Featured in Further upstream – 10-2024

Africa’s ambition

With PV component prices still unsustainably low, many are waiting for the demand promised by 2030 solar installation targets to materialize. While modest growth in global installations is forecast for 2024 and 2025, there are few signs this will match supply. Many of the 54 countries of Africa are ripe with unrealized PV potential. […]

By

Mark Hutchins

05 Nov 2024

Mark Hutchins, center, at the head of the table, with Informa Markets Senior Group Director Rajneesh Khattar, left, and Alex Whitworth, right, vice president of power and renewables research at Wood Mackenzie, at the CTO [chief technical officer] Conclave held during REI. | Photo: Wood Mackenzie

With PV component prices still unsustainably low, many are waiting for the demand promised by 2030 solar installation targets to materialize. While modest growth in global installations is forecast for 2024 and 2025, there are few signs this will match supply.Many of the 54 countries of Africa are ripe with unrealized PV potential. Figures suggest …

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