Africa's geothermal potential bubbles over
Africa's geothermal potential bubbles over
Africa’s geothermal capacity is set to more than double in the next seven years, allowing the continent’s geothermal industry to overtake Europe’s, according to consulting firm Rystad Energy.?The firm expects geothermal power capacity to reach 13 GW in Africa by 2050, up from only around 1 GW today.?
The Rift Valley region of East Africa has by far the most favourable conditions for geothermal energy generation on the continent. Kenya is leading the way – the country is now the world’s seventh-largest geothermal producer, and is producing nearly half its total supply of electricity from geothermal.?
The world’s largest geothermal facility, Olkaria VI, is set to begin production in Kenya’s Hell’s Gate National Park as early as next year. Experts say positive industry engagement – including drilling by state entities to prove the country's reserves – has successfully de-risked investment for private developers.?
The positive results reaped by this business-friendly environment could provide a model for other countries with favourable geothermal potential, including Ethiopia, Djibouti, Tanzania and Zambia.?>> Read more
- David Thomas, Editor, African Business
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?STAR INTERVIEW
‘AI will benefit Africa more than any other continent’
Interview with: Lacina Koné, CEO, Smart Africa
Smart Africa is?a consortium of African states and organisations dedicated to the acceleration of access to ICT on the continent. Its CEO,?Lacina Koné, believes Africa can be a major player in the global digital economy. In an exclusive interview, he discusses three factors that will shape Africa’s digital future.
In partnership with?OCP Group
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