EDB MONTHLY NEWSLETTER • MAY 2024

However, global clean energy transition holds new promise for Africa’s economic and social development. As of May 2022, countries representing more than 70% of global CO2 emissions have committed to reach net zero emissions by around mid-century. This includes 12 African countries that represent over 40% of the continent’s total CO2 emissions. These ambitions are helping set a new course for the global energy sector amid declining clean technology costs and shifting global investment. African countries – nearly all of which are party to the Paris Agreement on Climate Change – are poised to capture the technology spillovers of these changes and attract increasing flows of climate finance. There is no one size fits all solution. Multiple technologies and fuel sources will be needed together with investment in transmission and distribution systems as well as software solutions with local conditions dictating what works best. Africa is thus becoming a beacon of light in the energy space.

Enlit Africa 2024 was indeed the opportunity for stakeholders across Africa to converge and discuss actionable solutions for its power and energy needs. The different sessions covered important topics on renewable energy, storage, green hydrogen technology, financing, policies, project bankability. The event provided a valuable platform for the Mauritian delegation to interact with participants from technologies companies, utilities, financial institutions, generation, transmission & distribution as well as regional and multilateral agencies.

While the delegation had the opportunity to hold one-on-one meetings with the participants facilitated by the US Embassy, the representatives of the Mauritian companies and institutions also met with various other participants to discuss synergy and collaboration for the renewable energy sector in Mauritius.     

Significant opportunities exist in mainland Africa for local power producers to explore and cater to the growing demand for electricity from clean sources needs thereby contributing to reach net-zero objectives of Africa.