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The higher cost of capital for renewable energy projects in Africa presents a huge barrier. [iStockphoto]
Africa could potentially generate more than enough electricity to power its entire demand 250 times over from wind energy alone. Yet, more than half of the population lack access to electricity; and those connected endure frequent power cuts as a result of undersupply and underdeveloped grid networks.
Besides its abundance and sustainability, wind resources could offer households and businesses much affordable power, boost new connections and significantly help address energy poverty. A new, bolder approach is needed to propel wind power development both as an answer to energy supply gaps and as a tool for fighting climate change.
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