Africa’s population is rapidly expanding and the continent is undergoing the largest urbanisation process the world has ever seen. Yet over 600 million of its people, or 48% of the population, do not have access to electricity. The growing energy demand could be met by tapping into the continent’s immense renewable energy potential, but attracting investments is a challenge: only 2% of the world’s existing renewables capacity is in Africa.
RES4Africa Foundation works on tackling this challenge. It promotes the deployment of large-scale and decentralised renewables in Africa by aiming to create an enabling investment environment. The Foundation gathers a network of private-sector stakeholders from across the European clean energy value chain who are partnering to step up investments.
PwC is one of the founding members of RES4Africa and acts as the Foundation’s knowledge partner. Born in 2012 out of a partnership with Enel Green Power, Siemens Gamesa, Intesa Sanpaolo and Terna, today it has grown to a network of over 30 major industrial stakeholders.
Existing support instruments for renewables in Africa do not provide the full assistance needed. With renewAfrica, we propose the features of a new European programme based on the logic of de-risking. Read report
Morocco and the EU made policy commitments to trade electricity via green corporate PPAs, but a range of barriers are hampering their uptake. In this study we analyse what are those barriers and present a set of policy recommendations for removing them.
A range of risks are standing in the way of greater renewables investments in the Med. In this survey, we ask investors about their perception of risks, and propose actions for how to mitigate them. Read report
Partner | Energy, Utilities and Resources Leader, PwC Italy
Partner | Energy Utilities & Resources, PwC Italy
Director, PwC Italy