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Africa Needs More Renewables, So Why Is It Investing In Fossil Fuels?

Forbes LogoForbes18h ago

Africa Needs More Renewables, So Why Is It Investing In Fossil Fuels? - Forbes

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LICHTENBURG, SOUTH AFRICA - MAY 8: A man is seen near the Selemela Solar Power Plant is one of the ...

However, in 2023, for the first time in Sub-Saharan Africa’s history, investments in solar and wind power surpassed those in fossil-fuel power.

Treasuries show how risk perception is changing and although investors are unlikely to choose an African utility scale solar project over long-term American debt, there may be a window for African countries to present themselves as a more stable option than previously perceived.

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Article Details

Author / Journalist: Sverre Alvik, Contributor

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 05:57:16 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: forbes.com

Language: English

Article Length: 1073 words

Reading Time: 6 minutes read

Sentences: 52 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Forbes

News ID: 28871095

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About Forbes

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Main Topics: BusinessFinance

Official Website: forbes.com

Update Frequency: 57 posts per day

Year Established: 1917

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #38

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