Why Africa?

• Africa need more basic electricity infrastructure to support a growing middle class and economy.

• Funding dried up for build up of traditional coal and oil power plants.

• Large underserved population with unstable currency.

• ESG compliance imposes high demands on African countries, especially raw material export countries.

• Governments need help to continue to develop socially and economically and are more open to innovative approaches.

Key Challenges:

1. Petrol Consumption:

   • 75% of Africa's petrol is used for commercial and passenger transportation.

   • Land transportation accounts for 71% of total petrol consumption.

   • This results in significant pollution, which can be alleviated by electrifying vehicles.

2. Energy Access:

   • 43% of Africa’s population (approximately 1.5 billion people) lacks access to electricity, making it a critical challenge for economic and social development.

   • Africa’s unreliable power system causes an estimated $100 billion in annual losses, underscoring the need for stable and clean power solutions.

     
     

Opportunities:

1. Green Electricity Market:

   • The green electricity market in Africa holds a potential value of $50–100 trillion.

   • Electricity costs are currently at $0.31 per kWh, leaving room for cost reductions through renewable energy adoption.

   • Green electricity currently accounts for only 24% (218 TWh) of the total electricity generation (890 TWh), highlighting significant room for growth.

2. Transportation Electrification:

   • Public transportation makes up 60% of transport options, with buses (40%) and minibuses (20%) being dominant.

   • Transitioning these to electric fleets could alleviate 80% of pollution caused by traditional petrol-based vehicles.

     
     

Strategic Vision:

• Electrification of Transportation: Electrifying Africa’s transportation systems—especially public buses and minibuses—offers a significant opportunity to reduce emissions and improve urban mobility.

• Renewable Energy Expansion: Expanding green electricity generation can reduce the dependency on fossil fuels, enhance grid stability, and increase energy access for underserved communities.

• Economic Impact: Transitioning to renewable energy and electric vehicles could unlock a massive economic opportunity, reducing losses from unreliable power and decreasing operational costs for transportation.