Counting down to the 9th FOCAC and the 3rd year since China and Africa’s Declarations on Combating Climate Change were agreed upon, actions to further unlock the clean energy potentials are expected.
China’s renewable energy installed capacity has reached around 35% of the world’s total in 2022. As a global leader, there is great potential to leverage its development dividends to Africa.
In September 2023, African nations committed to increasing Africa’s renewable energy capacity from 56 GW in 2022 to at least 300 GW by 2030, meaning at least a 23.3% average annual growth rate from 2023, faster than China’s speed (14.4%) in the past 10 years.
So, how could Africa meet this ambitious goal?
Our analysis explores three scenarios to estimate China’s contribution to Africa’s future renewable energy capacity increase. It shows that China could be central to achieving this goal, contributing between 75% and 82% to the overall target.
However, following historical growth trends will not suffice. A significant increase in financing and project delivery by all stakeholders, not just China, is needed to support Africa in achieving its ambitious renewable energy goals.
Check out the infographic below for more findings
A brief with detailed methodology, written analysis and graphics is also available. To access it or find out how Development Reimagined can support you, your organisation, or the Government, please email the team at clients@developmentreimagined.com
Special thanks go to Yunong Wu, and Yike Fu for their work on the graphics and for collecting/analysing the underlying data and this accompanying article.
The data was collated primarily from a range of sources, mainly including the IRENA Renewable Capacity Statistics, and the findings from Development Reimagined’s China Africa Climate Action Tracker
If you spot any gaps or have any enquiries, please send your feedback to us at media@developmentreimagined.com, and we will aim to respond ASAP.
