Africa’s renewable energy sector is recording strong growth, with solar power now accounting for more than half of clean energy investments across the continent, according to the African Energy Chamber’s 2026 Outlook Report.
Between 2020 and 2025, Africa attracted about 34 billion dollars in clean power investments, with 52 percent directed to solar and 25 percent to onshore wind, driven by falling costs that have made utility-scale solar increasingly competitive at between 32 and 67 dollars per megawatt-hour. However, the report highlights a major imbalance, noting that nearly 600 million Africans still lack access to electricity, while the continent’s share of global renewable investment stood at just 1.5 percent in 2025 and is projected to peak at only 2.7 percent by 2030, underscoring the gap between capital flows and Africa’s urgent energy needs.