This week, the African Utility Week expo opened its doors for stakeholders in the utilities space.
The conference runs from 15 through to 17 May at the Cape Town International Convention Center in South Africa.
Opening the expo were Marcus Cornaro, EU ambassador to South Africa, Jabu Mabuza, chairman of South Africa’s state-owned utility Eskom, SA’s energy minister Jeff Radebe, and managing director at Spintelligent David Ashdown.
Here are some of the key takeaways from the opening ceremony:
- EU and Africa to expand joint research and development of water efficiency and solar technologies under the EU Horizon 2020 programme.
- Africa requires more than $500 billion to develop infrastructure to meet growing water and energy demands.
- More inclusion of the private sector is key to improving energy access in Africa
- Less than 3 countries in Africa develop energy capacity above 5000MW
- Despite massive resources, Africa’s energy sector remains slow
- Increase in energy investments will reduce migration out of Africa
- 75% of the continent’s population will relocate to urban areas by 2030
- India’s renewable energy capacity reached 344MW in 2016. 44% of the capacity was generated using funding from the private sector. Efforts to add 175MW of clean capacity in the next two years is underway.