A report by the Africa Photo voltaic Business Affiliation (AFSIA) has ranked Nigeria among the many high African nations leveraging photo voltaic instead supply of power with the nation including 63.5 Megawatt peak (MWp) capability in 2024.
This introduced the nation’s whole put in capability to 385.7MWp on the finish of the yr in accordance with the AFSIA Africa Photo voltaic Outlook 2025 report.
The report famous that the rising curiosity in photo voltaic in Nigeria is pushed by the removing of gas subsidy, which pressured many Nigerians to start out in search of photo voltaic instead.
“Nigeria has began feeling the optimistic affect of the gas subsidy removing and an elevated curiosity for photo voltaic+storage as a less expensive different to diesel,” AFSIA said within the report.
Based on the report, South Africa maintains its chief’s place in African photo voltaic and stays the one African nation that’s a part of the “Gigawatt Membership”
The report revealed that photo voltaic installations reached new heights throughout the globe in 2024 with a whopping 503 GWp of estimated capability. This represents a 44% improve in comparison with 2023.
In Africa, the report reveals that the expansion was extra modest however new installations preserve a stable degree at 2.5 GWp after 2022 and 2023 being file years for photo voltaic in Africa.
“Due to new photo voltaic installations, Africa is now residence to 19.2 GWp (excluding residential installations). That is the third yr in a row that greater than 2 GWp are being put in, which is a testomony to the nice well being of the trade.
“However photo voltaic in Africa did nevertheless not develop as a lot as the worldwide photo voltaic market and nonetheless represents lower than 1% of all photo voltaic presently put in throughout the globe,” the report said.
Talking on the report, which was unveiled in the course of the Powerelec Nigeria convention and exhibition in Lagos, AFSIA CEO, Mr John van Zuylen, famous that whereas photo voltaic conquers extra African nations, the enterprise has remained extremely concentrated.
“In 2024, South Africa and Egypt represented nearly 80% of all the brand new photo voltaic put in, respectively representing 50% and 29%.
“However with a number of tasks already introduced and at numerous levels of growth in a number of nations which are new to photo voltaic, we could witness a extra distributed unfold of photo voltaic in Africa within the years to return,” he mentioned.
