{"id":28383,"date":"2023-04-13T10:03:50","date_gmt":"2023-04-13T10:03:50","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research"},"modified":"2023-04-13T10:34:20","modified_gmt":"2023-04-13T10:34:20","slug":"africa-renewable-energy-investment-at-11-year-low-says-research","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research","title":{"rendered":"Africa renewable energy investment at 11-year low, says research"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span><\/a>Investment in renewable energy in Africa fell to its lowest level in more than decade last year despite the continent’s huge potential.<\/p>\n

Only $2.6 billion of capital was rolled out for new wind, solar, geothermal and other renewable power-generating projects in 2021, the lowest level of funding in 11 years, research group BloombergNEF (BNEF) said.<\/p>\n

This amounted to 0.6 percent of the $434 billion invested in renewables across the world, said the report, released at the United Nations meeting in the Egyptian seaside resort of Sharm el-Sheikh.<\/p>\n

Renewable energy investments rose nine percent worldwide between 2020 and 2021 to reach a record high, but they fell 35 percent in Africa, it said. This occurred \u201cdespite Africa\u2019s outstanding natural resources, rapidly growing electricity demand and improving policy frameworks,\u201d the report said.<\/p>\n

\u201cClean energy investment in Africa is at an alarming low level,\u201d Michael Bloomberg, the billionaire philanthropist and former New York mayor, said in a statement.<\/p>\n

\u201cChanging that requires new levels of collaboration to identify viable clean energy projects and bring more private financing and public support to them,\u201d said Bloomberg, who is also the UN chief\u2019s special envoy on Climate Ambition and Solutions.<\/p>\n

Africa has huge potential for solar power but it only represents 1.3 percent of global capacity. Investment is also largely concentrated in a few countries, including Egypt, Kenya, Morocco and South Africa, which together account for three quarters of the total.<\/p>\n

\u201cThe ingredients are there for Africa to be a major market for clean energy growth, including outstanding natural resources and massive demand,\u201d said Luiza Demoro, head of energy transition research at BNEF.<\/p>\n

\u201cBut incomplete policy regimes and reluctant investors continue to keep investment levels below where they could and really should be.\u201d<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Investment in renewable energy in Africa fell to its lowest level in more than decade last year despite the continent’s huge potential. Only $2.6 billion of capital was rolled out for new wind, solar, geothermal and other renewable power-generating projects in 2021, the lowest level of funding in 11 years, research group […]<\/p>\n","protected":false},"author":84,"featured_media":28382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[242,233,245,241],"class_list":["post-28383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa","tag-africa-press","tag-africa-press-mauritius","tag-mauritius"],"yoast_head":"\nAfrica renewable energy investment at 11-year low, says research - Mauritius<\/title>\n<meta name=\"description\" content=\"Investment in renewable energy in Africa fell to its lowest level in more than decade last y ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa renewable energy investment at 11-year low, says research\" \/>\n<meta property=\"og:description\" content=\"Investment in renewable energy in Africa fell to its lowest level in more than decade last y ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-13T10:03:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-13T10:34:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/04\/postQueueImg_1681364225.67.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"586\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa renewable energy investment at 11-year low, says research\",\"datePublished\":\"2023-04-13T10:03:50+00:00\",\"dateModified\":\"2023-04-13T10:34:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\"},\"wordCount\":301,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/04\/postQueueImg_1681364225.67.jpg\",\"keywords\":[\"Africa\",\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-renewable-energy-investment-at-11-year-low-says-research\",\"name\":\"Africa renewable energy investment at 11-year low, says research - 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