{"id":51727,"date":"2023-09-06T11:34:29","date_gmt":"2023-09-06T11:34:29","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/africa-must-optimise-all-it-has-to-achieve-universal-energy-access-says-african-development-bank-head"},"modified":"2023-09-06T12:01:54","modified_gmt":"2023-09-06T12:01:54","slug":"africa-must-optimise-all-it-has-to-achieve-universal-energy-access-says-african-development-bank-head","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/africa-must-optimise-all-it-has-to-achieve-universal-energy-access-says-african-development-bank-head","title":{"rendered":"Africa must optimise all it has to achieve universal energy access, says African Development Bank head"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>African Development Bank President Akinwumi Adesina has called for investments in renewable energy in Africa, pointing out the continent\u2019s rich energy mix.<\/p>\n

In his keynote address (on September 4th) during a session on \u2018Harnessing Africa\u2019s renewable energy potential\u2019, held at the ongoing Africa Climate Summit, President Adesina stressed: \u201cEvery economy can only go as far as the energy it produces.\u201d<\/p>\n

Adesina underlined Africa\u2019s tremendous potential in energy\u2014from hydro and wind power, solar, to geothermal\u2014which remains untapped, in the face of a staggering electricity deficit on the continent. Africa has an almost unlimited potential of solar capacity (11 TW); abundant hydro (350 GW), out of which only 5-6% is being harvested; wind (110 GW), of which only two percent is being used; and geothermal energy sources (15 GW), he said.<\/p>\n

In spite of this, 600 million people on the continent are living without access to electricity. Furthermore, a lack of clean energy has seen about 300,000 women dying every year trying to cook a meal. \u201cThis is not acceptable. We must make sure we achieve universal energy access, optimising and maximising the potential that Africa has, including natural gas, which is a great part of the energy mix,\u201d he said.<\/p>\n

He added: \u201cWe have to make sure we combine renewable energy sources and give Africa energy security, energy stability, affordability of energy and independence into the energy sector, to be able to power its economy.\u201d<\/p>\n

The Bank chief affirmed the importance of accelerating private sector investments in renewable energy but said this would require political support which would result in better policies and better incentives to attract private sector financing.<\/p>\n

Similar sentiments were expressed by Mauritanian Abdeslam Saleh, Minister of Economic and Sustainable Development, who highlighted that political goodwill had resulted in the country mainstreaming energy in its key plans to accelerate access. \u201cWe are moving ahead; we have put renewable energy at the centre of our Vision 2030-2040 development plan. With this, we envision a bright future for Africa,\u201d he said.<\/p>\n

Mauritania is a key leader of the Desert to Power initiative, which aims at maximizing the vast solar power potential across the Sahel region, comprising Burkina Faso, Cameroon, Chad, The Gambia, Guinea Mauritania, Mali, Niger, Nigeria and Senegal. The Bank-led project seeks to transform the Sahel into the world\u2019s largest solar production zone.<\/p>\n

Malawi\u2019s energy minister, Ibrahim Matola noted that renewable energy potential offered Africa the opportunity to innovate and deliver energy access to its people. \u201cRenewable energy is the only way to go; but we need innovative measures for storage to address transmission and distribution losses,\u201d he said. Reports indicate that electricity losses in Africa during distribution and transmission amount to $5 billion annually.<\/p>\n

\u201cIf countries are to go for renewal energy in large scale, they need large scale storage. This will contribute to addressing energy poverty\u201d, noted Simon Harford, Chief Executive Officer of Global Energy Alliance for People and Planet (GEAPP). He reiterated his organisation\u2019s commitment to support African governments as they embed renewable energy at the core of their development endeavours.<\/p>\n

The high-level panel was moderated by African Development Bank Vice President for Power, Energy, Climate and Green Growth Dr Kevin Kariuki. The Bank is participating in the climate talks, happening in Nairobi, Kenya. They will close on September 8, 2023.<\/p>\n

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

Africa-Press – Rwanda. African Development Bank President Akinwumi Adesina has called for investments in renewable energy in Africa, pointing out the continent\u2019s rich energy mix. In his keynote address (on September 4th) during a session on \u2018Harnessing Africa\u2019s renewable energy potential\u2019, held at the ongoing Africa Climate Summit, President Adesina stressed: \u201cEvery economy can only […]<\/p>\n","protected":false},"author":84,"featured_media":51726,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-51727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nAfrica must optimise all it has to achieve universal energy access, says African Development Bank head - Rwanda<\/title>\n<meta name=\"description\" content=\"African Development Bank President Akinwumi Adesina has called for investments in renewable energy in Africa, pointing o ...\" \/>\n<meta name=\"robots\" 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