The January 2026 Energy Transition Insights highlights strong growth in Africa’s renewable energy market, with 47 deals recorded—up 113% year-over-year. Solar dominated project development, while financing activity tripled to $825 million, driven largely by debt from development finance institutions. Major milestones included 702 MW of new capacity commissioned, large hybrid solar-plus-storage projects advancing to construction readiness, and increased power purchase agreement (PPA) activity totaling 2.4 GW of contracted capacity. The report also highlights growing geographic diversification beyond South Africa, with increased activity across North, West, and East Africa.
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