To make hay while solar energy shines
Solar energy has seen exponential growth over the last few years, driven primarily by falling prices. Solar and storage, making it a round-the-clock electricity source, is projected to be the cheapest energy option by 2030 in most parts of the world. But investment required to take advantage of this trend flows disproportionately to China and OECD countries. Countries in Africa, where the growth in energy demand and solar potential is the highest, received only 5% of the $200 billion of global investment flows in 2021.