PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1741572
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1741572
Our "Africa solar PV outlook 2025" is a 40+ slide in-depth report which covers the key market drivers and challenges for utility-scale, C&I and residential solar development in the fastest-growing region globally. Hitting 163 GWdc by 2034, solar PV cumulative capacity in Africa is set to rise eightfold over the next 10 years. Driven by the accelerated adoption of rooftop systems and strong private market demand, South Africa will remain the largest PV market in the region through 2034. Egypt and Algeria will collectively install 33 GWdc over the outlook, in chase of strict 2030 renewable targets. Additionally, green hydrogen opportunities are on the rise and will drive additional market growth as plans start to materialise later in the 2020s.