Report
The future of energy in Africa
- Global
- Investment Support
The future of energy in Africa
Africa’s energy sector is showing the first signs of a shift towards a more diverse and dynamic landscape. Lower oil prices have demanded that companies, and countries, guard themselves against fluctuations in the future. For some, this means increasing the energy mix. A low carbon agenda will also usher momentum for greener sources of energy. Energy companies are also changing tact with independent power producers designing innovative, resilient models that are diluting the once unchallenged hegemonies of giant state utilities in burgeoning and established hydrocarbon countries.
In the coming decades, we predict that Africa will experience huge increases in energy demand. This will largely be supported by resources such as gas and renewables. Control Risks expects a continent of interconnected networks, increasingly competitive regional markets, and diversified energy sources in the next two decades. For investors, the opportunities will no longer be concentrated in a small selection of public tenders issued by a handful of energy hubs but spread across countries and technologies. This transformation will be driven by four key trends.