to Buy

  • Identify the latest trends, policies, and leaders in energy transition technologies.
  • Develop market insight of current, in development, and announced capacity and latest trends of each of the sectors.
  • Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, and EVs.
  • Facilitate the understanding of where the market is growing as it is positioned as one of the main topics of the international agenda.

ACME Cleantech Solutions Pvt Ltd
Egyptian Electricity Transmission Co
New and Renewable Energy Authority
BP Plc
British International Investment plc
CWP Global
Jearrard Energy Resources Ltd
Conjuncta GmbH
Infinity Energy SAE
Mubadala Investment Co
Chariot Oil and Gas Ltd
Eren Groupe SA
TotalEnergies SA
Falcon Capital
Hydrogene de France
Itochu Corp
Sasol Ltd
Xlinks Ltd
TuNur Ltd
Energias de Portugal SA
Abu Dhabi Power Corp
Engie SA
Al Nowais Investments LLC
Egyptian Electricity Holding Co
Acwa Power Co
Aker ASA
Electricite de France SA
Hassan Allam Utilities
Ethiopian Electric Power Corp
Shapoorji Pallonji & Co Pvt Ltd
China Energy Engineering Group Co Ltd
Power Construction Corporation of China
Urban Green Technologies LLC
Scatec ASA
TSK Group
East China Survey and Design Institute Co Ltd
China Energy Construction International Corp Ltd
SENER Grupo de Ingenieria SA
Energy China International Group
JinkoSolar Holding Co Ltd
JA Solar Technology Co Ltd
Siemens Energy AG
Canadian Solar Inc
LONGi Green Energy Technology Co Ltd
Yingli Green Energy Holding Co Ltd
Hanwha Corp
BYD Co Ltd
Sustainable Equities Group
Enel SpA
Siemens AG
Vestas Wind Systems AS
Nordex SE
Envision Energy Ltd
Terra Global Energy Developers
Longyuan Engineering South Africa (Pty) Ltd
Goldwind Science & Technology Co Ltd
General Electric Co
Enercon GmbH
Guodian United Power Technology Co Ltd
Suzlon Energy Ltd
Sany Group Co Ltd
Equinor ASA
Sonatrach SpA
Egyptian Petroleum Corp
Eni SpA
Energean Plc
National Oil Corp
Empresa Nacional de Hidrocarbonetos EP

Table of Contents

  • 1. Executive Summary
  • 2. Sector Readiness and Leaders
  • 3. Power Outlook & Generation
  • 4. Global Context

    • 4.1. Impact of Climate Change on Africa
    • 4.2. Population Driving Energy Demand

  • 5. Power Outlook & Generation

    • 5.1. Renewable Energy: Policies & Economics
    • 5.2. Power Capacity Outlook Share
    • 5.3. Share of Power & Renewable Generation
    • 5.4. Largest Economies – Renewable Share
    • 5.5. Thermal Power Decommissioning & Emissions
    • 5.6. Major players: Solar and Wind Owners, Manufacturers, and EPCs

  • 6. Electric Vehicles

    • 6.1. Electric Light Vehicle Production Outlook
    • 6.2. Policies

  • 7. CCS/CCU

    • 7.1. CCS/CCU Projects

  • 8. Hydrogen

    • 8.1. Global Hydrogen Market Outlook
    • 8.2. Key players in Africa’s hydrogen market
    • 8.3. Africa’s largest upcoming hydrogen projects
    • 8.4. Policies and initiatives


Sector readiness and leaders

Renewable energy policies and strategies

Leading solar EPCs and manufacturers

Leading wind EPCs and manufacturers

EV Policies

CCUS Projects

Largest upcoming hydrogen plants in Africa


Percentage change in GDP per capita growth with two degrees of warming scenario

Africa LCOE, 2010 – 2025

Africa power capacity share, 2015 – 2035

Power generation share, 2015 – 2035

Renewable generation by type, 2015 – 2035

Renewable share for the top 10 African countries (including large hydropower), 2022 – 2035

Decommissioning and upcoming thermal capacity, 2024 – 2035

Africa’s emissions from thermal power, 2018 – 2030

Solar plant owners by capacity as of January 2024

Wind plant owners by capacity as of January 2024

Global EV production outlook, 2018 – 2035

Africa’s hydrogen projects by development stage, 2024 – 2030

Breakdown of Africa’s 2030 hydrogen capacity by type

Africa’s low carbon hydrogen capacity scenarios, 2024 – 2030

Top 10 countries in Africa by hydrogen production capacity, 2024 – 2030

Sectors by capacity and number of plants

Hydrogen partnerships and initiatives

Frequently asked questions

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