• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 22nd, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Home
Markets
Commodities

Africa primed for solar breakthrough after record capacity growth

February 26th, 2026 | 06:11 AM MARKETS Commodities 5

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Greek crews fight wildfire northwest of Athens for fourth day
Dangote refinery can be global jet fuel supplier, CEO says
Asia's imports of US crude surge, but can't offset Hormuz losses
US gasoline market set for fresh test after near-record stock draws
By Gavin Maguire

The continent of Africa looks set to emerge as a key driver of global solar power production over the rest of the 2020s thanks to a potent mix of policy support, rapid economic growth and declining component costs.

Africa installed a record 4.5 gigawatts (GW) of photovoltaic (PV) solar power capacity in 2025, according to the Global Solar Council, which marked a 54% jump from the year before.

Eight different countries added at least 100 megawatts (MW) of solar capacity last year, which was double the number of countries at that threshold in 2024 and underscores the widening appeal of solar systems across the continent.

African nations also sharply boosted their collective imports of battery energy storage systems (BESS) last year to ensure utilities, households and businesses could maximise access to solar power even after dark.

Ambitious clean energy policies from South Africa to Egypt look set to drive further widespread uptake of solar and battery systems, setting the stage for Africa to become a prominent growth arena for solar systems through 2030 and beyond.

GROWTH DRIVERS

South Africa has the largest total solar capacity footprint in Africa, likely just above 10 GW following a 1.6 GW addition to capacity in 2025.

The country's latest Integrated Resource Plan calls for around 10 GW of new solar PV capacity to be installed through 2030, as well as 8.5 GW of battery storage and around 5 GW of distributed solar.

Most of those capacity figures look to be attainable at the current installation rate, although grid bottlenecks and stunted investment in the country's over-stretched distribution networks remain key challenges for power developers.

North African nations including Egypt, Algeria, Morocco and Tunisia are among the fastest-growing markets for solar capacity outside of South Africa, and between them added an additional 1.1 GW in 2025.

Some of the world's largest utility-scale solar projects currently in development are set to be in North Africa, which boasts some of the highest solar radiation levels in the world alongside vast stretches of undeveloped land.

Egypt is North Africa's current leader in solar project development, and has around 5.5 GW of solar projects under construction and a further 13 GW in so-called pre-construction, according to Global Energy Monitor (GEM).

However, Tunisia, Libya and Mauritania have also committed to large solar development pipelines, which looks set to aid in efforts to build skilled workforces tied to clean energy development and maintenance.

Nigeria was another prominent solar developer in 2025, with a record 803 MW getting installed, while Zimbabwe, Zambia, Ghana and the Ivory Coast all have record-large solar projects currently under construction.

POLICY HELP

Several country-level initiatives tied to driving demand for renewable power are helping to further brighten the outlook for solar assets in Africa.

Nigeria - one of Africa's fastest-growing economies - has recently approved new net-metering laws that will allow households and businesses to offset power bills with output from rooftop solar installations.

In Kenya, new building codes require space for solar installations, while aluminium mounting systems for solar arrays are set to become exempt from import duties, which will sharply boost their affordability.

Ethiopia has also received funding for a major grid upgrade designed to help renewables projects, while Botswana, Tanzania and Zimbabwe have all implemented new domestic energy market rules that should boost the economic appeal of solar projects.

TRACKING POTENTIAL

Africa's increased appetite for solar components comes just as several major markets in Europe and elsewhere reach saturation point following several years of rapid expansion.

This bodes well for exporters of solar panels - mainly Chinese companies - who remain locked out of the U.S. due to an ongoing trade war and need new growth markets to sell into.

In 2025, African nations bought a record $2 billion of China-made solar modules, which marked a 36% increase from the year before, data from energy think tank Ember shows.

African nations also snapped up $2.6 billion worth of China-made battery systems, which again marked a steep year-over-year increase and helped Chinese vendors widen their service footprint across the continent.

If sales prices of both solar components and battery systems continue to fall in 2026 and beyond, African consumers will be well placed to take advantage of that greater affordability, especially in areas where tax breaks on imports and favourable pricing on renewable power is newly available.

That in turn should help Africa's solar momentum pick up further steam over the rest of the decade, and help the region establish itself as a critical energy transition driver by 2030.

The opinions expressed here are those of the author, a columnist for Reuters.

Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn and X.

And listen to the Morning Bid daily podcast on Apple, Spotify, or the Reuters app. Subscribe to hear Reuters journalists discuss the biggest news in markets and finance 7 days a week.

  • Topic
  • Africa
  • SOLAR/POWER
  • MAGUIRE (ROI, COLUMN, GRAPHICS)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Greek crews fight wildfire northwest of Athens for fourth day

Related Posts

Commodities
August 3rd, 2026

Greek crews fight wildfire northwest of Athens for fourth day

Commodities
June 2nd, 2026

Dangote refinery can be global jet fuel supplier, CEO says

Commodities
June 2nd, 2026

Asia's imports of US crude surge, but can't offset Hormuz losses

Commodities
June 1st, 2026

US gasoline market set for fresh test after near-record stock draws

Commodities
June 1st, 2026

China's crude oil imports slump, but it's economics not altruism

Commodities
May 29th, 2026

Mapping the Market: Gold approaches potential crossroads 

The Wire
Aug 21st 1 day ago
Government

Trump administration moves to end attorney group's law scho...

Aug 21st 1 day ago
Africa

First migrants buried in Spain's Ceuta after deadly border ...

Aug 21st 1 day ago
Americas

Lula, Trump discuss tariffs in phone call, Brazil says

Aug 21st 1 day ago
World

US plans $725 million payment towards its large UN debt

Aug 21st 1 day ago
Middle East

NATO members discuss Strait of Hormuz options without allia...

TRENDING ON FINANCETIME
Aug 21st, 2026 Americas

Mexican governor accused by US of cartel ties returns to office

Aug 21st, 2026 Middle East

Turkey to seek Interpol notice for Netanyahu in Gaza flotilla case

Aug 21st, 2026 Litigation

Explainer: Why is Trump talking about the Keystone XL oil pipeline?

Aug 21st, 2026 Wealth

Guggenheim fund hits 17-year low after short-seller claims

Aug 21st, 2026 Wealth

Ken Griffin's Citadel sheds over $4 billion of Situational Awareness' bets

Markets-Sectors
ENERGY -0.20%
FINANCIALS +0.93%
TECHNOLOGY +0.14%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT