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Future is bright for renewable energy in Africa

Africa Has Bright Renewable Energy Future – Ernst & Young Report  VENTURES AFRICA- 10 Mar 14 Africa is poised to overtake Europe as one of the key areas of growth in the production and use of renewable energy technologies, as the use of clean tech becomes more imperative to stem the tide of climate change all over the world.

Already, South Africa has been recognised as a significant hub for clean tech, having been voted for by the IHS as the best country in the world to locate clean technologies. Market experts have watched international developers and funders invest copiously in the South Africa’s renewable energy market, making it a hub for laudable renewable energy projects.

While African countries like Ethiopia and Kenya were identified as markets to watch this year alongside other emerging markets like Malaysia and Uruguay; the Ernst & Young Renewable Energy Attractiveness Index (RECAI) report noted that emerging markets are attracting about half of new investment in the sector, and investors will increasingly focus on those markets ………

Warren also stressed the need for increased investment in grid management, digitalized supply and demand management, distributed applications and the commercialization of storage technology in order to avoid transmission bottlenecks and intermittency challenges. http://www.ventures-africa.com/2014/03/africa-has-bright-renewable-energy-future-ernst-young-report/

March 11, 2014 - Posted by Christina Macpherson | general