New analysis says 'electricity will be the backbone of Africa's economic future, with solar leading the way.'
New analysis says"electricity will be the backbone of Africa's economic future, with solar leading the way."A new analysis released Monday details why nations across Africa would be wise to set their sights on massive investments in renewable solar energy and avoid the pitfalls of the so-called"
"By the end of this decade, we project that across Africa it will be cheaper to generate electricity by building new solar than continue to run both coal and gas power plants." "The energy transition from fossil fuels to renewables is inevitable and irreversible," said Kofi Mbuk, lead author of the report, in a statement."The growth in energy demand globally and regionally is now being met by renewables and squeezing out fossil fuel demand. In Africa—and across emerging economies—solar and wind offer the best route for economic development."
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