JCRA, in collaboration with the Centre for Economic and Business Research (Cebr), is launching a series of whitepapers focused on infrastructure in its various forms throughout sub-Saharan Africa.
The first paper in the series shines a spotlight on South Africa and its efforts to significantly boost energy infrastructure and power production through its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
The programme has been successful in drawing investment into the sector, having attracted R193bn ($13.7bn) of private money so far. South Africa plans to install 3.7GW of renewable energy by 2020, including 1.8GW of wind power under the REIPPPP, and it is already over halfway there.
In terms of electricity supply, all the African economies rate some distance below those in the rest of the world. However, this sharp shift to renewables from traditional power generation methods means that investment opportunities in the sector are attractive despite some risks to the economic outlook.