Report: Africa’s 10 Most Attractive Solar Power Markets

Report: Africa’s 10 Most Attractive Solar Power Markets

Out of the 54 countries in Africa, three have existing installed solar power capacity, which combined, represents 0.07 percent of solar power capacity installed worldwide, according to a report in DigitalJournal.

The top three markets for solar power in Africa based on installed solar capacity are South Africa, Senegal and Eritrea.

Looking beyond pure installed capacity though, the top 10 most-attractive solar markets in Africa are South Africa, Ethiopia, Sierra Leone, Morocco, Sudan, Egypt, Mozambique, Eritrea, Kenya and Zambia, according to the report.

“Solar Power Opportunities – Africa,” a new report by MarketReportsOnline.com, assesses investment opportunities from both a solar market and a business environment perspective, according to DigitalJournal.

The report provides a comparative framework for analyzing the potential and relative attractiveness of national-level solar markets in Africa and for assessing macro conditions, access to market, national energy policy, growth potential of renewable energy and infrastructure considerations, the report says.

The report, available at marketreportsonline.com, isn’t free, or cheap. It requires a license costing at least $1,140, according to the website.

The report ranked countries based on market attractiveness indices that range for the 10  African countries from 57 to 88 with a median of 67 (where 0 is least attractive and 100 is most attractive).

Most attractive indices were calculated using analysis employing more than 100 variables reviewing the state of the local power market and macro and micro business operating conditions. Countries were ranked comparative to all others worldwide.

At the regional level, Africa had a median market attractiveness index of 39 out of 100, compared to the leading region, Europe, with a median index of 83. This ranked Africa in sixth place among seven world regions (Africa, Americas, Asia, Eurasia, Europe, Middle East, Oceania). The range of indices for all countries in Africa was zero to 88. World indices range from zero to 100.