An expansion in electricity production across sub-Saharan Africa will require $350 billion of investment if it’s to reach all citizens, with off-grid generation accounting for a fifth of the total, according to consultant Wood Mackenzie Ltd. The number of people in the region with access to electricity has grown dramatically over the past decade, but about 600 million remain without power.
is a case in point as it struggles to meet demand with an aging fleet of coal-fired stations. Mining companies and other businesses are establishing their own sources of generation for more reliable electricity. Cleaner, modular power systems will help displace diesel-fired backup generators in many countries, WoodMac said. And as costs for solar and battery storage decline, utilities’ traditional tariffs will lose their competitive edge.
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